Namib Minerals Updates Growth Strategy, Commences Enabling Works at Redwing, and Outlines $300-400 Million Capital Plan

Namib Minerals, a gold producer in Zimbabwe, plans to expand How Mine's capacity to 55,000 tonnes per month by H2 2026. Enabling works have begun at Redwing, with dewatering set to start in 8 months. A $300-400 million capital plan is outlined, with a non-dilutive funding strategy. The company aims to become a multi-asset, mid-tier producer through operational optimization and strategic restarts of its mines.