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Namib Minerals – Production and Operational Update

Namib Minerals targets production of 24,000-25,000 ounces in 2025, advancing feasibility studies and restart prep at Redwing and Mazowe Mines with WSP oversight.

  • On Nov. 10, 2025, Namib Minerals filed an operational update from HARARE, announcing WSP Global Inc. to start feasibility studies at Redwing and Mazowe Mines, marking the restart pathway's first phase.
  • Pursuing a phased growth plan, Namib Minerals aims to recommence operations at Mazowe Mine and Redwing Mine, aligning production with resource sizes to expand as a multi-asset operator.
  • WSP will execute SK-1300 studies that are expected to run 12 to 18 months, with Redwing dewatering scheduled during this period for approximately eight months and surface infrastructure upgrades planned concurrently.
  • However, Namib warns that these forward‑looking plans involve the Company estimates preliminary CAPEX needs of US $300 million to $400 million, mostly for Redwing, and a funding mix of project debt, partnerships, and cash, with risks including market and political factors.
  • For 2025 the company projects How Mine will deliver 24,000–25,000 oz, US$22–26 million Adjusted EBITDA, and AISC of 2,700–2,800 US$/oz.
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The Toronto StarThe Toronto Star
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Namib Minerals – Production and Operational Update

HARARE, Zimbabwe, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Namib Minerals (Nasdaq: NAMM) (“Namib Minerals” or the “Company”) today provided an operational update, including production guidance for 2025 and an overview of its mandate to WSP Global Inc. (“WSP”).

·Toronto, Canada
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The Hamilton Spectator broke the news in Hamilton, Canada on Monday, November 10, 2025.
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