Namib Minerals Boosts Gold Production Capacity Amid Stronger Prices…

Event summary

Namib Minerals reported a 40% revenue increase and 76% rise in adjusted EBITDA for H1 2026, driven by higher gold prices and cost discipline.
How Mine's milling plant expansion is substantially complete, with commissioning expected mid-October, increasing monthly processing capacity by ~36%.
Redwing Mine's dewatering finished ahead of schedule, with a three-month restart program starting October and first gold targeted by January 2027.
Full-year 2026 production guidance revised to 26,500–27,000 ounces, down from the previous 28,000–31,500 ounces.
Namib Minerals strengthened leadership with Sphe Mchunu as CFO and Wendy Luhabe as Lead Independent Director.

The big picture

Namib Minerals is capitalizing on stronger gold prices and operational improvements to boost production capacity. The company's strategic focus on cost discipline and non-dilutive funding for expansions positions it to navigate regulatory and market dynamics in Africa's mining sector. The restart of Redwing Mine and the expansion of How Mine are critical to achieving scalable, capital-efficient growth.

What we're watching

Capacity Utilization: How the expanded milling plant at How Mine will affect production volumes and cost efficiency in H2 2026.
Restart Success: Whether the accelerated restart of Redwing Mine can meet the January 2027 target and contribute meaningfully to 2027 production.
Financial Health: The pace at which Namib Minerals can improve its liquidity position and manage its working capital deficit.