Namib Minerals Completes How Mine Expansion Ahead of Schedule, Boosting Capacity 36%
NAMM sits 21% above its 52-week low of $0.914.
Summary
Namib Minerals finished commissioning its expanded milling plant at How Mine ahead of the mid-October deadline. Monthly processing capacity rises from about 40,500 tonnes to 55,000 tonnes, a 36% increase. Management targets full capacity by December 2026 and an annualized run-rate above 30,000 ounces at current grades. The Redwing Mine restart remains on track for first gold in January 2027. This follows the H1 2026 results reported October 1 showing revenue up 40% to $50.8M and a $42.9M working capital deficit.
At the time of this announcement, NAMM was trading at $1.11 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $62M. The 52-week trading range was $0.91 to $7.42. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.