Namib Minerals outlines $300-400 million expansion plan for Zimbabwe mines

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Namib Minerals Provides Business Update

November 24, 2025 7:11 AM EST

How Mine Expansion to 55,000 Tonnes Per Month Targeting H2 2026 Operational Date
Enabling Works Commenced at Redwing; 8-Month Dewatering Program to Begin
Company Outlines $300-400 Million Capital Plan with Non-Dilutive Funding Strategy
Management to Host Business Update Conference Call at 8:00 a.m. Eastern Time

NEW YORK, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Namib Minerals (Namib Minerals or the Company), (Nasdaq: NAMM), an established African gold producer with a portfolio of mining and exploration assets in Zimbabwe today provided a business update on its strategic growth initiatives.

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