Namib Minerals
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $62.0M
- Price
- $1.11
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.91%
- Volume
- 540.5K
About
Namib Minerals is a gold producer, developer and explorer with operations focused in Zimbabwe. The company was founded on June 5, 2025 and is headquartered in George Town, Cayman Islands.
Quick stats
Shares outstanding55.9M
Computed float15.8M
Float / shares28.2%
Key info
SectorBasic Materials
IndustryGold
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002026514
AI Summary
AI-generated1/19
majormixedearnings
Namib Minerals Reports First-Half 2026 Financial Results and Provides Business Update
Namib Minerals reported H1 2026 revenue of $50.8 million, up 40% YoY, with gross profit doubling to $27.0 million and Adjusted EBITDA up 76% to $19.0 million on a stronger gold price.
Operationally, the expanded How Mine mill is substantially complete with commissioning expected mid-October, lifting capacity ~36%, and Redwing Mine dewatering finished ahead of schedule with first gold targeted no later than January 2027.
However, FY26 production guidance was cut to 26,500-27,000 ounces from 28,000-31,500, and group AISC guidance rose to $2,650-$2,850/oz.
The reported loss was $4.8 million (9 cents/share), driven by $11.3 million of non-cash earnout and warrant fair-value losses; cash stands at $1.8 million against a $42.9 million working capital deficit, mitigated by new Ecobank and BancABC facilities.
Red flags
- FY26 production guidance cut ~15% at midpoint on mill commissioning timing
- AISC guidance raised to $2,650-$2,850/oz from $2,400-$2,700/oz
- $1.8M cash against $42.9M working capital deficit
- C1 cost per ounce up 4% and AISC up 25% YoY despite absolute cost declines
- Zimbabwe regulatory policy forcing Redwing restart by January 2027