Business
Namib Minerals Provides Business Update and Reports Full Year 2025 Results
How Mine Production and Milling Capacity Expansion on TrackRedwing Mine Restart Program Advances with Dewatering MilestoneTulani Sikwila Named CEO and
About this update from Namib Minerals
[{"type":"text","content":"How Mine Production and Milling Capacity Expansion on TrackRedwing Mine Restart Program Advances with Dewatering MilestoneTulani Sikwila Named CEO and Leadership Team Expanded to Support Growth StrategyManagement to Host Business Update Conference Call on April 2nd at 8.30am NEW YORK, April 02, 2026 (GLOBE NEWSWIRE) -- Namib Minerals (“Namib” or “the Company”), (Nasdaq: NAMM), the African mining platform capitalizing on strategic resource opportunities, today announced its full year 2025 financial results and provided a business update highlighting its operational progress, leadership team enhancement and improving market conditions as the Company advances its strategy to build a multi-asset African mining platform. “Namib Minerals continues to make disciplined progress against our strategic roadmap to expand production,” said Tulani Sikwila, Chief Executive Officer. “2025 was a year of disciplined progress as we executed against our strategy to stabilize operations, increase production capacity, and expand our resource base.” “I look forward to continuing executing our long-term vision of building a scalable, capital-efficient African mining platform that creates value for Namib’s investors, employees, and communities. Our strong operational expertise, deep regional relationships, and institutional governance as a Nasdaq-listed company ideally positions Namib to unlock value from underdeveloped assets.” Financial and Operational Results For the year ended December 31, 2025, Namib produced approximately 25,000 ounces of gold and generated $82.6 million in revenue, compared with $85.9 million in 2024. Adjusted EBITDA increased 18% to $29.0 million, and operating cash flow totaled $13.8 million. These results were in line with the Company’s guidance, despite a lower grade environment at the How Mine. In addition, our Profit increased to $101.2 million in 2025, compared to $3.6 million in 2024, due in large part to the recognition of non-cash items as discussed below. A significant increase in the average realized gold price during the year helped offset lower grades and reduced production, supporting stable gross profit performance. Cost performance remained disciplined across operations. Total production costs were approximately $37 million, down 4% from $38.7 million in 2024, reflecting effective cost control, including optimize...