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Namib Minerals Announces Production And Operational Update; Expects 2025 Adj. EBITDA Of $22M-$26M; Expects 2025 Production Of 24,000-25,000 Oz

Benzinga·11/10/2025 14:33:45
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Namib Minerals (NASDAQ:NAMM) ("Namib Minerals" or the "Company") today provided an operational update, including production guidance for 2025 and an overview of its mandate to WSP Global Inc. ("WSP").

2025 Operational Guidance

The Company expects 2025 to continue as a year of grade consolidation and optimization at its flagship How Mine operation. Based on current mine plans and market conditions, the Company anticipates the following ranges:

Metric 2025 Guidance Range
Production (oz) 24,000 – 25,000
Adjusted EBITDA (US$ millions) 22 – 26
All-in Sustaining Cost (AISC US$/oz) 2,700 – 2,800



The 2025 focus at How Mine remains on stabilizing grade performance and completing throughput-capacity improvements. These improvements are expected to yield geared production and grades in the upcoming year. Furthermore, the Company continues advancing early-stage restart preparation work at Redwing Mine and Mazowe Mine.