$NAMM

Namib Minerals (NASDAQ: NAMM) announced a proposed $30M loan from Ecobank Zimbabwe for drilling and mine work at Redwing. The funding aims to complete Step 3 of the company's development milestones, focusing on resource definition and bankability. Completion will inform the scale and capital requirements for Redwing's potential larger-scale gold operation. The loan is subject to definitive documentation and customary conditions.

Namib Minerals (NASDAQ: NAMM) completed the commissioning of its expanded milling plant at How Mine, increasing monthly processing capacity from 40,500 to 55,000 tonnes. The company aims to reach full capacity by December 2026 and expects an annualized run-rate of over 30,000 ounces of gold. Additionally, the restart of Redwing Mine is on schedule for January 2027.

Namib Minerals (NAMM) reported a 40% revenue increase to $50.8M and 76% adjusted EBITDA growth for H1 2026, driven by higher gold prices and cost discipline. The company expanded its How Mine milling capacity, with commissioning expected mid-October, and accelerated Redwing Mine's restart, targeting first gold by January 2027. Full-year 2026 production guidance was revised to 26,500–27,000 ounces.

Namib Minerals (NASDAQ: NAMM) will release its first-half 2026 financial results on October 1, 2026, followed by a conference call and webcast. Management will address pre-submitted shareholder questions. The company operates gold mines in Zimbabwe and is restarting Redwing Mine.

Namib Minerals (NAMM) announced its subsidiary secured a $6.5M term loan from BancABC. The non-dilutive debt facility is additional to existing financing. NAMM trades on NASDAQ.

Namib Minerals (NASDAQ: NAMM) secured a $6.5M term loan from BancABC to fund resource definition and bankability for its Redwing Mine. The loan strengthens liquidity and supports Step 3 of the mine's development, including drilling and feasibility studies. The company aims to restart the mine without diluting shareholders.

Namib Minerals (Nasdaq: NAMM) announced board and executive appointments: Tulani Sikwila became Chairman and continues as CEO, Wendy Luhabe joined as independent Lead Independent Director, and Sphe Mchunu was appointed CFO. The changes are intended to support governance and the planned restart of the Redwing Mine and the company’s development financing strategy.

Namib Minerals (Nasdaq: NAMM) said civil works for the Mill Expansion Project at its How Mine are advanced: raft foundation, mill plinth and tower foundations are completed, and key mechanical components (including the mill shell) have been delivered. Factory acceptance tests for the project transformer and starter are done, while installation work continues. The company expects construction and commissioning by H2 2026.

Namib Minerals (NASDAQ:NAMM) experienced a significant 15.2% decrease in short interest in March, totaling 899,545 shares, which represents about 2.4% of shares sold short and a 1.2 days-to-cover ratio. The stock trades near $2.12 with a market capitalization of $114.7 million, and institutional investors hold approximately 59.54% of the shares. Analyst ratings for the company are mixed, with an average "Reduce" rating, though some firms recently upgraded their stance to "Hold."

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