Namib Minerals Launches $400 Million How Mine Expansion in Zimbabwe

Reuters
2025.11.24 12:11
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Namib Minerals, a Nasdaq-listed African gold producer, announced a $300-400 million expansion at its How Mine in Zimbabwe, aiming for 55,000 tonnes monthly production by late 2026. The company is also working on enabling projects at its Redwing mine and plans to restart Mazowe and Redwing mines. Namib Minerals aims to become a mid-tier gold producer with a goal of 300,000 ounces annual production, focusing on operational optimization and mineral exploration.