Namib Minerals (NAMM) Reports 18% Adjusted EBITDA Growth in Full-Year 2025 Results

Namib Minerals (NASDAQ:NAMM) is one of the 10 Unstoppable Stocks That Could Double Your Money.

Namib Minerals (NASDAQ:NAMM) is one of the unstoppable stocks that could double your money. On April 2, Namib reported its full-year 2025 financial results, highlighting a year of strategic transition and infrastructure investment. The company produced ~25,000 ounces of gold, generating $82.6 million in revenue. Despite a lower-grade environment at its flagship How Mine, adjusted EBITDA grew by 18% to $29.0 million, supported by an increase in realized gold prices.

The company also reported a substantial net profit of $101.2 million, largely driven by non-cash gains related to the revaluation of liabilities following its public listing. Operational highlights for the year include steady progress on the capacity expansion at the How Mine, which aims to increase milling throughput from 40,500 to 55,000 tonnes per month by H2 2026.

Namib Minerals (NAMM) Reports 18% Adjusted EBITDA Growth in Full-Year 2025 Results

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Additionally, the company reached a critical milestone in its Redwing Mine restart program with the commencement of dewatering activities in early 2026. This eight-month process is expected to conclude late in the year, paving the way for the site’s return to production. Namib is currently evaluating non-dilutive funding options to support the capital requirements for these brownfield growth projects. For 2026, Namib Minerals (NASDAQ:NAMM) has issued guidance projecting gold production between 28,000 and 31,500 ounces and adjusted EBITDA in the range of $50 million to $62 million.

Namib Minerals (NASDAQ:NAMM) is a gold producer, developer, and explorer focused on Zimbabwe. The company operates the How Mine and aims to restart two additional assets in the country.

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