Namib Minerals Offers Update on Finalization of BW Mining Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2025
0mins
Should l Buy NAMM?
Strategic Partnership: Namib Minerals has formed a strategic partnership with Bitumen World Mining for the retreatment of sands at How Mine in Zimbabwe, which contains an inferred resource of 213 Koz of gold.
Operational Progress: BW Mining has mobilized equipment and started preparatory work for the initial testing phase of the sands, aiming to efficiently extract gold.
Financial Expectations: The project is expected to enhance overall EBITDA and provide additional value from existing resources, potentially leading to stronger returns for shareholders.
Risks and Uncertainties: The success of the project is contingent on the completion of the testing phase and is subject to various risks, including market conditions that are beyond the company's control.
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Analyst Views on NAMM
Wall Street analysts forecast NAMM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NAMM is 9.50 USD with a low forecast of 9.50 USD and a high forecast of 9.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 3.050
Low
9.50
Averages
9.50
High
9.50
Current: 3.050
Low
9.50
Averages
9.50
High
9.50
No data
About NAMM
Namib Minerals is a gold producer, developer and explorer with operations focused on Zimbabwe. The Company and its subsidiaries (including Greenstone Corporation) operate in Zimbabwe’s mining industry. It operates an underground mine in Zimbabwe, with additional exploration assets in Zimbabwe and the Democratic Republic of Congo (DRC). The How Mine is located in the Bulawayo Greenstone Belt and consists of several gold-bearing pods within a sigmoidal structure. The mineralization is mainly pyrite (>90%), with chalcopyrite, pyrrhotite, and associated silification and carbonation. Its other assets are Mazowe Mine and Redwing Mine. Mazowe Mine is situated in the Harare Greenstone Belt. Mazowe Mine has gold-bearing sulfides and quartz in shear zones. The mine has two underground sections and over 247 claims, spanning over 2,939 hectares. In the DRC, it has an interest in 13 exploration permits, which include six initial drilling holes with identified copper and cobalt potential.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Namib Minerals Faces Nasdaq Compliance Challenge
- Compliance Notification: On January 30, 2026, Namib Minerals received a letter from Nasdaq indicating that its ordinary shares did not meet the $15 million minimum market value requirement from December 5, 2025, to January 20, 2026, potentially facing delisting risks.
- Compliance Period: The company has a 180-day compliance period until July 29, 2026, during which it must achieve a market value of at least $15 million for ten consecutive business days to regain compliance and avoid delisting.
- Market Trading Impact: Despite the compliance notification, Namib Minerals' ordinary shares will continue to trade on Nasdaq under the symbol “NAMM,” indicating that there will be no immediate impact on trading.
- Strategic Response: The company believes it has been compliant for over ten consecutive days and is actively seeking to restore compliance quickly to maintain its listing status on Nasdaq.
See More
PennyMac Financial Shares Plunge After Earnings Miss
- Earnings Disappointment: PennyMac Financial Services reported quarterly earnings of $1.96 per share, significantly missing the analyst consensus estimate of $3.24, indicating a notable decline in profitability that could undermine investor confidence.
- Sales Miss: The company's quarterly sales totaled $538.005 million, falling short of the analyst consensus estimate of $642.528 million, reflecting weak market demand that may pressure future performance.
- Stock Price Volatility: Following the earnings report, PennyMac's shares plummeted 21.8% to $117.00 in pre-market trading, highlighting investor concerns over financial health that could trigger broader market reactions.
- Market Sentiment Impact: Despite a 0.1% gain in Dow futures, PennyMac's negative earnings report may influence other financial stocks, affecting investor risk appetite amid overall market instability.
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Namib Minerals' Gold Production Plan Shows Significant Growth
- Stock Surge: Namib Minerals' shares surged over 43% on Wednesday as gold prices exceeded $5,400 per ounce for the first time, reflecting strong market confidence and retail interest in the company.
- Multi-Asset Transition: The company has transitioned from a single-mine operator to a multi-asset gold producer, aiming to increase milling capacity at How Mine from 40,500 tonnes per month to 55,000 tonnes by the second half of 2026 to support higher volumes and offset recent grade declines.
- Mine Restart Plans: Namib is advancing the restart of the Redwing and Mazowe mines, with dewatering at Redwing expected to take around eight months, while infrastructure upgrades and engineering studies at Mazowe are also underway, indicating a proactive approach to future growth.
- Long-Term Production Goals: The company aims to become a mid-tier gold producer targeting 300,000 ounces annually, with preliminary capital estimates between $300 million and $400 million, and a funding strategy focused on minimizing shareholder dilution.
See More
Baker Hughes Q4 Earnings Exceed Expectations
- Earnings Beat: Baker Hughes reported adjusted earnings of 78 cents per share for Q4, surpassing market expectations of 67 cents, indicating strong performance in the oil and gas sector, which is likely to boost investor confidence.
- Sales Growth: The company's quarterly sales reached $7.386 billion, exceeding expectations of $7.068 billion, reflecting its competitive edge amid recovering market demand and potentially driving future business expansion.
- Stock Price Surge: Baker Hughes shares rose 3.7% to $55.81 in pre-market trading, indicating a positive market reaction to its financial performance, which may attract more investor interest.
- Industry Impact: This earnings improvement not only strengthens Baker Hughes' market position but could also positively influence the entire oil and gas industry, prompting other companies to increase investment and innovation efforts.
See More
Namib Minerals Stock Soars 334% with RSI at 92.4, Warning for Investors
- Stock Surge: Namib Minerals' stock surged 334% over the past five days, closing at $4.15 on Thursday, indicating strong market momentum that may attract more investor interest.
- Overbought RSI: The company's current Relative Strength Index (RSI) stands at 92.4, significantly above the 70 overbought threshold, warning investors of potential short-term pullback risks.
- Strategic Growth Plans: CEO Ibrahima Sory Tall emphasized the company's commitment to becoming a multi-asset mid-tier producer through operational optimization and the disciplined restart of the Mazowe and Redwing mines, showcasing long-term growth potential.
- Strong Performance from Hycroft Mining: Hycroft Mining's stock rose 90% over the past month with an RSI of 81.7, indicating robust market performance that may also attract investor attention.
See More
Namib Minerals Targets 55,000 Tonnes Monthly Capacity Expansion at How Mine by H2 2026
- Capacity Expansion Plan: Namib Minerals aims to increase How Mine's monthly capacity from 40,500 tonnes in 2024 to 55,000 tonnes, representing a 36% increase. This expansion is expected to be operational by the second half of 2026, enabling the company to process higher ore volumes and offset the grade reduction experienced in 2025.
- Redwing Mine Restart Preparations: The company has commenced enabling works at Redwing, with an eight-month dewatering program planned during the feasibility study phase. This critical step will allow for assessing underground conditions and refurbishing infrastructure, preparing for a phased production ramp-up.
- Capital Plan Overview: Namib Minerals' preliminary funding requirement is estimated to be between $300 million and $400 million, primarily allocated to the development of Redwing Mine. The company is pursuing a non-dilutive funding strategy to minimize shareholder dilution while supporting its growth initiatives.
- Strategic Growth Objective: Namib Minerals aims to build itself into a multi-asset mid-tier gold producer, targeting an annual production of 300,000 ounces of gold. Achieving this objective relies on the successful execution of restart programs and mine expansions as part of its long-term strategy.
See More
Namib Minerals Faces Nasdaq Compliance Challenge
- Compliance Notification: On January 30, 2026, Namib Minerals received a letter from Nasdaq indicating that its ordinary shares did not meet the $15 million minimum market value requirement from December 5, 2025, to January 20, 2026, potentially facing delisting risks.
- Compliance Period: The company has a 180-day compliance period until July 29, 2026, during which it must achieve a market value of at least $15 million for ten consecutive business days to regain compliance and avoid delisting.
- Market Trading Impact: Despite the compliance notification, Namib Minerals' ordinary shares will continue to trade on Nasdaq under the symbol “NAMM,” indicating that there will be no immediate impact on trading.
- Strategic Response: The company believes it has been compliant for over ten consecutive days and is actively seeking to restore compliance quickly to maintain its listing status on Nasdaq.
See More
PennyMac Financial Shares Plunge After Earnings Miss
- Earnings Disappointment: PennyMac Financial Services reported quarterly earnings of $1.96 per share, significantly missing the analyst consensus estimate of $3.24, indicating a notable decline in profitability that could undermine investor confidence.
- Sales Miss: The company's quarterly sales totaled $538.005 million, falling short of the analyst consensus estimate of $642.528 million, reflecting weak market demand that may pressure future performance.
- Stock Price Volatility: Following the earnings report, PennyMac's shares plummeted 21.8% to $117.00 in pre-market trading, highlighting investor concerns over financial health that could trigger broader market reactions.
- Market Sentiment Impact: Despite a 0.1% gain in Dow futures, PennyMac's negative earnings report may influence other financial stocks, affecting investor risk appetite amid overall market instability.
See More
Namib Minerals' Gold Production Plan Shows Significant Growth
- Stock Surge: Namib Minerals' shares surged over 43% on Wednesday as gold prices exceeded $5,400 per ounce for the first time, reflecting strong market confidence and retail interest in the company.
- Multi-Asset Transition: The company has transitioned from a single-mine operator to a multi-asset gold producer, aiming to increase milling capacity at How Mine from 40,500 tonnes per month to 55,000 tonnes by the second half of 2026 to support higher volumes and offset recent grade declines.
- Mine Restart Plans: Namib is advancing the restart of the Redwing and Mazowe mines, with dewatering at Redwing expected to take around eight months, while infrastructure upgrades and engineering studies at Mazowe are also underway, indicating a proactive approach to future growth.
- Long-Term Production Goals: The company aims to become a mid-tier gold producer targeting 300,000 ounces annually, with preliminary capital estimates between $300 million and $400 million, and a funding strategy focused on minimizing shareholder dilution.
See More
Baker Hughes Q4 Earnings Exceed Expectations
- Earnings Beat: Baker Hughes reported adjusted earnings of 78 cents per share for Q4, surpassing market expectations of 67 cents, indicating strong performance in the oil and gas sector, which is likely to boost investor confidence.
- Sales Growth: The company's quarterly sales reached $7.386 billion, exceeding expectations of $7.068 billion, reflecting its competitive edge amid recovering market demand and potentially driving future business expansion.
- Stock Price Surge: Baker Hughes shares rose 3.7% to $55.81 in pre-market trading, indicating a positive market reaction to its financial performance, which may attract more investor interest.
- Industry Impact: This earnings improvement not only strengthens Baker Hughes' market position but could also positively influence the entire oil and gas industry, prompting other companies to increase investment and innovation efforts.
See More
Namib Minerals Stock Soars 334% with RSI at 92.4, Warning for Investors
- Stock Surge: Namib Minerals' stock surged 334% over the past five days, closing at $4.15 on Thursday, indicating strong market momentum that may attract more investor interest.
- Overbought RSI: The company's current Relative Strength Index (RSI) stands at 92.4, significantly above the 70 overbought threshold, warning investors of potential short-term pullback risks.
- Strategic Growth Plans: CEO Ibrahima Sory Tall emphasized the company's commitment to becoming a multi-asset mid-tier producer through operational optimization and the disciplined restart of the Mazowe and Redwing mines, showcasing long-term growth potential.
- Strong Performance from Hycroft Mining: Hycroft Mining's stock rose 90% over the past month with an RSI of 81.7, indicating robust market performance that may also attract investor attention.
See More
Namib Minerals Targets 55,000 Tonnes Monthly Capacity Expansion at How Mine by H2 2026
- Capacity Expansion Plan: Namib Minerals aims to increase How Mine's monthly capacity from 40,500 tonnes in 2024 to 55,000 tonnes, representing a 36% increase. This expansion is expected to be operational by the second half of 2026, enabling the company to process higher ore volumes and offset the grade reduction experienced in 2025.
- Redwing Mine Restart Preparations: The company has commenced enabling works at Redwing, with an eight-month dewatering program planned during the feasibility study phase. This critical step will allow for assessing underground conditions and refurbishing infrastructure, preparing for a phased production ramp-up.
- Capital Plan Overview: Namib Minerals' preliminary funding requirement is estimated to be between $300 million and $400 million, primarily allocated to the development of Redwing Mine. The company is pursuing a non-dilutive funding strategy to minimize shareholder dilution while supporting its growth initiatives.
- Strategic Growth Objective: Namib Minerals aims to build itself into a multi-asset mid-tier gold producer, targeting an annual production of 300,000 ounces of gold. Achieving this objective relies on the successful execution of restart programs and mine expansions as part of its long-term strategy.
See More
