2025 Focus at How Mine: The Company aims to stabilize grade performance and enhance throughput capacity at How Mine in 2025, expecting improved production and grades as a result.
Restart Preparations for Redwing and Mazowe Mines: Early-stage preparations for restarting operations at Redwing and Mazowe Mines are underway, with WSP appointed to conduct feasibility studies to support these efforts.
Feasibility Studies Timeline: The feasibility studies, expected to take 12 to 18 months, will validate the exploration program and provide a technical foundation for reserve conversion and financing discussions.
Infrastructure and Dewatering Plans: Dewatering at Redwing will begin during the feasibility phase, with infrastructure and power supply upgrades planned to align with the restart timeline, followed by financing for capital expenditures.
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
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 Buy
0 Hold
0 Sell
Moderate Buy
Current: 3.100
Low
9.50
Averages
9.50
High
9.50
Current: 3.100
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.
