Namib Minerals Boosts How Mine Processing Capacity by 36%
Namib Minerals (NASDAQ:NAMM) has completed the commissioning of its expanded milling plant at the How Mine. This expansion increases the facility's monthly processing capacity by approximately 36%, moving from about 40,500 tonnes to 55,000 tonnes.
The operational scale-up is designed to establish a higher run-rate for the mining company. By increasing throughput, the company aims to raise its overall gold output and potentially lower its unit operating costs, provided that ore grades and recovery rates remain stable. The project could eventually support an expected run-rate of over 30,000 ounces of gold.
Investors will want to monitor the project's progress as the company targets a ramp-up to full capacity by December 2026. Additionally, the company is working toward restarting its Redwing Mine, with the goal of producing its first gold from that site by January 2027.
Key points
- Namib Minerals completed the expansion of its How Mine milling plant.
- Monthly processing capacity increased by roughly 36% to 55,000 tonnes.
- The company targets reaching full capacity at the site by December 2026.
- A restart of the Redwing Mine is scheduled to produce first gold by January 2027.
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What is the new processing capacity of the How Mine?
The expanded milling plant has raised the processing capacity from approximately 40,500 tonnes to 55,000 tonnes per month, representing an increase of about 36%.
When does Namib Minerals expect to reach full capacity at the How Mine?
The company is targeting December 2026 to fully ramp up the expanded milling plant to its new capacity.
What is the timeline for the Redwing Mine restart?
Namib Minerals is targeting January 2027 to achieve first gold production from the restarted Redwing Mine.