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Namib Minerals

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Namib Minerals is the first Black African founded and led mining company to secure a listing on a U.S.

Investor website: https://www.namibminerals.com/

About

Namib Minerals is the first Black African founded and led mining company to secure a listing on a U.S. stock exchange, built on the vision of founder Mzi Khumalo. The company focuses on sustainable value creation that uplifts African communities through long-term socio-economic partnerships. It operates in Central and Southern Africa's resource sector, with a commitment to transparency, governance, and independent oversight. Namib's portfolio includes an operational gold mine and plans to restart two brownfield sites, responding to rising global demand for gold and other metals.

Verified company data

Cash position
$ 1,887
Shares outstanding
55.85m
Mineral resource
Underground Resource Estimate 0.15Moz Au @ 2.21 g/t Au Measured and Indicated (M&I) Mineral Resources 0.18Moz Au @ 2.82 g/t Au Indicated Mineral Resources ### Historical Production 1.8Moz Gold Produced from 1941–2023
Projects
["The How Mine is our flagship producing gold mine. With a proud production history spanning over eight decades, the How Mine is recognized as one of Zimbabwe’s most established gold operations, generating reliable cash flow to fuel our broader regional ambitions. Located 22 kilometers southeast of Bulawayo in Zimbabwe’s South Province, How Mine covers 2,408 hectares and operates in a mining-friendly jurisdiction, benefitting from supportive regulatory frameworks and established infrastructure.","The Mazowe Mine is a historic, high-grade underground gold operation with extensive underground access, grid power, and processing facilities, providing the foundation for its restart. The Mazowe Mine is situated approximately 40 kilometers north of Harare, Zimbabwe, in a well-established mining region with strong infrastructure and access to skilled labor. The Mazowe Mine’s history dates back to 1903 with the formation of Jumbo Gold Mining Company, which established significant underground workings and milling infrastructure. Over the decades, ownership transitioned through several companies with notable production periods under Lonrho Zimbabwe, Independence Gold Mining, and Busia Mining Company (BMC). We acquired the Mazowe Mine in 2024, to prepare it for its next stage of production.","The Redwing Mine is a brownfield underground gold operation where dewatering is underway as part of the restart process. With proven reserves and strong exploration upside as well a strategically advantageous location and established infrastructure, Redwing will support Namib’s growth objectives in Zimbabwe and create long-term value. Located in Manicaland Province within Zimbabwe’s Penhalonga area, Redwing Mine sits approximately 20 kilometers northeast of Mutare—a key industrial and logistics hub that provides strong regional support for mining operations and access to skilled labor. Operating for over a century, Redwing Mine has been part of Zimbabwe’s gold mining heritage, with notable periods under Lonrho Zimbabwe and Metallon Gold. Namib Minerals acquired the mine in 2025, embedding modern ESG practices and operational discipline to prepare it for sustainable, long-term production."]
Leadership
Tulani Sikwila (Chairman and Chief Executive Officer, Over 20 years of leadership experience in mining, finance, corporate strategy, and business operations. Has been with Namib Minerals for over 19 years.), Sphesihle Mchunu (Chief Financial Officer and Director, Responsible for the Company's financial strategy and capital allocation. Joined Namib Minerals as Group General Counsel in 2020.), Tavepi Dafana (Country Managing Director, Over 23 years of finance and leadership experience in the mining sector. Responsible for overall management of Zimbabwe operations.), Renaud Houllé (VP Finance, Brings over 25 years of operational and financial expertise, including senior roles in M&A and finance transformation.), Lamiaa Maniar Elaker (VP Communications, Leads global communications and media relations with over nine years of experience in public relations and journalism.), Antonio Nieto (VP Technical Services, An expert in mining technology and sustainability with over 25 years of experience.), Hannerietta R Choga (VP People & Culture, Over 20 years of experience in human resources and corporate services leadership.), Mike Cross (Head of Technology Services, Senior technology executive with over two decades of experience in enterprise technology strategy across global industrial environments.)

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