Added to YB: 2026-10-13
Pitch date: 2026-10-09
NAMM [bullish]
Namib Minerals
-10.71%
current return
Author Info
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Company Info
Namib Minerals operates as a gold producer in Africa and Democratic Republic of Congo. The company owns and operates How Mine, Mazowe Mine, and Redwing Mine located in Zimbabwe, Africa.
Market Cap
$63.7M
Pitch Price
$1.12
Price Target
6.50 (+550%)
Dividend
N/A
EV/EBITDA
1.76
P/E
0.61
EV/Sales
0.72
Sector
Metals and Mining
Category
value
Namib Minerals – H1/26 Results; Redwing Restart Brought Forward
NAMM (earnings): Namib’s H1/26 showed strong gold-price leverage: revenue rose 40% to $50.8M and adjusted EBITDA 76% to $19.0M despite 11% lower production. The commissioned How expansion should lift capacity ~36%, while Redwing now targets first gold by January 2027 without new equity. However, 2026 production guidance fell to 26.5-27.0Koz on How expansion timing and AISC guidance rose; the revised $6.50 target applies 0.6x to $11.02 NAVPS. NAMM trades at 0.1x P/NAV versus peers at 0.7x.
Read full article (7 min)