Namib Minerals is restarting its Mazowe and Redwing mines in Zimbabwe, funded by cash flow from its How mine. The company also advances copper and cobalt exploration in the DRC, expecting to increase resource declarations by year-end. CEO Ibrahimia Tall emphasizes sustainability and growth.
Namib Minerals (Nasdaq: NAMM) is utilizing cash flow from its How gold mine in Zimbabwe to resume operations at two additional mines, while also advancing copper and cobalt exploration in the Democratic Republic of Congo (DRC). CEO Ibrahimia Tall highlighted plans in a recent video interview with The Northern Miner, stating that a feasibility study is aimed at increasing How’s production from last year’s 27,000 ounces.
The company is reviving operations at its Mazowe and Redwing mines to expand its production portfolio in Zimbabwe. Tall emphasized, “We are cash generators and we intend to generate way more cash when we reopen these mines,” during his address at the Prospectors and Developers Association of Canada conference in Toronto.
He also mentioned that the cash flow from How will support exploration and development on 13 permits related to battery metals in Congo. Initial drilling results indicate significant near-surface copper and cobalt potential, with an expectation to convert some permits into declared resources by the end of the year. For a comprehensive view, the full interview is available, hosted by MINING.com’s Devan Murugan.
Namib Minerals is strategically leveraging its operational revenue from the How gold mine to enhance production capabilities in Zimbabwe and expand into Congolese copper and cobalt exploration. The company is focusing on increasing output, with plans to declare resources from promising permits by year-end, showcasing a proactive approach to growth and sustainability in the mining sector.
Original Source: www.mining.com
