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Namib Minerals Shares Surge 43% Amid Record Gold Prices and Growth Strategy

STRATEGIC MINERALS

Namib Minerals (NAMM) shares soared over 43% as gold prices surpassed $5,400 per ounce, following the Federal Reserve's decision to maintain interest rates. The company is expanding its operations from a single mine to multiple assets, including plans to optimize the How Mine in Zimbabwe and restart the Redwing and Mazowe mines in the DRC, aiming for an annual production of 300,000 ounces. Namib's growth strategy includes increasing milling capacity and diversifying into copper and cobalt exploration, with preliminary capital estimates of $300 million to $400 million.

Namib Minerals Shares Surge 43% Amid Record Gold Prices and Growth Strategy
Jan 30, 2026, 6:04 AM

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