Namib Minerals (NAMM) Earnings Call Transcripts

Namib Minerals's Latest Earnings Call - April 2, 2026

Namib Minerals reported its full-year 2025 results, highlighting revenue of $82.6 million and adjusted EBITDA of $29 million. Despite a decrease in production to 25,000 ounces of gold, the company benefited from a 44% increase in the average realized gold price to $3,156 per ounce. Management provided guidance for 2026, forecasting production of 28,000 to 31,500 ounces and adjusted EBITDA between $50 million to $62 million. The company is progressing with a 36% increase in ore milling capacity at How Mine, expected to be commissioned in the second half of 2026. Guidance was maintained with a focus on cost management and strategic growth projects.

Reported metrics

Guidance from management

For 2026, Namib Minerals expects production between 28,000 to 31,500 ounces and adjusted EBITDA of $50 million to $62 million. The company maintained its guidance, focusing on cost management and strategic growth.

What management said

I'm pleased to say that it is going well. Progress has tracked closely with our planned time line. To give you a sense of where we are at the moment, we've pumped roughly 145,000 cubic meters of water, which has brought the water level down to about 7.8 meters. This is a meaningful milestone. And based on everything we are seeing from data that we've gathered, we feel confident we are on track to hit our targets for ...

I appreciate the question because I know it's front of mind for all investors. What I can tell you is that we are actively working through our financing options, and we're having the right conversations. The thing I want to emphasize though is we are approaching this with real discipline. Our priority is protecting the shareholder value while securing the capital we need, and we won't rush into something that doesn't...

What analysts pressed on

Analysts expressed concerns about the impact of the Middle East conflict on costs, particularly fuel prices. They also inquired about the progress of dewatering at Redwing and the funding strategy for expansion projects.

Main topics on the call

• Production and Revenue — Gold production decreased to 25,000 ounces, but revenue remained stable at $82.6 million due to a 44% increase in gold prices. Management noted, 'The gold price effectively absorbed the volume shortfall.'
• Cost Management — Operating costs were managed effectively, with production costs down 4% to $37 million. Management highlighted, 'Our mine costs and all-in sustaining costs were below guidance.'
• Guidance for 2026 — The company guided to 2026 production of 28,000 to 31,500 ounces with an all-in sustaining cost of $2,400 to $2,700 per ounce. Adjusted EBITDA is expected between $50 million to $62 million.
• Redwing Mine Development — Dewatering at Redwing is progressing as planned, with completion expected by late 2026. Management emphasized a 'disciplined and technically robust approach' to development.

Read the full Namib Minerals transcript (April 2, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 2 Namib Minerals earnings call transcripts on record, spanning April 2, 2026 to October 1, 2026. The most recent call on file is dated October 1, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NAMM

Exchange

NasdaqGM

Country

US

Sector

Materials

Industry

Metals and Mining

Calls on record

2

First call

April 2, 2026

Most recent

October 1, 2026