Namib Minerals NAMM

1.15 (0.02) (1.71%) as of 25 Sep
Market cap
$67.0M
P/E
0.0×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 86.39%

Capital & Financial Ratios

Market Cap 67.03
Revenue —
Net Income 25.66
Free Cash Flow 13.51
Net Debt 2.21
Current Ratio 0.14
Debt/Equity (0.02)
P/E ratio 0.00
P/S ratio 0.00
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2022 2023 2024 2025
Cash 1 0 1 2
Receivables — — 4 6
Inventory — — 3 4
Other 0 — 1 4
1 1 9 16
2022 2023 2024 2025
Payables 0 0 31 38
ST’ Debt — 0 1 3
Other 1 — 3 2
1 6 46 54
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — —
Cash Flow — — 0.00%
Earnings — — 87.69%
Book Value — — 0.00%

Revenue

Mar Jun Sep Dec Year
’26 — — — — —
’25 — 36 — — 83
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 — — — — —
’25 0 6 — — 14
’24 (1) 12 (14) 21 19
’23 0 (2) 0 (2) (4)
’22 0 0 (1) (1) (2)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 — — — — —
’25 0 1 — — 2
’24 (1) 9 (14) 12 9
’23 0 (2) 0 (2) (4)
’22 0 0 (1) (1) (2)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 — — — — —
’25 (0.24) (0.24) — — 1.84
’24 (0.38) 0.19 (0.88) (0.12) 0.07
’23 0.06 0.21 0.02 0.26 0.56
’22 0.54 0.34 0.23 0.23 1.35
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — 9.59 9.56 9.87 10.30 0.97

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — 11.03 9.98 11.47 13.43 55.00
High Price
— — — — — 3 3 2 2 —
Employees
— — — — — 0 0 0 43 0
Revenue/Emp
— — — — — — — — 86 83
Revenue
— — — — — — — — 45.17% 41.45%
Gross Margin
— — — — — 3 16 10 14 109
EBT
— — — — — 0.00% 0.00% 0.00% 16.88% 131.37%
EBT Margin
— 0 — — — 3 15 6 14 109
Net Income
— — — — — — — — 4 7
Depreciation
— — — — — 0.00 0.00 0.00 1.76 1.60
Revenue/Sh
— — — — — 0.24 1.35 0.56 0.07 1.96
Earnings/Sh
— — — — — (0.11) (0.21) (0.37) 0.39 0.27
Cash Flow/Sh
— — — — — 0.00 0.00 0.00 (0.20) (0.23)
Capex/Sh
— — — — — (0.11) (0.21) (0.37) 0.19 0.04
Free CF/Sh
— — — — — (2.36) (1.17) (0.53) (0.63) (0.76)
Book Value/Sh
— — — — — 11 11 11 49 52
Shares
— — — — — — — — 0.00 0.00
PE Ratio
— — — — — — — — 0.00 0.00
PS Ratio
— — — — — — — — 0.00 0.00
PB Ratio
— — — — — — — — 0.00 0.00
EV/Sales
— — — — — — — — 27.15 3.87
EV/FCF
— — — — — (1) (2) (4) 19 14
Op' Cash Flow
— — — — — — — — (10) (12)
Capex
— — — — — (1) (2) (4) 9 2
FCF
— — — — — 2 0 (6) (37) (37)
Working Cap'
— — — — — — — 0 3 5
Total Debt
— — — — — (2) (1) 0 2 3
Net Debt
— — — — — (25) (13) (6) (31) (39)
Sh' Equity
— — — — — 1.47% 4.44% 2.07% 2.23% 177.77%
ROA
— — — — — 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC
— — — — — 0.00% (79.53%) (66.11%) (19.42%) (288.26%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2025

Namib Minerals peers in Gold

All 37 Gold stocks →

Namib Minerals (NAMM) key facts

  • Namib Minerals (NAMM) is a Gold company in the Basic Materials sector, listed on Nasdaq.
  • Namib Minerals' revenue for fiscal 2025 (year ended December 2025) was $82.6 million, down 3.83% from fiscal 2024.
  • As of September 25, 2026, NAMM traded at $1.15, a market capitalization of $67.0 million.
  • Return on equity was −288.3% and debt-to-equity -0.02.

Source: company filings (standardised) and stockrow calculations.

Namib Minerals (NAMM) Latest News

News by impact score

Fine-tune

21 Sep

4

Namib Minerals completed the dewatering programme at Redwing Mine, the first step of its five-step restart pathway announced July 20, 2026, ahead of the Q4 2026 target. Dewatering restores safe access to underground workings, enabling mapping, sampling and geotechnical and hydrological work feeding the Definitive Feasibility Study (DFS). The DFS programme remains fully funded and on track to finish in early Q1 2027, unchanged from the July schedule. CEO Tulani Sikwila said dewatering was the gateway to subsequent work and that step one is complete while step two is funded and underway. The roadmap also covers Step 3 (resource definition and bankability) in 2027, Step 4 (construction) on a positive DFS decision, and Step 5 (restart commissioning and phased return to production). Namib Minerals operates in Zimbabwe with assets including How Mine. Dewatering ahead of schedule strengthens execution credibility and reduces restart risk.

20 Jul

4

Namib Minerals announces development timelines and milestones for Redwing Mine with the Definitive Feasibility Study technical programme fully funded to completion. Fully funded DFS technical programme plus defined Redwing Mine milestones directly advance core project execution and de-risk future production.

7 Jul

3

Namib Minerals appoints new board members and executives to drive its next growth phase. Leadership additions target growth execution yet fall short of altering core operations or market trajectory.

2 Jun

3

Namib Minerals reports updates on operational activities including mining progress, production levels and site developments at its key assets. Operational updates signal shifts in production and costs that moderately influence financial results and near-term performance.

20 Apr

4

Namib Minerals (NAMM) reports 18% adjusted EBITDA growth in full-year 2025 results. 18% adjusted EBITDA growth highlights strong financial performance likely to boost investor confidence and stock valuation.

7 Apr

4

Namib Minerals (NAMM) advances How Mine expansion and Redwing restart. Advancing mine expansion and restarting Redwing operations signal major strategic moves to boost production capacity and revenue.

2 Apr

4

Namib Minerals (NAMM) provided a business update and reported full year 2025 results. Full year 2025 results and business update signal major financial and operational disclosures likely to alter investor sentiment and company trajectory.

18 Mar

4

Namib Minerals (NAMM) has named a new CEO. New CEO appointment signals major leadership change with potential to reshape strategic direction and boost market performance.

19 Feb

4

Namib Minerals (NAMM) has regained compliance with Nasdaq listing rules after addressing prior deficiencies. Regaining Nasdaq compliance averts delisting risk and enhances stock liquidity and investor sentiment.

12 Feb

4

Namib Minerals has initiated dewatering operations at the Redwing Mine as part of its efforts to support the restart project. This step is crucial for preparing the mine for future production activities, indicating progress in the company's operational plans. Dewatering at the Redwing Mine is a significant strategic move that could enhance production capabilities and investor confidence.

25 Jan

3

Namib Minerals (NAMM) experienced a dramatic 131% surge in intraday trading, followed by a sharp pullback. This volatility has raised questions about the company's valuation and future performance. Investors are closely monitoring the stock's movements to assess potential implications for market sentiment and operational stability. The significant intraday fluctuations indicate a moderately noticeable influence on market sentiment and investor behavior.

24 Jan

4

Namib Minerals (NAMM) has surged by 237.0% amid speculation-driven gold rally spikes, raising questions about the sustainability of this growth and the potential for a bullish outlook on the company's future. Investors are evaluating whether the recent price increase reflects a fundamental shift in market dynamics or is merely a temporary reaction to speculation in the gold sector. The significant price increase indicates a potential shift in investor sentiment and market dynamics that could alter the company's trajectory.

15 Dec

4

Namib Minerals (NAMM) has provided an operational update highlighting progress in its mining activities and exploration efforts. The company reports increased production levels and successful completion of key projects, which are expected to enhance its market position. Additionally, NAMM is focusing on sustainable practices and improving operational efficiencies to drive future growth. The update reflects a positive outlook for the company's performance in the upcoming quarters. Increased production levels and successful project completions are likely to significantly impact future performance and market sentiment.

24 Nov

3

Namib Minerals (NAMM) has provided a business update highlighting recent developments and strategic initiatives aimed at enhancing operational efficiency and market positioning. The company is focusing on optimizing its resource extraction processes and exploring new market opportunities to drive growth. Additionally, NAMM is assessing potential partnerships to expand its reach and improve its competitive edge in the mineral sector. The update indicates a moderate influence on future performance through operational improvements and market exploration.

14 Nov

4

Namib Minerals (NAMM) provided an operational update highlighting progress in its mining activities and production capabilities. The company reported increased output and efficiency improvements, which are expected to enhance its market position. Additionally, NAMM is exploring new opportunities to expand its resource base and optimize operations further. The update reflects a positive trajectory for the company as it aims to strengthen its competitive edge in the mineral sector. The operational improvements and strategic initiatives outlined are likely to significantly impact future performance and market positioning.

10 Nov

4

Namib Minerals (NAMM) has provided an operational update highlighting increased production levels and improved efficiency in its mining operations. The company reported a significant rise in output, attributed to enhanced processing techniques and equipment upgrades. Additionally, Namib Minerals is optimistic about future growth prospects, citing favorable market conditions for its mineral products. The update reflects the company's commitment to operational excellence and strategic planning aimed at maximizing shareholder value. Increased production levels and operational improvements are likely to significantly enhance future performance and investor sentiment.

15 Oct

4

Namib Minerals (NAMM) has announced a renewed partnership with WSP, which is expected to enhance its operational capabilities and market positioning. This collaboration aims to leverage WSP's expertise in environmental and engineering services, potentially leading to improved project outcomes and investor confidence. Analysts suggest that this strategic move could attract more investment and positively influence NAMM's future performance in the mining sector. The renewed partnership with WSP is likely to significantly enhance operational capabilities and investor sentiment.

9 Oct

4

Namib Minerals (NAMM) has reaffirmed and expanded its collaboration with WSP to conduct feasibility studies aimed at advancing its expansion plans. This partnership is expected to enhance the company's strategic initiatives and operational capabilities in the mineral sector. The collaboration with WSP for feasibility studies is a significant strategic move that could impact Namib Minerals' future growth and market positioning.

31 Jul

3

Namib Minerals (NAMM) has provided a corporate update detailing recent developments and strategic initiatives. The company is focused on enhancing its operational efficiency and exploring new opportunities in the mineral sector. Key highlights include updates on ongoing projects and plans for future growth, aimed at strengthening its market position and increasing shareholder value. The corporate update indicates a moderate influence on future performance through strategic initiatives and project developments.

25 Jul

3

Namib Minerals (NASDAQ:NAMM) has significant control by private companies, with 59% of shares held by The Southern SelliBen Trust. Insiders own 22%, and the company recently experienced an 18% price drop, affecting its $80 million market cap. The lack of institutional ownership suggests limited interest from fund managers, possibly due to the company's performance. Insiders hold $101 million worth of shares, indicating alignment with shareholders, but also concentrated power. The general public owns 12%, while private equity firms hold 6.4%. Overall, the ownership structure raises concerns about governance and future performance. The ownership structure and recent price drop indicate potential challenges in governance and market sentiment.

15 Jul

4

Daniel Hennessy’s Hennessy Capital Group (HCG) has successfully completed 12 SPAC transactions worth over $7 billion. Hennessy Capital Investment Corp. (HVII), a new SPAC with $190 million in trust, aims to partner with high-growth private companies in industrial tech and energy transition sectors. HCG's track record includes successful de-SPAC transactions like Namib Minerals. Hennessy has improved the SPAC model by replacing warrants with rights and implementing performance-based underwriting fees. HCG's strong private-capital connections enhance its ability to secure financing from institutional investors. HVII's strategic focus on high-growth sectors and HCG's proven track record are likely to significantly impact Namib Minerals' future performance.

10 Jul

4

Namib Minerals (NAMM) is focusing on gold and copper production as part of its strategy to invest in Africa's future. The CEO highlights the company's commitment to sustainable mining practices and the potential for significant returns in the African mining sector. With a growing demand for these metals, Namib Minerals aims to leverage its resources to enhance its market position and contribute to regional economic development. The focus on gold and copper production represents a significant strategic move that could alter the company's trajectory and investor sentiment.

5 Jun

4

Namib Minerals and Hennessy Capital Investment Corp. VI have successfully completed their business combination, marking a significant milestone for both entities. This merger is expected to enhance operational capabilities and market presence, aligning with strategic growth objectives. The closing of this deal is anticipated to create new opportunities and drive future developments for HCVI. The business combination is a major strategic move that could significantly alter HCVI's trajectory and investor sentiment.

23 Apr

3

Namib Minerals and Hennessy Capital Investment Corp. VI have announced the effectiveness of an amended registration statement and a new date for a special meeting of stockholders to approve their proposed business combination. The approval of the business combination may moderately influence HCVI's financial performance and market positioning.

17 Mar

4

Hennessy Capital Investment Corp. VI (HCVI) announced that the SEC has declared effective the registration statement for its proposed business combination with Namib Minerals and Greenstone Corporation. A special meeting for HCVI stockholders to approve the business combination is scheduled for April 7, 2025, with a record date of February 18, 2025. Upon completion, Namib Minerals' shares and warrants will trade on Nasdaq under the ticker symbols 'NAMM' and 'NAMMW.' HCVI's stockholders can exercise redemption rights until April 3, 2025. The business combination aims to position Namib Minerals as a leader in precious and critical metals production in Africa. The business combination is a significant strategic move that could alter HCVI's trajectory and investor sentiment.

9 Dec

4

Namib Minerals and Hennessy Capital Investment Corp. VI have filed a registration statement for their proposed business combination and Namib Minerals' planned Nasdaq listing. The filing of the registration statement for the proposed business combination and planned Nasdaq listing is a significant move that could alter HCVI's trajectory and investor sentiment.

1 Oct

3

Hennessy Capital Investment Corp. VI stockholders approve extension of deadline for business combination. The extension of the deadline for the business combination could moderately influence the company's future performance.

18 Jun

4

Namib Minerals, an established African gold producer, is set to become publicly traded through a business combination with Hennessy Capital Investment Corp. VI. The proposed transaction values Namib at $500 million with additional contingent shares tied to operational milestones. The business combination with Namib Minerals is expected to have a significant impact on Hennessy Capital Investment Corp. VI's future and market performance due to the potential growth opportunities and expansion plans outlined in the article.

11 Jan

3

HCVI stockholders approve extension of business combination deadline to September 30, 2024. The extension of the deadline may moderately influence the company's future business combination plans.

17 Nov

3

Institutional investors own 37% of Hennessy Capital Investment Corp. VI, with 6 investors holding a majority stake. Ownership by institutions and hedge funds could moderately influence the company's future performance.

stockrow.com/NAMM · Data as of Jun 30, 2025 · For information only; not investment advice. · © 2026 stockrow.com