Namib Minerals (NAMM) Form 6-K — Sep 30, 2026
Namib Minerals (NASDAQ: NAMM) reported H1 2026 revenue of $50.8M, up 40% year-over-year, driven by a 48% higher realized gold price of $4,195/oz, while narrowing its net loss to $4.8M from $11.9M. Adjusted EBITDA doubled to $19.0M and operating cash flow rose 61% to $9.3M, though AISC climbed to $3,078/oz as grade fell from 1.9 to 1.7 g/t. Separately, subsidiary Bulawayo Mining Company secured a non-dilutive $6.5M term loan from BancABC, consolidated into a single $13.218M facility, earmarked to fund Redwing Mine restart Step 3 (resource definition drilling and advancing the DFS to bankability).
Key figures
- Revenue
- 50836000
- Debt Amount
- 6500000
- Revenue Yoy
- 40%
- Cash Position
- 1754000
- Interest Rate
- 0
- Aisc per oz
- 3078
- Gross profit
- $26.99M (+101%)
- C1 cost per oz
- 1576
- Adjusted ebitda
- $19.0M vs $10.8M prior year
- Gold ounces sold
- 11357
- Current liabilities
- $63.3M
- Operating cash flow
- $9.29M (+61%)
- Ecobank asset finance loan
- $5.0M (36-month tenor, matures May 31, 2029)
- Earnout liability fair value
- $18.4M
- Warrant liability fair value
- $4.08M
- Net realized gold price per oz
- 4195
- Consolidated facility principal
- $13,218,000
AI analysis
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