{"id":116311,"date":"2026-04-08T19:24:49","date_gmt":"2026-04-08T17:24:49","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/us17m-capex-to-power-how-gold-mine-growth-in-2026"},"modified":"2026-04-08T21:48:15","modified_gmt":"2026-04-08T19:48:15","slug":"us17m-capex-to-power-how-gold-mine-growth-in-2026","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/us17m-capex-to-power-how-gold-mine-growth-in-2026","title":{"rendered":"US$17m capex to power How Gold Mine growth in 2026"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>CAYMAN Islands-based miner, Namib Minerals, anticipates incurring sustaining and expanding capital expenditures of US$17 million for its flagship How Gold Mine this year, as it expects to increase production by 12% to 26%.<\/p>\n<p>The mine produced 25 000 ounces of gold during the miner\u2019s financial year ended December 31, 2025, with the firm targeting between 28 000 and 31 500 ounces this year.<\/p>\n<p>How Gold Mine is a high-grade, underground gold mine with a strong track record of operations, having produced an aggregate of approximately 1,84 million ounces of gold from 1941 through December 31, 2025.<\/p>\n<p>The mine\u2019s measured mineral resource estimate was 583 000, indicated (463 000), and inferred (2,17 million).<\/p>\n<p>\u201cThe company anticipates incurring sustaining and expanding capital expenditures in an aggregate amount of approximately US$17 million at the How Mine for the year ended December 31, 2026,\u201d Namib revealed in a statement covering its 2025 financial period.<\/p>\n<p>\u201cThese amounts are anticipated to relate to, among other purposes, underground and surface equipment<\/p>\n<p>as well as vehicles.\u201d<\/p>\n<p>Namib ended the review period with cash and cash equivalents of US$1,9 million, with borrowing and increased cash flow from surging gold prices expected to fund its capex.<\/p>\n<p>\u201cWe may borrow money to finance future capital expenditures or for other uses,\u201d the miner said.<\/p>\n<p>The company cautioned that borrowing may increase leverage and constrain cash flow for operational and corporate needs.<\/p>\n<p>According to Namib, net cash provided by operating activities was US$13,8 million after interest and tax last year from revenue of US$82,59 million due to How Gold Mine.<\/p>\n<p>This was a decrease of 4% from Namib\u2019s US$85,9 million revenue generated in 2024, as last year saw a 33% reduction in gold grade at HGM.<\/p>\n<p>\u201cFor 2026, at How Mine, our focus is clear: maintain operational consistency, improve throughput, stabilise gold production, and continue disciplined cost management,\u201d Namib said.<\/p>\n<p>How Gold Mine remains Namib\u2019s sole revenue generator, while efforts continue to restart production at its Mazowe and Redwing Gold Mines, projects estimated to cost US$300 million \u2013 US$400 million.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Zimbabwe<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. CAYMAN Islands-based miner, Namib Minerals, anticipates incurring sustaining and expanding capital expenditures of US$17 million for its flagship How Gold Mine this year, as it expects to increase production by 12% to 26%. The mine produced 25 000 ounces of gold during the miner\u2019s financial year ended December 31, 2025, with the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":116310,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[19],"class_list":["post-116311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-zimbabwe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US$17m capex to power How Gold Mine growth in 2026 - zimbabwe<\/title>\n<meta name=\"description\" content=\"CAYMAN Islands-based miner, Namib Minerals, anticipates incurring sustaining and expanding capital expenditures of US$17 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/us17m-capex-to-power-how-gold-mine-growth-in-2026\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US$17m capex to power How Gold Mine growth in 2026\" \/>\n<meta property=\"og:description\" content=\"CAYMAN Islands-based miner, Namib Minerals, anticipates incurring sustaining and expanding capital expenditures of US$17 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/us17m-capex-to-power-how-gold-mine-growth-in-2026\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-08T17:24:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-08T19:48:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/04\/sm_1775677471.830789.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"403\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/us17m-capex-to-power-how-gold-mine-growth-in-2026#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/us17m-capex-to-power-how-gold-mine-growth-in-2026\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"US$17m capex to power How Gold Mine growth in 2026\",\"datePublished\":\"2026-04-08T17:24:49+00:00\",\"dateModified\":\"2026-04-08T19:48:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/us17m-capex-to-power-how-gold-mine-growth-in-2026\"},\"wordCount\":336,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/us17m-capex-to-power-how-gold-mine-growth-in-2026#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/04\/sm_1775677471.830789.jpg\",\"keywords\":[\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/us17m-capex-to-power-how-gold-mine-growth-in-2026#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/us17m-capex-to-power-how-gold-mine-growth-in-2026\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/us17m-capex-to-power-how-gold-mine-growth-in-2026\",\"name\":\"US$17m capex to power How Gold Mine growth in 2026 - 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