🇿🇼 Namib Minerals to Restart Mothballed Zimbabwe Gold Mine with $300M Plan
Namib Minerals has announced plans to restart operations at its long‑dormant Redwing gold mine in Zimbabwe as part of a broader $300 million investment — a sign of renewed confidence in the country’s gold sector heading into 2026.
• 💰 $300 M investment: Namib Minerals will invest in restarting the Redwing gold mine, with operations expected to resume in February 2026 following rehabilitation and development work.
• 🪙 Large resource base: Redwing holds an estimated 2.5 million ounces of gold resources — one of the largest in the company’s Zimbabwe portfolio, which also includes the producing How mine and Mazowe assets.
• 🔄 Production ramp‑up: The company aims for ~300,000 oz annual production from Redwing alone once fully operational, with plans to explore and potentially expand resources further.
• 📈 Market context: Restarting dormant gold mines reflects strong global gold prices and improving economic conditions that make previously marginal projects viable again.
Reviving mothballed mines demonstrates how sustained high gold prices and strategic investment can unlock value in under‑utilized assets — while adding supply and jobs in emerging mining regions.
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