Namib Minerals management commentary says H1 2026 revenue rises to $50.84 million on higher realized gold price
Bitget2026/09/30 21:23- Namib Minerals management commentary flagged higher gold prices as the main driver, lifting six-month revenue to USD 50.84 million from USD 36.38 million.
- Net realized price rose to USD 4,195/oz from USD 2,827/oz, offsetting lower grade and slightly lower gold sales volumes.
- Production costs fell to USD 17.90 million from USD 18.46 million, cutting costs to about 35% of revenue from 51%.
- Operating profit swung to USD 2.19 million from a USD 7.40 million loss, helped by lower administrative expenses.
- Loss for the period narrowed to USD 4.83 million from USD 11.90 million, reflecting non-cash fair-value losses on earnout and warrants.
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