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Company ProfileNamib Minerals
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
  • Discussion
NAMM
Namib Minerals Stock AnalysisComprehensive stock analysis for Namib Minerals (NAMM) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisNAMM
NAMM
Namib Minerals
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
  • Discussion
NAMM
Home🔹Stocks🔹Namib Minerals
FRC Top Pick· Our analysts’ highest-conviction stocksSee all Top PicksAll Top Picks

Namib Minerals

FRC Coverage
🇺🇸NAMM•NASDAQ

Namib Minerals

FRC Coverage
🇺🇸NAMM•NASDAQ
Sentiment

Your view on NAMM

Sentiment
Your view
Company Overview

Overview

What the company does, where it operates, and who runs it.

*Namib Minerals has paid FRC a fee for research coverage and distribution of reports.

About Namib Minerals

Industry
Gold
Sector
Basic Materials
CEO
Tulani Sikwila
Headquarters
KY
Industry
Gold
Sector
Basic Materials
CEO
Tulani Sikwila
Headquarters
KY
Description

Namib Minerals operates as a gold producer in Africa and Democratic Republic of Congo. The company owns three gold mines (one active) in Zimbabwe, Africa. The company was incorporated in 2024 and is based in Grand Cayman, Cayman Islands.

FRC Research
Rating
Fair Value Estimate
USD$••.••
Members only

From One Mine to Three: An Emerging Gold Producer

Report · Nov 4, 2026

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FRC Research
Rating
Fair Value Estimate
USD$••.••
Members only

From One Mine to Three: An Emerging Gold Producer

Report · Nov 4, 2026

Sign in to view

FRC Research

Research Reports

FRC analyst coverage and recommendations.

Analyst Notes

Ongoing commentary and updates from FRC analysts.

Financial Data

Stock Data

Price chart, volume, and trading data.

Fair Value

What FRC thinks it is worth vs. the current price.

FRC's fair value estimate for Namib Minerals, and the rating behind it. NAMM last traded at $0.82, 0.3× trailing earnings — the estimate is read against that market price. Set by FRC's analysts in their research on the company: the current estimate, the rating, and when it was last revised. Included with a free account.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for Namib Minerals. Starting points for Namib Minerals: P/E 0.3, EPS $3.07, beta -0.06 — an Gold name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for Namib Minerals. Namib Minerals does not currently pay a regular dividend, so this section tracks capacity rather than history. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for Namib Minerals. Trailing twelve-month EPS for Namib Minerals stands at $3.07. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for Namib Minerals. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

Namib Minerals valued side by side against its closest peers. Namib Minerals is measured against Gold peers within the Basic Materials sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

Institutional Ownership

Which funds and firms own the stock.

Which institutions hold Namib Minerals, and how their positions are changing. At a $45.9M market value, institutional positions materially move Namib Minerals's register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings.

Insider Trading

Recent buying and selling by company executives.

Buying and selling by Namib Minerals executives and directors. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned.

News

Latest headlines and market coverage.

Latest headlines and company announcements for Namib Minerals. Coverage tracks Namib Minerals within Gold (Basic Materials). Press releases and market coverage, newest first.

Discussion

Comments

Comments and replies from FRC members about this company.

No comments yet

Be the first to ask a question or say what you make of Namib Minerals.

Peer companies

  • ATLXAtlas Lithium Corporation
  • FEAM5E Advanced Materials Inc.
  • FURYFury Gold Mines Limited
  • GOROGold Resource Corporation
  • GROBrazil Potash Corp.
  • LOOPLoop Industries, Inc.
  • NEXMNexMetals Mining Corp.

More Gold companies

  • LAT.AXLatitude 66 Limited
  • LCKYFGolden Sky Minerals Corp.
  • LECBFLepanto Consolidated Mining Company
  • LGC.VLavras Gold Corp.
  • LGCFFLavras Gold Corp.
  • LGD.TOLiberty Gold Corp.
  • LGDTFLiberty Gold Corp.
  • LIO.VLion One Metals Limited
  • LKAILKA Gold Incorporated
  • LME.VLaurion Mineral Exploration Inc.
  • LMEFFLaurion Mineral Exploration Inc.
  • LNCLFLincoln Gold Mining Inc.

ETFs holding Namib Minerals

Largest holders, then the funds most concentrated in NAMM · % = share of the fund

  • IWCiShares Micro-Cap ETF0.00%

Research Reports

1 report

*Namib Minerals has paid FRC a fee for research coverage and distribution of reports.

Nov 4, 2026

From One Mine to Three: An Emerging Gold Producer

Namib Minerals Ordinary Shares operates three Zimbabwe gold mines with 7.2 Moz combined resources, one active and two advancing from care

Thumbnail for From One Mine to Three: An Emerging Gold Producer
1 note

*Namib Minerals has paid FRC a fee for research coverage and distribution of reports.

Apr 13, 2026· 7 months agoLatest

Company announcement

Commencing due diligence; strong catalysts ahead, trading at a steep discount (All figures in US$)

FRC Analyst's Comment

We have initiated due diligence on NAMM, and expect to launch coverage in the coming weeks. The company holds a diversified portfolio of mining assets, including three gold projects in Zimbabwe, and 13 exploration licenses prospective for copper and cobalt in the Democratic Republic of the Congo. This provides diversification across geography, commodity exposure, and project stage.

NAMM’s gold portfolio consists of one producing asset, the How Mine (HM), and two restart projects, Mazowe (MM) and Redwing (RM), both historic producers. In 2025, HM produced 25 koz of gold, at a cash cost of $1,653/oz, implying strong margins at current spot prices ($4,750/oz), and generated $83M in revenue, and $46M in operating profit. Collectively, the three gold assets host 4 Moz in resources, which we note places the portfolio at the higher end of junior gold producers.

We believe the company is supported by several near and medium term catalysts:

(a)   potential production growth at HM, with 2026 guidance from the company implying ~19% YoY growth;

(b)   potential upside from the restart of MM & RM over the next two to three years; and

(c)   longer-term potential exploration upside from its copper-cobalt assets in the DRC.

From a valuation perspective, we note that NAAM is trading at 0.85x forward revenue vs a sector average of 1.65x, a 49% discount. On a comparable basis, the company screens as one of the most undervalued junior gold producers.

Source: FRC and S&P Capital IQ

NAAM is a relatively new public company, having listed on the NASDAQ in June 2025. We believe the market has yet to fully recognize the quality of its asset base, and the significance of its upcoming catalysts. Our initiation report will include a detailed valuation, supported by revenue and EPS projections.

News

Latest Market News