Namib Minerals has begun dewatering operations at its Redwing Mine in Zimbabwe, a critical first step toward restarting the underground gold asset.
The dewatering commenced on January 29 2026 and aligns with the enabling‑works schedule outlined in the company’s November 2025 business update. The milestone opens the way for feasibility studies, underground condition assessments and detailed engineering evaluations that are required to move the restart forward.
Redwing’s restart is central to Namib Minerals’ strategy to transition from a single‑mine operator to a multi‑asset, mid‑tier gold producer. The mine has an estimated 2.5 million ounces of gold resources and is projected to produce about 300,000 ounces annually once restarted, compared with How Mine’s 24,000‑25,000 ounces in 2025.
CEO Ibrahima Sory Tall said the dewatering is progressing as planned and represents an important milestone. He added that the company is focused on building a mid‑tier producer and that Redwing’s restart is a key step toward that goal. The November 2025 update highlighted disciplined restart of Mazowe and Redwing, engagement of WSP for comprehensive feasibility studies, and capacity expansion at How Mine.
The restart aligns with a $300‑$400 million expansion program, with significant funding earmarked for Redwing. Namib Minerals is exploring strategic partnerships and debt financing to minimize dilution. Zimbabwe’s supportive mining policy, including the reversal of gold royalty increases, provides a favorable backdrop. The dewatering milestone has already generated a positive market reaction, reflecting investor confidence in the company’s execution and the potential to boost production and reserves.
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