Namibia is a significant gold producer in Africa, with several active and developing gold mines. Here are some of the new and notable gold mining projects in Namibia:
1. Navachab Gold Mine (Expansion)
– Location: Near Karibib
– Operator: QKR Corporation (acquired from AngloGold Ashanti)
– Status: Operational but undergoing expansion to extend mine life.
– Details: One of Namibia’s largest gold mines, producing ~50,000 oz/year.
2. Otjikoto Gold Mine (B2Gold)
– Location: Near Otavi
– Operator: B2Gold Corp.
– Status: Operational since 2015, but nearing the end of its primary ore body.
– Details: Produced ~170,000 oz in 2023; exploring satellite deposits like *Antelope* to extend production.
3. Twin Hills Gold Project (Osino Resources)
– Location: Near Karibib
– Operator: Osino Resources (recently acquired by Yintai Gold)
– Status: Under development (planned production by 2025).
– Details: Expected to produce ~169,000 oz/year over 10+ years.
4. Ondundu Gold Project
– Location: Central Namibia
– Operator: Osino Resources (now Yintai)
– Status: Exploration stage with potential for development.
5. Eureka Gold Project
– Location: Near Otjikoto
– Operator: Trigon Metals
– Status: Early-stage exploration with promising drill results.
6. Erongo Gold Project
– Location: Erongo Region
– Operator: Various junior miners (e.g., Bannerman Energy, Deep Yellow Ltd.)
– Status: Exploration ongoing for gold and uranium.
7. New Exploration Licenses (Recent Developments)
– Several junior mining companies have secured exploration licenses in Namibia’s prospective gold belts, including:
– *Namibia Critical als*
– *Xcel Mining*
– *Elevate Uranium* (gold-uranium targets).
Key Takeaway:
Namibia’s gold sector is growing, with new projects like Twin Hills set to boost production. The country remains attractive due to its stable mining policies