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CHAMWE KAIRA Paladin Energy has revised its 2025 production guidance at Langer Heinrich Mine to 3 to 3.6 million pounds (previously 4 to 4.5 million pounds). The company said the revision was as a result of the lower-than-expected production results for October and ongoing challenges and operational variability experienced to date in ramping up production at the Langer Heinrich Mine. Paladin noted that the increased range of potential production outcomes will have a material impact on the company’s unit operating costs and the realised price for uranium sales and forecast capital expenditure will be reassessed given the LHM operational performance…

CHAMWE KAIRA Namibia’s inflation rate is expected to remain relatively stable, bolstered by the Ministry of Mines and Energy’s recent decision to maintain fuel prices through November, Simonis Storm has observed. Petrol will remain at N$20.25 per litre, while diesel 50ppm and 10ppm are set at N$19.72 and N$19.82 per litre, respectively. “By holding fuel prices steady, the ministry aims to curb inflationary pressures, particularly within the transport sector—a significant inflation driver earlier in the year. This stabilisation of fuel costs contributes to a more predictable inflationary environment, yet several underlying risks persist,” Simonis said. Despite the positive impact of…

CHAMWE KAIRA B2Gold has said the Otjikoto Mine, in which the company holds a 90% interest, has continued to outperform during the third quarter of this year, producing 52 131 ounces of gold. The production was above expectations and this was as a result of higher than anticipated mill feed grade and higher than expected mill throughput. For the third quarter, mill feed grade was 1.88 grams per tonne, mill throughput was 0.87 million per tonne, and gold recovery averaged 98.8%. Ore production from the Wolfshag underground mine for the third quarter of 2024 averaged over 1 800 tonnes per…

CHAMWE KAIRA Alpha Namibia Industries Renewable Power Limited (ANIREP) is expected to approve new board members during the Annual General Meeting (AGM) of its shareholders that will be held on 29 November. The meeting is also expected to resolve that no dividend is declared for the year ended 29 February, according to a notice on the Namibian Stock Exchange. The meeting is expected to accept the retirements of Sphiwe Mayinga, non-executive director, James Nyandoro as executive director and Denis Maxiwell as a member of the investment committee. The meeting is also expected to re-appoint Dr. Mac Hengari and Ambassador Philemon…

In October, Namibia experienced its highest issuance of government debt securities for any month of the 2024/25 financial year thus far, totalling N$2.2 billion, according to the Bank of Namibia’s updated borrowing plan. However, despite this significant issuance, the country’s total government debt saw a net increase of only N$956 million, largely due to the redemption of the GC24 bond. The month-on month growth in government debt was 0.8% This was lower than the 1.73% increase recorded in September, despite the conduct of three bond auctions and five treasury bill auctions, which is more than typical for a month. By…

CHAMWE KAIRA Trustco is in the process of completing the US regulatory requirements to list on the Nasdaq Stock Market, the company announced. Both the JSE and NSX have been notified of the company’s intention to move the primary listing to a direct listing on Nasdaq, in terms of their relevant listing requirements. “The company intends to maintain secondary listings on the JSE and NSX. No action is required from shareholders at this time. Trustco has been publicly trading on the NSX for 18 years, and on the JSE for 15 years,” the company said. In terms of Section 18.26…