Gold mines rake in over N$20bn

Namibia's two operating gold mines generated more than N$20.2 billion in combined turnover in 2025, paying over N$4.2 billion in direct tax and royalty payments while supporting more than 2 200 permanent jobs, underscoring gold's growing role in cushioning the country from weaker diamond markets.Together, Otjikoto and Navachab produced more than 10,260 kilograms of gold bullion during the year, with strong international prices helping to lift revenues, profitability and government receipts.The Chamber of Mines said gold output rose 1.9% in 2025, with record prices surpassing US$4 400 per ounce towards year-end significantly boosting export values.B2Gold's OtjikotoB2Gold Otjikoto Mine, Namibia's largest gold producer, delivered 6 193 kilograms of gold bullion, approximately 199,000 ounces, near the upper end of its production guidance for the year.The mine posted N$12 billion in turnover and N$4.6 billion in profit. Otjikoto paid N$3.1 billion in corporate tax, N$325 million in royalties and N$123.9 million in export levies.At year-end, the mine employed 399 permanent staff, 56 temporary workers, 312 contractors and 7 expatriates.Otjikoto spent N$2.67 billion on procurement, of which N$1.4 billion went to local suppliers. The mine also invested N$32.4 million in corporate social responsibility programmes and N$11.9 million in training and skills development.QKR NavachabOver in Karibib in the Erongo Region, QKR Namibia's Navachab Gold Mine recorded its highest annual output on record in 2025, producing 4 067 kilograms of gold, up 4% from 2024. Underground mining commenced in November 2025 as the operation advances plans to extend mine life to 2045.Navachab generated N$8 billion in turnover and N$1.67 billion in profit. The mine paid N$1.06 billion in corporate tax and N$224.6 million in royalties.At year-end, Navachab employed 1 279 permanent workers, 173 temporary employees, 454 contractors and 15 expatriates.The mine spent N$2.6 billion on procurement, of which N$2.1 billion was directed to local suppliers. It also allocated N$41.6 million to corporate social responsibility programmes and N$18.3 million to training and skills development.

Gold mines rake in over N$20bn

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Republikein 2026-05-07

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Gold mines rake in over N$20bn

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Republikein 2026-05-07

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