Mining Intelligence and News
Zimbabwe

How Mine

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Australia

How Mine

Location: 26 km SE from Bulawayo, Zimbabwe

Address:

1345 Avenue of the Americas
New York
New York, United States
10105

Contacts:

Additional Resources for Suppliers & Investors

Categories

Summary

Mine TypeUnderground
StatusActive
Commodities
  • Gold
Mining Method
  • Sub-level stoping
Production Start... Lock
Mine Life... Lock
SnapshotThe How mine is currently generating cash flow alongside a strong history of production and one of the lowest reported production cost profiles amongst its peer group.

The How mine has a strong track record of consistently operating within budget and maintains additional identified underground resources, which may contribute to extending its mine life.

No mine operations data has been publicly available since 2020.

Owners

SourceSource
CompanyInterestOwnership
Namib Minerals 100 % Indirect
Bulawayo Mining Company (operator) 100 % Direct
Bulawayo Mining Company Ltd. owns How Mine.

In 2024, Bulawayo Mining Company Limited (BMC) shares was acquired by Namib Minerals from Metallon Corporation Limited.

Now, Namib Minerals owns and operates the producing How mine.

On June 18, 2024, Namib Minerals and Hennessy Capital Investment Corp. VI (Nasdaq: HCVI) Nasdaq listed special purpose acquisition company, have entered into a definitive business combination agreement, which is expected to be completed in the fourth quarter of 2024, subject to customary closing conditions, including regulatory and stockholder approvals. The combined public company is expected to be named “Namib Minerals” and to become Nasdaq listed company.

Contractors

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SourceSource

Deposit type

  • Hydrothermal

Summary:

How Mine is situated in the Bulawayo greenstone belt and exploits several individual mineralised zones. Orebodies are situated within a sigmoidal structure strike to the north and dips at 70° to 80° west. The pods are broadly cigar-shaped bodies comprising zones of enhanced hydrothermal alteration and gold mineralisation that plunge steeply.

Mineralisation within the orebodies consists predominantly of pyrite (>90%) with minor chalcopyrite and pyrrhotite and is associated with silicification and carbonation. Gold is found in contact with the sulphides, often in fractures, although there is also some free gold. Some silver occurs with the gold, increasing from 4% to 8% of gold as mining progresses down-dip.

Reserves

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Mining Methods

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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

No mine operations data has been publicly available from 2020 to 2022.
CommodityUnits2024202320192018201720162015
Gold oz  ....  Subscribe  ....  Subscribe25,719 39,570 40,015 50,191 52,314 
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics2023
Annual milling capacity  ....  Subscribe
Tonnes milled  ....  Subscribe

Production Costs

CommodityUnits2023201920182017
All-in sustaining costs (AISC) Gold USD  ....  Subscribe 1,123 / oz   953 / oz   828 / oz  
C1 cash costs Gold USD  ....  Subscribe 740 / oz   738 / oz   629 / oz  
All-in costs Gold USD

Mine Financials

Units202420232021201920182017
Capital expenditures (planned) M USD  ....  Subscribe
Capital expenditures M USD  ....  Subscribe
Revenue M USD  ....  Subscribe
Gross profit M USD 12.2   22.4  
Operating Income M USD 24.1  

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 25, 2024

Workforce

Total WorkforceYear
...... Subscription required 2022

Aerial view:

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