Mining sector outlook stays cautiously optimistic

Staff Writer

Namibia’s mining sector outlook stays cautiously optimistic, driven by high global prices for uranium, gold and ongoing development of multiple projects.

Nonetheless, increased costs, mainly due to rising fuel prices, are impacting operations by elevating expenses in mining operations and transport, according to the Chamber of Mines of Namibia

Gold prices eased slightly in May, down 3% month-on-month. This suggests a modest short-term correction following the strong gains recorded in previous months.