Namibia’s gold producers B2Gold Namibia and QKR Namibia Navachab Gold Mine were the biggest drivers of mining tax payments in 2025.
According to the Chamber of Mines, gold mine performance was the main reason total sector taxes surged 39% from to N$7.805 billion, while corporate income tax increased to N$4.662 billion, up 55% from N$3.008 billion the year before.
B2Gold paid N$3.16 billion, while Navachab contributed N$1.063 billion.
The Chamber specifically attributed the rise in corporate tax to the “strong financial performance of gold mining operations, particularly B2Gold and the Navachab Gold Mine,” making them the clearest indication of which companies paid the largest share of profit-based taxes in 2025.
This came as international gold prices jumped about 44% during 2025, rising from around US$2,709 per ounce in January to more than US$4,300 per ounce in December, sharply boosting margins for Namibia’s gold producers.
Although uranium output rose 20.8%, uranium prices were softer on average, while diamond production and prices both declined, reducing their relative contribution to company tax compared to gold.
B2Gold operates the B2Gold Corp. Otjikoto Gold Mine, one of Namibia’s largest gold producers, while QKR Namibia Navachab Gold Mine operates the long-running Navachab Gold Mine near Karibib.
The Chamber’s figures suggest that while royalties are paid across commodities, the biggest jump in 2025 government revenue came from profitable gold operations, positioning B2Gold and Navachab as the likely top tax contributors among miners last year.
Royalties paid by the sector reached N$2.458 billion, while export levies totalled N$685 million.
Mining remained one of Namibia’s largest economic pillars in 2025, contributing 14% of GDP and generating N$64.178 billion in turnover.
