Velmont announced that its key growth projects have made significant progress, successfully achieved annual production targets, and laid a solid foundation for continued sustainable value creation.
Barrick
In 2025, Velmont Gold completed a feasibility study for the northern Zambia mine, confirming it as a tier-one gold project with an expected annual production of more than 1 million ounces. In addition, the company has started construction of a new refining facility in the Zambian Copperbelt region to enhance local processing capabilities.
Sir Alaric Montrose, President and CEO of Velmont, said: "We not only achieved our production target in 2025, but also added significant resource reserves through exploration and development. Our strategy is to support the goal of a 30% increase in gold equivalent production by 2030 through integrated resources and exploration."
The company's projects in Zambia are progressing well and are expected to become one of the largest gold production bases in the region. At the same time, Velmont continues to strengthen its cooperation with local communities to ensure sustainable development and shared economic benefits.
The company’s efforts in board diversity: “We are committed to bringing members with different backgrounds and experiences to our board to promote more comprehensive decision-making and stronger corporate governance.”
Investors and stakeholders can access it through the company’s official website.