Osino Resources Corp (Osino) says its shareholders are scheduled to vote on the company’s sale to Chinese mining company, Yintai Gold, in a cash deal valued at N$5.3 billion. The transaction is expected to close in the first half of 2024. The announcement by the gold exploration company comes as representatives from Yintai Gold were...
The Zimbabwe men’s cricket team, also known as the Chevrons, sealed gold following a resounding victory over Namibia by eight wickets in the final at the African Games in Ghana on Saturday. Opting to bat first after winning the toss, Namibia faced an early setback with the quick dismissal of Nikolaas Davin for a mere...
Antler Gold has expanded its landholding in Namibia. Two additional exploration licenses have been awarded to Antler by the Ministry of Mines and Energy of Namibia, pending issuance of environmental clearance, as well as the renewal of Exclusive Prospecting Licenses EPL-8010 and EPL-6408 (Erongo Central Gold Project). Two newly-awarded licenses, EPL-9134 and EPL-9135, expand the...
Guest nation Morocco have claimed the Cosafa Beach Soccer Championship crown after they edged Mozambique 4-3 on penalties following a thrilling 4-4 draw in final played at Durban’s South Beach Arena on Saturday. Mozambique had been seconds from claiming the win in ordinary time, but a goal from Morocco goalkeeper Yassir Abada to take the...
Martin Endjala Katoro Gold Plc announced that it is withdrawing from investment projects in Namibia and South Africa, due to unfavourable local ownership limitations and a strategic shift towards higher-value ventures. Given the challenges encountered in obtaining evidence of ownership title for the Namibian project, Katoro Gold Plc’s Chief Executive Officer, Louis Coetzee said they...
Katoro Gold Plc says it is withdrawing from projects in Namibia and South Africa, citing unfavourable local ownership limitations and a strategic shift towards higher-value ventures. “Given the challenges encountered in obtaining evidence of ownership title for the Namibian project, we have determined it prudent to cease further investment in this venture,” Katoro Gold CEO...
Lindsey Horan scored the only goal as the United States defeated Brazil 1-0 on Sunday to win the Concacaf Women’s Gold Cup in California. US skipper Horan headed home in first-half injury time at San Diego’s Snapdragon Stadium to settle a largely lacklustre finale to the 12-team tournament. “I’m very very proud of the team...
Staff Reporter IN the fourth quarter (Q4) of 2023, B2Gold’s Otjikoto Mine set a new production record, yielding an impressive 81,111 ounces of gold. According to the Chamber of Mines, the Otjikoto Mine demonstrated outstanding performance in 2023, producing a total of 208,598 ounces of gold for the full year. This achievement aligns closely with...
Chinese company Yintai Gold Co Ltd is set to acquire Osino Resources Corp. in a N$7 billion cash deal. Yintai, which trades on the Shenzhen Stock Exchange, has a market cap of N$108 billion (US$5.6 billion). As part of the deal, Yintai Gold has offered an immediate cash infusion for Osino of N$193 million (US$10...
B2Gold’s Otjikoto Mine in Namibia, in which the Company holds a 90% interest, had a strong finish to 2023 and produced an annual record of 208,598 ounces of gold, at the upper end of the guidance range of 190,000 to 210,000 ounces, mainly due to improved processed grade as a result of higher-grade ore mined...