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...
Osino Resources Corp (Osino) says limitations of the Namibian domestic market in securing funding from local institutions were a key factor in seeking external financing for the development of its Twin Hills project. This comes as the gold exploration company is close to finalising its acquisition by Chinese company Yintai Gold Co in a N$5.3...
China-based Yintai Gold is set to acquire Canadian gold exploration firm Osino Resources in an all-cash deal for N$5.3 billion. In essence, Osino will end its N$4 billion deal with Canadian gold miner Dundee Precious Metals, which was announced in December, and Yintai Gold also will pay a N$140 million termination fee for the deal,...
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...
Osino Resources Corp (Osino) says it has received a compelling proposal from an unnamed foreign mining company, surpassing Dundee Precious Metals’ offer by over N$1 billion. Under the new proposal, Osino shareholders would receive C$1.90 for each common share, valuing the company at approximately N$5 billion (C$368 million). The development comes in the wake of...
…Osino says it’s a superior offer to the N$4 billion which was offered by Dundee Precious Metals Osino Resources Corp. has announced that it has received a proposal from a foreign-based mining company for the acquisition of all of the issued and outstanding common shares of the Company and all of the issued and outstanding...
Canadian gold exploration and development company Osino Resources is expected to invest an estimated N$634 million in the Namibian economy through its Twin Hills gold project. Osino announced an acquisition agreement with Dundee Precious Metals last year. The mine is expected to start production towards the end of 2025 or the beginning of 2026, producing...
Canadian company Osino Resources Corp. wants to construct a dam on the Khan River to secure water supplies for its Twin Hills gold project. The dam will address water scarcity concerns in the Central Areas Network of Namibia, where the Twin Hills gold project is located. According to miningandenergy.com.na, Osino has submitted an application for...
Osino Gold Exploration and Mining (Osino) has proposed the construction of a Surface Water and Sand Storage Dam on the Khan River in a bid to secure water supply for its Twin Hills Gold Project. The dam project aims to address water scarcity concerns in the Central Areas Network of Namibia where the Twin Hills...
