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Osino Resources is a Canadian gold exploration and development company focused on the fast-tracked development of its wholly-owned Twin Hills Gold Project in central Namibia. Osino is preparing to dual list on the Namibian Stock Exchange (NSX).
Osino Resources is a Canadian gold exploration and development company focused on the fast-tracked development of its wholly-owned Twin Hills Gold Project in central Namibia. Osino is preparing to dual list on the Namibian Stock Exchange (NSX). Unlike many other Namibian dual listings, the Osino listing is effectively a listing of exclusively Namibian assets, with a Namibian founder, where initial exploration capital was raised in Canada.
Now that Osino’s primary asset is fast advancing to become a mine, the NSX listing provides an opportunity for Namibians to become shareholders in the project from an early, but highly de-risked phase. Based on the results of its definitive feasibility study (DFS) released in June, Osino is required to invest N$6.8 billion US$365 million into the development of its Twin Hills mining project.
The company anticipates the mine to begin production in early 2026. The mine, with a projected lifespan of 13 years and a designed processing capacity of five million tonnes per annum, is expected to yield a Net Present Value (NPV) of US$742 million pre-tax at a US$1750/oz gold price, and US$480 million post-tax at the same gold price.
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Osino Resources has received provisional confirmation from the Ministry of Mines and Energy for a 20-year mining license for its Twin Hills gold project. It anticipates providing employment for approximately 750 individuals at the mine. The listing follows another miner, Andrada Mining secondary listing on the NSX in March 2022.
