Construction begins at Twin Hills gold project

The construction phase of Osino Resources’ Twin Hills project is now underway, with bulk earthworks and civil works having started, the mining company has confirmed.

Osino said contractors are on site and that health, safety and security measures have been implemented as the project moves forward.

Construction of the mine, which was initially expected to begin in the fourth quarter of 2025 and take about two years, is now in progress.

Once operational, Twin Hills will be among Namibia’s largest gold mines, with capacity to process five million tonnes of ore annually.

According to the company, a 2023 definitive feasibility study outlines a 13-year open-pit operation with proven and probable reserves of 2.94 million ounces.

Average annual production is projected at 160,000 ounces of gold at an all-in sustaining cost of around US$1,000 per ounce.

The project follows the acquisition of Osino Resources by Shanjin International Gold Co., Ltd., formerly Yintai Gold, in a C$368 million transaction finalised on 29 August 2024. The deal was cleared by regulators, including the Namibian Competition Commission.

Shanjin International, one of China’s five largest gold producers, produces 10 tonnes of gold and 190 tonnes of silver annually from four gold mines and one silver mine. Twin Hills is the company’s first African operation and its sixth mine globally.

The Twin Hills project spans 11 exclusive prospecting licences covering 153,206 hectares in the Erongo Region.