Osino Resources
Osino Resources is a Namibia-focused gold exploration and development company, wholly owned by Shanjin International Gold since August 2024. It is fast-tracking the Twin Hills open-pit gold project (2.94 Moz reserves, ~162,000 oz/year DFS) into construction, with a supporting Ondundu satellite and ~8,000 km² of Damara Belt exploration tenements.
- Company typePrivate
- Founded2016
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Osino Resources does
Osino Resources is a Namibia-focused gold exploration and development company that operates as a wholly owned subsidiary of Shanjin International Gold Co., Ltd. (formerly Yintai Gold) following an August 2024 C$368 million all-cash take-private. The company's flagship asset is the Twin Hills Gold Project, a development-stage open-pit mine in the Erongo region of central Namibia (approximately 150 km north-west of Windhoek, near Karibib) for which a Definitive Feasibility Study published in June 2023 defined 2.94 Moz of reserves, a 13-year mine life, average annual production of ~162,000 ounces, and an all-in sustaining cost of approximately US$1,000/oz. The DFS supports a US$742M pre-tax NPV at a US$1,750/oz gold price assumption, a 34% IRR, and a 2.2-year payback. Construction of Twin Hills is underway (bulk earthworks and civil works commenced in 2025) under the parent company's capital backing.
The underlying technology is a conventional 3-stage crushing and ball-mill comminution circuit feeding gravity concentration, pre-oxidation, and carbon-in-leach (CIL) cyanide leaching, with cyanide detoxification and filtered tailings; nameplate capacity is 5.0 Mtpa at ~650 tph. Osino's competitive differentiation sits upstream in exploration rather than processing: it pioneered a proprietary calcrete sampling technique in Namibia that led directly to the 2019 Twin Hills grassroots discovery, and it applies a portfolio orogenic-gold targeting model across the Damara sedimentary mineral belt. The portfolio comprises three core assets — Twin Hills (flagship), Ondundu (acquired from B2Gold in July 2022, 0.9 Moz inferred), and a Namibia Regional Exploration package of ~8,000 km² across 25 EPLs.
Osino is pre-revenue and generates no operating revenue; economics depend entirely on bringing Twin Hills into production and selling refined gold to off-takers (not yet publicly disclosed) under standard bullion agreements. The prior business model was enterprise field sales to institutional investors and strategic acquirers in the gold sector, with the company historically listed on TSX-V, OTCQB, the Frankfurt Stock Exchange, and the Namibian Stock Exchange. Customers for the future production stream are gold off-takers, while the regulatory and community counterparties are the Namibian government and the host communities of Karibib and Omaruru, supported by a Twin Hills Trust. Twin Hills is projected to create ~1,000 construction jobs and ~800 operations jobs. The company is led by CEO Junxin Wang, CFO Bo Gao, Country Director Werner Schuckmann, and Project Director Jon Kock.
Osino Resources firmographics
Firmographics- Name
- Osino Resources
- Legal name
- Osino Gold Exploration and Mining (Pty) Ltd
- Website
- https://osinoresources.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Osino Resources is a Namibia-focused gold exploration and development company, wholly owned by Shanjin International Gold since August 2024. It is fast-tracking the Twin Hills open-pit gold project (2.94 Moz reserves, ~162,000 oz/year DFS) into construction, with a supporting Ondundu satellite and ~8,000 km² of Damara Belt exploration tenements.
- Ownership category
- akta.pro rank
Osino Resources industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222), Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Osino Resources is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Osino Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Others
Revenue model
- Gold Production Revenue: Once the Twin Hills Gold Project reaches production (targeted 2025 construction start, 13-year mine life), revenue will be generated from the sale of refined gold produced at an average annual rate of approximately 162,000 oz/year at an AISC of approximately US$1,000/oz.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Osino Resources product offering
Product offeringCore offering
Osino Resources is a pre-production gold exploration and development company focused on advancing its flagship Twin Hills Gold Project in Namibia toward construction and production. The company holds a district-scale portfolio across the Damara Belt, including the Twin Hills flagship (2.94 Moz reserves, 13-year mine life, ~162,000 oz/year projected production), the Ondundu Gold Project (0.9 Moz inferred), and an 8,000 km² regional exploration acreage. Osino operates as a wholly-owned subsidiary of Shanjin International Gold Co., Ltd. following the August 2024 acquisition.
Product overview
Osino Resources is a gold exploration and development company with a focused portfolio of three main assets: the flagship Twin Hills Gold Project (development-stage open-pit mine with 2.94Moz reserves), the Ondundu Gold Project (exploration-stage with 0.9Moz inferred resources), and Namibia Regional Exploration (an 8,000km² exploration acreage). The company operates as a wholly-owned subsidiary of Shanjin International Gold Co., Ltd. following the August 2024 acquisition. Osino does not offer software products, APIs, or technology platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- Twin Hills Gold Project Osino's flagship development-stage open-pit gold project located in Namibia's Erongo region, approximately 150 km northwest of Windhoek. Based on 2.94 Moz reserves with a 13-year mine life and average annual production of ~162,000 oz at AISC of approximately US$1,000/oz. DFS (June 2023) shows US$742M pre-tax NPV at US$1,750/oz and 34% IRR.
- Ondundu Gold Project A 100%-owned gold exploration project located approximately 130 km northwest of Twin Hills in Namibia. Maiden MRE comprises 26 Mt at 1.13 g/t Au for 0.9 Moz of inferred gold resources. Metallurgical testwork suggests Ondundu ore could be processed at Twin Hills via gravity concentration.
- Namibia Regional Exploration An extensive exploration portfolio covering approximately 8,000 km² across Namibia's Damara sedimentary mineral belt, including the Karibib District, Otjiwarongo, Sandveld, and Otjikoto East project areas. Osino holds 25 EPLs with 19 EPLs (~6,500 km²) covering regional exploration outside Twin Hills.
Quantifiable outcome
- US$742M pre-tax NPV at US$1,750/oz gold price (DFS June 2023)
- +3 more outcomes
Companies that use Osino Resources
Customer profileSegments2 records
Ideal customer profiles2 records
Osino Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Osino Resources partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- B2Gold Corp.supportingOsino completed the acquisition of the Ondundu Gold Project from B2Gold on 21 July 2022. Ondundu is a 100%-owned gold project located ~130 km northwest of Twin Hills, with a maiden MRE of 0.9 Moz Inferred gold resource. Osino's metallurgical testwork suggests Ondundu ore could be processed at Twin Hills via gravity concentration.
Scale indicators7 records
Recent moves9 records
Expansion highlights5 records
Osino Resources competitors and assessment
Company assessmentDirect peers
- B2Gold Corp: B2Gold is a mid-tier gold producer with producing assets in West Africa and Namibia (Otjikoto mine). B2Gold sold the Ondundu project to Osino in 2022 and is the most operationally comparable peer — both companies operate in the same Namibian geological setting and follow similar open-pit / CIL processing routes.
- Endeavour Mining: Endeavour Mining is a West Africa-focused gold producer operating multiple open-pit mines. It is directly comparable as an intermediate-sized African gold producer whose project pipeline, capital intensity, and AISC profile mirror Osino's Twin Hills targets once in production.
- IAMGOLD Corporation: IAMGOLD is an intermediate gold producer with major West African operations (Essakane, Burkina Faso; Westwood, Canada). Like Osino, IAMGOLD has historically pursued development-stage African gold projects and is similarly exposed to jurisdictional and capex execution risk on first-of-kind builds.
- Dundee Precious Metals: Dundee Precious Metals announced an acquisition of Osino in December 2023 (later superseded by Shanjin's superior bid). DPM operates the Chelopech gold-copper mine in Bulgaria and the Ada Tepe gold mine, making it a directly comparable development-and-operating gold peer with similar scale and growth profile.
Broad incumbents
- Harmony Gold Mining Company: Harmony Gold is one of South Africa's largest gold producers with operations across South Africa and Papua New Guinea. It is comparable as a major African-focused gold incumbent with deep operational experience on the continent, though its portfolio is broader and more mature than Osino's single-asset profile.
- AngloGold Ashanti: AngloGold Ashanti is one of the world's largest gold producers with operations in Africa (Ghana, DRC, Tanzania, Guinea), the Americas, and Australia. Comparable as a broad African gold incumbent with significant operational scale and geological expertise across similar orogenic gold terrains.
- Gold Fields Limited: Gold Fields is a major South African-headquartered gold producer with operations in South Africa, Ghana, Australia, and Peru. Comparable as an African gold incumbent with a focus on long-life, low-cost operations similar to the Twin Hills project economics.
- Newmont Corporation: Newmont is the world's largest gold miner with significant African exposure (Ahafo and Akyem in Ghana). Comparable as a global gold incumbent with deep African operating experience, large-scale open-pit production, and similar processing technologies to those deployed at Twin Hills.
- Barrick Gold Corporation: Barrick Gold is a top-tier global gold producer with major African operations (Tanzania, DRC, Mali, Côte d'Ivoire). Comparable as a broad incumbent with the largest African gold footprint among majors, providing a benchmark for advanced project economics and capital intensity.
Emerging players
- Calibre Mining Corp: Calibre Mining is an emerging gold producer focused on Nicaragua with a multi-asset operating platform. Comparable as an emerging intermediate gold producer that recently transitioned from developer to producer, providing a peer benchmark for Osino's anticipated production-stage profile.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Osino Resources social profiles
Digital presenceOsino Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Osino Resources leadership team
Management profileNumber of profiles
Profiles6 records
Osino Resources subsidiaries and ownership
Company hierarchySubsidiaries2 records
Osino Resources funding detail
Funding detailFunding overview
Funding rounds6 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Osino Resources M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Osino Resources
What does Osino Resources do?
Osino Resources is a pre-production gold exploration and development company focused on advancing its flagship Twin Hills Gold Project in Namibia toward construction and production. The company holds a district-scale portfolio across the Damara Belt, including the Twin Hills flagship (2.94 Moz reserves, 13-year mine life, ~162,000 oz/year projected production), the Ondundu Gold Project (0.9 Moz inferred), and an 8,000 km² regional exploration acreage. Osino operates as a wholly-owned subsidiary of Shanjin International Gold Co., Ltd. following the August 2024 acquisition.
Is Osino Resources a public or private company?
Osino Resources is a private company. It is classified as corporate owned and is currently operating.
When was Osino Resources founded?
Osino Resources was founded in 2016. It employs 11 to 50 people.
Where is Osino Resources based?
Osino Resources is headquartered in Vancouver, Canada, in the North America region.
How does Osino Resources make money?
One revenue line is on record: gold Production Revenue.
Who are Osino Resources's main competitors?
Direct peers on record are B2Gold Corp, Endeavour Mining, IAMGOLD Corporation and Dundee Precious Metals. Broad incumbents are Harmony Gold Mining Company, AngloGold Ashanti, Gold Fields Limited, Newmont Corporation and Barrick Gold Corporation. Calibre Mining Corp is listed as an emerging player.
Does Osino Resources have an API?
No public API is recorded for Osino Resources.
What industry is Osino Resources in?
Osino Resources's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining. Its NAICS code is 21222 and its SIC code is 1040.