{"id":58789,"date":"2023-11-21T18:41:43","date_gmt":"2023-11-21T18:41:43","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/twin-hills-gold-mine-revenue-to-average-n4-23-bn"},"modified":"2023-11-21T19:49:56","modified_gmt":"2023-11-21T19:49:56","slug":"twin-hills-gold-mine-revenue-to-average-n4-23-bn","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/twin-hills-gold-mine-revenue-to-average-n4-23-bn","title":{"rendered":"Twin Hills gold mine revenue to average N$4.23 bn"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Discovered by Osino Resources in 2019, the Twin Hills resource is an open-pit gold mine being fast-tracked to production. It is anticipated that by mid-2026, the project will record an average annual gold revenue of N$4.23 billion.<\/p>\n

According to Osino Resources recently released sustainability report for 2022, during construction, the company expects peak employment of about 1 000 people assigned to the site, with a similar operational complement anticipated once the mine and plant are commissioned.<\/p>\n

Osino Resources is a leading gold exploration and development company active in Namibia and listed on Canada\u2019s Toronto Stock Exchange.<\/p>\n

\u201cWe are engaging with capital providers to secure the construction funding to hopefully be able to make an investment decision and start with the construction of the project around the middle of 2024,\u201d said Heye Daun, Osino CEO.<\/p>\n

Daun added that the project is a technically simple, long-life and low-cost gold project that will deliver outstanding returns to shareholders.<\/p>\n

\u201cWe are excited about the opportunities ahead, and we are committed to ensuring the Twin Hills Gold Project not only generates strong returns for shareholders and providers of capital, but that it also creates value for local communities and other stakeholders, while mitigating negative environmental and social impacts,\u201d the report reads.<\/p>\n

In 2022, Osino spent N$124 million, 79% of the company\u2019s total procurement, with Namibian suppliers, of which N$32 million was spent with local suppliers within 75km of Twin Hills, creating a transfer of value to the Namibian economy and host communities.<\/p>\n

Furthermore, the company paid N$2.9 million in social security, employees\u2019 tax, training levies and workman\u2019s compensation to government.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Discovered by Osino Resources in 2019, the Twin Hills resource is an open-pit gold mine being fast-tracked to production. It is anticipated that by mid-2026, the project will record an average annual gold revenue of N$4.23 billion. According to Osino Resources recently released sustainability report for 2022, during construction, the company expects […]<\/p>\n","protected":false},"author":84,"featured_media":58788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-58789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nTwin Hills gold mine revenue to average N$4.23 bn - Namibia<\/title>\n<meta name=\"description\" content=\"Discovered by Osino Resources in 2019, the Twin Hills resource is an open-pit gold mine being fast-tracked to production ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/twin-hills-gold-mine-revenue-to-average-n4-23-bn\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Twin Hills gold mine revenue to average N$4.23 bn\" \/>\n<meta property=\"og:description\" content=\"Discovered by Osino Resources in 2019, the Twin Hills resource is an open-pit gold mine being fast-tracked to production ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/twin-hills-gold-mine-revenue-to-average-n4-23-bn\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-21T18:41:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-21T19:49:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/11\/sm_1700583468.303949.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"482\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/twin-hills-gold-mine-revenue-to-average-n4-23-bn#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/twin-hills-gold-mine-revenue-to-average-n4-23-bn\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Twin Hills gold mine revenue to average N$4.23 bn\",\"datePublished\":\"2023-11-21T18:41:43+00:00\",\"dateModified\":\"2023-11-21T19:49:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/twin-hills-gold-mine-revenue-to-average-n4-23-bn\"},\"wordCount\":282,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/twin-hills-gold-mine-revenue-to-average-n4-23-bn#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/11\/sm_1700583468.303949.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/twin-hills-gold-mine-revenue-to-average-n4-23-bn#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/twin-hills-gold-mine-revenue-to-average-n4-23-bn\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/twin-hills-gold-mine-revenue-to-average-n4-23-bn\",\"name\":\"Twin Hills gold mine revenue to average N$4.23 bn - 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