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AboutThe main business scope includes the selection and mining of precious metals and non-ferrous metal ores, as well as metal trading.
AboutThe main business scope includes the selection and mining of precious metals and non-ferrous metal ores, as well as metal trading.
AboutThe main business scope includes the selection and mining of precious metals and non-ferrous metal ores, as well as metal trading.
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CompetitivenessLeveraging the advantages of Yintai Gold, achieving leapfrog development, and creating market value
CompetitivenessLeveraging the advantages of Yintai Gold, achieving leapfrog development, and creating market value
CompetitivenessLeveraging the advantages of Yintai Gold, achieving leapfrog development, and creating market value
CompetitivenessLeveraging the advantages of Yintai Gold, achieving leapfrog development, and creating market value
CompetitivenessLeveraging the advantages of Yintai Gold, achieving leapfrog development, and creating market value
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NewsEvery dynamic is the footsteps of Yintai Gold's progress
NewsEvery dynamic is the footsteps of Yintai Gold's progress
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OperationsResource first, global layout, achieving long-term continuity, and seeking a second leap
OperationsResource first, global layout, achieving long-term continuity, and seeking a second leap
OperationsResource first, global layout, achieving long-term continuity, and seeking a second leap
OperationsResource first, global layout, achieving long-term continuity, and seeking a second leap
OperationsResource first, global layout, achieving long-term continuity, and seeking a second leap
OperationsResource first, global layout, achieving long-term continuity, and seeking a second leap
OperationsOsino Gold Exploration and Mining (Pty)Ltd. is Shanjin International's first independently operated project, first wholly-owned project, first acquisition project, and first green space project in Africa and even overseas
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SustainabilityFaced with challenges, Yintai Gold has taken some relevant actions to protect the society and global environment.
SustainabilityFaced with challenges, Yintai Gold has taken some relevant actions to protect the society and global environment.
SustainabilityFaced with challenges, Yintai Gold has taken some relevant actions to protect the society and global environment.
SustainabilityFaced with challenges, Yintai Gold has taken some relevant actions to protect the society and global environment.
SustainabilityFaced with challenges, Yintai Gold has taken some relevant actions to protect the society and global environment.
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InvestorsWe firmly believe in and adhere to the highest corporate governance standards,and establish strong partnerships with all shareholders, employees, customers, and other stakeholders in our ecosystem.
InvestorsWe firmly believe in and adhere to the highest corporate governance standards,and establish strong partnerships with all shareholders, employees, customers, and other stakeholders in our ecosystem.
Investor relationsWe firmly believe in and adhere to the highest corporate governance standards, and establish strong partnerships with all shareholders, employees, customers, and other stakeholders in our ecosystem.
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ContactWelcome to call anytime
ContactWelcome to call anytime
Shanjin International plans to acquire 100% equity of Osino for 368 million Canadian dollars, marking the first step in its overseas strategic acquisition
Release time：2024-02-26
On February 25th, Shanjin International Gold Co.,Ltd. (000975.SZ) (referred to as "Yintai Gold") and Osino Resources Corp. (TSX: OSI.V) (NSX: OSN) (FSE: RSR1) (referred to as "Osino") announced the signing of a binding arrangement agreement (Yintai Arrangement Agreement). According to the agreement, Yintai Gold will acquire all of Osino's existing issued and outstanding common shares and dilutive shares for a cash consideration of CAD 1.90 per share. The transaction is valued at approximately CAD 368 million.
After the acquisition is completed, the company will hold 100% equity of Osino, with its main assets including the Twin Hills gold mine project located in central Namibia, as well as exploration projects Ondundu and Eureka.
Osino is a Canadian gold exploration and development company focused on the development of the Twin Hills gold mine project, which is wholly owned and located in central Namibia.
The mineralization zone where the project is located spans a fault structure that extends for 100 kilometers, with 70 kilometers falling within existing mining and exploration rights areas, offering ample exploration space.
According to the latest 43-101 standard report published by Osino, as of March 2023, the total resource estimate for the Twin Hills gold mine project (at a cut-off grade of 0.3 grams per ton) is approximately 91.3 million tonnes of ore, containing approximately 99.21 tonnes of gold.
On June 12, 2023, Osino released the Twin Hills Definitive Feasibility Study (DFS) report. According to the report, the Twin Hills mine has a lifespan of 13 years and adopts open-pit mining, followed by gravity separation, carbon-in-leach, and dry stacking processes. The average annual gold production during the mine's lifespan is projected to be 162,000 ounces (approximately 5.04 tons), with an all-in sustaining cost of $1,011 per ounce.
Additionally, Osino also holds exploration rights for the Ondundu gold mine located 130 kilometers northwest of the Twin Hills project. It has an inferred resource estimate of 0.9 million ounces (approximately 27.99 tons) of gold at a cut-off grade of 0.5 grams per ton, with an average grade of 1.13 grams per ton.
In recent years, approximately 35 kilometers northeast of the Ondundu gold mine project, Osino has discovered the Eureka prospect area, which is identified as a key exploration target for future resource expansion efforts.
By acquiring Osino, Yintai Gold will gain access to high-quality gold mineral resources, increase its gold resource reserves, and further enhance its business profitability.
Once Osino's Twin Hills gold mine project is in production, it will provide an annual gold production capacity of up to 5 tons, which will assist Yintai Gold in achieving its strategic objectives and lay a solid foundation for its vision of becoming a "growth-oriented international gold mining company centered on value creation and powered by global development."
Osino's President and CEO, Heye Daun, stated that Yintai Gold possesses extensive experience in gold mining, ample financial readiness, and excellent performance in mine operations. These factors will drive the rapid construction and production commencement of the Twin Hills gold mine project.
We look forward to collaborating with Yintai Gold to advance the development of the project and complete the acquisition transaction.
Yintai Gold President Ou Xingong stated that this acquisition aligns with Yintai Gold's strategic development goals, laying the foundation for future growth in gold production and reserves. It also signifies Yintai Gold's first step into overseas strategic acquisitions.
We look forward to collaborating with the existing Osino team to advance the implementation and construction of the Twin Hills gold mine project and surrounding exploration activities. Our goal is to operate high-quality mining projects in a stable and friendly mining environment.
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