Dundee Precious Metals is set to contribute about N$9 billion in taxes and royalties over the mine's 13 licence acquisitions.

The management of Dundee made the announcement during a courtesy visit to President Hage Geingob at the State House.
 

Dundee Precious Metals made the announcement after acquiring Osino Resources Corporation, owners of the Twin Hills advanced stage development project.

The development of the Twin Hills Project has the potential to generate significant value for Namibia, they say.
 

The Chief Executive Officer of Dundee Precious Metals, David Rae, says they expect to employ approximately more than 500 Namibians during the project's two-year construction period.

During the operation, it is expected to employ over 850 people.

The management further expressed gratitude to the line ministries for their swift cooperation, which they say is encouraging further investment in the country.

President Geingob expressed gratitude to the corporations for trusting Namibia as a preferred investment destination.

The gold development project is expected to take place in the area of Karibib in the Erongo Region.

Dundee Precious Metals has been operating the Tsumeb smelter since 2019 and is venturing into more exploration.