Osino Resources, a gold exploration and development Canadian company, is officially part of Shanjin International Gold Corporation. 

This marks a step towards transforming the aspiration of discovering a gold deposit into tangible development.

Osino Resources was sold to Shanjin for N$4.8 billion.

The move will see Osino Resources' Twin Hills Gold Project progress, which is set to provide not only economic advantages but also a renewed focus on social and environmental awareness.

The gold mine, currently in its pre-construction stage, could not be built due to financial constraints.

With Shanjin International Gold on board, development will now begin.

Shanjin International Gold is engaged in the exploration and trade of precious and non-ferrous metal ores in China. 

The company has commended Osino's commitment to environmental protection and community development, noting that these principles align with their own standards.

It expressed optimism that the 13-year lifespan of the mine will yield an annual production of 200,000 ounces of gold during the first four years, followed by 169,000 ounces in the subsequent years. 

The mine's management believes it will become a highly profitable operation, generating significant tax revenue, creating jobs, and sourcing goods and services locally.