PRECIOUS METALS | Namibia's Osino Project to Boost Gold Production by 2027

On March 12, Jin10 reported that Shanjin International announced during its performance briefing that the Osino project in Namibia is expected to commence production in the first half of 2027. According to Jin10, the project is anticipated to yield an annual gold production capacity of 5 tons once fully operational. The Osino project will utilize open-pit mining, with an ore grade of 1.07g/t and a recovery rate of no less than 90%. The estimated total cost is projected to be between $1,100 and $1,200 per ounce. For 2026, the company has set a production plan aiming for a gold output of 7-8 tons, with other metals not falling below the 2025 production levels.