Yintai Gold to Acquire Osino Resources for $272 Million
February 26, 2024
China's Yintai Gold is set to acquire Osino Resources for a robust $272 million, marking a significant development in the mining sector. This acquisition comes as Osino Resources, recognized for its Twin Hills gold project in central Namibia, looks to accelerate the project's development. Osino's CEO, Heye Daun, expressed that Yintai's all-cash offer of C$1.90 per common share represents a substantial premium over the previous bid by DPM, deeming it a superior proposal and a win for Osino's shareholders.
