Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

DFS confirms Osino's gold mine plans in Namibia

21 june 2023
Osino Resources’ Twin Hills gold project in Namibia has been verified as a robust, cash-generative project that will deliver outstanding returns, according to a senior company manager.
Twin Hill is located near and along the strike of the producing open-pit gold mines Navachab and Otjikoto.
The company conducted a definitive feasibility study (DFS) which confirmed plans for a 13-year mining operation producing an average of 162 000 oz/y at an all-in sustaining cost of $1 011/oz.
"The DFS confirms Twin Hills as a technically simple, long-life, low-cost gold project with very strong economics and plenty of upsides," said  Osino Resources cofounder and CEO Heye Daun
Osino projected to achieve a fully funded construction decision for the $365 million project by the end of the year, with gold production scheduled to begin in 2025 or 2026.
Using a 5% discount and a gold price of $1750/oz, the DFS computed a pretax net present value of $742 million and an internal rate of return of 34%.
At current gold prices of $1 950/oz, the project generates little less than $1.5 billion in net pretax cashflows, indicating the project's superior margins, cash-generating potential, and economics.
The project has a $783-million pretax net present value at a 5% discount rate and an internal rate of return.

 Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished