G Mining Ventures Achieves Nameplate Capacity at Tocantinzinho; Q2 2025 Production Results Released
G Mining Ventures (OTCQX:GMINF) announced that its Tocantinzinho Gold Mine in Brazil has achieved nameplate capacity, operating at 12,890 tonnes per day over 30 consecutive days. The company reported Q2 2025 gold production of 42,587 ounces, a 20% increase from Q1 2025.
Key operational improvements include enhanced gold recovery to 90.3% (up from 87.7% in Q1), increased average mining rate to 47,900 tpd (18% higher than Q1), and improved plant throughput to 96% of nameplate capacity in May-June after resolving SAG mill liner issues. The company maintains its 2025 production guidance of 175,000-200,000 gold ounces.
G Mining Ventures (OTCQX:GMINF) ha annunciato che la sua miniera d'oro Tocantinzinho in Brasile ha raggiunto la capacità nominale, operando a 12.890 tonnellate al giorno per 30 giorni consecutivi. La società ha riportato una produzione d'oro nel secondo trimestre 2025 di 42.587 once, con un aumento del 20% rispetto al primo trimestre 2025.
I principali miglioramenti operativi includono un aumento del recupero dell'oro al 90,3% (rispetto all'87,7% del primo trimestre), un incremento del tasso medio di estrazione a 47.900 tpd (18% superiore al primo trimestre) e un miglioramento della capacità di lavorazione dell'impianto al 96% della capacità nominale tra maggio e giugno, dopo aver risolto i problemi con il rivestimento del mulino SAG. La società conferma la sua previsione di produzione per il 2025 tra 175.000 e 200.000 once d'oro.
G Mining Ventures (OTCQX:GMINF) anunció que su mina de oro Tocantinzinho en Brasil ha alcanzado su capacidad nominal, operando a 12,890 toneladas por día durante 30 días consecutivos. La compañía reportó una producción de oro en el segundo trimestre de 2025 de 42,587 onzas, un aumento del 20% respecto al primer trimestre de 2025.
Las mejoras operativas clave incluyen una recuperación de oro mejorada al 90.3% (frente al 87.7% del primer trimestre), un aumento en la tasa media de minería a 47,900 tpd (18% más que en el primer trimestre) y un mejor rendimiento de la planta al 96% de la capacidad nominal en mayo-junio tras resolver problemas con el revestimiento del molino SAG. La compañía mantiene su proyección de producción para 2025 de 175,000 a 200,000 onzas de oro.
G Mining Ventures (OTCQX:GMINF)는 브라질의 Tocantinzinho 금광이 명칭 용량에 도달하여 30일 연속으로 일일 12,890톤을 운영했다고 발표했습니다. 회사는 2025년 2분기 금 생산량이 42,587온스로 2025년 1분기 대비 20% 증가했다고 보고했습니다.
주요 운영 개선 사항으로는 금 회수율이 90.3%로 향상(1분기 87.7%에서 증가), 평균 채굴 속도가 47,900톤/일로 1분기 대비 18% 증가, SAG 밀 라이너 문제 해결 후 5월-6월 플랜트 처리량이 명칭 용량의 96%로 개선된 점이 포함됩니다. 회사는 2025년 생산 목표를 175,000~200,000온스 금으로 유지하고 있습니다.
G Mining Ventures (OTCQX:GMINF) a annoncé que sa mine d'or Tocantinzinho au Brésil a atteint sa capacité nominale, opérant à 12 890 tonnes par jour pendant 30 jours consécutifs. La société a rapporté une production d'or au deuxième trimestre 2025 de 42 587 onces, soit une augmentation de 20 % par rapport au premier trimestre 2025.
Les principales améliorations opérationnelles incluent un taux de récupération de l'or amélioré à 90,3% (contre 87,7 % au premier trimestre), un taux moyen d'extraction accru à 47 900 t/j (18 % de plus qu'au premier trimestre) et un débit de l'usine amélioré à 96 % de la capacité nominale en mai-juin après résolution des problèmes de revêtement du broyeur SAG. La société maintient ses prévisions de production pour 2025 entre 175 000 et 200 000 onces d'or.
G Mining Ventures (OTCQX:GMINF) gab bekannt, dass seine Tocantinzinho-Goldmine in Brasilien die Nennkapazität erreicht hat und 30 Tage in Folge mit 12.890 Tonnen pro Tag betrieben wurde. Das Unternehmen meldete eine Goldproduktion von 42.587 Unzen im zweiten Quartal 2025, was einer Steigerung von 20 % gegenüber dem ersten Quartal 2025 entspricht.
Wesentliche betriebliche Verbesserungen umfassen eine verbesserte Goldrückgewinnung von 90,3% (gegenüber 87,7 % im ersten Quartal), eine erhöhte durchschnittliche Abbaurate von 47.900 tpd (18 % höher als im ersten Quartal) sowie eine verbesserte Anlagendurchsatzrate von 96 % der Nennkapazität im Mai-Juni nach Behebung der Probleme mit der SAG-Mühlenauskleidung. Das Unternehmen bestätigt seine Produktionsprognose für 2025 von 175.000 bis 200.000 Unzen Gold.
- Gold production increased 20% to 42,587 ounces in Q2 2025
- Gold recovery improved to 90.3% from 87.7% in Q1 2025
- Mining rate increased 18% to 47,900 tpd in Q2
- Successfully resolved SAG mill issues with steel liner implementation
- Plant achieved 96% of nameplate capacity in May-June 2025
- No lost time or recordable incidents in Q2 2025
- Strip ratio increased to 1.64 in Q2 from 1.45 in Q1 2025
- H1 2025 production slightly below planned 44% of annual guidance at 42%
- Additional mine fleet equipment costs will impact Q2 AISC metrics
Second Quarter 2025 Production Highlights
- No lost time or recordable incidents in Q2 2025
- Q2-2025 gold production of 42,587 ounces, a
20% increase over Q1 2025 - Gold recovery improved to
90.3% (from87.7% in Q1 2025) - Average mining rate of ~47,900 tpd, an
18% increase from Q1 2025 - Average plant throughput of 11,100 tpd or
86% of nameplate- April: 8,600 tpd (
67% of nameplate) - May and June: 12,300 tpd (
96% of nameplate)
- April: 8,600 tpd (
"The team at TZ has delivered an impressive Q2 following the SAG mill liner challenges earlier this year, leading to a successful ramp up to nameplate throughput," said Louis-Pierre Gignac, President & Chief Executive Officer. "Since implementing the new liner, the mill has operated with excellent stability, higher throughput, and robust gold recoveries. These results demonstrate our technical capabilities and disciplined execution, keeping us firmly on track to achieve our 2025 production targets."
Tocantinzinho Key Production Highlights:
TZ Production | Q1 2025 | Q2 2025 | YTD 2025 | |
Mining Activities | ||||
Ore Tonnes Mined | kt | 1,512 | 1,649 | 3,161 |
Waste Tonnes Mined | kt | 2,195 | 2,707 | 4,902 |
Total Tonnes Mined | kt | 3,707 | 4,356 | 8,063 |
Strip Ratio | Waste/Ore | 1.45 | 1.64 | 1.55 |
Average Mining Rate | tpd | 41,186 | 47,873 | 44,548 |
Processing Activities | ||||
Total Tonnes Processed | kt | 904 | 1,011 | 1,915 |
Average Plant Throughput | tpd | 10,046 | 11,107 | 10,579 |
Average Gold Recovery | % | 87.7 % | 90.3 % | 89.1 % |
Average Gold Grade Processed | g/t Au | 1.40 | 1.45 | 1.43 |
Gold Produced | oz | 35,578 | 42,587 | 78,165 |
Tocantinzinho Processing Update
During the ramp-up phase of the TZ mine, GMIN identified premature wear of the poly-met liners in the Semi-Autogenous Grinding ("SAG") mill, which resulted in frequent unscheduled downtime for liner replacements. While the mill performed as designed when running, these repeated shutdowns lowered the plant availability, resulting in less tonnage processed. To resolve the issue, the Corporation completed a permanent replacement of the rubber liners with a steel system in April, effectively eliminating the need for unplanned stoppages with normal wear expected going forward.
Since the installation of the steel liners in April, the mill has performed to expectations, achieving an average throughput of
Operating Period | April Poly-met Liner | May & June Steel Liner | Q2 2025 | |
Processing Activities | ||||
Total Tonnes Processed | kt | 259 | 752 | 1,011 |
Days in Period | days | 30 | 61 | 91 |
Average Plant Throughput | tpd | 8,633 | 12,324 | 11,107 |
Percent of Nameplate | % | 67 % | 96 % | 86 % |
The expert control systems installed on the SAG mill and flotation circuit have contributed to increased plant throughput, enhanced stability and improved gold recoveries.
Tocantinzinho Mining Update
The mine delivered strong operational performance in Q2, achieving an average mining rate of 47,900 tpd — an
Strong Operational Performance Underway
2025 production guidance for the TZ mine is forecast to be between 175,000 to 200,000 gold ounces, with a
Second-quarter gold production totaled 42,587 ounces, representing
First-half 2025 gold production totaled 78,165 ounces, representing
2025 Outlook Reaffirmed
Following the successful resolution of the SAG mill issue, GMIN reiterates its previously issued 2025 production guidance for the TZ mine of 175,000 to 200,000 oz. Commentary on cost guidance will be provided with the upcoming Q2 results.
2025 Catalysts
Over 2025, the Corporation will focus on the following activities:
- Final environmental permit for Oko West (early Q3 2025)
- Oko West financing and construction decision (H2-2025)
- Greenfield and brownfield exploration (TZ, Oko West and Gurupi) (2025)
Second Quarter 2025 Earnings Results Conference Call and Webcast
GMIN will release its second quarter 2025 results on Thursday, August 14, 2025, after market close. GMIN's senior management will host a conference call the following day, at 9:00 AM (Eastern Time) to discuss the Corporation's financial and operating results, which will be followed by a Q&A session. Participants may join the conference call using the following call-in details:
- Conference ID: 2442486
- Participant Toll-Free Dial-In Number: 1 (800) 715-9871
- Participant International Dial-In Number: 1-646-307-1963
Participants can also access a live webcast of the conference call via https://edge.media-server.com/mmc/p/vnz2p26e or via the GMIN website at: https://gmin.gold/investors/presentations-and-events/
A replay of this conference call will be available via the webcast for 12 months. Replay details will be provided on the GMIN website 24 hours after the call at:
https://gmin.gold/investors/presentations-and-events/
Qualified Person
Louis-Pierre Gignac, President & Chief Executive Officer of GMIN, a QP as defined in NI 43-101, has reviewed the press release on behalf of the Corporation and has approved the technical disclosure contained in this press release.
About G Mining Ventures Corp.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Mine in
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to (i) the replacement of the SAG mill liners effectively eliminating unplanned stoppages; (ii) the additional mine fleet equipment expected to further elevate mining productivity in the second half of the year; (iii) the 2025 production guidance for the TZ mine; (iv) the quoted comments of GMIN's President & Chief Executive Officer; (v) the above-listed 2025 catalysts; and (vi) more generally, the section entitled "About G Mining Ventures Corp.".
Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to (i) the improved gold recoveries at TZ, (ii) a stable plant throughput at TZ, (iii) the price of gold, and (iv) currency exchange rates; and those underlying the items listed in the above section entitled "About G Mining Ventures Corp."
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) the average mining rate, mill throughput and gold recoveries will continue to improve or at least be maintained at same levels, or (ii) the 2025 production guidance for TZ will be achieved, or (iii) the 2025 catalysts will materialize as expected by management, or (iv) TZ and Oko West will grow GMIN into the next intermediate producer, as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of
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SOURCE G Mining Ventures Corp
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