G Mining Ventures Achieves Nameplate Capacity at Tocantinzinho; Q2 2025 Production Results Released
G Mining Ventures (OTCQX:GMINF) announced significant operational achievements at its Tocantinzinho Gold Mine in Brazil. The processing plant reached 12,890 tonnes per day over 30 consecutive days, marking a major milestone. Q2 2025 gold production increased 20% to 42,587 ounces compared to Q1, with improved gold recovery of 90.3%.
The company successfully resolved earlier SAG mill liner issues by replacing rubber liners with a steel system in April, achieving 96% of nameplate capacity in May and June. Mining operations showed strong performance with an 18% increase in average mining rate to 47,900 tpd. GMIN reaffirmed its 2025 production guidance of 175,000 to 200,000 gold ounces.
G Mining Ventures (OTCQX:GMINF) ha annunciato importanti risultati operativi presso la sua miniera d'oro Tocantinzinho in Brasile. L'impianto di lavorazione ha raggiunto una capacità di 12.890 tonnellate al giorno per 30 giorni consecutivi, segnando un traguardo significativo. La produzione d'oro del secondo trimestre 2025 è aumentata del 20%, arrivando a 42.587 once rispetto al primo trimestre, con un miglioramento del recupero dell'oro al 90,3%.
L'azienda ha risolto con successo i problemi precedenti alle piastre del mulino SAG sostituendo i rivestimenti in gomma con un sistema in acciaio ad aprile, raggiungendo il 96% della capacità nominale a maggio e giugno. Le operazioni minerarie hanno mostrato performance solide con un aumento del 18% nella velocità media di estrazione, arrivando a 47.900 tpd. GMIN ha confermato la previsione di produzione per il 2025 tra 175.000 e 200.000 once d'oro.
G Mining Ventures (OTCQX:GMINF) anunció logros operativos significativos en su mina de oro Tocantinzinho en Brasil. La planta de procesamiento alcanzó 12,890 toneladas por día durante 30 días consecutivos, marcando un hito importante. La producción de oro del segundo trimestre de 2025 aumentó un 20% hasta 42,587 onzas en comparación con el primer trimestre, con una mejor recuperación de oro del 90.3%.
La compañía resolvió con éxito problemas previos con los revestimientos del molino SAG reemplazando los revestimientos de caucho por un sistema de acero en abril, logrando un 96% de la capacidad nominal en mayo y junio. Las operaciones mineras mostraron un sólido desempeño con un aumento del 18% en la tasa media de minería hasta 47,900 tpd. GMIN reafirmó su guía de producción para 2025 de 175,000 a 200,000 onzas de oro.
G Mining Ventures (OTCQX:GMINF)는 브라질에 위치한 Tocantinzinho 금광에서 중요한 운영 성과를 발표했습니다. 처리 공장은 30일 연속으로 일일 12,890톤을 달성하며 주요 이정표를 세웠습니다. 2025년 2분기 금 생산량은 1분기 대비 20% 증가한 42,587온스이며, 금 회수율은 90.3%로 향상되었습니다.
회사는 4월에 고무 라이너를 강철 시스템으로 교체하여 이전 SAG 밀 라이너 문제를 성공적으로 해결했으며, 5월과 6월에는 명판 용량의 96%를 달성했습니다. 채굴 작업은 평균 채굴 속도가 18% 증가하여 일일 47,900톤을 기록하며 강한 실적을 보였습니다. GMIN은 2025년 생산 목표를 175,000~200,000온스 금으로 재확인했습니다.
G Mining Ventures (OTCQX:GMINF) a annoncé des réalisations opérationnelles significatives dans sa mine d'or Tocantinzinho au Brésil. L'usine de traitement a atteint 12 890 tonnes par jour pendant 30 jours consécutifs, marquant une étape importante. La production d'or du deuxième trimestre 2025 a augmenté de 20% pour atteindre 42 587 onces par rapport au premier trimestre, avec un taux de récupération de l'or amélioré à 90,3%.
L'entreprise a résolu avec succès les problèmes antérieurs des revêtements du broyeur SAG en remplaçant les revêtements en caoutchouc par un système en acier en avril, atteignant 96% de la capacité nominale en mai et juin. Les opérations minières ont montré de solides performances avec une augmentation de 18% du taux moyen d'extraction à 47 900 tpd. GMIN a réaffirmé ses prévisions de production pour 2025, comprises entre 175 000 et 200 000 onces d'or.
G Mining Ventures (OTCQX:GMINF) gab bedeutende operative Erfolge in seiner Tocantinzinho-Goldmine in Brasilien bekannt. Die Aufbereitungsanlage erreichte über 30 aufeinanderfolgende Tage eine Kapazität von 12.890 Tonnen pro Tag und markierte damit einen wichtigen Meilenstein. Die Goldproduktion im zweiten Quartal 2025 stieg im Vergleich zum ersten Quartal um 20% auf 42.587 Unzen, bei einer verbesserten Goldrückgewinnung von 90,3%.
Das Unternehmen löste erfolgreich frühere Probleme mit den SAG-Mühlen-Auskleidungen durch den Austausch der Gummiauskleidungen gegen ein Stahlsystem im April und erreichte im Mai und Juni 96% der Nennkapazität. Der Bergbaubetrieb zeigte starke Leistungen mit einem 18%igen Anstieg der durchschnittlichen Abbaurate auf 47.900 tpd. GMIN bestätigte seine Produktionsprognose für 2025 von 175.000 bis 200.000 Goldunzen.
- None.
- Q1 operations were impacted by above-average rainfall
- Additional mine fleet equipment costs will impact Q2 AISC metrics
- H1 2025 production slightly below planned 44% of annual guidance at 42%
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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