G Mining Ventures Completes First Drawdown on US$350 Million Revolving Credit Facility
G Mining Ventures (OTCQX:GMINF) completed a scheduled drawdown of US$80 million on its US$350 million revolving credit facility dated October 6, 2025, to fund development and construction of the 100% owned Oko Gold Project in Guyana.
Proceeds were used to repay in full an outstanding senior secured term loan of US$80 million previously provided by Franco-Nevada GLW Holdings. At current effective rates, the refinancing is expected to generate approximately US$1.5 million in annual interest savings, which the company says will strengthen the balance sheet and support ongoing operations at Tocantinzinho and advancement of Oko West.
G Mining Ventures (OTCQX:GMINF) ha completato un prelievo programmato di US$80 milioni sul suo line di credito revolving da US$350 milioni datata 6 ottobre 2025, per finanziare lo sviluppo e la costruzione del progetto Oko Gold interamente di proprietà nella Guyana.
I proventi sono stati utilizzati per rimborsare integralmente un prestito senior garantito a termine di US$80 milioni fornito in precedenza da Franco-Nevada GLW Holdings. A tassi effettivi correnti, la rifinanziamento dovrebbe generare circa US$1,5 milioni di risparmi sugli interessi annuali, che l'azienda afferma rafforzeranno il bilancio e sosterranno le operazioni in corso a Tocantinzinho e l'avanzamento di Oko West.
G Mining Ventures (OTCQX:GMINF) completó un retiro programado de US$80 millones de su línea de crédito revolvente de US$350 millones fechada el 6 de octubre de 2025, para financiar el desarrollo y la construcción del proyecto Oko Gold, 100% propiedad, en Guyana.
Los fondos se utilizaron para cancelar por completo un préstamo a término senior garantizado de US$80 millones previamente proporcionado por Franco-Nevada GLW Holdings. A las tasas efectivas actuales, se espera que el refinanciamiento genere aproximadamente US$1.5 millones en ahorros de intereses anuales, que la compañía dice que fortalecerán el balance y respaldarán las operaciones continuas en Tocantinzinho y el avance de Oko West.
G Mining Ventures (OTCQX:GMINF)는 2025년 10월 6일자 US$350백만 회전신용한도에서 예정된 인출을 US$80백만 완료하여 Guyana의 100% 소유 Oko Gold 프로젝트의 개발 및 건설 자금을 조달했습니다.
자금은 Franco-Nevada GLW Holdings가 이전에 제공한 US$80백만의 선순위 담보형 대출을 전액 상환하는 데 사용되었습니다. 현재의 유효 금리에서 재융자는 연간 약 US$1.5백만의 이자 절감을 발생시킬 것으로 예상되며, 이는 재무 상태를 강화하고 Tocantinzinho의 운영 및 Oko West의 진전을 지원할 것이라고 회사는 말합니다.
G Mining Ventures (OTCQX:GMINF) a effectué un tirage programmé de US$80 millions sur sa ligne de crédit renouvelable de US$350 millions datée du 6 octobre 2025, pour financer le développement et la construction du projet Oko Gold, détenu à 100 % en Guyane.
Les fonds ont été utilisés pour rembourser en totalité un prêt senior garanti à terme de US$80 millions précédemment accordé par Franco-Nevada GLW Holdings. À taux effectifs actuels, le refinancement devrait générer environ US$1,5 million d'économies d'intérêts annuelles, ce que l'entreprise indique renforcerait le bilan et soutiendrait les opérations en cours à Tocantinzinho et l'avancement d'Oko West.
G Mining Ventures (OTCQX:GMINF) hat eine planmäßige Entnahme von US$80 Millionen aus seinem revolvierenden Kreditfazilität von US$350 Millionen, datiert 6. Oktober 2025, abgeschlossen, um die Entwicklung und den Bau des zu 100% eigengenutzten Oko Gold-Projekts in Guyana zu finanzieren.
Die Mittel wurden verwendet, um einen ausstehenden Senior-gesicherten Term Loan in Höhe von US$80 Millionen, der zuvor von Franco-Nevada GLW Holdings bereitgestellt wurde, vollständig zu tilgen. Bei aktuellen effektiven Zinssätzen wird erwartet, dass die Refinanzierung jährliche Zinsersparnisse von ca. US$1,5 Millionen generiert, was die Bilanz stärken und den laufenden Betrieb von Tocantinzinho sowie den Fortschritt von Oko West unterstützen soll.
G Mining Ventures (OTCQX:GMINF) أكملت سحباً مجدولاً قدره 80 مليون دولار أمريكي من مرفق الائتمان القابلة للد revolve بقيمة 350 مليون دولار أمريكي والمؤرخ في 6 أكتوبر 2025، لتمويل تطوير وبناء مشروع Oko Gold المملوك بالكامل في غويانا.
تم استخدام العوائد لسداد قرض من الدرجة الأولى مضمون لأجل 80 مليون دولار أمريكي كان قد قدمه سابقاً Franco-Nevada GLW Holdings. عند أسعار الفائدة الفعالة الحالية، من المتوقع أن يولد إعادة التمويل توفيراً في الفوائد سنوياً يقارب 1.5 مليون دولار أمريكي، وهو ما يقول الشركة إنه سيقوّي الميزانية ويدعم العمليات الجارية في Tocantinzinho وتقدم Oko West.
- US$80M drawdown on a US$350M revolving facility
- Repaid US$80M senior secured term loan in full
- Estimated US$1.5M annual interest savings from refinancing
- None.
Proceeds from the drawdown were used to repay in full the outstanding senior secured term loan in the aggregate amount of
At current effective rates, the refinancing will generate annual interest savings of approximately
"Executing this refinancing marks another step in optimizing our capital structure and improving capital efficiency," said Julie Lafleur, Vice President, Finance & Chief Financial Officer. "By lowering our cost of debt, we're realizing meaningful savings while maintaining the financial strength to support Tocantinzinho's operations and the advancement of Oko West. These results reflect the disciplined financial management that underpins GMIN's strategy and ongoing value creation for shareholders."
About the Revolving Credit Facility
The
About G Mining Ventures Corp.
G Mining Ventures Corp. 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
Additional Information
For further information on GMIN, please visit the website at www.gmin.gold.
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 decrease of the weighted average cost of debt generating annual interest savings of
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 GMIN's financial strength as well as its enhanced liquidity and flexibility to support operations and development, the price of gold and 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 potential for exploration upside at Tocantinzinho, Oko West and Gurupi will lead to additional mineral reserves and resources; (ii) GMIN will continue to be successful in mine development; (iii)
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
FAQ
What did G Mining Ventures (GMINF) draw from its revolving credit facility on November 10, 2025?
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