G Mining Ventures Releases 2025 Production and Cost Guidance
Rhea-AI Summary
G Mining Ventures has released its 2025 guidance for the Tocantinzinho Gold Mine (TZ), projecting gold production between 175,000 to 200,000 ounces. The company expects Total Cash Costs of $590-$655 per ounce and All-in Sustaining Costs of $995-$1,125 per ounce.
TZ's mill is anticipated to operate at its nameplate capacity of 12,890 tonnes per day, with higher gold output expected in the second half of 2025. The company plans total sustaining capital expenditures of $60-70 million, including $23 million for capitalized stripping.
For the Oko West Gold Project, GMIN has allocated $200-240 million for early works and development, with plans to publish a Feasibility Study in Q2 2025. The company will also invest in exploration across its portfolio, including $8 million for Oko West and $2-4 million for the Gurupi Project in Brazil.
Positive
- Projected gold production of 175,000-200,000 ounces for 2025
- Mill expected to reach nameplate capacity early in 2025
- Higher-grade mineralization becoming accessible in H2 2025
- Secured interim environmental permit for Oko West
- Free cash flow from TZ to fund Oko West development
Negative
- G&A costs increased beyond Feasibility Study estimates
- 75% of costs exposed to local currency fluctuations
- AISC incorporates three years of inflation since Feasibility Study
News Market Reaction
On the day this news was published, GMINF gained 3.08%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
All amounts are in USD unless stated otherwise.
Highlights
Production, unit cost and capital expenditure guidance for the full year 2025 are outlined in the table below.
Figure 1: Full Year 2025 Operational and Cost Guidance
Operational & Cost Guidance | 2025 | |
Tocantinzinho Gold Mine | ||
Gold Production | k oz | 175 to 200 |
Total Cash Costs | $/oz Au sold | |
All-in Sustaining Costs 1,2 | $/oz Au sold | |
Sustaining Capital Expenditures | ||
Sustaining | M$ | |
Near-mine exploration | M$ | |
Capitalized Waste Stripping | M$ | |
Total Sustaining | M$ | |
Non-Sustaining Capital Expenditures | ||
TZ Regional Exploration | M$ | |
Oko West Exploration | M$ | |
Oko West Project Development | M$ | |
Gurupi Project | M$ | |
Total Non-Sustaining | M$ |
1. | See the non-IFRS financial measures section. |
2. | Guidance assumes a realized gold price of |
"We expect to build on GMIN's 2024 operational success in the year ahead, as TZ ramps up throughput, reaching nameplate capacity early in the year, generating meaningful free cash flow to advance development activities at Oko West," commented Louis-Pierre Gignac, President & Chief Executive Officer, "TZ will remain our focus in 2025 but will be complemented by Oko West development initiatives, including permitting and early works activities. We plan to increase our investment in greenfield and brownfield exploration across our portfolio to uncover low-cost, high-value ounces."
Tocantinzinho Gold Mine
The Corporation is focused on ramping up production and controlling operating costs at TZ. Annual gold production at TZ is forecasted to range between 175,000 and 200,000 ounces. The mill is expected to operate at its nameplate capacity of 12,890 tonnes per day, processing a blend of fresh rock and softer ores, as successfully demonstrated in 2024. Gold output is anticipated to be higher in the second half of the year (
Cash Costs and All-in-Sustaining-Costs ("AISC") are expected in the ranges of
Total sustaining capital expenditures for 2025 are projected at
Sustaining capital expenditures, excluding capitalized waste stripping, are estimated at
Regional exploration in the Tapajos within the mining concession and surrounding claims is classified as non-sustaining and excluded from AISC. A budget of
Oko West Project
This year, the focus is advancing the Oko West Gold Project by progressing permitting activities to secure a full environmental license from the Guyana Environmental Protection Agency. In the meantime, with the interim environmental permit already in hand, the plan is to commence early works, including site preparation, earthworks, and the construction of the barge landing, permanent camp facilities, and other support infrastructure. To align with the project delivery timeline, the procurement of long-lead items including grinding mills, primary crusher, power generators and mobile equipment fleet will also be initiated. A total budgeted expenditure of
The Feasibility Study, scheduled for publication in Q2 2025, will feature updated mineral resource and mineral reserve estimates. A favorable outcome from the study, combined with the receipt of final permits, is anticipated to support an official construction decision.
To support the objective of expanding the mineral resource inventory to improve future mine plans and extend the mine's operational life, the Oko West exploration program has been allocated a budget of
Gurupi Project
The primary objective at the Gurupi Project is to restart exploration activities this year to expand mineral resources. The plan is also to strengthen relationships with government agencies and regional stakeholders. Exploration efforts will focus on data compilation and interpretation, machine learning-based core relogging, conducting a high-resolution survey across 720 km² of highly prospective terrain, and completing soil sampling on targeted areas. These activities aim to prioritize exploration targets and streamline GMIN's future efforts. Additionally, in Q1 2025, the Corporation plans to release a NI 43-101 compliant mineral resource estimate for the Contact, Blanket, and Chega Tudo deposits. A budget of
The guidance ranges reflect the Corporation's operating plans, which include known risks and uncertainties. Unit costs are calculated based on planned production volumes, and variances from estimated production ranges may impact unit costs.
2025 Catalysts
Over 2025, the Corporation will focus on the following activities:
- Commencement of early works at Oko West (Q1-2025)
- Oko West FS publication (Q2-2025)
- Oko West financing (Q2-2025)
- Formal construction decision on Oko West (H2-2025)
- Continuation of detailed engineering at Oko West (2025)
- Greenfield and brownfield exploration (2025)
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 Gold 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 beginning of site preparation and early works construction activities at Oko West all data set out in Figure 1 of this press release; (ii) the TZ mill being expected to operate at nameplate capacity enumerated activities to be advanced during H1-2025; (iii) higher-grade mineralization becoming accessible at TZ in 2025; (iv) the expected enhancement of the TZ grinding and flotation processes; (v) the securing of a full environmental license for Oko West from the Guyana Environmental Protection Agency; (vi) the commencement of early works at Oko West, and of procurement of long-lead items; (vii) the publication of a Feasibility Study for Oko West in Q2 2025, featuring updated mineral reserves and resources; (viii) the restart of exploration activities at Gurupi; (ix) the release of a NI 43-101 compliant mineral resource estimate for Gurupi; * the quoted comments of GMIN's President & Chief Executive Officer; (iv) the above-described steps under which the EPA will reach its final decision (e.g., comment period, disclosure meetings);and (xiv) the above-listed development catalysts at Oko West; 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 the price of gold and currency exchange rates (notably the BRL/USD exchange rate), those outlined in the ESIA and those underlying the data set out in Figure 1 of this press release as well as 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) receiving the IEP and the "No Objection" letter will guarantee the issuance of the final environmental permit for Oko West GMIN's 2024 operational success at TZ will be repeated in 2025, or (ii) TZGMIN will generate sufficient free cash flow to advance the Oko West Project above-listed activities contemplated for H1-2025 on a timely basis, or (iii) near-mine exploration at TZ or regional exploration in the Tapajos area will yield positive results the above-listed development catalyst at Oko West will materialize as contemplated, or (iv) the EPA process to issue and deliver the final environmental permit for Oko West Feasibility Study will prove positive and the final permits will be obtained unfold as contemplated, or (v) an official construction decision for Oko West will be made in 2025, or (vi) the Oko West exploration program will lead to expanding its mineral resource inventory, or (vii) the relationships with government agencies and stakeholders will be strengthened as regards Gurupi, or (viii) the exploration efforts at Gurupi will prove fruitful, or (ix) more generally, GMIN will achieve its stated objectives for TZ and Oko West or use TZ and Oko West to grow GMIN into the next mid-tier precious metals 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
FAQ
What is GMINF's projected gold production for 2025?
What are GMINF's expected All-in Sustaining Costs (AISC) for 2025?
How much is GMINF investing in Oko West development for 2025?
When will GMINF release the Oko West Feasibility Study?
What is GMINF's total sustaining capital expenditure for 2025?
