Welcome to our dedicated page for G Mining Ventures news (Ticker: GMINF), a resource for investors and traders seeking the latest updates and insights on G Mining Ventures stock.
G Mining Ventures Corp. (GMINF) provides investors with comprehensive access to corporate developments across its gold exploration and production activities. This news hub aggregates official announcements including project milestones, operational updates, and strategic initiatives from mining-friendly jurisdictions in Brazil and Guyana.
Track key updates ranging from resource estimates to environmental compliance achievements, all curated to support informed analysis of this precious metals developer. The collection emphasizes timely reporting on exploration progress, facility construction phases, and leadership decisions while maintaining strict adherence to factual reporting standards.
Regular updates cover essential aspects of GMINF's operations including drilling results, partnership announcements, and corporate governance matters. This centralized resource eliminates the need to monitor multiple sources, providing stakeholders with verified information directly from company filings and authorized communications.
Bookmark this page for streamlined tracking of G Mining Ventures' progress in advancing its portfolio of gold assets. Combine periodic checks with real-time market data for complete perspective on the company's operational and financial trajectory.
G Mining Ventures has announced its first gold pour at the Tocantinzinho Gold Project in Pará, Brazil. The first pour yielded approximately 440 ounces of gold, and the project is on time and within budget, with commercial production expected in the second half of 2024. Over 2.6 million tonnes of ore containing 78,000 ounces of gold have been stockpiled. The project aims to become Brazil's third-largest primary gold mine, with a projected annual production of 175,000 ounces over a 10.5-year mine life. The initial capital cost is $458 million, with an after-tax NPV5% of $1 billion and an IRR of 34% at a $2,000/oz gold price. The project began construction in September 2022 and started hot commissioning in June 2024, processing 77,000 tonnes of ore. Key upcoming milestones include a shareholders meeting on July 9, 2024, and the anticipated closing of a transaction with Reunion Gold on July 15, 2024.
G Mining Ventures has started ore processing at its Tocantinzinho (TZ) Gold Project in Pará, Brazil, with commercial production expected in the second half of 2024.
The $GMINF project is 97% complete and remains on schedule and on budget. The project aims to produce 175,000 ounces of gold annually over its 10.5-year lifespan. Hot commissioning has begun, initially using 2 million tonnes (Mt) of stockpiled ore, which includes 1.5 Mt of lower-grade ore and 0.5 Mt of higher-grade ore.
CEO Louis-Pierre Gignac highlighted the project's timely progress and its potential to become Brazil's third-largest primary gold mine. The plant's pre-commissioning and commissioning phases have been successfully tested, and the project is poised for commercial production as planned.
G Mining Ventures (TSX: GMIN, OTCQX: GMINF) has provided an update on its Tocantinzinho Gold Project in Pará, Brazil. The project is 93% complete and on track for commercial production in H2 2024, with 95% of construction finished. The total spend to date is $447 million, aligning with the project's budget of $458 million. The project boasts an industry-leading safety record with an LTIFR of 0.04 after 5.2 million person-hours worked. Significant milestones include pre-production mining exceeding targets, completion of critical infrastructure, and successful energization of a 193-km powerline. Operational readiness is advancing with all necessary personnel hired and trained. The spot gold price is near $2,400/oz, enhancing project economics.
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