G Mining Ventures Corp. Stock Price, News & Analysis

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has appointed Naguib Sawiris, founder of La Mancha group, to its Board of Directors, effective October 11, 2024. Sawiris brings extensive experience in supporting growing companies, particularly in the mining sector. He replaces Karim Nasr as La Mancha's representative on the GMIN Board, which will now consist of 10 members.

Sawiris is a manager of La Mancha Holding Sàrl and has a track record of identifying investment opportunities and advising growing businesses. He holds several board positions, including Executive Chairman of Orascom Investment Holding S.A.E. and Chairman of Ora Developers. Sawiris has been instrumental in transforming GMIN from an explorer-developer to an Americas-focused gold producer.

G Mining Ventures Corp. is a mining company focused on acquiring, exploring, and developing precious metal projects. It is currently anchored by the Tocantinzinho Gold Mine in Brazil and Oko West Project in Guyana.

G Mining Ventures Corp. (GMIN) has announced an agreement to acquire the CentroGold Project in Brazil from BHP. Key highlights include:

• CentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resources
• The project covers a 1,900 km2 land package with potential for new discoveries
• GMIN will pay BHP a 1.0% NSR royalty on the first 1 million ounces produced, and 1.5% thereafter
• The acquisition adds to GMIN's project pipeline with no upfront cost
• CentroGold is viewed as an advanced-stage exploration asset with extensive work completed
• GMIN plans to redesign the project to fit current permitting and economic conditions
• The transaction is expected to close in Q1 2025, subject to approvals

This acquisition aligns with GMIN's strategy of acquiring undervalued assets and growing into a multi-asset gold company.

G Mining Ventures (TSX: GMIN) agreed to acquire the CentroGold Project from BHP in exchange for a 1.0% NSR on the first 1 million ounces and 1.5% NSR thereafter.

CentroGold comprises 47 tenements (~1,900 km2) in Maranhão, Brazil, with a combined JORC-compliant resource of ~2.3 million oz Au (1.7M indicated, 0.6M inferred) across Blanket, Contact and Chega Tudo and remains open for expansion. A 2019 pre-feasibility study outlined a potential 10-year mine with 100–120k oz/year average production (190–210k oz/year in first two years).

The transaction is expected to close in Q1 2025 and is subject to customary closing conditions and competition approvals; GMIN plans an NI 43-101 update and will sequence CentroGold after Tocantinzinho ramp-up and Oko West advancement.

G Mining Ventures (TSX: GMIN, OTCQX: GMINF) announced the results of its 2024 Preliminary Economic Assessment (PEA) for the Oko West Gold Project in Guyana. The PEA highlights:

• After-tax NPV5% of $1.4 billion, IRR of 21%, and payback of 3.8 years at a $1,950/oz base case gold price
• After-tax NPV5% of $2.5 billion, IRR of 31%, and payback of 2.0 years at a $2,500/oz spot gold price
• Average annual gold production of 353,000 ounces at an AISC of $986/oz for 12.7 years
• Startup capital cost of $936 million and sustaining capital of $537 million over the life of mine

The project is set to create 1,260 direct permanent jobs. Permitting is underway with an ESIA submission targeted by year-end, and a Feasibility Study is expected in Q1-2025. G Mining Ventures aims to leverage strong gold prices, regional development expertise, and anticipated free cash flow from its Tocantinzinho Gold Mine.

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has announced commercial production at its 100%-owned Tocantinzinho Gold Mine in Brazil, achieved on time and on budget in less than two years. The mine is engineered for a 10.5-year life with average annual gold production of 174,700 ounces, increasing to 196,200 ounces for the first five full years. Commercial production was defined as 30 consecutive days of operations with the mill at minimum 60% of 12,890 tonnes per day nameplate capacity. In August 2024, the mill operated at 76% capacity, processing 304,312 ore tonnes at 88% recovery. GMIN aims to reach nameplate throughput by Q1 2025, capitalizing on record-high gold prices. The company plans to provide annual guidance for Tocantinzinho in January 2025.

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has published its 2023 Environmental, Social and Governance (ESG) Report, highlighting key accomplishments and future goals. Notable achievements include:

Environmental: 18 hectares reforested, 193-km powerline constructed for clean energy, and 74% of project-generated waste recycled.

Social: Zero lost time incidents, 43% female representation in executive positions, $492,000 contributed to community programs, and 57% local workforce.

Governance: Implementation of a Reporting Channel and legal requirements management tool.

For 2024, GMIN aims to double reforestation efforts, maintain zero harm to people, increase female workforce representation, and achieve 70% of Towards Sustainable Mining Standards.

G Mining Ventures (TSX: GMIN, OTCQX: GMINF) has received the final Operating Licenses for its Tocantinzinho Gold Project in Brazil, marking the last permitting milestone for commercial operation. The project remains on time and budget for commercial production in H2-2024. The licenses, issued by the Pará State Environmental Agency, authorize full capacity operations for mining, processing plant, tailings facilities, and the new airstrip.

Key upcoming milestones include:

• Q3-24: Oko West Project's Preliminary Economic Assessment
• Q4-24: Exploration results from Tocantinzinho and Oko West
• H2-24: Commercial production at Tocantinzinho

GMIN aims to become a mid-tier precious metals producer, leveraging its development expertise and access to capital.

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has announced the completion of its first exports of doré bars from the Tocantinzinho Gold Project in Brazil to a refinery in Switzerland. The project remains on time and budget for commercial production in the second half of 2024. Key highlights include:

- First gold exports sold above $2,400/oz
- Construction completed with excellent safety record
- Production ramp-up progressing well
- July gold production of 4,232 ounces with 85.1% recovery
- Mine to mill reconciliation on target with Feasibility Study
- Process plant commissioning complete, reaching peak feed of 10,000 tonnes per day

The company is now focusing on ramping up to full production and target recoveries by H2 2024.

G Mining Ventures (GMIN) and Reunion Gold have completed their business combination through a court-approved plan of arrangement. Key points:

• GMIN acquires Reunion Gold's Oko West project in Guyana
• Former Reunion Gold shareholders receive 0.07125 New GMIN shares and 0.05 Greenheart Gold shares per Reunion share
• Former GMIN shareholders receive 0.25 New GMIN shares per GMIN share
• New GMIN aims to become a leading intermediate gold producer
• Oko West has 4.3 Moz Indicated and 1.6 Moz Inferred gold resources
• New GMIN shares expected to trade on TSX under 'GMIN' symbol around July 17, 2024
• Greenheart Gold to focus on exploration in Guiana Shield