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. (OTCQX: GMINF; TSX: GMIN) generates frequent news as it advances a portfolio of gold assets anchored by the Tocantinzinho Gold Mine in Brazil and the Oko West and Gurupi projects in Guyana and Brazil. This news page aggregates company announcements so readers can follow operational performance, project milestones and exploration results in one place.
Recent updates highlight quarterly production and financial results from Tocantinzinho, including gold output, plant throughput, recoveries, cash costs and all-in sustaining costs. These releases also discuss revenue, EBITDA, free cash flow and liquidity, showing how the mine’s performance supports the company’s broader growth strategy.
News items also cover project development at Oko West, such as the receipt of the Environmental Permit from Guyana’s Environmental Protection Agency, the Board’s formal construction decision, detailed engineering progress, procurement of long-lead equipment and early works on site. Financing developments, including a revolving credit facility and equipment financing arrangements, are reported as key steps in funding construction.
For the Gurupi Project, company releases describe regulatory milestones, including a Federal Court ruling that clarified the licensing framework, as well as exploration budgets, trenching results and planned drilling programs. Additional news focuses on exploration success at Oko West and Gurupi, ESG metrics, tax incentive approvals at Tocantinzinho and other corporate developments.
Investors and followers of GMINF can use this page to review historical and ongoing news about production, costs, financing, permitting, exploration and ESG disclosures across the company’s gold portfolio.
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
G Mining Ventures (TSX: GMIN, OTCQX: GMINF) announced the closing of $50 million in private placements with La Mancha and Franco-Nevada. This involved issuing 15,114,250 common shares to each entity at C$2.279 per share. The Ontario Superior Court granted the final order approving the arrangement with Reunion Gold, which is expected to close around July 15, 2024. A new entity, New GMIN, will hold the combined business of GMIN and Reunion Gold. New GMIN shares will be listed on the TSX, replacing the current GMIN shares, subject to TSX approval. Full details are available on SEDAR+ and GMIN's website.
G Mining Ventures Corp. (TSX: GMIN, OTCQX: GMINF) announced shareholder approval for its merger with Reunion Gold The merger, resulting in a new entity 'New GMIN', is set to finalize around July 15, 2024, pending regulatory approvals. Additionally, a $50 million private placement with La Mancha and Franco-Nevada was approved, expected to close by July 12, 2024. Shareholders also elected new directors and confirmed PricewaterhouseCoopers LLP as auditors. The merger and private placements aim to bolster G Mining's financial position and facilitate its growth in precious metals production.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.