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.
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G Mining Ventures Corp. (TSXV: GMIN, OTCQX: GMINF) announced it has drawn approximately $91 million from its $250 million gold stream with Franco-Nevada. This funding is aimed at the development of the Tocantinzinho Gold Project in Brazil, which is on schedule for commercial production in H2-2024. GMIN also initiated a $40 million Equipment Financing Facility with Caterpillar Financial Services. CEO Louis-Pierre Gignac remarked on the progress and funding satisfaction, reinforcing stakeholder confidence in the project's development.
G Mining Ventures Corp. (TSXV: GMIN, OTCQX: GMINF) reported progress at its Tocantinzinho Gold Project, announcing that it remains on track for commercial production in H2-2024. As of January 31, 2023, detailed engineering is 62% complete, and procurement is 88% complete with total project commitments of $235 million. The project has employed 1,100 workers, predominantly from Brazil, with a strong safety record of over 856,000 man-hours without Lost Time Incidents. Significant milestones include infrastructure upgrades and procurement of major equipment. A virtual site tour is available for stakeholders.
On February 6, 2023, G Mining Ventures Corp. (GMIN) granted 41,292 Restricted Share Units (RSUs) and 91,752 Stock Options to its Vice President, Investor Relations & Communications, as part of its omnibus equity incentive plan. Each RSU allows the holder to receive one Common Share or cash equivalent at market value. The Stock Options are exercisable for five years at C$0.89, with vesting occurring in thirds over three years. G Mining Ventures focuses on acquiring, exploring, and developing precious metal projects, aiming to grow into a mid-tier producer, anchored by its Tocantinzinho Gold Project in Brazil.
G Mining Ventures Corp. (TSXV: GMIN, OTCQX: GMINF) has announced the promotion of Mr. Dušan Petković to Senior Vice President, Corporate Strategy, effective immediately. Petković co-founded GMIN in October 2020 and previously served as Vice President, Corporate Development & Investor Relations. He has been instrumental in securing a US$481 million financing package for the company's flagship Tocantinzinho Gold Project. This promotion reflects Petković's impactful contributions to the company, and CEO Louis-Pierre Gignac expressed confidence in his ability to continue creating value in his new role.
G Mining Ventures Corp. (TSXV: GMIN, OTCQX: GMINF) announced on January 30, 2023, that it has secured conditional approval from the TSX Venture Exchange for a new omnibus equity incentive plan, replacing the existing 2019 stock option plan. The new plan permits the issuance of various equity awards, limited to 7.5% of outstanding shares. Currently, there are 8,822,888 options outstanding under the 2019 Plan. The Corporation granted 3,151,199 stock options with an exercise price of C$0.80, and directors and officers received 900,000 deferred share units and 752,188 restricted share units, respectively, each with specific vesting terms.
G Mining Ventures Corp. (TSXV: GMIN, OTCQX: GMINF) has received approval for a final short form base shelf prospectus, enabling the company to offer securities worth up to C$500 million across various instruments, including common shares and debt securities, over a 25-month period. This strategic move aims to enhance financial flexibility, although the company does not plan any immediate issuances. The prospectus will detail the terms and use of proceeds if offerings occur. G Mining is focused on acquiring and developing precious metal projects, with its flagship asset being the Tocantinzinho Project in Brazil.
G Mining Ventures Corp. (GMIN, GMINF) reported significant developments in its 2022 year-end review, highlighting a positive Feasibility Study for the Tocantinzinho Gold Project with an after-tax NPV of $622 million and an IRR of 24% at a $1,600 gold price. The firm secured a $481 million financing package, enabling project advancement towards expected commercial production in H2-2024. Key achievements included 56% detailed engineering completion, 81% procurement completion, and a reduced net smelter return royalty. The company aims to create over 1,200 jobs during construction and is committed to environmental and community initiatives.
G Mining Ventures Corp. (TSXV: GMIN, OTCQX: GMINF) has filed a preliminary short form base shelf prospectus with Canadian securities regulators. This filing enables the corporation and/or selling security holders to offer securities up to C$500 million over a 25-month period. While this move provides financial flexibility, the company currently has no immediate plans for issuances. The specifics regarding any future offerings will be detailed in subsequent prospectus supplements. The prospectus filing does not constitute a securities sale or solicitation.