G Mining / GMIN (TSX)

G Mining Ventures Provides Tocantinzinho Project Update, by @newswire

TSX: GMINOTCQX: GMINF

ceo.ca

• Project remains on schedule and on budget for commercial production in H2-2024
• Total project progress of 93% with construction 95% complete
• Total spend of $447 million (98% of project total)
• Industry leading safety record, with LTIFR of 0.04 after 5.2 million person-hours worked
• 1.5 Mt of ore at 0.85 g/t stockpiled to date ahead of schedule
• Site energized on the national grid with all balance of plant infrastructure commissioned; process plant commissioning in focus and progressing according to the plan and schedule

G Mining Ventures Commences Processing Ore at Tocantinzinho Project: Start of Hot Commissioning

G Mining Ventures Commences Processing Ore at Tocantinzinho Project: Start of Hot Commissioning

/PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to provide an update on commissioning progress at...

www.prnewswire.com

• Project remains on schedule and on budget for commercial production in H2-2024
• Dry and Wet Commissioning well advanced; Hot Commissioning with ore commencing
• Total project progress of 97% with construction essentially complete
• 2.0 Mt of ore stockpiled to date ahead of schedule; building of crushed ore stockpile starting

BROSSARD, QC, June 11, 2024 /CNW/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to provide an update on commissioning progress at GMIN's 100%-owned Tocantinzinho Gold Project ("TZ" or the "Project") in the State of Pará, Brazil. TZ is engineered to produce approximately 175,000 ounces of gold annually over its initial 10.5-year mine life and is on track and on budget for commercial production in H2-2024.

G Mining Ventures Mails Joint Management Information Circular Special Committee and Board of Directors unanimously recommend that Shareholders vote FOR the Arrangement with Reunion Gold

G Mining Ventures Mails Joint Management Information Circular Special Committee and Board of Directors unanimously recommend that Shareholders vote FOR the Arrangement with Reunion Gold, by @newswire

TSX: GMINOTCQX: GMINF

ceo.ca

• Annual general and special shareholders meeting to be held on July 9, 2024, to approve the Arrangement with Reunion Gold
• GMIN Special Committee and Board unanimously recommend voting FOR the Arrangement
• Voting support agreements signed by GMIN insiders and shareholders who in the aggregate own approximately 60% of GMIN common shares outstanding
• La Mancha and Franco-Nevada making concurrent equity investment of up to $60 million priced at C$2.279/share, in addition to La Mancha's intention to purchase up to $10 million of GMIN shares in the open market (once the circular is filed).

Immediately following the completion of the Arrangement:

• GMIN Shareholders will receive 0.25 of a common share of New GMIN (each whole share, a "New GMIN Share") for each GMIN Share held;
• Holders of Reunion Gold Shares (the "Reunion Gold Shareholders") will receive 0.07125 of a New GMIN Share and 0.05 of a common share of Spinco for each Reunion Gold Share held;
• Reunion Gold will assign and transfer to Spinco all of its assets other than the Oko West Project, including C$15 million in cash which GMIN has agreed to fund;
• Existing GMIN Shareholders and Reunion Gold Shareholders will own approximately 57% and 43%, respectively, of New GMIN on a fully-diluted in-the-money basis prior to the concurrent equity financing; and
• New GMIN and Reunion Gold Shareholders will own 19.9% and 80.1%, respectively, of the outstanding common shares of Spinco.