G Mining Ventures Declares Commercial Production at Tocantinzinho Gold Mine, by @newswire

BROSSARD, QC, Sept. 3, 2024 /CNW/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to announce…

ceo.ca

• Tocantinzinho reaches commercial production on time and on budget in less than two years
• Tocantinzinho engineered to have a 10.5-year mine life with an average annual gold production of 174,700 ounces, and an average annual gold production of 196,200 for the first five full years
• Nameplate throughput expected by Q1 2025
• Share price outperformed GDXJ by +120% since the construction decision in September 2022

BROSSARD, QC, Sept. 3, 2024 /CNW/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that it has reached commercial production on time and on budget at its 100%-owned Tocantinzinho Gold Mine ("TZ" or the "Mine") located in the State of Pará, Brazil. Commercial production is defined as a period of 30 consecutive days of operations during which the mill operated at a minimum of 60% of nameplate throughput of 12,890 tonnes per day ("tpd"). During August 2024, the mill operated at 76% of nameplate throughput, processing a total of 304,312 ore tonnes (9,817 tpd) at a recovery rate of 88%.

https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/240903-scp-gmin-commericalprod.pdf

G Mining Ventures Delivers PEA for High-Grade Oko West Gold Project in Guyana, by @newswire

All amounts are in USD unless stated otherwise

ceo.ca

• After-tax NPV_5% of $1.4 billion, IRR of 21% and payback of 3.8 years at $1,950/oz base case gold price (long-term consensus)
• After-tax NPV_5% of $2.5 billion, IRR of 31% and payback of 2.0 years at $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
• ESIA submission targeted by year end while progressing towards a Feasibility Study for Q1-2025
• An average of 1,260 direct permanent jobs to be created from the Oko West Project

G Mining Ventures to Acquire the CentroGold Project from BHP, by @newswire

BROSSARD, QC, Sept. 9, 2024 /CNW/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to announce…

ceo.ca

• GMIN to acquire the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHP
• CentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depth
• District-scale land package comprises 47 tenements covering ~1,900 km² and offers potential for multiple new discoveries
• CentroGold to provide long-term growth following Tocantinzinho ramp-up and Oko West development
• Accretive transaction adds to GMIN's project pipeline with no upfront cost

Zitat von Sorgenfrei

https://ceo.ca/@newswire/g-min…re-the-centrogold-project

• GMIN to acquire the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHP
• CentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depth
• District-scale land package comprises 47 tenements covering ~1,900 km² and offers potential for multiple new discoveries
• CentroGold to provide long-term growth following Tocantinzinho ramp-up and Oko West development
• Accretive transaction adds to GMIN's project pipeline with no upfront cost

G Mining hat nichts dafür gezahlt. Es sieht so aus, als ob BHP GMIN einen Vermögenswert gekauft hat, um eine Lizenzgebühr darauf zu erhalten.

https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/240910-scp-gmin-pea.pdf

G Mining Ventures Reports Third Quarter 2024 Production and Financial Results, by @newswire

All amounts are in USD unless stated otherwise

ceo.ca

"I am proud to reflect on the significant milestones achieved this quarter, from our first gold pour and the launch of commercial production at TZ, to the release of robust PEA results for the generational Oko West project, to the acquisition of the highly prospective CentroGold project in Brazil," commented Louis-Pierre Gignac, President & Chief Executive Officer, "These results mark important steps in GMIN's evolution from developer to producer, and reflect our strategic execution, backed by a skilled management team, strong partnerships, and a multi-asset portfolio of long-life, low-cost operations that offer multiple value-creation catalysts. As we approach 2025, we are focused on expanding production at TZ, advancing Oko West's feasibility study, and finalizing the CentroGold acquisition to drive continued growth."

• Gold production of 22,071 ounces at AISC of $1,226 per ounce sold
• 17,144 ounces of gold sold during the quarter at average realized price per ounce of $2,508
• Net Income of $24.3 million and EBITDA of $25.7 million
• Earnings per share of $0.12

Q3 2024 Highlights

Safety:

• Strong safety performance to deliver the Tocantinzinho ("TZ") gold mine with a Lost Time Incident Frequency Rate and Total Recordable Incident Frequency Rate of 0.03 and 0.17, respectively, after a total of 5.8 million person-hours worked.

Operational Results:

• Achieved commercial production at TZ gold mine on September 1, 2024, resulting in one month of commercial production preceded by two months of commissioning during the quarter
• Invested total capital expenditures of $456.9 million to bring TZ to commercial production ^{(1) (2)}
• Produced 22,071 ounces ("oz") of gold ("Au") in Doré during the quarter
• Mined 4.7 million tonnes ("Mt") during the quarter, including 1.8 Mt of ore grading 0.98 g/t with an average waste to ore strip ratio of 1.55
• Processed 716,000 tonnes of ore at an average grade of 1.20 g/t with an average recovery rate of 84.5%
• Sold 17,144 oz of gold at average realized price per ounce of $2,508, with the rest of the Q3 production sold in October

https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/241115-scp-gmin-3q24.pdf

G Mining Ventures Provides Corporate Update

G Mining Ventures Provides Corporate Update

Closes acquisition of the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHP CentroGold contains 1.7 million ounces of indicated and 0.6...

www.prnewswire.com

https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/250108-scp-gmin-4q24-prod.pdf

G Mining Ventures Releases 2025 Production and Cost Guidance

/PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) announces its 2025 operational and cost guidance for...

www.prnewswire.com

G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) announces its 2025 operational and cost guidance for Tocantinzinho Gold Mine ("TZ"), along with planned capital expenditures to progress the Oko West Gold Project ("Oko West") in Guyana and the Gurupi exploration Project ("Gurupi") in Brazil.

Highlights

Production, unit cost and capital expenditure guidance for the full year 2025 are outlined in the table below.

Figure 1: Full Year 2025 Operational and Cost Guidance

"We expect to build on GMIN's 2024 operational success in the year ahead, as TZ ramps up throughput, reaching nameplate capacity early in the year, generating meaningful free cash flow to advance development activities at Oko West," commented Louis-Pierre Gignac, President & Chief Executive Officer, "TZ will remain our focus in 2025 but will be complemented by Oko West development initiatives, including permitting and early works activities. We plan to increase our investment in greenfield and brownfield exploration across our portfolio to uncover low-cost, high-value ounces."

Zitat von Sorgenfrei

https://www.prnewswire.com/new…t-guidance-302355831.html

G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) announces its 2025 operational and cost guidance for Tocantinzinho Gold Mine ("TZ"), along with planned capital expenditures to progress the Oko West Gold Project ("Oko West") in Guyana and the Gurupi exploration Project ("Gurupi") in Brazil.

Highlights

Production, unit cost and capital expenditure guidance for the full year 2025 are outlined in the table below.

Figure 1: Full Year 2025 Operational and Cost Guidance

Operational & Cost Guidance		2025
Tocantinzinho Gold Mine
Gold Production	k oz	175 to 200
Total Cash Costs	$/oz Au sold	$590 to $655
All-in Sustaining Costs 1,2	$/oz Au sold	$995 to $1,125
Sustaining Capital Expenditures
Sustaining	M$	$35 to $45
Near-mine exploration	M$	$2
Capitalized Waste Stripping	M$	$23
Total Sustaining	M$	$60 to $70
Non-Sustaining Capital Expenditures
TZ Regional Exploration	M$	$9
Oko West Exploration	M$	$8
Oko West Project Development	M$	$200 to $240
Gurupi Project	M$	$2 to $4
Total Non-Sustaining	M$	$219 to $261

1.	See the non-IFRS financial measures section.
2.	Guidance assumes a realized gold price of $2,350 and BRL/USD of 5.25

"We expect to build on GMIN's 2024 operational success in the year ahead, as TZ ramps up throughput, reaching nameplate capacity early in the year, generating meaningful free cash flow to advance development activities at Oko West," commented Louis-Pierre Gignac, President & Chief Executive Officer, "TZ will remain our focus in 2025 but will be complemented by Oko West development initiatives, including permitting and early works activities. We plan to increase our investment in greenfield and brownfield exploration across our portfolio to uncover low-cost, high-value ounces."

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https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/250121-scp-gmin-guidance.pdf