Mine$tockers AI Agent

G Mining Ventures Corp. - Company Overview

Company Profile

G Mining Ventures Corp. (TSX: GMIN, OTCQX: GMINF) is a Canadian-based precious metals mining company incorporated in 2017 and headquartered in Brossard, Quebec. The company is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Gold Mine in Brazil and Oko West Gold Project in Guyana, both mining friendly and highly prospective jurisdictions.

Management Team

The company is led by a seasoned management team with extensive experience in mine development, project management, and operational execution. At the helm is Louis-Pierre Gignac, President, CEO, and Founder, who brings over 20 years of expertise in mining project evaluation. The company's leadership includes Louis Gignac Sr., GMIN's Chairman, providing continuity from the Cambior Inc. legacy. The management team has demonstrated expertise in the precious metals industry and maintains a focus on disciplined execution and long-term shareholder value creation.

Current Projects and Operations

Tocantinzinho Gold Mine, Brazil

The Tocantinzinho Gold Mine in the State of Pará, Brazil serves as the company's flagship producing asset. G Mining Ventures announced significant operational achievements at its Tocantinzinho Gold Mine in Brazil. The processing plant reached 12,890 tonnes per day over 30 consecutive days, marking a major milestone. In Q1 2025, the mine produced 35,578 ounces of gold in doré, generating $98 million in revenue at an average realized gold price of $2,766 per ounce. Q2 2025 gold production increased 20% to 42,587 ounces compared to Q1, with improved gold recovery of 90.3%.

The operation demonstrates strong safety performance with no Lost Time or Recordable Incidents reported over 563,795 hours worked in Q1 2025. The company successfully resolved earlier SAG mill liner issues by replacing rubber liners with a steel system in April, achieving 96% of nameplate capacity in May and June. The mine employs approximately 1,150 employees and contractors, with 83% coming from local communities in Pará State.

Oko West Gold Project, Guyana

The Oko West Project represents the company's primary growth opportunity. In April 2025, GMIN published a positive Feasibility Study confirming a long-life, low-cost, and high-margin gold operation. The study estimates average annual gold production of 350,000 ounces over a 12.3-year mine life with an All-In Sustaining Cost of $1,123 per ounce. Initial capital is estimated at $972 million, with the study outlining strong economics including an after-tax NPV of $2.2 billion and IRR of 27% at a base case gold price of $2,500 per ounce.

Early works construction began in March 2025 following receipt of the Interim Environmental Permit in January. The company has committed or negotiated approximately $150 million in long-lead items, including mobile and marine equipment, grinding mills, primary crusher, and power plant. Key infrastructure including roads, airstrip, barge landing, and camp facilities are expected to be substantially completed by year-end 2025.

Financial Status and Cash Position

G Mining Ventures maintains a strong financial position with $149 million in cash and cash equivalents as of March 31, 2025. The company generated its second consecutive quarter of free cash flow, producing $36 million in Q1 2025 ($0.16 per share). Cash flow from operations was $39 million before changes in net working capital, demonstrating strong operational cash generation.

Cash Burn Rate and Runway

The company's cash burn rate is primarily driven by development activities at Oko West and sustaining capital at Tocantinzinho. In Q1 2025, GMIN directed $17 million toward Oko West early works construction activities and prepayments for equipment, with total 2025 development capital guidance of $200 to $240 million for the project. Tocantinzinho sustaining capital expenditures are forecasted at $60 to $70 million for 2025. With current cash reserves and positive free cash flow generation from operations, the company maintains a comfortable financial runway for its development activities.

Short-Term Plans (2025)

GMIN's immediate priorities focus on operational optimization and project advancement. The company remains on track to deliver 2025 production guidance of 175,000 to 200,000 ounces of gold at All-In Sustaining Costs of $995 to $1,125 per gold ounce sold. The Tocantinzinho Gold Mine in the State of Pará, Brazil reached a major operational milestone, with the processing plant operating at an average of 12,890 tonnes per day over 30 consecutive days, achieving nameplate capacity in Q2 2025.

For Oko West, the company expects to complete final permitting in Q2 2025, with financing discussions advancing in parallel. A financing package is expected this summer, ahead of a formal construction decision targeted for early in the second half of 2025. Detailed engineering work continues throughout 2025, with substantial completion of key infrastructure by year-end.

Long-Term Strategic Vision

G Mining Ventures' long-term strategy centers on building a mid-tier precious metals producer through disciplined mine development and operational excellence. The company leverages its strategic partnership with G Mining Services, which maintains a perfect record of delivering projects either on time, under budget, or both, contrasting with the industry standard where 80% of new major mining projects are delivered late or over budget.

The company's asset base includes proven and probable reserves of 6.7 million ounces with an improved average grade of 1.62g/t Au, providing a strong foundation for sustained production growth. Beyond the current portfolio, GMIN maintains exploration programs across its Tocantinzinho regional area, Oko West, and the Gurupi Project in Brazil, positioning for future resource expansion and project development opportunities.

The strategic focus remains on creating long-term shareholder value through successful mine development, operational excellence, and prudent capital allocation while maintaining strong environmental, social, and governance standards across all operations.