G Mining Ventures Successfully Completes Initial US$80 Million Withdrawal from Credit Facility
In a significant financial move, G Mining Ventures Corp. (TSX: GMIN) has successfully completed its first scheduled drawdown of US$80 million from a US$350 million revolving credit facility. This facility, established for the development and construction of the Oko Gold Project in Guyana, was first announced on October 6, 2025. The funding has been strategically allocated to fully repay an outstanding senior secured term loan, previously provided by Franco-Nevada GLW Holdings Corp., amounting to US$80 million. This refinancing is expected to yield annual interest savings of approximately US$1.5 million, thereby reinforcing GMIN's balance sheet and promoting disciplined growth across its portfolio.
Julie Lafleur, the Vice President and Chief Financial Officer of G Mining Ventures, remarked, "Executing this refinancing marks another step in optimizing our capital structure and improving capital efficiency. By lowering our cost of debt, we're realizing meaningful savings while maintaining the financial strength to support Tocantinzinho's operations and the advancement of Oko West. These outcomes reflect our disciplined financial management that underpins GMIN's strategy and our ongoing commitment to creating value for our shareholders."
The revolving credit facility that G Mining Ventures has secured is arranged with a group of prominent international lenders. With a term of four years and the potential for a one-year extension at GMIN's discretion, this facility is crucial for enhancing liquidity and flexibility to support both current operations and development efforts. The assets of the Corporation secure the facility on standard market terms.
G Mining Ventures Corp. positions itself as a pivotal player in the mining sector, focusing specifically on the acquisition, exploration, and development of precious metal projects. The company aims to leverage successful mine development to capitalize on significant value uplift. Currently, GMIN is strategically anchored by its Tocantinzinho Mine in Brazil, supplemented by the promising Gurupi Project also in Brazil, and the Oko West Project in Guyana. All these projects boast considerable exploration potential and are situated in mining-friendly jurisdictions.
With this new funding structure, GMIN is well-equipped for its next phase of growth, potentially evolving into a mid-tier precious metals producer. The company's approach reflects a robust strategy to leverage its capital access and development expertise, targeting successful project outcomes. As the business landscape evolves, GMIN’s ability to adjust and optimize its financial strategies will be pivotal in achieving its corporate objectives, especially amidst fluctuating gold prices and variable market conditions.
For further inquiries or more information about G Mining Ventures, stakeholders can visit www.gmin.gold.
Cautionary Statement: This announcement contains forward-looking statements that may involve risks and uncertainties. Factors such as changes in market conditions, regulatory environments, and exploration results could materially affect the outcomes anticipated in these statements. Therefore, readers are advised to consider these factors when interpreting GMIN's future prospects.
Julie Lafleur, the Vice President and Chief Financial Officer of G Mining Ventures, remarked, "Executing this refinancing marks another step in optimizing our capital structure and improving capital efficiency. By lowering our cost of debt, we're realizing meaningful savings while maintaining the financial strength to support Tocantinzinho's operations and the advancement of Oko West. These outcomes reflect our disciplined financial management that underpins GMIN's strategy and our ongoing commitment to creating value for our shareholders."
The revolving credit facility that G Mining Ventures has secured is arranged with a group of prominent international lenders. With a term of four years and the potential for a one-year extension at GMIN's discretion, this facility is crucial for enhancing liquidity and flexibility to support both current operations and development efforts. The assets of the Corporation secure the facility on standard market terms.
G Mining Ventures Corp. positions itself as a pivotal player in the mining sector, focusing specifically on the acquisition, exploration, and development of precious metal projects. The company aims to leverage successful mine development to capitalize on significant value uplift. Currently, GMIN is strategically anchored by its Tocantinzinho Mine in Brazil, supplemented by the promising Gurupi Project also in Brazil, and the Oko West Project in Guyana. All these projects boast considerable exploration potential and are situated in mining-friendly jurisdictions.
With this new funding structure, GMIN is well-equipped for its next phase of growth, potentially evolving into a mid-tier precious metals producer. The company's approach reflects a robust strategy to leverage its capital access and development expertise, targeting successful project outcomes. As the business landscape evolves, GMIN’s ability to adjust and optimize its financial strategies will be pivotal in achieving its corporate objectives, especially amidst fluctuating gold prices and variable market conditions.
For further inquiries or more information about G Mining Ventures, stakeholders can visit www.gmin.gold.
Cautionary Statement: This announcement contains forward-looking statements that may involve risks and uncertainties. Factors such as changes in market conditions, regulatory environments, and exploration results could materially affect the outcomes anticipated in these statements. Therefore, readers are advised to consider these factors when interpreting GMIN's future prospects.
Topics Financial Services & Investing）
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