G Mining Ventures Unveils 2024 ESG Report and Management Changes
G Mining Ventures Corp. (TSX: GMIN; OTCQX: GMINF) has published its comprehensive 2024 Environmental, Social, and Governance (ESG) report, marking a significant year for the corporation as it transitioned from a mine developer to an operator. This shift allows G Mining Ventures to evolve into a multi-asset, mid-tier gold producer, emphasizing its commitment to responsible mining practices. The report, outlining achievements from January 1 to December 31, highlights the company's strides in sustainability, governance excellence, and social engagement.
Highlights of the 2024 ESG Report
The 2024 ESG report showcases various achievements:
Environmental Stewardship
- - Licensing & Permitting: G Mining secured environmental operating licenses for critical infrastructure at the Tocantinzinho Gold Mine in Brazil and initiated environmental permitting at the Oko West Project in Guyana. In November 2024, they filed an Environmental and Social Impact Assessment with Guyana's Environmental Protection Agency.
- - Tailings Management and Recycling: The operations at Tocantinzinho align with the Global Industry Standard on Tailings Management, supported by an independent oversight committee. Impressive recycling efforts were noted, with 94% of mill water and 74% of solid waste recycled, significantly contributing to G Mining's environmental footprint.
- - Biodiversity Initiatives: The company undertook substantial biodiversity efforts, reforesting 33 hectares, rescuing 449 wild animals, and relocating over 2,837 plant specimens. Moreover, they monitored more than 10,000 fauna and flora, showcasing a robust commitment to ecosystem preservation.
- - Greenhouse Gas Reporting: G Mining completed its GHG emissions inventory for Scope 1 and 2 and initiated projects for emission mitigation and reforestation.
Social Responsibility
- - Workforce Development: G Mining is proud to report that 98% of its workforce at the Tocantinzinho Mine are from Brazil, with a significant 67% hailing from the local Itaituba region. The company recorded over R$174 million (~USD 35 million) in local procurement, positively impacting the local economy.
- - Safety & Community Engagement: The company recorded a Total Recordable Incident Frequency Rate (TRIFR) of just 0.08 across 2.49 million hours worked, reflecting their zero harm priority. Additionally, they engaged over 2,309 students through socio-environmental education initiatives and supported 15 community-led projects.
- - Diversity Initiatives: G Mining increased female representation in its workforce to 15.2%, a notable rise from the previous year.
Governance Practices
- - Policy Development: New corporate policies focusing on Human Rights, Climate Change, and Tailings Management have been formalized.
- - Compliance and Training: All corporate leadership received human rights training, underlining G Mining's commitment to ethical governance practices. They have also submitted their initial report addressing modern slavery compliance under Canadian law.
- - Grievance Management: The GMIN Relationship Portal has efficiently handled 100% of reports from 2024, with plans to extend this system to the Oko West and Gurupi projects in 2025.
Management Update
In conjunction with the ESG report release, G Mining Ventures announced important management changes. Dušan Petković, the Senior Vice President of Corporate Strategy, has departed as of July 28, 2025. He played an essential role in the company's success, particularly in securing the Tocantinzinho Gold Project. His responsibilities have been handed over to existing senior leaders to ensure a seamless transition as GMIN implements its growth strategy.
To support these advancements, Jean-François Lemonde has been appointed Vice President of Investor Relations, effective August 4, 2025. His experience in capital markets is anticipated to enhance G Mining's relationship with investors as the company embarks on its next growth phase.
Looking Ahead: 2025 ESG Commitments
G Mining's 2025 ESG goals focus on furthering responsible mining practices and fostering inclusive growth:
- - Reforestation Plans: The company aims to restore an additional 36 hectares, adding to the existing reforestation efforts.
- - GHG Emissions: They will enhance Scope 3 emissions tracking and introduce new mitigation strategies, particularly through ongoing reforestation initiatives.
- - Renewable Energy Exploration: Studies for renewable energy generation, including solar and wind, will be initiated alongside operational efficiency optimizations.
- - Waste Management Improvements: The goal is to achieve a 75% recycling rate of total waste and introduce circular economy practices.
- - Human Rights and Inclusion: Continued assessments and leadership training will be paramount in their operations.
With their commitment to embedding ESG principles in every operation, G Mining Ventures is poised to lead in responsible mining approaches while ensuring the success of its stakeholders and the regions it operates in. For more information about G Mining Ventures and the details of their 2024 ESG report, visit
www.gmin.gold.