#Canada #Brossard #G Mining Ventures #Tocantinzinho Gold Mine #Oko West Project

G Mining Ventures Reveals 2025 Operational Plans

G Mining Ventures Corp. (GMIN) has announced its operational strategy for the upcoming year of 2025, focusing on its flagship Tocantinzinho Gold Mine (TZ) in Brazil while also advancing the Oko West Gold Project in Guyana and the Gurupi Project in Brazil. This announcement comes as GMIN aims to build upon a successful 2024 with a clear roadmap that emphasizes production increases and cost containment strategies.

Key Production and Cost Goals

In 2025, GMIN expects to produce between 175,000 to 200,000 ounces of gold from its Tocantinzinho mine. The mine is anticipated to operate at its nameplate capacity of 12,890 tonnes per day, utilizing a mix of fresh rock and softer ores. Notably, the production output is expected to be skewed toward the latter half of the year, as higher-grade mineralization is projected to become more accessible according to the mine's operational plan.

The company has set ambitious cash costs ranging between $590 to $655 per ounce of gold sold and an all-in sustaining cost (AISC) projected to be between $995 and $1,125 per ounce. This pricing strategy reflects ongoing inflation trends and the operational impacts from local currency fluctuations, especially considering that 75% of the company's costs are incurred in Brazilian Real.

Capital Expenditures for 2025

Total sustaining capital expenditures for the year are estimated between $60 million and $70 million. This amount covers various operational aspects, including near-mine exploration and capitalized waste stripping. Specifically, $35 to $45 million will be allocated for sustaining capital and $23 million is earmarked for capitalized stripping activities. In addition, the company plans to invest around $9 million into regional exploration efforts aimed at uncovering additional gold deposits that could enhance future production.

The Oko West project, another focus for GMIN, will see an initial capital expenditure planned between $200 million and $240 million, directed toward obtaining required environmental permits and beginning essential site preparations.

Exploration Focus

GMIN is also expanding its exploration initiatives. Efforts at Oko West will include early works to secure an environmental license, site preparation, and the procurement of long-lead equipment. They aim to finalize their feasibility study for Oko West by the second quarter of 2025, which will include up-to-date resource estimates critical for the project’s future.

Moreover, the Gurupi project is set to restart exploration activities, with a budget ranging from $2 million to $4 million aimed at expanding mineral resources and refining relationships with local governmental entities.

Management's Optimistic Outlook

Louis-Pierre Gignac, President and CEO of G Mining Ventures, expressed optimism regarding GMIN's capability to enhance operational efficiency and generate significant free cash flow in 2025. As the company embarks on this new chapter, the focus remains on maximizing the value from existing assets while confidently pursuing growth opportunities across its portfolio.

In summary, G Mining Ventures Corp. is poised for an exciting year in 2025, with a strategic focus on ramping up production and managing costs effectively while exploring new growth avenues within its mining ventures.