#G Mining #Brossard #Oko West #Guyana #Gold Project

G Mining Ventures: Oko West Gold Project's Promising Future

G Mining Ventures Corp. has marked a significant milestone in the mining sector with the release of its feasibility study for the Oko West Gold Project, located in Region 7 of Guyana. This comprehensive study highlights the project's economic potential and its alignment with responsible mining practices.

Strong Economic Metrics

The feasibility study confirms an impressive after-tax net present value (NPV) of approximately $2.2 billion with a 5% discount rate. Moreover, the internal rate of return (IRR) stands at an attractive 27%, with a payback period of just 2.9 years based on a base case gold price of $2,500 per ounce. In scenarios where gold prices rise to $3,000, the after-tax NPV increases to $3.2 billion, and the IRR rises to 35%. These metrics indicate robust financial viability for the endeavor.

The Oko West Project anticipates average annual gold production of around 350,000 ounces over an expected mine life of 12.3 years. The All-In Sustaining Cost (AISC) for production has been estimated at $1,123 per ounce, showcasing the low-cost nature of the operation and positioning G Mining Ventures favorably in the market.

Employment and Economic Growth

One of the standout aspects of this project, aside from its financial metrics, is its potential economic impact on the local community. It is projected to create an average of 1,270 direct, permanent jobs, significantly contributing to the economy of the region. G Mining Ventures recognizes the importance of nurturing relationships with the local communities and the Government of Guyana, underlining its commitment to sustainable development.

Environmental Stewardship

The company has proactively engaged in environmental considerations, submitting an Environmental Impact Assessment (EIA) to Guyana's Environmental Protection Agency (EPA) in late 2024. Following an interim environmental permit granted in December 2024, G Mining Ventures has begun early works construction activities. The final environmental permit is anticipated within the second quarter of 2025, paving the way for full-scale construction.

President and CEO Louis-Pierre Gignac expressed enthusiasm about the project's potential while affirming the company’s commitment to responsible practices as they expand their operations. The positive economic indicators combined with environmental considerations signal a forward-thinking approach as G Mining Ventures aims to become a mid-tier precious metals producer.

Future Project Timeline

The timeline for the Oko West Gold Project is strategically laid out, with the target for the construction decision set for the second half of 2025. Full-scale construction is expected to commence thereafter, leading to the targeting of commissioning by late 2027 and commercial production by early 2028.

As G Mining Ventures continues to cultivate its existing assets and initiatives, including the Tocantinzinho Gold Mine in Brazil, the Oko West Project presents a compelling opportunity for growth in the mining industry, particularly in Guyana's rapidly developing economy.

The combination of impressive financial forecasts, committed community engagement, and environmental responsibility positions G Mining Ventures as a leader in the responsible mining sector.