#Canada #Brossard #Oko West #G Mining Ventures #Tocantinzinho

G Mining Ventures Corp. Reports Strong Q1 2025 Performance

G Mining Ventures Corp. (TSX: GMIN) has recently unveiled its financial and operational results for the first quarter of 2025, showcasing a remarkable performance characterized by a significant increase in production and sustained financial health. The company successfully produced approximately 35,600 ounces of gold at a competitive all-in sustaining cost (AISC) of $960 per ounce, marking the second consecutive quarter of positive free cash flow and an unblemished safety record.

According to President and CEO Louis-Pierre Gignac, the quarter laid down a robust foundation for the company as it strives to reach its production guidance for 2025. The operational highlights underscored a consistent ramp-up toward attaining nameplate production capacity, supported by a strong cash position of $149 million, positioning GMIN for future developments at its Oko West project.

Financial Overview

The financial results of G Mining Ventures for Q1 2025 reflect their operational efficiency. The corporation reported net income of $24.4 million, equating to $0.11 per share, with an adjusted net income of $35.4 million or $0.16 per share. This upswing comes alongside an adjusted EBITDA of $68.6 million. Furthermore, cash flow from operating activities reached $39.4 million before accounting for non-cash working capital changes, while free cash flow totaled $36 million, demonstrating solid financial stability.

Operational Highlights

The first quarter showed strong operational productivity, with total tonnes mined standing at 3.7 million, comprising 1.5 million tonnes of gold ore. Nevertheless, the company faced challenges due to significant rainfall, which resulted in a lower strip ratio of 1.45 and impacted overall productivity. Despite these obstacles, GMIN’s average gold recovery rate of 87.7% aligned well with expectations set in previous feasibility studies.

G Mining took significant strides in their development projects as well. A notable achievement for the quarter was the commencement of early construction works at the Oko West project in Guyana, following the approval of an Interim Environmental Permit and a positive feasibility report. This study outlines a promising projected lifespan, indicating potential production levels of 350,000 ounces of gold annually over a mine life of 12.3 years with a competitive estimated AISC of $1,123 per ounce.

Market Position and Strategic Goals

Amidst a fluctuating market environment, G Mining Ventures has further consolidated its position by being included in three prominent benchmark indices, reflecting its growth and significance in the industry. This addition enhances visibility and accessibility for institutional investors and those tracking index funds, providing a platform for capital infusion in future operations.

Looking ahead, GMIN is focused on several key areas, including the finalization of construction for Oko West, increased exploration in the surrounding areas, and advancing their operational efficiency to ensure projected outputs align with guidance estimates. The strategic emphasis remains on building long-term shareholder value through disciplined execution and proactive risk management practices.

Health and Safety Commitment

G Mining Ventures has maintained a strong commitment to health and safety standards. During the quarter, there were no lost-time incidents, illustrating their robust safety protocol implementation during mining activities. Safety remains a fundamental pillar of the company’s operational strategy, reflecting its dedication to preserving workforce wellbeing.

2025 Production Outlook

As G Mining Ventures positions itself for ongoing success, the 2025 production forecasts remain robust. The target production for the year is set at between 175,000 to 200,000 ounces of gold, with expected cash costs between $590 to $655 per ounce. Additionally, GMIN's AISC is predicted to range between $995 to $1,125 per gold ounce sold, reflecting a solid operational footing for the company.

In conclusion, G Mining Ventures Corp. has showcased strong operational and financial metrics for the first quarter of 2025. The successful execution of strategic initiatives and improvement in production costs projects a promising path ahead as the company continues its growth trajectory in the mining sector.