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G Mining Ventures (TSX: GMIN)
Announced that it has completed its first gold pour at GMIN’s 100%-owned Tocantinzinho Gold Projectin the State of Pará, Brazil.
The first pour yielded approximately 440 ounces of gold.
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Figure 2 – Vincent-Luc Authier, Construction Manager at TZ with the First Gold Bar Poured at the Mine (CNW Group/G Mining Ventures Corp)
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| G Mining Ventures | TSX: GMIN |
| Stage | Development + Exploration |
| Metals | Gold |
| Market cap | C$1.15 bmillion @ C$2.51 |
| Location | Tapajos, Para State, Brazil |
| Website | www.gminingventures.com |
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G Mining Ventures Announces First Gold Pour at Tocantinzinho Project
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BROSSARD, QC, July 9, 2024 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN, OTCQX: GMINF) is pleased to announce that it has completed its first gold pour at GMIN’s 100%-owned Tocantinzinho Gold Project (“TZ” or the “Project”) in the State of Pará, Brazil.
The first pour yielded approximately 440 ounces of gold, and the Project remains on time and budget for commercial production in the second half of 2024.
Once in commercial production, TZ will become Brazil’s third-largest primary
gold mine.
Highlights
o First gold pour at Tocantinzinho achieved on time and budget, only 22 months after the formal construction decision
o Commercial production and subsequent ramp-up to nameplate plant capacity of 4.7 million tonnes per annum expected to be achieved in H2-24
o Over 2.6 Mt of ore, containing over 78,000 gold ounces, mined and stockpiled ahead of the processing plant ramp-up.
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Louis-Pierre Gignac, President & Chief Executive Officer, commented:
“I am delighted to announce that TZ has achieved the significant milestone of the first gold pour, less than two years after the formal construction decision.
“The team successfully constructed TZ on time and in line with the original budget while maintaining an outstanding safety record. This milestone is a testament to the strength of our self-perform approach and demonstrates our competitive advantage.
“I sincerely thank our employees and contractors for their remarkable efforts in achieving this milestone. I look forward to ramping up the operation to commercial production in the second half of 2024.
“We are excited about TZ’s future and its significant role in Brazil’s gold mining industry.”
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To View G Mining Ventures’ historical news, please click here
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To read the full news release, please click HERE
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Live spot metal prices can be found HERE
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Disclosure
At the time of writing the author holds shares in G Mining Ventures.
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