G Mining Ventures (TSX: GMIN)
Announced its 2025 operational and cost guidance for Tocantinzinho Gold Mine, along with planned capital expenditures to progress the Oko West Gold Project in Guyana and the Gurupi exploration Project in Brazil.
Planned production is between 175,000 and 200,000 ounces of gold at an AISC of US$996 to US$1125.
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| G Mining Ventures | TSX: GMIN | |
| Stage | Development + Exploration | |
| Metals | Gold | |
| Market cap | C$2.97 billion @ C$13.39 | |
| Location | Para State, Brazil, Guyana | |
| Website | www.gminingventures.com |
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Comment
This is just the type of company I like to invest in.
There’s low cost and growing production, with a near term development project being funded through cashflow, and exploration ongoing in three different projects at the same time.
All this in tier 1 jurisdictions with a management team that have done all this before.
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G Mining Ventures Outlines Outlook for 2025
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BROSSARD, QC, Jan. 21, 2025 /CNW/ – G Mining Ventures Corp. (“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) announces its 2025 operational and cost guidance for Tocantinzinho Gold Mine (“TZ“), along with planned capital expenditures to progress the Oko West Gold Project (“Oko West“) in Guyana and the Gurupi exploration Project (“Gurupi“) in Brazil.
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Highlights
Production, unit cost and capital expenditure guidance for the full year 2025 are outlined in the table below.
All amounts are in USD unless stated otherwise.
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Figure 1: Full Year 2025 Operational and Cost Guidance
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Operational & Cost Guidance |
2025 |
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Tocantinzinho Gold Mine |
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Gold Production |
ounces |
175,000 to 200,000 |
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Total Cash Costs |
$/oz Au sold |
$590 to $655 |
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All-in Sustaining Costs 1,2 |
$/oz Au sold |
$995 to $1,125 |
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Sustaining Capital Expenditures |
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Sustaining |
M$ |
$35 to $45 |
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Near-mine exploration |
M$ |
$2 |
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Capitalized Waste Stripping |
M$ |
$23 |
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Total Sustaining |
M$ |
$60 to $70 |
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Non-Sustaining Capital Expenditures |
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TZ Regional Exploration |
M$ |
$9 |
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Oko West Exploration |
M$ |
$8 |
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Oko West Project Development |
M$ |
$200 to $240 |
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Gurupi Project |
M$ |
$2 to $4 |
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Total Non-Sustaining |
M$ |
$219 to $261 |
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1. |
See the non-IFRS financial measures section. |
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2. |
Guidance assumes a realized gold price of $2,350 and BRL/USD of 5.25 |
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Louis-Pierre Gignac, President & Chief Executive Officer commented,
“We expect to build on GMIN’s 2024 operational success in the year ahead, as TZ ramps up throughput, reaching nameplate capacity early in the year, generating meaningful free cash flow to advance development activities at Oko West.
“TZ will remain our focus in 2025 but will be complemented by Oko West development initiatives, including permitting and early works activities.
“We plan to increase our investment in greenfield and brownfield exploration across our portfolio to uncover low-cost, high-value ounces.”
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Tocantinzinho Gold Mine
The Corporation is focused on ramping up production and controlling operating costs at TZ. Annual gold production at TZ is forecasted to range between 175,000 and 200,000 ounces.
Gold output is anticipated to be higher in the second half of the year (56% of the total) as higher-grade mineralization becomes accessible according to the mine plan.
In Q1 2025, we aim to complete the installation of an advanced process control system to enhance the efficiency of the grinding and flotation processes at the plant.
Cash Costs and All-in-Sustaining-Costs (“AISC“) are expected in the ranges of $590 and $655 per ounce sold and $995 and $1,125 per ounce sold, respectively.
Approximately 75% of costs are denominated in local currency.
Total sustaining capital expenditures for 2025 are projected at $60 to $70 million, which includes $23 million for capitalized stripping and $2 million for near-mine exploration.
Sustaining capital expenditures, excluding capitalized waste stripping, are estimated at $35 to $45 million. This includes $20 million for mining equipment, $10 million for major components of the mobile fleet, $4.5 million for tailings management, and additional minor expenditures related to the process plant and other capital items.
Regional exploration in the Tapajos within the mining concession and surrounding claims is classified as non-sustaining and excluded from AISC. A budget of $9 million is planned for 2025 to test 23 targets within a 5km radius with the primary goal to identify additional deposits.
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To read the full news release, please click HERE
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The live gold price 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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