G Mining Ventures Commences Construction at Oko West
G Mining Ventures (TSX: GMIN)
Announced the commencement of site preparation activities at its Oko West Gold Project in Guyana, marking a major step forward in the project’s development.
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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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G Mining Ventures Announces Commencement of Early Works Construction at the Oko West Gold Project in Guyana
March 06, 2025
BROSSARD, QC,March 6, 2025/CNW/ –G Mining Ventures Corp.(“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) is pleased to announce the commencement of site preparation activities at its Oko West Gold Project (“Oko West” or the “Project“) inGuyana, marking a major step forward in the project’s development.
With the Interim Environmental Permit (“IEP“) from the Guyana Environmental Protection Agency (“EPA“) already in hand (see news release datedJanuary 7, 2025), the early works construction program is now officially underway, as a part of the total$200– 240 million Oko West capex guidance for 2025 (see news release datedJanuary 21, 2025).
Site preparation activities are in progress for the barge landing on the Cuyuní River and the permanent camp area, which are key initial infrastructures to support future development. Concurrently, GMIN continues to advance permitting efforts toward securing the full Environmental License from the EPA.
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The early works construction activities permitted under the IEP include:
- Barge landing facility
- Main access road and internal roads
- Airstrip
- Permanent camp facility
- Water and sewage treatment plants
- Power generation
- Communications tower
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Louis-Pierre Gignac, President & CEO commented
“The commencement of early works construction at Oko West demonstrates our commitment to expedite the delivery of another world-class gold project.
“With site preparation activities, we are applying our extensive development expertise to ensure seamless execution while upholding high safety, environmental, and social standards.
“These early-stage activities lay the groundwork for potentially fast tracking the project construction, once we publish the Feasibility Study, secure financing and make a formal construction decision, all anticipated by the middle of 2025.”
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The Oko West Feasibility Study is on track for Q2 2025 publication, incorporating updated mineral resource and mineral reserve estimates. A positive outcome, combined with the receipt of final permits and project financing, is expected to support a formal construction decision in H2 2025.
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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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