G Mining Ventures (TSX: GMIN)
Anounced that it has received the Operational Licenses for GMIN’s 100%-owned Tocantinzinho Gold Project in the State of Pará, Brazil – the last remaining
permitting milestone for commercial operation.
The Project remains on time and budget for commercial production in the second half of 2024.
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| G Mining Ventures | TSX: GMIN |
| Stage | Development + Exploration |
| Metals | Gold |
| Market cap | C$1.8 billion @ C$8.41 |
| Location | Tapajos, Para State, Brazil |
| Website | www.gminingventures.com |
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G Mining Ventures Receives Operating Licenses for Tocantinzinho
All amounts are in USD unless stated otherwise
o The receipt of the Operating Licenses marks the last remaining permitting milestone for commercial operation
o Tocantinzinho remains on track to commercial production in H2-24
BROSSARD, QC, August 28, 2024 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN, OTCQX: GMINF) is pleased to announce that it has received the Operational Licenses for GMIN’s 100%-owned Tocantinzinho Gold Project (“TZ” or the “Project”) in the State of Pará, Brazil – the last remaining
permitting milestone for commercial operation. The Project remains on time and budget for commercial production in the second half of 2024.
The Licences received from the Pará State Environmental Agency, Secretaria de Estado de Meio Ambiente e Sustentabilidade (“SEMAS”), include the Operating Licence for mining, processing plant, tailings facilities and the new airstrip.
Receipt of these licenses marks the successful completion of all project construction
activities and authorizes the mine to commence operations at full capacity.
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Louis-Pierre Gignac, President & Chief Executive Officer, commented:
“This final step in the regulatory approval process for TZ is a testament to Brazil’s mining-friendly business environment, its well-structured permitting process and our team’s commitment to excellence in everything we do.
“I am thrilled by the achievement of this major milestone and continue to be excited as I witness the steady progress being made in commissioning the plant allowing us to achieve commercial production in the very near term.”
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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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