G Mining Ventures Receives Approval of SUDAM Tax Incentive
G Mining Ventures (TSX: GMIN)
Announced that the Superintendência do Desenvolvimento da Amazônia (“SUDAM”) has formally approved the Tocantinzinho Gold Mine, located in Pará State, Brazil, for inclusion in its regional development tax incentive program.
This will be for a period of 10 years.
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| G Mining Ventures | TSX: GMIN | |
| Stage | Development + Exploration | |
| Metals | Gold | |
| Market cap | C$6.45 billion @ C$28.43 | |
| Location | Brazil, Guyana | |
| Website | www.gminingventures.com |
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G Mining Ventures Announces Approval of SUDAM Tax Incentive for Tocantinzinho Gold Mine
BROSSARD, QC,Oct. 2, 2025/CNW/ –G Mining Ventures Corp.(“GMIN” or the “Corporation“) (TSX: GMIN)(OTCQX: GMINF) is pleased to announce that theSuperintendência do Desenvolvimento da Amazônia(“SUDAM“) has formally approved the Tocantinzinho Gold Mine (“TZ“), located in Pará State, Brazil, for inclusion in its regional development tax incentive program.
With this approval, the Brazilian nominal corporate income tax rate applicable to TZ will be reduced from 34% to approximately 15.25% for a period of 10 years, from fiscal year 2025.
The incentive is renewable following the initial term and is expected to materially enhance after-tax earnings and free cash flow generation.
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Louis-Pierre Gignac, President & Chief Executive Officer said,
“The approval of this tax incentive further strengthens TZ’s already robust economics and affirms the value of our investment in the Amazon region.
“With over 80% of our workforce from Pará and 99.8% Brazilian employees, we are deeply committed to sustainable growth that benefits local communities.
“By lowering our effective tax rate, we expand margins and increase free cash flow — reinforcing TZ’s role as the engine that funds our disciplined growth pipeline for our Oko West Gold Project in Guyana and our advanced exploration at Gurupi.
“This outcome highlights strong local support and underscores the execution capabilities of our in-country team.”
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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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