G2 Goldfields (TSX: GTWO)
Following a recent meeting with management, we are initiating coverage of G2 Goldfields.
G2 has a series of projects in a prolific high-grade gold trend in Guyana, some bordering G Mining Ventures’ project.
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G2 Goldfields | TSX: GTWO |
Stage | Development + Exploration |
Metals | Gold |
Market cap | C$518m @ C$2.17 |
Location | Guyana |
Website | https://g2goldfields.com |
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Initiating coverage – G2 Goldfields (TSX: GTWO)
Following a recent meeting with management, we are initiating coverage of G2 Goldfields.
G2 has a series of projects in a prolific high-grade gold trend in Guyana, some bordering G Mining Ventures’ project.
Anglogold Ashanti became a shareholder in a recent financing, and I imagine that’s with a view to being at the table when the anticipated bidding war starts.
G2 are preparing a spin-out of G3 Goldfields, so that suggests to me G2 may be the subject of some corporate action in the near term.
G Mining Ventures look to be the most likely suitor so maybe that’s why Anglogold took their stake?
If they take out G2 Anglogold would then be in a position to bid for G Mining and consolidate their projects.
All to play for here, I feel this may be a play in 2025.
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CAPITAL STRUCTURE
NOVEMBER 01, 2024
Common Shares Outstanding
239,238,615
Shares Fully Diluted
Fully Diluted Insider Shareholding
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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 no shares in G2 Goldfields
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