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TZ mine Vista in Brazil – Courtesy of G Mining Ventures

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G Mining Ventures (TSX: GMIN)

Announced that a recent ruling by the 8th Federal Environmental and Agrarian Court of the Judicial Section of Maranhão has provided regulatory clarity for the advancement of the Gurupi Gold Project in Brazil.

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G Mining Ventures Updates on Gurupi Project Licensing Process

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G Mining Ventures  (TSX: GMIN)

Announced that its Tocantinzinho Gold Mine in the State of Pará, Brazil reached a major operational milestone, with the processing plant operating at an average of 12,890 tonnes per day over 30 consecutive days.

The Corporation also reports gold production for the second quarter of 2025 of 42,587 ounces.

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G Mining Ventures Achieves Nameplate Capacity at Tocantinzinho; Q2 2025 Production Results Released

July 08, 2025

 

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G Mining Ventures (TSX: GMIN)

Reported its production and financial results for the quarter ended March 31, 2025.

GMIN produced 35,578 ounces  of gold  in Doré, at  All-in sustaining costs of $960 per oz Au sold.

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May 15, 2025

Credit G Mining Ventures

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Market Review April 2025 Published

With comments on Calibre Mining, G Mining Ventures, Orla Mining, and West Red LAke Gold Mines.

The highlighted company is Minerals 260, listed on the ASX.

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South Crofty tin Mine, Cornwall.

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City Investors Circle Market Review April 2025 Published

With comments on Calibre Mining, G Mining Ventures, Orla Mining, and West Red Lake Gold Mines.

The highlighted company is Minerals 260, listed on the ASX.

The review also covers all the news from the watchlist companies during April, and links to the reports.

Precious and base metal price movements are covered.

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To read the April 2025 Market Review online, please click here

To register to receive future Reviews and to receive invitations to our free to attend events, please email   Andrew@city-investors-circle.com

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Live metal prices can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author may hold shares in some or all of the companies mentioned

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G Mining Ventures (TSX: GMIN)

Announced the results of its Feasibility Study for the development of its wholly-owned Oko West Gold Project located in Region 7,Guyana.

The FS confirms robust economics for a low-cost, large-scale, conventional open pit and underground mining and milling operation, with industry-leading operating costs and high rate of return.

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Mining Review 13th April 2025

What a wonderful week for the gold price and producing gold miners. The price of gold soared 6.61% in US dollars, as the dollar fell due to Trump’s tariffs.

Share prices of gold miners responded spectacularly is some cases, with G Mining Ventures, Calibre Mining, and Gold Road rising to new highs, to name but three.

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Gruyere Mine, picture courtesy of Gold Road Resources

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City Investors Circle Mining Review 13th April 2025

Mining Review 13th April 2025

What a wonderful week for the gold price and producing gold miners.

The price of gold soared 6.61% in US dollars, as the dollar fell due to Trump’s tariffs, and continued to fall even after most tariffs were delayed by ninety days as the US bond market reacted in fear.

Trump is trying to remove Wall Street’s power, a battle I think he will lose as the financiers have the tools to make the economy sink very quickly if they want to, a lesson he may now be learning to his cost.

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Share prices of gold miners responded spectacularly is some cases, with G Mining Ventures, Calibre Mining, and  Gold Road Resources rising to new highs, to name but three.

The news event of the week was Wesdome Gold’s bid for Angus, two stocks that we cover.

This deal makes a lot of sense as Angus hold strategic ground close to Wesdome’s, and givesWesdome domination of the district, with the financial resources to exploit it.

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My decision to ditch my explorers and focus on producing gold miners a year ago is bearing fruit, and I am sticking with it save for a couple of introductory small purchases of a couple of explorers that I think may turn out to be profitable over the longer term.

The latest purchase was Power Metals (PNPN.V) which has sunk a bit since my initial purchase, highlighting the risk of buying at the end of a European roadshow!  I invest for the longer term so I’m not concerned about a small drop.

I have added to my 2025 ISA and already added to my holding in West Red Lake Gold Mines. I did this despite my disappointment at the recent CAD$20 million flow through placing with a full warrant, as I feel that once they commence production, this will rerate if the current record high gold price continues.

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It’s a great feeling looking at the portfolio every day when shares are rising in price, let’s hope this continues for a good while yet, we gold investors have had some lean years to make up for!

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  West Red Lake Gold Mines Reflected on their Madsen Mine Achievements

  Wesdome Announced First Quarter 2025 Production

  G Mining Ventures Filed a NI 43-101 Technical Report for the Gurupi Gold Project

  Awalé Hit 1.6 g/t Gold Eq. over 45m at the BBM Zone

  Wesdome Gold Bids For Angus

  Barton Gold Monthly Update

  Mining Review 6th April 2025

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Market Data

Weekly Price Changes

(US$ unless stated).

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

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G Mining Ventures (TSX: GMIN)

Louis-Pierre Gignac, the Founder, President & CEO of G Mining Ventures, has been named Kitco Mining’s 2024 CEO of the Year in the producer category.

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Comment

This award is well deserved in my opinion, G Mining has been doing everything right since I began following the company.

My only concern is they may recieve a hostile bid whilst they’re still a mid cap producer, whereas I feel this is a long term buy and hold stock.

Anglogold are a close neighbour in Guyana and it would not surprise me if GMIN and Anglo go head to head in bidding for G2 Goldfields’ Oko project in Guyana

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Kitco Mining names G Mining Ventures CEO Louis-Pierre Gignac Producer of the Year

(Kitco News) – Louis-Pierre Gignac, the Founder, President & CEO of G Mining Ventures (TSX: GMIN), has been named Kitco Mining’s 2024 CEO of the Year in the producer category.

The award comes on the heels of a successful year for G Mining Ventures, marked by the completion of its Tocantinzinho gold mine in Brazil and a strategic acquisition in Guyana.

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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

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in G Mining Ventures.

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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)

Provided an update on year-end 2024 mineral reserves and mineral resources and announce the updated mineral resource estimate for its 100% owned, advanced exploration-stage Gurupi Project, located in northern Brazil

Highlights: M & I Resources 8.28 million ounces, Inferred Resources: 2.40 Moz, and Proven & Probable Reserves: 2.03 Moz.

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Comment

A really positive update from a company run really well by an experienced management team.

If the gold price remains around the current levels GMIN are well placed to forge ahead with the extra revenue self-funding its advanced exploration projects.

The old mantra applies here, my first rule of investing is quality management.

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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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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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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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G Mining Ventures (TSX: GMIN)

Announced that it has received an interim environmental permit from Guyana’s Environmental Protection Agency in response to its EIA and EIS  submissions made in November 2024 for the Corporation’s Oko West Gold Project.

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G Mining Ventures Receives Vital Permit for Oko West

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BROSSARD, QC, Jan. 7, 2025 /CNW/ – G Mining Ventures Corp. (“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that it has received an interim environmental permit (the “Interim Environmental Permit” or “IEP“) from Guyana’s Environmental Protection Agency (“EPA“) in response to its Environmental Impact Assessment (“EIA“) and Environmental Impact Statement (“EIS“) submissions (jointly, “ESIA“) made in November 2024 for the Corporation’s Oko West Gold Project (“Oko West” or the “Project“).

The IEP is valid for one year and, together with the “No Objection” letter received from the Guyana Forestry Commission, GMIN has fulfilled the requirements to initiate early works construction activities.

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GMIN intends to advance the following early works activities in H1-2025:  

• Barge Landing facility
• Main access road and internal roads
• Airstrip
• Permanent camp facility
• Water and sewage treatment plants
• Power generation and communication tower

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Louis-Pierre Gignac, President & CEO commented,

“The approval of the Interim Environmental Permit represents an important step in reaching a construction decision for the Oko West Project.

“The receipt of this permit supports a collaborative engagement between  Guyana’s EPA, Forestry Commission and nearby communities in Region 7 ensuring alignment with GMIN’s mine development activities in country. 

 

“We are excited to have the opportunity to commence early works activities ahead of schedule and to grow the local team in preparation for the main construction phase.” 

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The public can access the Oko EIA and EIS submissions in the National Library, University Library, the Regional Democratic Council Region 7 office and on GMIN’s website (Oko West Gold Project page).  

Following a 60-day comment period, EPA review of the submission, disclosure meetings and publication of the final ESIA report, the EPA will reach a decision with respect to the granting of the final environmental permit for Oko West.

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Looking ahead, additional development catalysts at Oko West include:

• Commencement of early works (Q1-2025)
• Feasibility Study publication (Q2-2025)
• Full permit (Q2-2025)
• Formal construction decision (H2-2025)
• Continuation of detailed engineering (2025)
• Greenfield and brownfield exploration (2025)

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To read the full news release, please click HERE

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Mining Review 24th November 2024

The Swiss Mining Institute Conference in Zurich was a lively affair, with a good number of investors participating.

Orla Mining’s purchase of the Musselwhite operating mine was the big news of the week.

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Swiss Mining Institute Conference, Zurich

Mining Review 24th November 2024

The Swiss Mining Institute Conference in Zurich was a lively affair, with a good number of investors participating.

As one would expect with an event organised in Switzerland, everything from the initial registration through to the dinner on the final evening went smoothly. Swiss Mining Institute run a good show, Sarah at registration keeps tabs on everything, and ensures meetings take place by chasing around to find companies not located on their booths.

I really enjoy this conference, the booths are arranged in alphabetical order which makes navigation between meetings easy. The location is the wonderful Dolder Grand Hotel, at the top of the mountain overlooking the city of Zurich.

My route there is via tram and then the Dolderbahn rack railway which runs up the side of the mountain to the hotel at the top.

The only downside was the weather, where a heavy snowfall resulted in the closure of the airport in the evening and my return flight being cancelled on Friday, necessitating a stop-over until Saturday morning.

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Mining Review

Orla Mining’s purchase of the Musselwhite operating mine in Canada was the big news of the week. This was unexpected, an announcement out of the blue, that Orla had purchased this operating gold mine in Canada for around $850 million from Newmont.

I do wonder if they are having delays at their South Railroad project so made this purchase to maintain their growth strategy until South Railroad permits are received?

Either way this should double their production and if gold moves higher will look like an opportune deal. They will look to increase the resource with further exploration.

Calibre Mining, who I met at the conference, announced another discovery in Nicaragua, that should lead to an increase in resources in the near term. Valentine construction is nearly complete and should commence initial production in H2 2025.

Calibre look to be on track, the next challenge is to see if they bring Valentine online on time and budget.

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A list of news from our watchlist companies is below, please click the link to be take to the full story.

 Swiss Mining Institute Conference Day 2

  Swiss Mining Institute Conference Day 1

  G Mining Ventures Reported Q3 2024 Production and Financial Results

  Calibre Mining Announce a  Significant High-Grade Mineralization at Limon

  Orla Mining Expands into Canada with Musselwhite Acquisition

  Westgold’s Bluebird – South Junction MRE Grows to 1.4Moz

  Mining Review 17th November 2024

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..

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness,and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.D

G Mining Ventures  (TSX: GMIN)

Reported its first its production and financial results for the three and nine months ended September 30, 2024, and provide an operational update.

Highlights were gold production of 22,071 ounces at AISC of $1,226 per ounce sold, 17,144 ounces of gold sold.

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Vincent-Luc Authier, Construction Manager at TZ with the First Gold Bar Poured at the Mine (CNW Group/G Mining Ventures Corp)

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G Mining Ventures Reports Third Quarter 2024 Production and Financial Results

G Mining Ventures (TSX: GMIN)

Announced that Franco-Nevada Corporation has agreed to exercise by no later than December 4, 2024, the 11,500,000 common share purchase warrants issued to them in connection with the Corporation’s Tocantinzinhoproject financing package announced in 2022.

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Vincent-Luc Authier, Construction Manager at TZ with the First Gold Bar Poured at the Mine (G Mining Ventures Corp)

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G Mining Ventures Announces Proposed Exercise of Share Purchase
Warrants Held by Franco-Nevada

BROSSARD, QC, Nov. 6, 2024 /CNW/ – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that
Franco-Nevada Corporation (“Franco-Nevada”) has agreed to exercise by no later than December 4, 2024, the 11,500,000 common share purchase warrants (“Warrants”) issued to them in connection with the Corporation’s Tocantinzinho (“TZ”) project financing package announced in 2022 (see press releases dated July 18, 2022 and July 22, 2022).

Pursuant to the proposed exercise, the Corporation will issue 2,875,000 common shares to Franco-Nevada for aggregate gross proceeds of $21.85 million.

Each Warrant entitles Franco-Nevada to acquire 0.25 of a common share of GMIN at an exercise price of $1.90 per 0.25 of a share, equivalent to $7.60 per whole share, on or before the expiry date of July 21, 2027. Under the terms of the Warrants, the Corporation is permitted to accelerate the expiry date if its shares have traded on the Toronto Stock Exchange at a volume-weighted average price of greater than $12.00 for a period of 10 consecutive trading days (the “Acceleration Event”).

The Acceleration Event has been realized as of October 31, 2024, and, as a result, the Corporation has elected to accelerate the expiry date to December 4, 2024.

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Louis-Pierre Gignac, President & Chief Executive Officer of GMIN stated,

“We are pleased to announce this warrant acceleration and exercise, a testament to GMIN’s commitment to delivering shareholder value, underpinned by our successful execution of the Tocantinzinho mine construction and strict capital discipline.

 

“We deeply appreciate Franco-Nevada’s steadfast support and confidence in our vision.

 

“Their partnership was instrumental in achieving the milestone of TZ’s first gold pour and reaching commercial production in 2024, on schedule and within budget.”

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History

Franco-Nevada invested US$352.2 million in development capital for GMIN’s TZ project in Brazil.

This investment included a US$27.5 million equity investment, a US$250 million gold stream and a US$75 million senior secured term loan.

The equity portion of the investment was made at $3.20 per share, representing a
23% premium to the closing price on the day before the deal announcement ($2.60 per share).

The $12.00 per share required to trigger the Acceleration Event represents a 275% premium to the $3.20 per share equity investment and a 362% premium to the closing price on the day before the deal announcement.

Upon exercise of these Warrants, GMIN will have eliminated all warrant instruments, marking a significant milestone in the Corporation’s capital structure and growth trajectory.

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To read the full news release, please click HERE

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G Mining Ventures  (TSX: GMIN)

Has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects Preliminary Economic Assessment technical report for GMIN’s Oko West gold project in Guyana, with an effective date of September 4, 2024.

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G Mining Ventures Files NI 43-101 Technical Report for the Oko West Gold Project in Guyana

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BROSSARD, QC, October 15, 2024 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN, OTCQX: GMINF) today announced that the Corporation has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) Preliminary Economic Assessment (“PEA”) technical report for GMIN’s 100% owned Oko West gold project in Guyana, with an effective date of September 4, 2024 (the “Report”).

Report results were previously announced in GMIN’s news release dated September 9, 2024.

G Mining Services Inc. was responsible for the overall Report and PEA coordination, property description and location, accessibility, history, mineral processing and metallurgical testing, mineral resource estimation, mining methods, recovery methods, project infrastructures, operating costs, capex, economic analysis and project execution plan.

The Qualified Persons (“QPs”), as defined under NI 43-101, are Paul Murphy, P. Eng. having overall responsibility for the Report including capital and operating costs; Neil Lincoln, P. Eng. having responsibility for metallurgy, recovery methods and process plant operating costs; Christian Beaulieu, MSc, P. Geo, of Minéralis Consulting Services is responsible for property description, geology, drilling, sampling and the mineral resource estimate; Alexandre Burelle, P. Eng. is responsible for the mining method and capital and operating costs related to the mine and the economic analysis; and Derek Chubb, P. Eng., of ERM Consultants Canada Ltd., is responsible for the environment and permitting aspects.

The Report is available on SEDAR+ (www.sedarplus.ca) and on GMIN’s website (www.gmin.gold).

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To read the full news release, please click HERE

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G Mining Ventures (TSX: GMIN)

Announced the results of its 2024 Preliminary Economic Assessment Study for the development of its wholly owned Oko West Gold Project, located in Guyana.

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G Mining Ventures Delivers PEA for High-Grade Oko West Gold Project in Guyana

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BROSSARD, QC, September 9, 2024 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN, OTCQX: GMINF) is pleased to announce the results of its 2024 Preliminary Economic Assessment Study (the “PEA” or the “Study”) for the development of its wholly owned Oko West Gold Project, located in Guyana (“Oko” or the “Project”).

The PEA, completed by G Mining Services Inc. (“GMS”) as lead consultant, supported by other engineering consultants, confirms robust economics for a low-cost, large-scale, conventional open pit (“OP”) and underground (“UG”) mining and milling operation, with operating costs below industry averages, in addition to a high rate of return.

The Project is ideally sequenced to leverage the strong macroeconomic conditions
including a strong gold (“Au”) price, lower inflation, and Guyana’s rapidly developing economy.

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All amounts are in USD unless stated otherwise
• After-tax NPV5% of $1.4 billion, IRR of 21% and payback of 3.8 years at $1,950/oz base case gold price (long-term consensus)
• After-tax NPV5% of $2.5 billion, IRR of 31% and payback of 2.0 years at $2,500/oz spot gold price
• Average annual gold production of 353,000 ounces at an AISC of $986/oz for 12.7 years
• Startup capital cost of $936 million and sustaining capital of $537 million over the life of mine
• ESIA submission targeted by year end while progressing towards a Feasibility Study for Q1-2025
• An average of 1,260 direct permanent jobs to be created from the Oko West Project

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Louis-Pierre Gignac, President & Chief Executive Officer, commented:

“The Oko PEA, based on the long-term consensus gold price of $1,950 per ounce, outlines a high-production, long-life, high-margin operation with an after-tax NPV5% of $1.4 billion and IRR of 21%. Oko is ideally sequenced to benefit from GMIN’s regional footprint, development expertise, anticipated free cashflow from our in-production Tocantinzinho Gold Mine in Brazil and historically high gold prices.

 

“GMIN announced last week commercial production at Tocantinzinho, delivering our first operating mine on-time and on-budget, and we will seek to repeat this success with Oko using essentially the same team.

 

“I am excited that this exceptionally positive PEA only captures a snapshot of the potential value of Oko, as we continue to explore the prospective land package and evaluate value-enhancement opportunities for improved economics in a feasibility study planned for the first quarter of 2025. I look forward to the tremendous
shared-value creation for our stakeholders, including the country of Guyana.”

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To read the full news release, please click HERE

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G Mining Ventures(TSX: GMIN)

Announced that it has entered into a purchase and sale agreement to acquire tenements in the Gurupi Gold Belt from wholly-owned subsidiaries of BHP Group Limited (ASX: BHP, NYSE: BHP, LSE: BHP)

This includes the CentroGold Project.

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G Mining Ventures to Acquire the CentroGold Project from BHP

BROSSARD, QC, September 9, 2024 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN, OTCQX: GMINF) is pleased to announce that it has entered into a purchase and sale agreement to acquire tenements in the Gurupi Gold Belt from wholly-owned subsidiaries of BHP Group Limited (“BHP”) (ASX:
BHP, NYSE: BHP, LSE: BHP, JSE: BHG).

This includes the CentroGold Project (“CentroGold” or the “Project”). In consideration for the acquisition, GMIN will grant BHP a 1.0% NSR royalty on the first 1 million
ounces of gold produced at the tenements and a 1.5% NSR royalty on gold production thereafter (the “Transaction”).

CentroGold is in the state of Maranhão, located in northern Brazil, and comprises 47 tenements encompassing ~1,900 square kilometers (“km2”).

The Project hosts multiple identified gold targets along a +80 km mineralized trend, including the Blanket, Contact and Chega Tudo open pit deposits, which currently
host 2.3 million ounces of JORC-compliant gold resources and remain open for expansion.

In July 2019, Oz Minerals Limited (“Oz Minerals”), which was later acquired by BHP in 2023, released a pre-feasibility study on the Blanket and Contact deposits. The pre-feasibility study envisioned a 10-year mine life with an average annual gold production of 100,000 to 120,000 ounces per year, with 190,000 to 210,000 ounces of gold per year in the first two years of production.

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Highlights

o GMIN to acquire the CentroGold Project in Brazil’s prospective Gurupi Gold Belt from BHP
o CentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depth
o District-scale land package comprises 47 tenements covering ~1,900 km2 and offers potential for multiple new discoveries
o CentroGold to provide long-term growth following Tocantinzinho ramp-up and Oko West development
o Accretive transaction adds to GMIN’s project pipeline with no upfront cost

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GMIN views the Project as an advanced-stage exploration asset with extensive exploration and engineering work completed to date, which includes over 135,000 meters of exploration core drilling. The Project’s size, scope, and development timeline will be redesigned to suit GMIN’s long-term growth plans, ensuring resources are allocated in line with our strategy of maximizing value for all stakeholders.

GMIN intends to build on CentroGold’s existing geologic model and redesign the Project from first principles to better fit today’s new permitting requirements and economic environment.

Shortly after the Transaction’s closing, GMIN plans to update the JORC-compliant gold resource to meet National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

The current corporate priorities that will take precedence are ramping up the Tocantinzinho Gold Mine in Brazil to nameplate capacity and advancing the Oko West
Gold Project in Guyana toward a construction decision in H2-25.

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Louis-Pierre Gignac, President & Chief Executive Officer, commented:

“We are excited to acquire another prospective project and begin to grow into the multi-asset growth company we always envisioned to become.

 

“CentroGold boasts an attractive starting resource base on a large land package that covers ~1,900 km2 with significant exploration upside, located within a proven geological belt.

 

“This acquisition rounds out a high-quality portfolio of gold assets, which includes a producing mine in Tocantinzinho, a development project in Oko West, and a high-potential exploration project in CentroGold.

 

“I believe this cash-flowing and high-growth portfolio offers our shareholders tremendous opportunity for value creation.”

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Dušan Petković, Senior Vice President, Corporate Strategy, commented:

“The acquisition of CentroGold perfectly aligns with our strategy of acquiring high-quality, undervalued assets that GMIN is uniquely qualified to unlock.

 

“2024 has been a transformational year for GMIN, headlined by two acquisitions that have grown our gold resource base from 2.1 million ounces measured and indicated to 8.1 million ounces, and from 50 thousand inferred to 2.2 million ounces, creating an exciting pipeline of near-term and longer-dated growth projects.

 

“Looking forward, we are excited to demonstrate and realize our asset base’s immense potential.”

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To read the full news release, please click HERE

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Mining Review 8th September 2024

The major news this week was Ascot Resources placing their mine into care and maintenance so soon after opening the mine for production.

G Mining Ventures declared commercial production at TZ, and Westgold commenced mining at South Junction.

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City Investors Circle MIning Review 8th September 2024

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The major news this week was Ascot Resources placing their mine into care and maintenance so soon after opening the mine for production. This came as a complete shock, and I sold my shares in the company immediately.

By being in the UK I was able to steal a march on Canadian investors who woke up to the news that I had already digested, and I managed to sell at the open in the 20s before the share price crashed to 16 cents.

This is the second time Ascot has disappointed, and the last for me. They are indicating they need to raise yet more funds!  Sprott, who are a major investor, must be very disappointed.

The CEO needs to walk, and they need to bring in an experienced CEO in my opinion.

Ascot represented less than 1% of my portfolio, but a loss still hurts

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G Mining Ventures declared commercial production at TZ, showing how an experienced mamagement team handle a mining startup, please note Ascot!

Westgold commenced mining at South Junction in Western Australia.

Minera Alamos continue to struggle, as their latest Q2 finacial update confirms, so glad I bailed out of this when I did. I notice many newsletter writers are still onboard here, despite all the losses.

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All the signficant news from our watchlist last week is below, click on the link to be taken to the full story.

   Ascot Recources places Minto into C & M, Stock Crashes

   Westgold Commenced Mining at South Junction

  G Mining Ventures Declared Commercial Production at TZ Gold Mine

  Ora Banda Mining Gave a Davyhurst Gold Project Update

  Barton Gold High Grade Assays Confirm New Tolmer Gold System

  Minera Alamos Operations Update and Q2 Financials

  Mining Review 1st September 2024

  Market Review August 2024 published

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Market Data

Weekly % Price Changes

(US$| unless stated)

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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G Mining Ventures (TSX: GMIN)

Has reached commercial production on time and on budget at its 100%-owned Tocantinzinho Gold Mine located in the State of Pará, Brazil.

Commercial production is defined as a period of 30 consecutive days of operations during which the mill operated at a minimum of 60% of nameplate throughput of 12,890 tonnes per day.

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Comment

The team that achieved four mine builds on time and on budget for other mining companies before deciding to run their own mine has achieved their target once again!

They are experienced in this part of the world ,having now built five mines in the region, and will now turn their focus to their next development project on the same shield, Oko West, in Guyana.

It always pays to follow good management that have achieved before, and I feel they are poised to become a mid-tier gold producer in the medium term once Oko West commences production.

G Mining Ventures Declares Commercial Production at Tocantinzinho Gold Mine

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BROSSARD, QC, September 3, 2024 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN, OTCQX: GMINF) is pleased to announce that it has reached commercial production on time and on budget at its 100%-owned Tocantinzinho Gold Mine (“TZ” or the “Mine”) located in the State of Pará, Brazil.

Commercial production is defined as a period of 30 consecutive days of operations during which the mill operated at a minimum of 60% of nameplate throughput of 12,890 tonnes per day (“tpd”). During August 2024, the mill operated at 76% of nameplate throughput, processing a total of 304,312 ore tonnes (9,817 tpd) at a recovery rate of 88%.

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Highlights

o Tocantinzinho reaches commercial production on time and on budget in less than two years
o Tocantinzinho engineered to have a 10.5-year mine life with an average annual gold production of 174,700 ounces, and an average annual gold production of 196,200 for the first five full years
o Nameplate throughput expected by Q1 2025
o Share price outperformed GDXJ by +120% since the construction decision in September 2022

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Louis-Pierre Gignac, President & Chief Executive Officer, commented:

“I am proud to announce this momentous achievement of starting commercial production at the Tocantinzinho Gold Mine.

 

“We have delivered TZ on time and on budget, with an industry-leading safety record. This achievement is the culmination of 5.8 million person-hours focused on building, testing and ramping up production at Brazil’s newest major gold mine.

 

|”I would like to recognize the immense efforts of our dedicated team, who have invested their talent, expertise, and passion in reaching this transformational milestone.

 

“With this accomplishment behind us, we remain committed to enhancing plant performance and achieving our production and cost KPIs.”

 

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The plant’s ramp-up continues to progress in line with internal production schedules, with all major equipment demonstrating the capability to operate at or above design levels.

After the initial pour announced in July 2024, GMIN has focused on ramping production to test the processing circuits’ ability to handle nameplate loads while improving recovery toward a life of mine average of 90%.

The Corporation plans to ramp up production through H2-24, targeting nameplate throughput by Q1 2025.

TZ is engineered to have a 10.5-year mine life with an average annual gold production of 174,700 ounces and 196,200 ounces for the first five full years, capitalizing on the record-high gold price environment.

The Corporation plans to provide annual guidance for TZ in January 2025.

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To read the full news release, please click HERE

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