G Mining Ventures Reports Q4 and Full-Year 2025 Results
G Mining Ventures (TSX:GMIN)
Reported their operating results for the fourth quarter and full year ended December 31, 2025.
The first full year of commercial production at Tocantinzinho delivered gold production in 2025 of 171,871 ounces with stable cost performance.
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| G Mining Ventures | TSX: GMIN | |
| Stage | Development + Exploration | |
| Metals | Gold | |
| Market cap | C$9.58 billion @ C$40.29 | |
| Location | Brazil, Guyana | |
| Website | www.gminingventures.com |
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G Mining Ventures Reports Q4 and Full-Year 2025 Results; First Full Year of
Commercial Production at Tocantinzinho Drives Strong Cash Flow Generation
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BROSSARD, QC, March 25, 2026 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX:GMIN, OTCQX:GMINF) today reported its financial and operating results for the fourth quarter and full year ended December 31, 2025.
Unless otherwise indicated, all dollar amounts are in U.S. dollars.
G Mining CEO Louis-Pierre Gignac said,
“Tocantinzinho completed its first full year of commercial production in 2025, delivering consistent operating performance with production, recoveries and costs in line with expectations.
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” Production, costs and recoveries largely met or exceeded guidance, underscoring the asset’s reliability and operational discipline.
“The operation generated $255 million in free cash flow, strengthening our balance sheet while funding the advancement of Oko West.
“Fourth quarter performance was the strongest of the year across key metrics, including production, grade and margins, demonstrating solid steady-state operations.
“We enter 2026 with Tocantinzinho performing to plan, Oko West fully funded and under construction, and Gurupi continuing to advance through exploration and permitting.”
Fourth quarter and full year 2025 highlights and the Corporation’s short to medium-term outlook are set out below.
1) Strong 2025 Financial Results Driven by Continued Operational Strength and Disciplined Cost Control
o First full year of commercial production at Tocantinzinho (“TZ”). TZ delivered gold production in 2025 of 171,871 ounces with stable cost performance despite higher royalty expenses driven by higher gold prices. Strong metallurgical recoveries of 90.6% were achieved for the year, exceeding 2025 guidance of 90.0%.
o Peer-Leading Cost Structure: Total cash costs of $748 per ounce were slightly above the top end of 2025 guidance, primarily due to higher royalty costs ($27 per ounce) and the introduction of the State of Para’s production tax ($27 per ounce). All-in sustaining costs (1) (“AISC”) per ounce were within 2025 guidance at $1,155 per ounce.
o Strong annual cash generation from operations. Generated annual cash flow from operating activities of $308 million ($340 million before changes in working capital) or $1.36 per share. TZ generated mine-site free cash flow (1) of $255 million ($1,484/oz produced) or $1.12 per share for its first full year of commercial production.
o Strong profitability: Reported net income of $288 million ($1.27 per share) for the full year 2025 and adjusted net income(1) of $283 million ($1.25 per share).
o Solid quarterly operating performance, with record quarterly production. Payable gold
production in the fourth quarter of 2025 was 47,346 ounces at total cash costs(1) per ounce of $808 and AISC(1) per ounce of $1,245. The higher realized gold price(1) of $4,032 per ounce in the fourth quarter resulted in strong margins and cash flows.
o Strong quarterly financial results. Generated quarterly net income of $91 million or $0.40 per share and adjusted net income(1) of $98 million or $0.43 per share during the fourth quarter. The Corporation generated cash provided by operating activities of $96 million ($122 million before changes in working capital) or $0.42 per share and free cash flow(1) of $80 million or $0.35 per share.
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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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