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G2 Goldfields

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G Mining Ventures Corp.

Investor website: https://g2goldfields.com/

About

G Mining Ventures Corp. (GMIN) is a mining company engaged in the development, operation and exploration of precious metals projects. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging proven development expertise and strong access to capital. GMIN is currently in commercial production at the Tocantinzinho Mine in Brazil, in construction at the Oko Gold Project in Guyana and developing the Gurupi Project in Brazil. All projects host significant exploration upside and are located in mining-friendly jurisdictions. GMIN trades on the TSX under the symbol 'GMIN'.

Verified company data

Cash position
$287.2 million
Shares outstanding
209,357,614
Fully diluted shares
279,502,724
Mineral resource
The Oko Gold Project has over 7 million ounces of reserves. The Tocantinzinho Mine has an estimated 1.96 million ounces of known reserves. The Gurupi Project is a district-scale gold project with significant resource expansion and new discovery opportunities.
Projects
["Oko Gold Project: Oko Gold Project is currently in construction, with a 362 km² land package located in Cuyuni-Mazaruni, Guyana, approximately 95 km west of Georgetown. G Mining Ventures is building Guyana’s next leading gold mine, with a projected 14 year mine life and over 7 million ounces of reserves. Commercial production is expected to begin in January 2028 for Phase 1 of the project with pre-production on the expanded project in 2028 and targeting expanded throughput in 2029. Exact timing to be confirmed in an updated feasibility study for mid-2027 for the combined project of Oko West and Oko-Ghanie. Once completed, the mining method will include both open pit and underground operations. The Oko gold deposit is located in the north-central Guyana Shield, along a north–south striking contact between the Barama-Mazaruni Supergroup greenstone belt to the west and the Oko pluton to the east. Gold mineralization at Oko is characteristic of orogenic gold systems and occurs primarily within volcanoclastic, siliciclastic, and carbonaceous sedimentary rocks forming a tabular body dipping gently to the east. The mineralized zones exhibit strong silica and carbonate alteration, pervasive sericitization, and disseminations of sulfides (pyrite, chalcopyrite, sphalerite) within altered rocks, bedding planes, fractures, and quartz–carbonate vein envelopes. Much of this alteration is pre-mineral, strengthening the host rocks and facilitating brittle deformation and dilation during the D₂ mineralizing stage. Gold and sulfide mineralization are associated with networks of sulfide-bearing quartz veins and sulfide-only stringers spatially related to quartz–carbonate vein systems that partially to fully overprint the host lithologies. In carbonaceous sediments, these veins are dark grey to smoky, whereas in volcanoclastic and siliciclastic units, they are white to light grey. The darker color in the carbonaceous units likely reflects a geochemical interaction between carbonaceous material and hydrothermal fluids, which acted as a reducing agent enhancing gold deposition and resulting in locally high-grade gold zones. In 2002, the Guyana Geology and Mines Commission (GGMC) conducted the Lower Puruni Regional Geochemistry Programme, which covered the Oko West Gold Project area, identifying gold and molybdenum anomalies from stream sediment samples. In 2018, the local permit holder introduced Reunion Gold Inc. to several claims that resulted in a site visit to a mining pit to inspect outcrops and alluvial waste piles. Grab samples were collected on this initial visit and included samples BS-02, BS-03 and BS-04, which assayed 2.40, 6.00 and 45.84 g/t gold, respectively. This visit and the interpretation of a favourable local geological context prompted the option of two groups of medium-scale mining permits, one of which was the Oko West Gold Project. On September 23, 2022, a prospecting license was issued to Reunion Gold on the Oko West Gold Project. In April 2024, G Mining Ventures and Reunion Gold announced plans to enter into a definitive agreement to combine the two companies which was completed on July 15, 2024, through approval from GMIN and Reunion gold securityholders. On December 15, 2024, G Mining Ventures announced that the Corporation had 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 Interim Environmental Permit (IEP) was received in early 2025. Early works construction commenced in the first quarter of 2025 focusing on key site infrastructure. In September 2025, GMIN received its Final Environmental Permit (EP) from Guyana’s Environmental Protection Agency (EPA) and its formal Mining License was granted by the Guyana Geology and Mines Commission (GGMC) in December of that year. In April 2026, G Mining Ventures entered a definitive agreement to acquire all of the issued and outstanding shares of G2 Goldfields Inc. (G2) to consolidate the two adjacent gold projects – G2’s Oko-Ghanie Project and GMIN’s fully permitted and fully financed Oko West Project. On July 29, the acquisition was finalized, creating a large-scale, low-cost gold mining hub in one of the most prospective emerging gold districts in the world. The transaction brings together two deposits that are essentially part of the same continuous mineralized system positioned 3km of each other. Both deposits will be merged into a single operation, transforming Oko from single mine build to multi-deposit camp with average life-of-mine annual production of 500k Au oz without adding complexity doing so at very strong capital efficiencies. The combined project is expected to deliver significant near and long-term synergies across throughput, operating costs, capital costs due to shared infrastructure, mine sequencing and permitting. The acquisition expanded GMIN’s leading footprint in Guyana by 293 km², creating a combined contiguous land package of over 362 km², situated on a highly prospective greenstone belt and largely within a 20 km radius of the Oko West Project.","Tocantinzinho Mine: Tocantinzinho is an open-pit gold mine in commercial production located in Pará State, Brazil. The mine started commercial production in September 2024, after two years of construction. TZ currently has an estimated remaining mine life of approximately 11 years with average annual gold production of 155,000 oz. The existing deposit with 1.96 million ounces of known reserves is located within a large, underexplored land package with exploration potential that may yield satellite mineralized bodies. This 688 km² property has direct access via 100 km of all-weather roads starting from the national highway, linking the industries in southern Brazil to the city of Belem in the north. The Tocantinzinho Gold Deposit is located in the south-central Amazon Craton of Brazil, within Pará State. It is hosted in a suite of fractionated Paleoproterozoic granitic rocks, including quartz monzonite, syenite, alkali feldspar granite, granite, and aplite. Gold mineralization at Tocantinzinho is typical of intrusion-related gold systems and is spatially associated with a major northwest-trending regional fault zone that controlled the emplacement of multiphase intrusions and gold-bearing zones. Mineralization occurs as fine, irregular networks of quartz, black chlorite, sulfides (pyrite, molybdenite, chalcopyrite), and calcite veinlets that commonly follow grain boundaries. Their irregular, wormy textures indicate formation during the late crystallization stages of the host granite. The deposit displays distinctive magmatic–hydrothermal transition textures, including unidirectional solidification textures, interconnected miarolitic textures (IMT), rapid grain-size variations from pegmatite to aplite, and vein-dyke structures. Two main rock types host most of the ore: the “Smokey” granite, a pale pink-grey equigranular to coarse-grained unit found mainly at the core of the deposit, and the “Salami” granite, a pink to red alkali feldspar granite with a blebby IMT texture that commonly transitions into aplite–pegmatite zones. Eldorado Gold Corp. (Eldorado) acquired the Tocantinzinho gold project from Canadian-listed Brazauro Resources Corporation for C$120 million in an all-share offer in 2010. Between 2011 and 2019, Eldorado completed a prefeasibility study (2011), received the approval of Preliminary Environment License (2012), completed the feasibility study (2015), received the Installation License (2017) and Mining Concession (2018) and completed an optimized feasibility study for Tocantinzinho (2019), investing over $90 million into the project. GMIN acquired Tocantinzinho from Eldorado for $115 million in 2021. Over the next 12 months, the company, updated the feasibility study, secured $481 million to finance the mine construction and announced its decision to begin construction at Tocantinzinho. In 2024, GMIN declared commercial production at Tocantinzinho, achieving this milestone on time and on budget and in less than two years from beginning construction.","Gurupi Project: Gurupi Project is a district-scale gold project located in northeastern Brazil across a 1,900 km² land package, consisting of three known open-pit deposits, Blanket, Contact, and Chega Tudo, along an 80 km mineralized trend. This high-potential, underexplored gold asset offers significant resource expansion and new discovery opportunities. The Gurupi Project comprises 47 contiguous tenements across a 1,900 km² land package straddling Pará & Maranhão State, Brazil. The Project is located approximately 380 km southeast of Belém, capital of the State of Pará, and 500 km west northwest of São Luis, capital of the State of Maranhão. The Gurupi Project lies within the Tentugal shear zone developed along the boundary between the Lower Proterozoic Gurupi greenstone belt and the southwestern margin of the Archaean São Luis craton. The Tentugal Shear Zone is a major sinistral strike-slip corridor approximately 15–30 km wide and 120 km long. The Gurupi Project includes three main mineralized zones: the Blanket and Contact deposits within the Cipoeiro area, and the Chega Tudo deposit, located approximately 8 km to the west. Gold at Cipoeiro is hosted within coarse-grained tonalite of the Tromaí Intrusive Suite, whereas at Chega Tudo, the host is the volcano-sedimentary package of the Chega Tudo Formation. Mineralization is structurally controlled, localized along brittle shear zones and fractures parallel to the Tentugal Shear Zone, where brittle deformation, shearing, and folding created pathways for mineralizing fluids. Mineralization occurs in quartz–carbonate–sulfide veins and as disseminated pyrite within altered host rocks. The associated alteration assemblage is characterized by silicification, carbonatization, and sulfidation, consistent with orogenic gold system processes. Overall, the Gurupi Project represents a large-scale orogenic gold system, where deformation, fluid flow, and reactive host rocks collectively controlled the distribution of gold mineralization along the Tentugal structural corridor. Exploration at the Gurupi Project (formerly CentroGold) began in the 1980s when Vale and other operators identified multiple gold occurrences along the 80 km mineralized trend. By the late 1990s and early 2000s, over 126,000 meters of drilling defined key deposits. Luna Gold Corp. acquired the project in 2007, expanding drilling efforts and establishing a JORC-compliant resource. OZ Minerals took over in 2016 after acquiring Avanco Resources, advancing studies and drilling. In 2019, OZ Minerals completed a Pre-Feasibility Study (PFS), contemplating a high-margin open-pit gold operation. GMIN acquired Gurupi from BHP in Q4-2024 in exchange for a 1.0% NSR royalty on the first 1 Moz of gold produced at the tenements and a 1.5% NSR royalty on gold production thereafter. A new NI 43-101 mineral resource estimate was released in Q1-2025."]
Leadership
Louis-Pierre Gignac (President, CEO & Director), Julie Lafleur (Vice President, Finance & Chief Financial Officer), Diogo Braga (Vice President, Control), Julie-Anaïs Debreil (Vice President, Geology & Resources), Jamie Flegg (Vice President, Corporate Development), Eduardo Leão (Vice President, Sustainability), Jean-François Lemonde (Vice President, Investor Relations), Mireille Tremblay (Vice President, Legal Affairs & Assistant Corporate Secretary), Marc Dagenais (Corporate Secretary), Gabor Bacsfalusi (Director, Technical Services), Marcelo Chaves (Director, Legal & Compliance – South America), Oscar Cueva (Director, Information Technology and Operational Excellence), Jean Phylipe Espírito Santo (Director, Sustainability), Marie-Hélène Gélinas (Director, Human Resources), Brandon Sousa (Director, Communications & Public Affairs)

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