G Mining Ventures Announces Approval of SUDAM Tax Incentive for Tocantinzinho Gold Mine

Core Points - G Mining Ventures Corp. has received formal approval from SUDAM for the Tocantinzinho Gold Mine to be included in a regional development tax incentive program in Brazil [1][2] - The approval will reduce the nominal corporate income tax rate from 34% to approximately 15.25% for a period of 10 years starting from fiscal year 2025, with the possibility of renewal [2][4] - This tax incentive is expected to significantly enhance after-tax earnings and free cash flow generation for the company [2][3] Company Overview - G Mining Ventures Corp. is focused on the acquisition, exploration, and development of precious metal projects, aiming to become a mid-tier precious metals producer [5] - The company is currently anchored by the Tocantinzinho Mine in Brazil, supported by the Gurupi Project in Brazil and the Oko West Project in Guyana, all located in mining-friendly jurisdictions [5] - G Mining Ventures Corp. emphasizes its commitment to sustainable growth, with over 80% of its workforce from Pará and 99.8% of employees being Brazilian [3]