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G Mining Ventures Secures Bank Credit Facility and Equipment Financing to Construct Oko West
Prnewswireยท2025-10-06 10:30

Core Viewpoint - G Mining Ventures Corp. has secured a financing package totaling up to US$537.5 million to advance the development of its Oko West Gold Project in Guyana, enhancing its financial flexibility and capacity for production [1][4]. Financing Details - The financing package includes an initial commitment of US$387.5 million, with the potential for an additional US$150 million available six months post-closing, subject to lender approval [1][2]. - The package is anchored by a revolving credit facility allowing the Corporation to borrow up to US$350 million, with participation from several financial institutions including National Bank and Macquarie [2][7]. - A Master Loan and Security Agreement has been executed with Komatsu Finance to finance up to US$37.5 million for mining and construction equipment [3][4]. Leadership and Strategic Focus - Jamie Flegg has been appointed as Vice President of Corporate Development, bringing over 12 years of experience in mining capital markets, which will support the company's growth strategy [6][7]. - The company emphasizes disciplined capital allocation and aims to advance the Oko West Project responsibly, on schedule, and within budget [4][8]. Project Development Timeline - Following the receipt of the environmental permit for Oko West on September 2, 2025, G Mining Ventures Corp. is positioned to make a Final Investment Decision later this month, detailing initial capital costs and remaining expenditures [4][8].