G Mining starts construction of Oko West gold project in Guyana

Core Insights - G Mining Ventures (GMIN) has commenced construction of the Oko West gold project in Guyana, with an investment of $973 million and first gold production expected in 2027 [1][3] - The project has achieved significant milestones in permitting and financing, with early construction activities on schedule and detailed engineering 36% complete [1][2] Financial Overview - Total commitments for the project construction have reached $334 million, representing 33% of the total initial capital budget of $973 million [2][4] - As of September 30, 2025, the project has incurred $110 million in spending, along with an additional $46 million in prepayments, totaling $156 million in expenditures [3] Workforce and Location - The project employs a workforce of 710, consisting of 520 employees and 190 contractors, with over 80% being Guyanese nationals [4] - The Oko West project is located south of the historical Oko gold district, approximately 95 km west of Georgetown, covering an area of around 44 km² [4] Strategic Goals - GMIN aims to evolve into an intermediate gold producer, with the Oko West project being a cornerstone of its growth strategy [2][3] - The company is also focused on acquiring and developing precious metal projects, exemplified by its agreement to acquire the CentroGold Project in Brazil's Gurupi Gold Belt [5]