G Mining Ventures Completes First Drawdown on US$350 Million Revolving Credit Facility

Core Viewpoint - G Mining Ventures Corp. has successfully completed the first drawdown of US$80 million from its US$350 million revolving credit facility to support the development of its Oko Gold Project in Guyana [1][2]. Financial Summary - The US$80 million drawdown was utilized to fully repay a senior secured term loan of the same amount from Franco-Nevada GLW Holdings Corp, resulting in annual interest savings of approximately US$1.5 million [2]. - The refinancing is expected to enhance GMIN's balance sheet and support disciplined growth across its portfolio [2]. Credit Facility Details - The US$350 million revolving credit facility is arranged with a syndicate of international lenders, providing GMIN with enhanced liquidity and flexibility for its operations and development pipeline [3]. - The facility has a four-year term with a potential one-year extension at GMIN's option and is secured by the Corporation's assets [3]. Company Overview - G Mining Ventures Corp. focuses on the acquisition, exploration, and development of precious metal projects, aiming to become a mid-tier precious metals producer [4]. - The company is 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 [4].