G Mining Ventures Provides 2026 and 2027 Operational Outlook
Globenewswire·2026-01-20 11:30

Core Insights - G Mining Ventures Corp. has provided operational guidance for 2026 and 2027, focusing on its Tocantinzinho Gold Mine in Brazil and Oko West Gold Project in Guyana [1][3] Operational Guidance - Gold production for 2026 is projected to be between 160,000 and 190,000 ounces, with a significant portion expected in the second half of the year due to higher-grade mineralization [4][5] - For 2027, gold production is anticipated to increase to between 200,000 and 235,000 ounces, representing a 25% increase from 2026 levels [5][9] - Total cash costs for 2026 are estimated to range from $736 to $865 per ounce, while all-in sustaining costs (AISC) are projected between $1,230 and $1,444 per ounce [4][5] - In 2027, cash costs and AISC are expected to improve significantly, decreasing by approximately 14% and 20% respectively compared to 2026 [5][9] Capital Expenditures - Sustaining capital expenditures for 2026 are estimated to be between $69 million and $81 million, which includes $31 million to $36 million for capitalized waste stripping [4][8] - Non-sustaining capital expenditures for 2026 are projected to be between $556 million and $618 million, with significant investments planned for the Oko West project [6][11] Oko West Project - The Oko West project is on track for first gold production in the second half of 2027, with approximately $423 million already committed to the project [10][11] - The project is expected to produce an average of 350,000 ounces of gold per year at a mine-site AISC of $1,123 per ounce, contributing to a consolidated production of approximately 500,000 ounces in 2028 [12] Exploration Programs - The exploration budget for 2026 is set to be the largest in the company's history, ranging from $42 million to $50 million, with significant allocations for the Gurupi, Oko West, and Tocantinzinho projects [13][16] - Specific allocations include approximately $21 million for Gurupi, $16 million for Oko West, and $9 million for Tocantinzinho [13][14][15]