G Mining Ventures Corp. - GMINF STOCK NEWS

G Mining Ventures has released its 2025 guidance for the Tocantinzinho Gold Mine (TZ), projecting gold production between 175,000 to 200,000 ounces. The company expects Total Cash Costs of $590-$655 per ounce and All-in Sustaining Costs of $995-$1,125 per ounce.

TZ's mill is anticipated to operate at its nameplate capacity of 12,890 tonnes per day, with higher gold output expected in the second half of 2025. The company plans total sustaining capital expenditures of $60-70 million, including $23 million for capitalized stripping.

For the Oko West Gold Project, GMIN has allocated $200-240 million for early works and development, with plans to publish a Feasibility Study in Q2 2025. The company will also invest in exploration across its portfolio, including $8 million for Oko West and $2-4 million for the Gurupi Project in Brazil.

G Mining Ventures (GMIN) celebrates significant achievements in 2024, highlighted by gold production of 63,566 ounces at its Tocantinzinho Gold Mine in Brazil. The company reported Q4 production of 40,147 ounces and full-year gold sales of 57,082 ounces.

Key 2024 highlights include:

• Completion of Tocantinzinho Gold Mine on time and budget with commercial production achieved in Q3-2024
• Acquisition of Oko West Gold Project in Guyana and CentroGold Project in Brazil
• 94% share price appreciation during 2024, outperforming gold price (+26%) and GDXJ (+13%)
• Strong safety performance with 2.4 million person-hours worked
• Operations team of 1,055 employees with 97.6% Brazilian workforce

The company's total mineral resources significantly increased, with Measured & Indicated resources growing from 2,102 koz to 8,093 koz, and Inferred resources expanding from 50 koz to 2,215 koz by year-end 2024.

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has received an interim environmental permit (IEP) from Guyana's Environmental Protection Agency for its Oko West Gold Project. The one-year IEP, along with a 'No Objection' letter from the Guyana Forestry Commission, enables GMIN to begin early works construction activities in H1-2025.

Planned early works include: barge landing facility, main access road and internal roads, airstrip, permanent camp facility, water and sewage treatment plants, and power generation and communication tower. The company's development timeline includes Feasibility Study publication and full permit in Q2-2025, followed by a formal construction decision in H2-2025.

The public can access the Environmental Impact Assessment and Environmental Impact Statement submissions through various channels, including GMIN's website. A 60-day comment period, EPA review, and disclosure meetings will precede the final environmental permit decision.

G Mining Ventures (GMIN) has completed the acquisition of the CentroGold Project from BHP in Brazil's Gurupi Gold Belt. The deal includes 47 tenements covering ~1,900 km² with 2.3 million ounces of JORC-compliant gold resources. In exchange, GMIN will grant BHP a 1.0% NSR royalty on the first 1 million ounces of gold produced and 1.5% thereafter.

The project's previous pre-feasibility study from July 2019 projected a 10-year mine life with annual gold production of 100,000-120,000 ounces, reaching 190,000-210,000 ounces in the first two years. GMIN plans to update the resource to NI 43-101 standards in Q1 2025.

Additionally, Vincent Benoit, Managing Partner and CIO of La Mancha, has been appointed to GMIN's Board of Directors.

G Mining Ventures reported its Q3 2024 production and financial results, marking its first quarter as a gold producer. The company achieved commercial production at its Tocantinzinho (TZ) gold mine on September 1, 2024, producing 22,071 ounces of gold at an AISC of $1,226 per ounce. Financial highlights include revenue of $43 million, net income of $24.3 million, and EBITDA of $25.7 million. The company sold 17,144 ounces at an average price of $2,508 per ounce, with remaining production sold in October. Q4-2024 gold production outlook is projected between 30,000 and 40,000 ounces.

G Mining Ventures announces Franco-Nevada's agreement to exercise 11,500,000 warrants by December 4, 2024, generating $21.85 million in proceeds. Each warrant allows Franco-Nevada to acquire 0.25 GMIN common shares at $1.90 per 0.25 share. The acceleration was triggered as GMIN's shares traded above $12.00 for 10 consecutive days, representing a 275% premium to Franco-Nevada's initial $3.20 per share investment. Franco-Nevada previously invested US$352.2 million in GMIN's Tocantinzinho project, including a US$250 million gold stream and US$75 million loan. This warrant exercise will eliminate all warrant instruments from GMIN's capital structure.

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has filed a National Instrument 43-101 Preliminary Economic Assessment (PEA) technical report for its 100% owned Oko West gold project in Guyana, effective September 4, 2024. The report, previously announced on September 9, 2024, was coordinated by G Mining Services Inc. and covers various aspects of the project including mineral resources, mining methods, and economic analysis.

The report was prepared by Qualified Persons as defined under NI 43-101, including experts in engineering, metallurgy, geology, and environmental aspects. It is now available on SEDAR+ and GMIN's website. G Mining Ventures Corp. is focused on acquiring, exploring, and developing precious metal projects, with the Tocantinzinho Gold Mine in Brazil and Oko West Project in Guyana as its key assets.

G Mining Ventures Corp. (TSX: GMIN, OTCQX: GMINF) regretfully reports a fatality at its Oko West Gold Project in Guyana on October 13, 2024. The incident involved a road accident and the deceased was a contractor employed by Hopkinson Mining Security Services Inc. GMIN's leadership is on-site cooperating with authorities in the investigation. The company emphasizes its commitment to safety and will provide grief counseling support. Despite the tragedy, the site remains operational as the incident occurred in an isolated area. GMIN, focused on precious metal projects, is developing the Tocantinzinho Gold Mine in Brazil and the Oko West Project in Guyana.

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has appointed Naguib Sawiris, founder of La Mancha group, to its Board of Directors, effective October 11, 2024. Sawiris brings extensive experience in supporting growing companies, particularly in the mining sector. He replaces Karim Nasr as La Mancha's representative on the GMIN Board, which will now consist of 10 members.

Sawiris is a manager of La Mancha Holding Sàrl and has a track record of identifying investment opportunities and advising growing businesses. He holds several board positions, including Executive Chairman of Orascom Investment Holding S.A.E. and Chairman of Ora Developers. Sawiris has been instrumental in transforming GMIN from an explorer-developer to an Americas-focused gold producer.

G Mining Ventures Corp. is a mining company focused on acquiring, exploring, and developing precious metal projects. It is currently anchored by the Tocantinzinho Gold Mine in Brazil and Oko West Project in Guyana.