G Mining Ventures Announces Commencement of Early Works Construction at Oko West Gold Project in Guyana
G Mining Ventures (TSX: GMIN, OTCQX: GMINF) has initiated site preparation activities at its Oko West Gold Project in Guyana, following receipt of the Interim Environmental Permit. The early works construction program is part of the $200-240 million Oko West capex guidance for 2025.
Key infrastructure developments include:
- Barge landing facility on Cuyuní River
- Main access road and internal roads
- Airstrip
- Permanent camp facility
- Water and sewage treatment plants
- Power generation
- Communications tower
The company plans several major milestones in 2025:
- Feasibility Study publication in Q2-2025
- Project financing in H2-2025
- Formal construction decision in H2-2025
- Continuation of detailed engineering
- Greenfield and brownfield exploration
G Mining Ventures (TSX: GMIN, OTCQX: GMINF) ha avviato le attività di preparazione del sito per il suo Progetto Oko West Gold in Guyana, dopo aver ricevuto il Permesso Ambientale Intermedio. Il programma di costruzione dei lavori preliminari fa parte della guida capex di Oko West, che varia tra 200 e 240 milioni di dollari per il 2025.
Le principali infrastrutture in fase di sviluppo includono:
- Struttura di sbarco per chiatte sul fiume Cuyuní
- Strada di accesso principale e strade interne
- Pista d'atterraggio
- Struttura del campo permanente
- Impianti di trattamento dell'acqua e delle fognature
- Generazione di energia
- Torre di comunicazione
L'azienda prevede diversi traguardi significativi per il 2025:
- Pubblicazione dello Studio di Fattibilità nel secondo trimestre del 2025
- Finanziamento del progetto nella seconda metà del 2025
- Decisione formale sulla costruzione nella seconda metà del 2025
- Continuazione della progettazione dettagliata
- Esplorazione di aree verdi e aree già esplorate
G Mining Ventures (TSX: GMIN, OTCQX: GMINF) ha iniciado actividades de preparación del sitio para su Proyecto Oko West Gold en Guyana, tras recibir el Permiso Ambiental Interino. El programa de construcción de trabajos preliminares forma parte de la guía de capex de Oko West, que oscila entre 200 y 240 millones de dólares para 2025.
Los principales desarrollos de infraestructura incluyen:
- Instalación de desembarco de barcazas en el río Cuyuní
- Calle de acceso principal y caminos internos
- Pista de aterrizaje
- Instalaciones de campamento permanente
- Plantas de tratamiento de agua y alcantarillado
- Generación de energía
- Torre de comunicaciones
La empresa planea varios hitos importantes para 2025:
- Publicación del Estudio de Viabilidad en el segundo trimestre de 2025
- Financiamiento del proyecto en la segunda mitad de 2025
- Decisión formal de construcción en la segunda mitad de 2025
- Continuación de la ingeniería detallada
- Exploración de áreas verdes y áreas ya exploradas
G Mining Ventures (TSX: GMIN, OTCQX: GMINF)는 임시 환경 허가를 받은 후 가이아나의 오코 웨스트 금 프로젝트에 대한 부지 준비 작업을 시작했습니다. 초기 작업 건설 프로그램은 2025년 오코 웨스트의 자본 지출 가이던스인 2억~2억4천만 달러의 일부입니다.
주요 인프라 개발 사항은 다음과 같습니다:
- 쿠유니 강의 바지선 착륙 시설
- 주 접근 도로 및 내부 도로
- 비행장
- 영구 캠프 시설
- 수처리 및 하수 처리 시설
- 전력 생산
- 통신 타워
회사는 2025년에 몇 가지 주요 이정표를 계획하고 있습니다:
- 2025년 2분기 타당성 조사 발표
- 2025년 하반기 프로젝트 자금 조달
- 2025년 하반기 공식 건설 결정
- 상세 엔지니어링 지속
- 녹지 및 브라운필드 탐사
G Mining Ventures (TSX: GMIN, OTCQX: GMINF) a lancé les activités de préparation du site pour son Projet Oko West Gold en Guyane, suite à la réception du Permis Environnemental Intermédiaire. Le programme de construction des travaux préliminaires fait partie des prévisions d'investissement d'Oko West, qui s'élèvent entre 200 et 240 millions de dollars pour 2025.
Les principaux développements d'infrastructure comprennent:
- Installation de débarquement de barges sur le fleuve Cuyuní
- Route d'accès principale et routes internes
- Piste d'atterrissage
- Installation de camp permanent
- Usines de traitement de l'eau et des eaux usées
- Production d'énergie
- Torre de communication
L'entreprise prévoit plusieurs jalons importants pour 2025:
- Publication de l'Étude de Faisabilité au 2e trimestre 2025
- Financement du projet au 2e semestre 2025
- Décision formelle de construction au 2e semestre 2025
- Poursuite de l'ingénierie détaillée
- Exploration de terrains vierges et de terrains déjà exploités
G Mining Ventures (TSX: GMIN, OTCQX: GMINF) hat die Standortvorbereitungsaktivitäten für sein Oko West Gold Projekt in Guyana aufgenommen, nachdem die vorläufige Umweltgenehmigung erteilt wurde. Das Programm für die frühen Bauarbeiten ist Teil der Oko West Kapitalausgabenprognose von 200 bis 240 Millionen US-Dollar für 2025.
Wichtige Infrastrukturentwicklungen umfassen:
- Barge-Landeeinrichtung am Cuyuní-Fluss
- Hauptzugangsstraße und interne Straßen
- Landebahn
- Permanente Camp-Einrichtung
- Wasser- und Abwasserbehandlungsanlagen
- Energieerzeugung
- Kommunikationsturm
Das Unternehmen plant mehrere wichtige Meilensteine für 2025:
- Veröffentlichung der Machbarkeitsstudie im 2. Quartal 2025
- Projektfinanzierung im 2. Halbjahr 2025
- Formelle Bauentscheidung im 2. Halbjahr 2025
- Fortsetzung der Detailplanung
- Erkundung von Greenfield- und Brownfield-Gebieten
- Early works construction commenced with regulatory approval
- Key infrastructure development underway
- $200-240M capex guidance secured for 2025
- Feasibility Study on track for Q2 2025
- Final Environmental License still pending
- Project financing not yet secured
- Construction decision contingent on multiple factors
With the Interim Environmental Permit ("IEP") from the Guyana Environmental Protection Agency ("EPA") already in hand (see news release dated January 7, 2025), the early works construction program is now officially underway, as a part of the total
The early works construction activities permitted under the IEP include:
- Barge landing facility
- Main access road and internal roads
- Airstrip
- Permanent camp facility
- Water and sewage treatment plants
- Power generation
- Communications tower
"The commencement of early works construction at Oko West demonstrates our commitment to expedite the delivery of another world-class gold project," commented Louis-Pierre Gignac, President & CEO. "With site preparation activities ule, we are applying our extensive development expertise to ensure seamless execution while upholding high safety, environmental, and social standards. These early-stage activities lay the groundwork for potentially fast tracking the project construction, once we publish the Feasibility Study, secure financing and make a formal construction decision, all anticipated by the middle of 2025."
The Oko West Feasibility Study is on track for Q2 2025 publication, incorporating updated mineral resource and mineral reserve estimates. A positive outcome, combined with the receipt of final permits and project financing, is expected to support a formal construction decision in H2 2025.
Key Oko West Milestones
Over 2025, the Corporation will focus on the following activities with respect to Oko West:
- FS publication (Q2-2025)
- Project financing (H2-2025)
- Formal construction decision (H2-2025)
- Continuation of detailed engineering (2025)
- Greenfield and brownfield exploration (2025)
About G Mining Ventures Corp.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Gold Mine in
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to (i) the publication of a Feasibility Study for Oko West in Q2 2025, featuring the inaugural reserve estimate and updated mineral resources; (ii) the TZ mill being expected to operate at nameplate capacity; (iii) the restart of exploration activities being a major step forward in the Project's development; (iv) the barge landing and permanent camp being key initial infrastructure to support the Project's development; (v) the comments quoted from GMIN's President & CEO; (vi) the figure entitled "Oko West Gold Project Development Timeline"; and (vii) more generally, the sections entitled "Oko West Key Milestones" and "About G Mining Ventures Corp.".
Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to the price of gold and currency exchange rates (notably the BRL/USD exchange rate), and the items listed in the above section entitled "About G Mining Ventures Corp.".
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) GMIN's 2024 operational success at TZ will be repeated in 2025, or (ii) TZ will generate sufficient free cash flow to advance the Oko West Project, or (iii) the Oko West Feasibility Study will prove positive and the final permits will be obtained, or (iv) an official construction decision for Oko West will be made in H2 2025, or at all, or (v) the Oko West exploration program will lead to expanding its mineral resource inventory, or (vi) mineral resources will eventually demonstrate economic viability and be converted (in whole or in part) into mineral reserves, or (vii) more generally, GMIN will achieve its stated objectives for TZ and Oko West or use TZ and Oko West to grow GMIN into the next mid-tier precious metals producer; as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of
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SOURCE G Mining Ventures Corp