G MINING VENTURES CRP NEW - GMINF STOCK NEWS

G Mining Ventures Corp. (TSX: GMIN, OTCQX: GMINF) announced shareholder approval for its merger with Reunion Gold The merger, resulting in a new entity 'New GMIN', is set to finalize around July 15, 2024, pending regulatory approvals. Additionally, a $50 million private placement with La Mancha and Franco-Nevada was approved, expected to close by July 12, 2024. Shareholders also elected new directors and confirmed PricewaterhouseCoopers LLP as auditors. The merger and private placements aim to bolster G Mining's financial position and facilitate its growth in precious metals production.

G Mining Ventures has announced its first gold pour at the Tocantinzinho Gold Project in Pará, Brazil. The first pour yielded approximately 440 ounces of gold, and the project is on time and within budget, with commercial production expected in the second half of 2024. Over 2.6 million tonnes of ore containing 78,000 ounces of gold have been stockpiled. The project aims to become Brazil's third-largest primary gold mine, with a projected annual production of 175,000 ounces over a 10.5-year mine life. The initial capital cost is $458 million, with an after-tax NPV5% of $1 billion and an IRR of 34% at a $2,000/oz gold price. The project began construction in September 2022 and started hot commissioning in June 2024, processing 77,000 tonnes of ore. Key upcoming milestones include a shareholders meeting on July 9, 2024, and the anticipated closing of a transaction with Reunion Gold on July 15, 2024.

G Mining Ventures has started ore processing at its Tocantinzinho (TZ) Gold Project in Pará, Brazil, with commercial production expected in the second half of 2024.

The $GMINF project is 97% complete and remains on schedule and on budget. The project aims to produce 175,000 ounces of gold annually over its 10.5-year lifespan. Hot commissioning has begun, initially using 2 million tonnes (Mt) of stockpiled ore, which includes 1.5 Mt of lower-grade ore and 0.5 Mt of higher-grade ore.

CEO Louis-Pierre Gignac highlighted the project's timely progress and its potential to become Brazil's third-largest primary gold mine. The plant's pre-commissioning and commissioning phases have been successfully tested, and the project is poised for commercial production as planned.

G Mining Ventures (TSX: GMIN, OTCQX: GMINF) has provided an update on its Tocantinzinho Gold Project in Pará, Brazil. The project is 93% complete and on track for commercial production in H2 2024, with 95% of construction finished. The total spend to date is $447 million, aligning with the project's budget of $458 million. The project boasts an industry-leading safety record with an LTIFR of 0.04 after 5.2 million person-hours worked. Significant milestones include pre-production mining exceeding targets, completion of critical infrastructure, and successful energization of a 193-km powerline. Operational readiness is advancing with all necessary personnel hired and trained. The spot gold price is near $2,400/oz, enhancing project economics.

G Mining Ventures Corp. completes the final draw on a $75 million term loan from Franco-Nevada for the Tocantinzinho Gold Project in Brazil, remaining on track and on budget for commercial production in H2-2024. The provided evidence of sufficient funding to complete the project.

G Mining Ventures and Reunion Gold announce a combination to create a leading intermediate gold producer in the Americas by acquiring Oko West, a significant gold discovery in Guyana. GMIN aims to leverage its best-in-class management team and de-risked growth profile to accelerate Oko West's development, supported by cash flow from Tocantinzinho Gold Project. The Transaction offers a 29% premium to RGD shareholders, with GMIN acquiring RGD's assets and creating a new gold explorer. The deal is expected to enhance GMIN's market profile, with continued support from La Mancha and Franco-Nevada.

G Mining Ventures Corp. unveils the Tocantinzinho Gold Project in Brazil, positioning itself as a leader in sustainable mineral development. The project nears completion with commercial production expected in the latter half of 2024, setting a new standard for responsible mining in Brazil.

G Mining Ventures Corp. provides an update on the progress of its Tocantinzinho Gold Project in Brazil, with the project 87% complete and on track for commercial production in H2-2024. The total spending to date is $433 million, with construction at 89% completion. The company has achieved significant milestones in health & safety, budget management, schedule adherence, construction progress, pre-production mining, powerline installation, and operational readiness. The PR highlights the company's strong safety record, budget tracking in line with the feasibility study, and progress in construction and pre-production activities.

G Mining Ventures Corp. (GMINF) has been recognized as a 2024 Top 50 Company by the TSX Venture Exchange, ranking top 10 in the mining sector. The company's common shares migrated from the TSXV to the TSX on January 11, 2024. GMINF aims to achieve commercial production at its Tocantinzinho Gold Project in the second half of 2024, positioning itself as a leading intermediate gold producer.