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G Mining Ventures Corp. (GMIN) is a leading mining company focused on acquiring, exploring, and developing precious metal projects. The company's flagship Tocantinzinho Gold Project in Brazil is on track and on budget for commercial production in H2-2024. GMIN's commitment to executing world-class projects and fostering industry-leading returns positions it as a key player in the precious metals market.
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G Mining Ventures Corp. has drawn $42 million on its $75 million senior secured term loan with Franco-Nevada Corporation to continue the development and construction of the Tocantinzinho Gold Project in Brazil. The $250 million gold stream has been fully drawn, and the Project remains on track and on budget for commercial production in H2-2024.
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G Mining Ventures Corp. (GMIN) has been named to the 2024 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The ranking is based on one-year total return and average daily dollar volume growth in the previous calendar year. The company's President & CEO, Louis-Pierre Gignac, expressed appreciation for the recognition and highlighted the completion of the powerline project, graduation to the TSX, and progress on the Tocantinzinho Gold Project. GMIN aims to achieve commercial production at Tocantinzinho in the second half of 2024 and become a leading intermediate gold producer.
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G Mining Ventures Corp. (GMINF) provides an update on the progress made at the Tocantinzinho Gold Project in Brazil, highlighting key activities and achievements in 2023. The project is 76% complete and on track for commercial production in H2-2024. Financially strong, with a 104% share price appreciation in 2023, outperforming gold prices and GDXJ. No lost time incidents, fully funded for production, and significant progress in construction and environmental stewardship.
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G Mining Ventures Corp. (GMIN) has received final approval for the listing of its common shares on the Toronto Stock Exchange (TSX). The common shares will begin trading on the TSX on January 11, 2024, under the stock symbol 'GMIN'. Shareholders are not required to take any action in connection with the graduation to the TSX. The company's President & CEO, Louis-Pierre Gignac, highlighted the significance of this milestone, emphasizing the team's integrity and the sustainability of the business. The move to the TSX is expected to increase capital markets visibility, enhance reputation, and improve the common shares' liquidity, ultimately attracting new investors and growing the business to create long-term value for shareholders.
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G Mining Ventures Corp. (GMIN) completes power transmission line project for Tocantinzinho Gold Project in Brazil, ahead of schedule, reducing operating costs and improving reliability.
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G Mining Ventures set to become a significant contributor to Brazil's gold production landscape
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G Mining Ventures Corp. provides update on progress at Tocantinzinho Gold Project in Brazil. Project is 51% complete and on track for commercial production in H2-2024. Total spend to date is $281 million with open commitments of $82 million. Construction is 46% complete. Pre-production mining activities have reached 33kt per day. Powerline construction is 78% complete. Operational readiness activities underway. 2,220 employees and contractors currently employed. Carlos Bertoni engaged as Technical Advisor for exploration. Key milestones include powerline completion in Q1-24, process plant commissioning in Q2-24, first gold pour in Q2-24, and commercial production in H2-24.
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FAQ
What is the current stock price of G MINING VENTURES CRP NEW (GMINF)?
The current stock price of G MINING VENTURES CRP NEW (GMINF) is $7.11 as of October 15, 2024.
What is the market cap of G MINING VENTURES CRP NEW (GMINF)?
The market cap of G MINING VENTURES CRP NEW (GMINF) is approximately 2.0B.
What is G Mining Ventures Corp. focused on?
G Mining Ventures Corp. is dedicated to acquiring, exploring, and developing precious metal projects, with a focus on becoming a leading intermediate precious metals producer.
Where is G Mining Ventures Corp.'s flagship project located?
The company's flagship Tocantinzinho Gold Project is situated in the State of Pará, Brazil, a mining-friendly jurisdiction with significant gold reserves.
When is the commercial production expected to commence at the Tocantinzinho Gold Project?
Commercial production at the Tocantinzinho Gold Project is anticipated to start in the latter half of 2024, following successful project development and construction.
How does G Mining Ventures Corp. plan to grow its operations?
G Mining Ventures Corp. aims to leverage the success of its cornerstone asset, the Tocantinzinho Gold Project, to grow into Brazil's third-largest primary gold mine and become a key player in the precious metals sector.
G MINING VENTURES CRP NEW
OTC:GMINF
GMINF Rankings
GMINF Stock Data
1.96B
140.71M
71.07%
42.22%
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