In this interview, Louis-Pierre Gignac, CEO of G Mining Ventures Corp (TSX: GMIN) (OTCQX: GMINF), discusses the company’s recent success and future plans. G Mining’s stock has risen over 1,400% in the last five years, largely due to bringing their Tocantinzinho gold project in Brazil to production.
Gignac explains that the project is entering its final commissioning phase, with commercial production expected by August and full capacity by year-end. The company projects an industry-leading all-in sustaining cost of $681 per ounce.
“We have grid connection that gives us cheap power, our open pits operation has a low strip ratio as well so we’re not having to move a lot of tonnage to expose ore and feed the plant to capacity. So there’s a lot of factors that result in a low all-in sustaining cost,” Gignac explained, noting that the $681 per ounce cost was from the feasibility study in 2022 and they would still need to cost in inflation, but the operating costs are still going to be in the bottom quartile.
Gignac also discusses the company’s recent merger with Reunion Gold, which will help G Mining reach its goal of becoming an intermediate producer with 500,000 ounces of annual production by 2027-2028.
He highlights Brazil’s strengths as a mining jurisdiction and touches on the company’s major shareholders, including La Mancha Resources and Franco-Nevada. Looking ahead, G Mining plans to continue expanding in the Americas, with a focus on executing their current projects and seeking new opportunities.
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