Wednesday, October 8, 2025

Latest

G Mining Begins Earthworks At Oko West Project

The development of G Mining Ventures’ (TSX: GMIN) Oko West Gold Project in Guyana has begun, with early works construction now underway. While the effort on-site has now begun, a feasibility study is still in the process of being completed for the project, with its release scheduled for the second quarter of this year.

Guidance released by G Mining has indicated that the company will spend capex of between $200 and $240 million at Oko West in 2025, as the company advances towards the commencement of construction later this year. An interim environmental permit, issued from the Guyana Environmental Protection Agency, was received in January of this year, enabling the process of constructing the mine to start.

Current early works construction efforts will see site preparation conducted for a barge landing on the Cuyuni River and the permanent camp area, which are said to be critical initial infrastructure items that need to be completed to support the future development of Oko West. The interim permit also allows for earthmoving efforts to support the main access and internal roads, an airstrip, water and sewage treatment plants, power generation, and the communications tower.

A preliminary economic assessment released in 2024 has indicated that the Oko West project is expected to produce 353,000 ounces of gold a year at an all in sustaining cost of just $986 an ounce. The mine is expected to operate for an initial mine life of 12.7 years, and boasts a net present value of $1.4 billion, using a 5% discount rate and a gold price of $1,950 an ounce. Production is currently expected to come online in early 2028.

G Mining Ventures last traded at $15.75 on the TSX.


Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

G Mining Ventures Posts Q4 AISC Of Just $862 An Ounce In First Full Quarter Of Production

G Mining Ventures (TSX: GMIN) has posted financial results for its first full quarter of...

Friday, March 28, 2025, 09:14:43 AM

G Mining Ventures Acquires Brazilian Gold Project From BHP

G Mining Ventures Corp. (TSX: GMIN) has taken significant steps to secure its future as...

Monday, September 9, 2024, 09:30:00 AM

First Gold Pour Boosts G Mining to $43M Revenue In First Quarter Of Production

G Mining Ventures Corp. (TSX: GMIN) has reported its third-quarter 2024 results, a milestone moment...

Friday, November 15, 2024, 09:26:00 AM

G Mining Q1 Earnings: Bumps in the Road, But Still on Track

The new kid on the block has seemingly hit a bit of a roadblock when...

Saturday, May 31, 2025, 01:14:00 PM

G Mining Secures Environmental Approval For Oko West Project

G Mining Ventures (TSX: GMIN) has secured a final approval for an environmental permit at...

Tuesday, September 2, 2025, 09:20:44 AM