G Mining Produces 42,587 Ounces Of Gold In Second Quarter

G Mining Ventures (TSX: GMIN) has officially reached nameplate capacity at their flagship Tocantinzinho gold mine in Brazil. The company this morning reported that the processing plant has operated at an average of 12,890 tonnes per day over the last month.

The company at the same time reported their second quarter production results, the operation producing 42,587 ounces of gold, which represents a 20% improvement over first quarter production numbers of 35,578 ounces. Recoveries were said to have improved from 87.7% to 90.3% on a quarter over quarter basis.

Guidance for 2025 was reaffirmed, although production was noted to be slightly behind, with 42% of guidance produced in the first half of the year, versus the planned 44%. Guidance is currently calling for between 175,000 and 200,000 ounces of production this year.

Despite the improvements in operating capacity, G Mining noted that they encountered pre-mature wearing of liners on the SAG mill, resulting in frequent unscheduled downtime for replacement. A permanent fix was implemented in April to reduce downtime going forward.

G Mining Ventures last traded at $17.40 on the TSX.


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

Leave a Reply

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

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 Q4 Earnings: Operational Excellence

G Mining Ventures (TSX: GMIN) officially has a full quarter of commercial production in the...

Saturday, April 5, 2025, 11:27:00 AM

G Mining Ventures Sees Franco-Nevada Take 9.9% Stake As Part Of $481 Million Financing Package

G Mining Ventures (TSXV: GMIN) has evidently attracted the eyes of major producers. The firm...

Monday, July 18, 2022, 08:29:02 AM

G Mining Sees 2024 Production Of 63,566 Gold Ounces

The preliminary numbers are in for G Mining Ventures’ (TSX: GMIN) fourth quarter. The company...

Wednesday, January 8, 2025, 08:21:02 AM

G Mining Reports Oko West NPV Of $2.2 Billion In Feasibility Study

G Mining Ventures (TSX: GMIN) has completed a feasibility study for its Oko West Gold...

Tuesday, April 29, 2025, 08:56:41 AM