G Mining Ventures (TSX: GMIN) has officially received final regulatory approval from the Guyana Geology and Mines Commission for their Oko West Gold Project. The company has obtained a mining license from the Commission for the project.
Granted December 5, the license is for a period of 20 years, allowing for the development, operation, and commercial gold production on site. The license represents the final major permitting milestone for Oko West and completes the main regulatory requirements.
The receipt of the license follows G Mining in late October formally approving the construction of the project at an initial capital cost of $973 million, with procurements and commitments for long lead items having already exceeded $334 million.
READ:Â G Mining Secures Up To US$537.5 Million For Construction Of Oko West
Pre-production open-pit mining is expected to begin in the first quarter of 2026, with assembly of the initial mining fleet said to already be underway.
G Mining Ventures last traded at $33.48 on the TSX.
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