Get the latest news on G Mining Ventures stock with updates on market trends, financials, and analysis from Benzinga. Stay informed on GMINF performance

Latest G Mining Ventures Stock News | OTC:GMINF | Benzinga

G Mining Ventures Corp is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects. Its flagship asset, the permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pit gold deposit containing around 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth and the underexplored 688km2 land package presents an additional exploration potential. It has one operating segment, the exploration and development of mineral properties.

Gold-image

Commodities

Small Cap

GMINF

RGDFF

The Oko West gold project, located 60 miles southwest of Guyana&#39;s capital, Georgetown, has emerged as a major gold discovery in recent years.

G Mining Ventures Spends $638M To Buy Reunion Gold Guyana Project

G MINING VENTURES CRP NEW by G Mining Ventures Corp.

G Mining Ventures Corp

Press Releases

G Mining Ventures Appoints Naguib Sawiris to its Board of Directors

G Mining Ventures Regrets a Fatality at the Oko West Project in Guyana

G Mining Ventures Files NI 43-101 Technical Report for the Oko West Gold Project in Guyana

G Mining Ventures Announces Proposed Exercise of Share Purchase Warrants Held by Franco-Nevada

Earnings

G Mining Ventures Reports Third Quarter 2024 Production and Financial Results

G Mining Ventures Provides Corporate Update

G Mining Ventures Receives Interim Environmental Permit for the Oko West Gold Project in Guyana

G Mining Ventures Celebrates 2024 Achievements and Gold Production of 63,566 Ounces

G Mining Ventures Releases 2025 Production and Cost Guidance

G Mining Ventures Announces Consolidated Mineral Reserves and Resources for Year-End 2024 including Mineral Resource Estimate for the Gurupi Project in Brazil

EVMNY

TSX:EDV

TSX:GMIN

G Mining Ventures

Montreal-based G Mining Ventures (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GMINF#OTCQX">GMINF</a>) is acquiring Reunion Gold&#8216;s (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/RGDFF#OTCQX">RGDFF</a>) Oko West gold project in Guyana in an all-share deal for $638 million. 



What Happened: This acquisition will strengthen the company's foothold in South America and solidify its position as an intermediate <a href="https://www.benzinga.com/topic/gold">gold</a> producer.



&#8220;We are well-positioned to accelerate value creation at Oko West, leveraging our unique expertise in building and operating mines on schedule and budget in the Guiana Shield. The acquisition of Oko West is the second step towards our vision of becoming a leading intermediate gold producer, building on the team&#8217;s success at Tocantinzinho," G Mining CEO Louis-Pierre Gignac <a href="https://assets.ctfassets.net/jj9ent3ck4o2/xVomtJrDRBH5GqTbcoDEp/fe7abccd9b8cd4d9010e39d5554a6867/GMIN_l_Combination_with_Reunion_Gold_I_4.22.2024.pdf">said</a> in a statement.



See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38358074/peter-schiff-warns-against-piling-risk-assets-like-tech-stocks-and-bitcoin-amid-inf">Peter Schiff Warns Against Piling &#8216;Risk Assets&#8217; Like Tech Stocks And Bitcoin Amid Inflation Concerns &#8211; &#8216;Investors Should Be Buying Gold&#8217;</a>



Why It Matters: The Oko West gold project, located 60 miles southwest of Guyana&#8217;s capital, Georgetown, has emerged as a major gold discovery in recent years. 



The site boasts an estimated resource of 64.6 million indicated tons grading 2.05 grams of gold per ton and 19.2 million inferred tons grading 2.59 grams of gold per ton.



With its experienced management team, G Mining should bring technical expertise and financial resources to advance production, given its track record in the Guiana Shield region. 



The company was founded by the Gignac family, whose experience includes building Cambior&#8216;s first South American gold mine in Guyana in the early 1990s.



Additionally, G Mining and Reunion Gold aim to spin off Reunion&#8217;s other assets into a new company. SpinCo, a new exploration company funded with $15 million from G Mining, will focus on acquiring and exploring gold properties outside the immediate 12-mile area of interest surrounding Oko West. It will also target properties in neighboring Suriname, a country already boasting established gold mines like IAMGOLD&#8217;s Rosebel and the aforementioned Merian.



This agreement provides continued exploration opportunities for both companies. G Mining gains a foothold in a broader exploration area, while Reunion Gold shareholders retain exposure to this potential through their ownership in SpinCo.



Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!



Now Read: <a href="https://www.benzinga.com/markets/latin-america/24/04/38357624/lithium-boom-a-vote-of-confidence-for-argentinian-economic-turnaround">Eramet&#8217;s $800M Lithium Investment A Vote Of Confidence For Argentinian Economic Turnaround</a>

Comments

G Mining Ventures Stock News

News

Latest G Mining Ventures Stock News | OTC:GMINF | Benzinga

Tuesday, April 23, 2024

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga