Latest news for G Mining Ventures (OTC:GMINF) Stock

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.

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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

G Mining Ventures (TSE:GMIN) has released an update. G Mining Ventures reports significant progress on their Tocantinzinho Gold Project in Brazil, ...

G Mining Ventures Nears Tocantinzinho Completion

Analysts have been eager to weigh in on the Materials sector with new ratings on Lundin Mining (LUNMF – Research Report), G Mining Ventures (GMINF ...

Analysts' Opinions Are Mixed on These Materials Stocks: Lundin Mining (OtherLUNMF), G Mining Ventures (OtherGMINF) and Anglo American (OtherAAUKF)

Analysts have been eager to weigh in on the Materials sector with new ratings on Bunge (BG – Research Report) and G Mining Ventures (GMINF – Resear...

Analysts Offer Insights on Materials Companies: Bunge (BG) and G Mining Ventures (OtherGMINF)

G Mining Ventures (TSE:GMIN) has released an update. G Mining Ventures reports significant progress at their Tocantinzinho Gold Project in Brazil, ...

G Mining Ventures Nears Brazil Gold Project Launch

G Mining Ventures (TSE:GMIN) has released an update. G Mining Ventures Corp. has announced a recommended proposal for shareholders to vote in favor...

G Mining Ventures Proposes Reunion Gold Merger

G Mining Ventures (TSE:GMIN) has released an update. G Mining Ventures has successfully completed its first gold pour at the Tocantinzinho project ...

G Mining Ventures Celebrates Initial Gold Pour in Brazil

G Mining Ventures (TSE:GMIN) has released an update. G Mining Ventures Corp. announced the successful shareholder approval of a strategic arrangeme...

G Mining Ventures Approves Major Reunion Gold Deal

G Mining Ventures (TSE:GMIN) has released an update. G Mining Ventures (GMIN) has successfully closed a $50 million private placement with investor...

G Mining Ventures Secures Funds and Court's Nod

In a report released yesterday, Matt Murphy from Jefferies maintained a Hold rating on G Mining Ventures (GMINF – Research Report), with a price ta...

Jefferies Remains a Hold on G Mining Ventures (GMINF)

G Mining Ventures (TSE:GMIN) has released an update. G Mining Ventures has successfully completed a strategic business combination with Reunion Gol...

G Mining Ventures Merges with Reunion Gold

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G Mining Ventures Mails Joint Management Information Circular Special Committee and Board of Directors unanimously recommend that Shareholders vote FOR the Arrangement with Reunion Gold

G Mining Ventures Corp Provides Positive Update on Tocantinzinho Gold Project

G Mining Ventures Announces First Gold Pour at Tocantinzinho Project

G Mining Ventures Announces Shareholder Approval of Arrangement with Reunion Gold

G Mining Ventures Announces Closing of Private Placements and Receipt of Final Order for Arrangement with Reunion Gold

G Mining Ventures and Reunion Gold Complete Business Combination

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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>

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Latest news for G Mining Ventures (OTC:GMINF) Stock

Tuesday, April 23, 2024