Latest news with #GMIN
Cision Canada
2 days ago
- Business
- Cision Canada
G Mining Ventures Publishes 2024 ESG Report Highlighting Progress on Climate Action, Community Engagement, and Responsible Growth; Announces Management Update
BROSSARD, QC, July 30, 2025 /CNW/ - G Mining Ventures Corp. (" GMIN" or the " Corporation" or " we") (TSX: GMIN) (OTCQX: GMINF) is pleased to announce the publication of its 2024 Environmental, Social, and Governance (" ESG") Report, highlighting a pivotal year in which the Corporation transitioned from mine developer to operator and accelerated its evolution into a multi-asset, mid-tier gold producer. All figures are in U.S. dollars unless otherwise noted. Covering the period from January 1 to December 31, 2024, the report highlights GMIN's progress in environmental stewardship and responsible mining, inclusive economic growth, and governance excellence — particularly at the Tocantinzinho Gold Mine (" TZ") in Pará State, Brazil, and through early ESG integration at the Oko West Project in Guyana (" Oko West") and the Gurupi (" Gurupi") Project in Brazil. Prepared in alignment with globally recognized frameworks—including GRI, SASB, TCFD, TNFD, IFRS S1/S2, and the UN Sustainable Development Goals 1 —the report reflects GMIN's commitment to transparency, accountability, and sustainable value creation. "2024 marked a foundational year for GMIN as we successfully transitioned into a gold producer and laid the groundwork to become a multi-asset gold producer," said Louis-Pierre Gignac, President & Chief Executive Officer. "Our ESG strategy evolved from policy to action — integrated across teams, sites, and decision-making processes. This report captures not only our progress, but also our intent to: grow responsibly, reduce our environmental impact, and strengthen partnerships in the regions where we operate. As we grow, ESG remains central to how we operate and how we create responsible, long-term value for all stakeholders." GMIN's 2024 ESG Report Highlights: Environmental Stewardship: Licensing Milestones: Obtained environmental operating licenses for energy infrastructure, tailings structures, gold extraction, and beneficiation for TZ and initiated Environmental Permitting for Oko West with an Environmental and Social Impact Assessment filing at the Guyana's Environmental Protection Agency in November of 2024. Tailings and Water Management: TZ operations aligned with the Global Industry Standard on Tailings Management (GISTM), with independent oversight from the Tailings Review Committee. Recycling: 94% of the water at the mill and 74% of solid waste generated at TZ was recycled where key recycling initiatives generated revenue. Biodiversity and Reforestation: 33 hectares were reforested; 449 wild animals rescued; 2,837 plant specimens relocated; and over 10,000 individual fauna and flora monitored. Greenhouse gas ("GHG") Reporting: Completed 2024 GHG emissions inventory on Scope 1 and 2; emissions mitigation and reforestation projects are underway. Social Responsibility: Health and Safety: Achieved a Total Recordable Incident Frequency Rate (TRIFR) of 0.08 over 2.49 million hours worked, maintaining GMIN's "zero harm" priority. Local Economic Development: 98% of national workforce at TZ Mine, with 81% coming from Pará State, including 67% from the Itaituba region. Over R$174 million (~USD 35 million) in local procurement was recorded. Community Engagement: 2,309 students engaged in socio-environmental education programs; and supported 15 community-led projects through a participatory committee. Diversity, Equity and Inclusion: Women represented 15.2% of the workforce in 2024, up from 11% in 2023; targeted inclusion and training initiatives expanded. Governance Excellence: Policy Development: Formalized new corporate policies: Human Rights, Climate Change, and Tailings Management. Human Rights Training & Due Diligence: 100% of corporate and TZ leadership completed human rights training. A Human Rights Impact Assessment is underway at TZ. Modern Slavery Compliance: Submitted the first report in compliance with requirements of the Canadian Fighting Against Forced Labour and Child Labour in Supply Chain act, including the actions to better understand and manage risks of modern slavery in our supply chain. Grievance Management: GMIN's Relationship Portal addressed and resolved 100% of 2024 reports. The system will be expanded to Oko West and Gurupi in 2025. Ethical Supply Chain: All suppliers were screened using the CIAL platform, a third-party software system for supplier due diligence and risk monitoring; zero incidents of child or forced labor were identified in 2024. ESG Integration at Growth Projects In addition to reaching commercial production at TZ, GMIN made key strides at its development-stage assets, aligning with international best practices. At Oko West, GMIN formed a Multi-Stakeholder Working Group, secured provisional environmental and social licensing, and initiated early works construction. At Gurupi, GMIN began permitting and stakeholder engagement planning following the acquisition. "As we advance our sustainability strategy, this report shows how ESG principles are now embedded across our operations," said Eduardo Leão, Vice President of Sustainability. " In 2024, we moved from design to delivery — formalizing policies, applying global frameworks, and engaging stakeholders across Brazil and Guyana. From biodiversity and water reuse to human rights and governance, we're building a resilient, responsible business grounded in long-term value creation." These priorities reflect GMIN's commitment to responsible mining, environmental leadership, and inclusive growth across its operations. In 2025, the Corporation will focus on the following ESG initiatives: Reforestation: Reforest an additional 36 hectares, building on 33 hectares restored to date. GHG Emissions: Expand Scope 3 emissions tracking and mitigation strategies. Increase offsetting efforts through reforestation. Renewable Energy and Efficiency: Launch solar and wind power generation studies. Optimize operational processes to reduce energy demand. Waste Management: Raise the recycling rate to 75% of total waste generated. Reduce average waste disposal costs by 10%. Introduce circular economy practices across key facilities. Human Rights and Inclusion: Continue due diligence assessments and expand leadership training. Conduct Human Rights Impact Assessments at TZ and Oko West. Responsible Mining Standards: Achieve 70% compliance with the International Cyanide Management Code. Conduct external assessments aligned with the TSM (Towards Sustainable Mining) protocol. Stakeholder Engagement: Launch new stakeholder engagement and social investment committees at Oko West (Guyana) and Gurupi (Brazil). Management Update The Corporation announces the departure of Dušan Petković, Senior Vice President, Corporate Strategy, effective July 28, 2025. Dušan played an integral role in GMIN's early success, including the acquisition and financing of the Tocantinzinho Gold Project. His responsibilities have been transitioned to existing senior leaders, ensuring continuity as GMIN continues to execute its multi-asset growth strategy. The Corporation thanks Dušan for his many contributions and wishes him continued success in his future endeavors. A formal search for his replacement is underway, with a succession planning process in place to ensure a smooth transition. The Corporation is also pleased to announce the appointment of Jean-François Lemonde as Vice President, Investor Relations, effective August 4, 2025. Mr. Lemonde brings a strong track record in capital markets, with deep relationships across global institutions and investors. His experience and insight into financial communications will be instrumental in strengthening GMIN's engagement with the investment community to support its next phase of growth. About G Mining Ventures Corp. G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the TZ Gold Mine in Brazil and Oko West Gold Project in Guyana, both mining friendly and prospective jurisdictions. Additional Information For further information on GMIN, please visit the website at Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to (i) the Corporation accelerating its evolution into a multi-asset, mid-tier gold producer; (ii) the expansion of GMIN's inclusion and training initiatives; (iii) the conduct of a human rights assessment at TZ and company-wide; (iv) the expansion of grievance management to Oko West and Gurupi; and (v) more generally, the quoted comments of GMIN's President & Chief Executive Officer as well as GMIN's Vice President of Sustainability, and the sections entitled "Looking Ahead: 2025 ESG Commitments" and "About G Mining Ventures Corp." Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to the TZ operations aligning with the GISTM, GMIN operating with a long-term mindset that prioritizes community voice, ecological protection and operational discipline, GMIN's operational processes being optimized to reduce energy demand; those relating to the ESG integration at the Oko West and Gurupi projects; those relating to the price of gold and currency exchange rates; and those underlying the items listed in the above section entitled "About G Mining Ventures Corp." Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) GMIN will create sustainable value for its stakeholders and will grow responsibly, will reduce its environmental impact and will strengthen partnerships where it operates, or (ii) GMIN's key recycling initiatives will continue to generate revenue, or (iii) the TRIFR will be maintained in the future, or (iv) levels of local employment and procurement will be maintained, or (v) GMIN will achieve, in whole or in part, its ESG initiatives for 2025, or (vi) GMIN will maintain compliance with applicable modern slavery legislation and reach full compliance with the International Cyanide Management Code, or (vii) the succession planning process following Dušan Petković's departure will ensure a smooth transition and Jean-François Lemonde's appointment will prove instrumental in strengthening GMIN's engagement with the investment community, or (viii) GMIN will use TZ and Oko West to grow GMIN into the next multi-asset, intermediate producer, as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that Brazil and/or Guyana will remain mining friendly and prospective jurisdictions. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation's (i) Annual Information Form dated March 27, 2025, for the financial year ended December 31, 2024, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Cision Canada
23-07-2025
- Business
- Cision Canada
G Mining Ventures Provides Update on Gurupi Project Licensing Process in Brazil Following Court Ruling
BROSSARD, QC, July 23, 2025 /CNW/ - G Mining Ventures Corp. (" GMIN" or the " Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that a recent ruling by the 8th Federal Environmental and Agrarian Court of the Judicial Section of Maranhão (the " Court") has provided regulatory clarity for the advancement of the Gurupi Gold Project (" Gurupi" or the " Project") in Brazil. This decision brings Public Civil Action No. 0047389-17.2013.4.01.3700—open since 2013—to a close, resolving a longstanding permitting issue tied to legacy licenses issued in 2011. The Court annulled the preliminary and installation licenses issued in 2011 to a prior operator and confirmed GMIN's ability to initiate a new environmental licensing process. This process requires the submission of a full Environmental Impact Assessment and Report (" EIA/RIMA") and prior consent from the National Institute for Colonization and Agrarian Reform (" INCRA") for areas overlapping agrarian settlements. The ruling provides a clean regulatory path forward and positions Gurupi for long-term development and strategic growth. "This ruling marks a pivotal moment for Gurupi," said Louis-Pierre Gignac, President & Chief Executive Officer. " It removes a longstanding regulatory constraint and gives us the green light to advance the project with clarity—an outcome made possible through close collaboration with multiple stakeholders since we acquired the Project. With this legal certainty, we are now well positioned to unlock the full potential of this district-scale asset through focused exploration and meaningful stakeholder engagement. This decision also reinforces GMIN's track record of navigating complex regulatory environments and creating value. It directly supports our broader vision of building the next mid-tier gold producer in the Americas." Key Outcomes of the Court Decision Legacy Risks Removed: The ruling annuls the 2011 licenses (Preliminary License No. 043/2011 and Installation License No. 280/2011) issued to the prior companies, eliminating historical legal and permitting liabilities and removing a long-standing constraint on the asset. Permitting Path Reopened: GMIN is now authorized to proceed with a new licensing process based on updated technical, environmental and social studies, enabling a clean and structured approach to Gurupi's development. Strategic Path Forward for Gurupi This outcome is a key step in positioning Gurupi as a long-term development asset. GMIN is now moving forward with a disciplined, multi-year exploration program, complemented with environmental studies and stakeholder engagement. This formal decision is a key step in unlocking the long-term optionality of the Gurupi Project. With an extensive ~1,900 km² land package, Gurupi plays a key role in the Corporation's multi-asset portfolio, offering both greenfield and brownfield exploration targets to support long-term mineral resource growth. The most recent mineral resource estimate (" MRE") for Gurupi, announced on February 20, 2025, includes: 1.83 million ounces (" Moz") of indicated mineral resources (43.5 Mt @ 1.31 g/t Au) 0.77 Moz of inferred mineral resources (18.5 Mt @ 1.29 g/t Au) These resources are hosted across three deposits: Blanket, Contact (Cipoeiro area), and Chega Tudo, all with strong potential for expansion along strike and at depth. An initial 2025 exploration budget of USD $2–4 million was designed for regional soil sampling, trenching and mapping, as well as using machine learning core logging system to capture the value of historical drillholes. Upon receipt of the necessary exploration permits, a larger budget will be mobilized to ramp up exploration in the second half of 2025. 2025 Outlook Reaffirmed For the remainder of 2025, the Corporation will focus on the following activities: Final environmental permit for Oko West (early Q3 2025) Oko West financing and construction decision (H2-2025) Greenfield and brownfield exploration (Tocantinzinho (" TZ"), Oko West and Gurupi) (2025) Qualified Person ("QP") The technical content of this press release has been reviewed by Julie-Anaïs Debreil, Vice President Geology & Resources of GMIN, a QP as defined in National Instrument NI 43-101 (" NI 43-101"), on behalf of the Corporation and has approved the technical disclosure contained in this news release. The MRE is summarized into a technical report that is filed on the Corporation's website at and on SEDAR+ at in accordance with NI 43-101. About G Mining Ventures Corp. G Mining Ventures Corp. is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the TZ Gold Mine in Brazil and Oko West Gold Project in Guyana, both mining friendly and prospective jurisdictions. Additional Information: For further information on GMIN, please visit the website at Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those relating to (i) the recent ruling allowing GMIN to move forward with disciplined exploration and strategic planning, (ii) GMIN being enabled to pursue a new, modern licensing process that will enable a clean and structured approach to Gurupi's development, (iii) Gurupi representing a significant long-term growth opportunity for GMIN, (iv) Gurupi's potential for continued resource growth with several zones remaining open at depth and along strike, and (v) more generally, the sections entitled "Strategic Path Forward for Gurupi", "2025 Outlook Reaffirmed" and "About G Mining Ventures Corp." Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to the MRE and the conduct of the 2025 exploration campaign, those relating to the price of gold and currency exchange rates, and those underlying the items listed in the above section entitled "About G Mining Ventures Corp." Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) GMIN will keep full control over the Gurupi timeline, (ii) a larger exploration budget will be mobilized which will ramp up exploration and yield positive results, (iii) greenfield and brownfield exploration targets will support long-term mineral resource growth, (iv) the application of the self-perform execution model will deliver results for Gurupi as it did for TZ, (v) GMIN will be able to foster cooperation with stakeholders, (vi) more generally, GMIN will achieve its stated objectives for Gurupi, (vii) GMIN will receive the final environmental permit for Oko West and will make a positive construction decision, (viii) GMIN will continue to navigate successfully through complex regulatory environments, or (ix) GMIN will successfully use TZ and Oko West to grow into the next intermediate producer, as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that Brazil and/or Guyana will remain mining friendly and prospective jurisdictions. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation's (i) Annual Information Form dated March 27, 2025, for the financial year ended December 31, 2024, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Cision Canada
11-07-2025
- Business
- Cision Canada
G Mining Ventures Achieves Nameplate Capacity at Tocantinzinho; Q2 2025 Production Results Released English
BROSSARD, QC, July 8, 2025 /CNW/ - G Mining Ventures Corp. (" GMIN" or the " Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that its Tocantinzinho Gold Mine (" TZ") in the State of Pará, Brazil reached a major operational milestone, with the processing plant operating at an average of 12,890 tonnes per day (" tpd") over 30 consecutive days. The Corporation also reports gold (" Au") production for the second quarter of 2025 of 42,587 ounces (" oz"). Second Quarter 2025 Production Highlights No lost time or recordable incidents in Q2 2025 Q2-2025 gold production of 42,587 ounces, a 20% increase over Q1 2025 Gold recovery improved to 90.3% (from 87.7% in Q1 2025) Average mining rate of ~47,900 tpd, an 18% increase from Q1 2025 Average plant throughput of 11,100 tpd or 86% of nameplate April: 8,600 tpd (67% of nameplate) May and June: 12,300 tpd (96% of nameplate) "The team at TZ has delivered an impressive Q2 following the SAG mill liner challenges earlier this year, leading to a successful ramp up to nameplate throughput," said Louis-Pierre Gignac, President & Chief Executive Officer. "Since implementing the new liner, the mill has operated with excellent stability, higher throughput, and robust gold recoveries. These results demonstrate our technical capabilities and disciplined execution, keeping us firmly on track to achieve our 2025 production targets." Tocantinzinho Key Production Highlights: Tocantinzinho Processing Update During the ramp-up phase of the TZ mine, GMIN identified premature wear of the poly-met liners in the Semi-Autogenous Grinding (" SAG") mill, which resulted in frequent unscheduled downtime for liner replacements. While the mill performed as designed when running, these repeated shutdowns lowered the plant availability, resulting in less tonnage processed. To resolve the issue, the Corporation completed a permanent replacement of the rubber liners with a steel system in April, effectively eliminating the need for unplanned stoppages with normal wear expected going forward. Since the installation of the steel liners in April, the mill has performed to expectations, achieving an average throughput of 96% of nameplate for the months of May and June, with an exceptional 103% of nameplate for the month of May. This performance demonstrates the robustness of the permanent solution and highlights the stability of the TZ processing circuit. The expert control systems installed on the SAG mill and flotation circuit have contributed to increased plant throughput, enhanced stability and improved gold recoveries. Tocantinzinho Mining Update The mine delivered strong operational performance in Q2, achieving an average mining rate of 47,900 tpd — an 18% increase over Q1, which had been adversely impacted by above-average rainfall relative to historical data. During the quarter, additional mine fleet equipment was delivered to Brazil, with assembly and commissioning scheduled for Q3. This deployment is expected to further elevate mining production in the second half of the year. The newly acquired equipment will be classified as sustaining capital and will be reflected in the Q2 AISC cost metrics accordingly. Strong Operational Performance Underway 2025 production guidance for the TZ mine is forecast to be between 175,000 to 200,000 gold ounces, with a 44% of the production targeted for H1 and 56% in H2. Second-quarter gold production totaled 42,587 ounces, representing 23% of the midpoint of annual guidance, slightly above the planned 22%. First-half 2025 gold production totaled 78,165 ounces, representing 42% of the midpoint of annual guidance, slightly below the planned 44%. 2025 Outlook Reaffirmed Following the successful resolution of the SAG mill issue, GMIN reiterates its previously issued 2025 production guidance for the TZ mine of 175,000 to 200,000 oz. Commentary on cost guidance will be provided with the upcoming Q2 results. 2025 Catalysts Over 2025, the Corporation will focus on the following activities: Final environmental permit for Oko West (early Q3 2025) Oko West financing and construction decision (H2-2025) Greenfield and brownfield exploration (TZ, Oko West and Gurupi) (2025) Second Quarter 2025 Earnings Results Conference Call and Webcast GMIN will release its second quarter 2025 results on Thursday, August 14, 2025, after market close. GMIN's senior management will host a conference call the following day, at 9:00 AM (Eastern Time) to discuss the Corporation's financial and operating results, which will be followed by a Q&A session. Participants may join the conference call using the following call-in details: Conference ID: 2442486 Participant Toll-Free Dial-In Number: 1 (800) 715-9871 Participant International Dial-In Number: 1-646-307-1963 Participants can also access a live webcast of the conference call via or via the GMIN website at: A replay of this conference call will be available via the webcast for 12 months. Replay details will be provided on the GMIN website 24 hours after the call at: Qualified Person Louis-Pierre Gignac, President & Chief Executive Officer of GMIN, a QP as defined in NI 43-101, has reviewed the press release on behalf of the Corporation and has approved the technical disclosure contained in this press release. About G Mining Ventures Corp. G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Mine in Brazil, supported by the Gurupi Project in Brazil and the Oko West Project in Guyana — all with significant exploration upside and located in mining-friendly jurisdictions. Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to (i) the replacement of the SAG mill liners effectively eliminating unplanned stoppages; (ii) the additional mine fleet equipment expected to further elevate mining productivity in the second half of the year; (iii) the 2025 production guidance for the TZ mine; (iv) the quoted comments of GMIN's President & Chief Executive Officer; (v) the above-listed 2025 catalysts; and (vi) more generally, the section entitled "About G Mining Ventures Corp.". Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to (i) the improved gold recoveries at TZ, (ii) a stable plant throughput at TZ, (iii) the price of gold, and (iv) currency exchange rates; and those underlying the items listed in the above section entitled "About G Mining Ventures Corp." Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) the average mining rate, mill throughput and gold recoveries will continue to improve or at least be maintained at same levels, or (ii) the 2025 production guidance for TZ will be achieved, or (iii) the 2025 catalysts will materialize as expected by management, or (iv) TZ and Oko West will grow GMIN into the next intermediate producer, as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that Brazil and/or Guyana will remain mining friendly and prospective jurisdictions. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation's (i) Annual Information Form dated March 27, 2025, for the financial year ended December 31, 2024, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Cision Canada
08-07-2025
- Business
- Cision Canada
G Mining Ventures Achieves Nameplate Capacity at Tocantinzinho; Q2 2025 Production Results Released
BROSSARD, QC, July 8, 2025 /CNW/ - G Mining Ventures Corp. (" GMIN" or the " Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that its Tocantinzinho Gold Mine (" TZ") in the State of Pará, Brazil reached a major operational milestone, with the processing plant operating at an average of 12,890 tonnes per day (" tpd") over 30 consecutive days. The Corporation also reports gold (" Au") production for the second quarter of 2025 of 42,587 ounces (" oz"). Second Quarter 2025 Production Highlights No lost time or recordable incidents in Q2 2025 Q2-2025 gold production of 42,587 ounces, a 20% increase over Q1 2025 Gold recovery improved to 90.3% (from 87.7% in Q1 2025) Average mining rate of ~47,900 tpd, an 18% increase from Q1 2025 Average plant throughput of 11,100 tpd or 86% of nameplate April: 8,600 tpd (67% of nameplate) May and June: 12,300 tpd (96% of nameplate) "The team at TZ has delivered an impressive Q2 following the SAG mill liner challenges earlier this year, leading to a successful ramp up to nameplate throughput," said Louis-Pierre Gignac, President & Chief Executive Officer. "Since implementing the new liner, the mill has operated with excellent stability, higher throughput, and robust gold recoveries. These results demonstrate our technical capabilities and disciplined execution, keeping us firmly on track to achieve our 2025 production targets." Tocantinzinho Key Production Highlights: Tocantinzinho Processing Update During the ramp-up phase of the TZ mine, GMIN identified premature wear of the poly-met liners in the Semi-Autogenous Grinding (" SAG") mill, which resulted in frequent unscheduled downtime for liner replacements. While the mill performed as designed when running, these repeated shutdowns lowered the plant availability, resulting in less tonnage processed. To resolve the issue, the Corporation completed a permanent replacement of the rubber liners with a steel system in April, effectively eliminating the need for unplanned stoppages with normal wear expected going forward. Since the installation of the steel liners in April, the mill has performed to expectations, achieving an average throughput of 96% of nameplate for the months of May and June, with an exceptional 103% of nameplate for the month of May. This performance demonstrates the robustness of the permanent solution and highlights the stability of the TZ processing circuit. The expert control systems installed on the SAG mill and flotation circuit have contributed to increased plant throughput, enhanced stability and improved gold recoveries. Tocantinzinho Mining Update The mine delivered strong operational performance in Q2, achieving an average mining rate of 47,900 tpd — an 18% increase over Q1, which had been adversely impacted by above-average rainfall relative to historical data. During the quarter, additional mine fleet equipment was delivered to Brazil, with assembly and commissioning scheduled for Q3. This deployment is expected to further elevate mining production in the second half of the year. The newly acquired equipment will be classified as sustaining capital and will be reflected in the Q2 AISC cost metrics accordingly. Strong Operational Performance Underway 2025 production guidance for the TZ mine is forecast to be between 175,000 to 200,000 gold ounces, with a 44% of the production targeted for H1 and 56% in H2. Second-quarter gold production totaled 42,587 ounces, representing 23% of the midpoint of annual guidance, slightly above the planned 22%. First-half 2025 gold production totaled 78,165 ounces, representing 42% of the midpoint of annual guidance, slightly below the planned 44%. 2025 Outlook Reaffirmed Following the successful resolution of the SAG mill issue, GMIN reiterates its previously issued 2025 production guidance for the TZ mine of 175,000 to 200,000 oz. Commentary on cost guidance will be provided with the upcoming Q2 results. 2025 Catalysts Over 2025, the Corporation will focus on the following activities: Final environmental permit for Oko West (early Q3 2025) Oko West financing and construction decision (H2-2025) Greenfield and brownfield exploration (TZ, Oko West and Gurupi) (2025) Second Quarter 2025 Earnings Results Conference Call and Webcast GMIN will release its second quarter 2025 results on Thursday, August 14, 2025, after market close. GMIN's senior management will host a conference call the following day, at 9:00 AM (Eastern Time) to discuss the Corporation's financial and operating results, which will be followed by a Q&A session. Participants may join the conference call using the following call-in details: Conference ID: 2442486 Participant Toll-Free Dial-In Number: 1 (800) 715-9871 Participant International Dial-In Number: 1-646-307-1963 Participants can also access a live webcast of the conference call via or via the GMIN website at: A replay of this conference call will be available via the webcast for 12 months. Replay details will be provided on the GMIN website 24 hours after the call at: Qualified Person Louis-Pierre Gignac, President & Chief Executive Officer of GMIN, a QP as defined in NI 43-101, has reviewed the press release on behalf of the Corporation and has approved the technical disclosure contained in this press release. About G Mining Ventures Corp. G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Mine in Brazil, supported by the Gurupi Project in Brazil and the Oko West Project in Guyana — all with significant exploration upside and located in mining-friendly jurisdictions. Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to (i) the replacement of the SAG mill liners effectively eliminating unplanned stoppages; (ii) the additional mine fleet equipment expected to further elevate mining productivity in the second half of the year; (iii) the 2025 production guidance for the TZ mine; (iv) the quoted comments of GMIN's President & Chief Executive Officer; (v) the above-listed 2025 catalysts; and (vi) more generally, the section entitled "About G Mining Ventures Corp.". Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to (i) the improved gold recoveries at TZ, (ii) a stable plant throughput at TZ, (iii) the price of gold, and (iv) currency exchange rates; and those underlying the items listed in the above section entitled "About G Mining Ventures Corp." Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) the average mining rate, mill throughput and gold recoveries will continue to improve or at least be maintained at same levels, or (ii) the 2025 production guidance for TZ will be achieved, or (iii) the 2025 catalysts will materialize as expected by management, or (iv) TZ and Oko West will grow GMIN into the next intermediate producer, as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that Brazil and/or Guyana will remain mining friendly and prospective jurisdictions. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation's (i) Annual Information Form dated March 27, 2025, for the financial year ended December 31, 2024, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. SOURCE G Mining Ventures Corp
Cision Canada
26-06-2025
- Business
- Cision Canada
G Mining Ventures Announces Results of Annual General and Special Meeting
BROSSARD, QC, June 26, 2025 /CNW/ - G Mining Ventures Corp. (" GMIN" or the " Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to announce the voting results from its annual general and special meeting of shareholders held today (the " Meeting"). All matters submitted to shareholders for approval, as set out in the Corporation's Notice of Meeting and Information Circular, both dated May 27, 2025, were approved by the requisite majority of votes cast at the Meeting. At the Meeting: 1. Election of Directors Each of the following individuals was elected to the Board of Directors of GMIN to serve until the next annual meeting of shareholders or until their successors are duly elected or appointed: 2. The Appointment of Auditors Shareholders approved the appointment of PricewaterhouseCoopers LLP as the Corporation's independent auditors for the ensuing year and authorized the directors to fix their remuneration. Votes For % For Votes Withheld % Withheld 186,028,835 99.97 % 52,240 0.03 % 3. Approval of the Corporations General By-Laws Shareholders approved, confirmed and ratified the Corporation's general by-laws as adopted by the Board on June 20, 2024. Votes For % For Votes Withheld % Withheld 153,057,223 84.88 % 27,266,290 15.12 % Detailed voting results from the Meeting are available on SEDAR+ ( under GMIN's issuer profile, on the OTC Markets website ( and on GMIN's website at About G Mining Ventures Corp. G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Mine in Brazil, supported by the Gurupi Project in Brazil and the Oko West Project in Guyana — all with significant exploration upside and located in mining-friendly jurisdictions. Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to the section entitled "About G Mining Ventures Corp.". Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to the price of gold and currency exchange rates, those outlined in the Technical Report and those underlying the items listed in the above section entitled "About G Mining Ventures Corp.". Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) GMIN will achieve its objectives for Oko West, notably to bring the Project into commercial production, or (ii) GMIN will use TZ and Oko West to grow GMIN into the next intermediate producer, or (iii) the exploration upside of GMIN's properties will lead to additional mineral resources and reserves, as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that Brazil and/or Guyana will remain mining friendly and prospective jurisdictions. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation's (i) Annual Information Form dated March 27, 2025, for the financial year ended December 31, 2024, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. SOURCE G Mining Ventures Corp
