G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) announced that its Board of Directors has approved the full construction of the 100%-owned Oko West Gold Project in Guyana following the completion of permitting and financing milestones. The project, with an initial capital cost of $973 million, marks a key step in GMIN’s transition to an intermediate gold producer. Detailed engineering is 36% complete, and procurement commitments have reached $334 million, representing 33% of the total budget, with early works advancing on schedule. “The official launch of construction at Oko West marks a major milestone in GMIN’s evolution,” said Louis-Pierre Gignac, President and CEO. “With financing secured, we are advancing this world-class project using the same disciplined, self-perform approach that delivered Tocantinzinho safely, on time and on budget.” First gold production is targeted for the second half of 2027.
To view the full press release, visit https://ibn.fm/uOHue
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.
NOTE TO INVESTORS: The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF
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