Equity Insider News Commentary Issued on behalf of Rua Gold Inc. Gold prices have surged past a historic $3,400 per ounce as concerns mount over the USA's global economic standing. Billionaire investor John Paulson recently forecasted gold could reach $5,000 per ounce by 2028, while precious metals analyst Mario Innecco has also outlined a strong case for an extended gold bull market. JP Morgan, meanwhile, maintains its [...]
After-tax NPV5% of $2.2 billion, IRR of 27% and payback of 2.9 years at $2,500/oz base case gold price After-tax NPV5% of $3.2 billion, IRR of 35% and payback of 2.1 years at $3,000/oz gold price Average annual gold production of 350,000 ounces at an AISC of $1,123/oz for 12.3 years Initial capital cost of $972 million and sustaining capital of $650 million over the life of mine Early works construction progressing well [...]
G Mining Ventures Corp. announces that the Corporation has filed a technical report prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects in respect of the updated mineral resource estimate for GMIN's 100% owned Gurupi Gold Project in Brazil. The Technical Report, titled "Mineral Resource Estimate NI43-101 Technical Report Gurupi Project," is dated February 3, 2025, with an [...]
G Mining Ventures is pleased to report its production and financial results1 for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights First Full Quarter of Commercial Production Production: 40,147 oz of gold in Doré Gold sold totaled 39,938 oz Operating Costs: All-in sustaining costs2 of $862 per oz Au sold Net Income: $47.6 million, or $0.21 per share - basic Adjusted Net Income2 [...]
G Mining Ventures is pleased to announce that common shares of the Corporation have recently been selected for inclusion in multiple major stock indices, including the NYSE Arca Gold Miners Index , MVIS Global Junior Gold Miners Index , S&P/TSX Composite index and iShares MSCI Canada ETF. "We are very pleased that GMIN has been selected for inclusion in multiple indices." commented Louis-Pierre Gignac, President & CEO [...]
G Mining Ventures is pleased to announce the commencement of site preparation activities at its Oko West Gold Project, marking a major step forward in the project's development. With the Interim Environmental Permit from the Guyana Environmental Protection Agency already in hand , the early works construction program is now officially underway, as a part of the total $200 - 240 million Oko West capex guidance for 2025 [...]
Significant Resource Growth - +295% growth in year-over-year consolidated mineral resources to a total of 8.28 Moz of indicated resources and 2.40 Moz of inferred resources Tocantinzinho Gold Mine - Good replacement of mineral reserves after first year of production with current mineral reserves of 2.03 Moz Oko West Project - Positive infill drilling results from 49,000m of drilling to support upcoming Feasibility Study [...]
G Mining Ventures announces its 2025 operational and cost guidance for Tocantinzinho Gold Mine, along with planned capital expenditures to progress the Oko West Gold Project and the Gurupi exploration Project. Highlights Production, unit cost and capital expenditure guidance for the full year 2025 are outlined in the table below. Figure 1: Full Year 2025 Operational and Cost Guidance Operational & Cost Guidance 2025 [...]
Tocantinzinho Gold Mine completed on time and on budget, ramping up to nameplate capacity 2024 gold production of 63,566 ounces Acquired and is fast-tracking the development of the Oko West Gold Project, a globally significant gold discovery with excellent potential to support a large, long-life mine complex Acquired the CentroGold Project, an advanced exploration asset in Brazil with a significant existing JORC-compliant [...]
G Mining Ventures is pleased to announce that it has received an interim environmental permit from Guyana's Environmental Protection Agency in response to its Environmental Impact Assessment and Environmental Impact Statement submissions made in November 2024 for the Corporation's Oko West Gold Project. The IEP is valid for one year and, together with the "No Objection" letter received from the Guyana Forestry Commission [...]
Closes acquisition of the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHP CentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depth District-scale land package comprises 47 tenements covering ~1,900 km2 and offers potential for multiple new discoveries Accretive transaction adds to [...]
All amounts are in USD unless stated otherwise G Mining Ventures Corp. is pleased to, for the first time, report its production and financial results for the three and nine months ended September 30, 2024, and provide an operational update. "I am proud to reflect on the significant milestones achieved this quarter, from our first gold pour and the launch of commercial production at TZ, to the release of robust PEA results [...]