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G Mining Ventures

Crux Investor Index
9
i
Market Cap (USD)
1890000000
Symbol
TSX:GMIN
Stage of development
Production
Primary COMMODITY
Gold
Additional commodities
No items found.

G Mining Ventures Company Overview

G Mining Ventures Corp. (TSX: GMIN | OTCQX: GMINF) is a Canadian-based mining company focused on advancing high-quality gold projects in mining-friendly jurisdictions across South America. Anchored by its flagship Tocantinzinho (TZ) Gold Project in Brazil and the Oko West Gold Project in Guyana, GMIN has established itself as an emerging leader with significant growth potential and a long-term vision to become a premier intermediate gold producer.

With commercial production at TZ commencing in September 2024, GMIN is positioned for substantial annual production of approximately 175,000 ounces of gold at an attractive all-in sustaining cost (AISC) of $681 per ounce, placing it among the industry’s low-cost producers. Additionally, the Oko West project, currently in the advanced stages of development, has a potential production profile of 353,000 ounces per year, underscoring GMIN’s robust pipeline of gold assets.

The company follows a unique “Buy, Build, Operate” strategy, leveraging its team’s track record of five successful mine builds across South America to unlock value through efficient project development. GMIN’s growth-oriented approach is backed by strategic partners such as La Mancha Investments and Franco-Nevada Corp., which, along with its skilled management team, drive its ambitious yet achievable vision for responsible mining and sustainable development.

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G Mining Ventures Analyst Notes

No analyst notes

Opportunity

G Mining Ventures Corp. (GMIN) offers a compelling investment opportunity with a strategic portfolio focused on gold production and value creation. The Tocantinzinho (TZ) Project in Brazil, now in commercial production, is engineered to produce 175,000 ounces of gold annually with a highly competitive AISC of $681 per ounce, setting a solid foundation for GMIN as a low-cost gold producer. This advanced-stage asset benefits from GMIN’s established operational expertise and marks a significant step toward achieving the company’s vision of becoming an intermediate gold producer in the Americas.

The Oko West Project in Guyana provides further upside with an anticipated production of 353,000 ounces per year. One of the highest-grade open-pit deposits in the region, Oko West is strategically positioned to transition into production by 2028, creating an attractive growth pipeline for GMIN. With Brazil and Guyana recognized as top mining jurisdictions, GMIN’s assets benefit from favorable regulations, strong infrastructure, and government support.

As global demand for gold continues to grow, GMIN’s focused strategy—backed by established financial partners and a management team with a track record of successful mine builds—ensures the company is well-positioned to deliver substantial value to shareholders. GMIN represents a high-quality entry point into South American gold mining, supported by a de-risked project pipeline, scalable assets, and a sustainable operational approach.

Summary

Management Team

G Mining Ventures Corp. is led by a seasoned management team with extensive experience in mine development, project management, and operational execution. At the helm is Louis-Pierre Gignac, President, CEO, and Founder, who brings over 20 years of expertise in mining project evaluation and management. Formerly Co-President of G Mining Services, Mr. Gignac has been instrumental in leading multiple successful mine builds, positioning GMIN as a trusted name in the mining sector.

Supporting the company’s strategic direction is Dušan Petković, Senior Vice President of Corporate Strategy and a co-founder of GMIN. With over 15 years in resource capital markets, Mr. Petković's background in financing and M&A is a critical asset for driving growth and ensuring strong investor relationships. Julie Lafleur, Chief Financial Officer and VP of Finance, brings 20 years of mining industry experience to GMIN, having held senior roles in finance with notable companies such as Newmont Corporation and IAMGOLD Corp., where she established strong financial controls and reporting structures.

GMIN’s legal and corporate governance initiatives are managed by Marc Dagenais, Vice President of Legal Affairs and Corporate Secretary, who offers over 30 years of legal experience in the mining sector, previously serving at firms such as Kinross Gold Corp. 

The management team’s expertise is further enhanced by the technical support of G Mining Services under a Master Services Agreement, providing access to over $2.5 billion in capital project experience. With this accomplished team, GMIN is well-equipped to advance its projects efficiently, uphold high governance standards, and deliver sustainable growth.

Growth Strategy

G Mining Ventures Corp. is executing a focused growth strategy centered on advancing its high-quality gold projects in Brazil and Guyana while maximizing operational efficiency and sustainability. The company’s “Buy, Build, Operate” model is the cornerstone of its approach, leveraging a proven track record in mine construction and a self-perform approach to project development. By adhering to stringent timelines and budget controls, GMIN has successfully brought the Tocantinzinho (TZ) Project in Brazil to commercial production within three years of acquisition, achieving milestones on time and on budget.

Looking ahead, GMIN aims to further enhance shareholder value through the accelerated development of the Oko West Project in Guyana. With a goal of commencing construction in 2025 and targeting initial production by 2028, Oko West represents a substantial growth opportunity, expected to contribute an impressive 353,000 ounces of gold annually at a low cost. This balanced portfolio approach, with TZ in production and Oko West on the development track, positions GMIN for consistent cash flow and scalable production growth.

Environmental stewardship remains integral to GMIN’s strategy. By incorporating renewable energy sources and responsible mining practices, GMIN is committed to minimizing its environmental footprint and fostering positive community relationships. Strategic partnerships with established investors like La Mancha Investments and Franco-Nevada Corp. provide strong financial backing, allowing GMIN to advance its projects with minimal equity dilution. With its disciplined approach, GMIN is well-positioned to become a leading intermediate gold producer in the Americas, delivering sustainable, long-term value to its shareholders.

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Details

Financial Overview

G Mining Ventures Corp. (GMIN) is financially well-positioned to advance its core projects and deliver value to shareholders. As of the most recent quarter, GMIN holds a strong cash position of $85 million, supported by undrawn credit facilities, which provides the company with ample liquidity to support ongoing development. GMIN’s market capitalization stands at approximately $1.55 billion, underscoring investor confidence in its scalable asset base and growth strategy.

The Tocantinzinho (TZ) Project, now in commercial production, serves as a robust cash-flow foundation with an average annual production of 175,000 ounces of gold at an all-in sustaining cost (AISC) of $681 per ounce. This low-cost production profile positions GMIN competitively within the industry and is projected to generate substantial free cash flow over its mine life. The anticipated cash flow from TZ will be instrumental in funding the development of the Oko West Project, minimizing reliance on external financing.

To ensure long-term value creation, GMIN has established strategic partnerships with major financial backers, including La Mancha Investments and Franco-Nevada Corp., which offer additional capital support and industry expertise. With a prudent approach to capital allocation, strong partnerships, and a focus on sustainable, low-cost production, GMIN is well-equipped to drive its projects forward and achieve its financial objectives.

Shareholder Breakdown

Risk Factors and Mitigation

G Mining Ventures Corp. (GMIN) proactively addresses a range of risk factors associated with advancing and operating its gold projects in South America. Commodity price volatility remains a key consideration, as the company’s financial outcomes depend on stable gold prices. However, GMIN’s low-cost production at Tocantinzinho (TZ) ($681 AISC) and the cost-efficient profile anticipated for the Oko West Project provide a strong buffer against fluctuations in market prices, supporting resilient cash flows.

Regulatory and permitting risks are inherent to mining projects, particularly in international jurisdictions. GMIN mitigates this by focusing on established, mining-friendly countries like Brazil and Guyana. Both jurisdictions offer stable regulatory frameworks, and GMIN has fostered strong relationships with local and regional authorities to streamline permitting and compliance processes. Environmental responsibility is also a priority for GMIN, which integrates sustainable practices in its project planning to meet regulatory standards and support community trust.

Funding requirements are managed through a conservative financial strategy that leverages strong cash reserves, ongoing project cash flows, and partnerships with key investors such as La Mancha Investments and Franco-Nevada Corp. Additionally, GMIN’s history of disciplined capital allocation, combined with its self-perform approach to construction, minimizes reliance on external financing and mitigates cost overrun risks.

By taking a comprehensive approach to risk management that balances operational excellence with financial prudence, GMIN is well-prepared to navigate challenges and ensure the long-term success of its projects.

Conclusion

G Mining Ventures Corp. (GMIN) is poised to become a leading name in the gold mining industry with its high-quality assets in South America. The successful commencement of production at the Tocantinzinho (TZ) Project underscores GMIN’s expertise in project execution and highlights its potential as a low-cost gold producer. With the advanced-stage Oko West Project set to expand production capacity in the coming years, GMIN’s balanced growth strategy is designed to generate sustained cash flow and deliver substantial value to shareholders.

Backed by a skilled management team, strong financial partners, and a disciplined “Buy, Build, Operate” approach, GMIN is well-equipped to execute on its long-term vision. The company’s commitment to sustainable practices, community engagement, and operational efficiency positions it as a responsible mining operator with significant growth potential.

For investors seeking exposure to a scalable, de-risked gold mining company with a focus on value creation and sustainability, G Mining Ventures Corp. represents a compelling opportunity. As GMIN continues to advance its flagship projects and explore new growth avenues, it is well-positioned to deliver lasting value in an evolving global gold market.