
Cabral Gold


G Mining Ventures Corp. is a rapidly growing mining company transitioning into a multi-asset, mid-tier gold producer anchored by its operating Tocantinzinho Gold Mine in Brazil and two advanced-stage development projects.
The company is positioned for disciplined, self-funded growth with its fully-permitted Oko West Gold Project in Guyana entering full construction and its Gurupi Project in Brazil advancing through permitting and exploration. With a strong operational foundation, GMIN delivered record Q3 2025 production of 46,360 ounces (124,525 ounces year-to-date) and generated $161.7 million in quarterly revenue at an average realized gold price of $3,292 per ounce.
The company trades on the TSX under symbol GMIN and OTCQX under GMINF, backed by a proven management team with deep expertise in mine development and operations.
G Mining Ventures offers a compelling investment opportunity through its unique position as a profitable producer with two world-class growth platforms advancing simultaneously. The Tocantinzinho mine demonstrates exceptional operational performance with Q3 2025 all-in sustaining costs of $1,046 per ounce, generating industry-leading AISC margins of $2,068 per ounce and record free cash flow of $95.8 million for the quarter. The operation's low-cost profile positions GMIN among the lowest-cost producers in the Americas, with SUDAM tax incentives further reducing the Brazilian corporate tax rate to approximately 15.25% for ten years beginning fiscal 2025.
The development pipeline provides significant growth leverage, with Oko West fully permitted and under construction targeting to become GMIN's next long-life cornerstone asset. The project secured up to $387.5 million in financing (expandable to $500 million) and commenced full construction in October 2025, with 36% of detailed engineering completed and $334 million in commitments locking in pricing for major long-lead items.
Additionally, the Gurupi project received a favorable Federal Court ruling removing historical permitting constraints, enabling restart of environmental licensing and a $68 million exploration program targeting both near-mine extensions and new regional prospects. This multi-asset portfolio provides exposure to rising gold prices while maintaining disciplined capital allocation and operational excellence.
G Mining Ventures is led by Founder, President & CEO Louis-Pierre Gignac, a mining engineer with over 20 years of industry experience and proven expertise in project development, open-pit operations, and financial modeling. A member of the Ordre des Ingénieurs du Québec and Canadian Institute of Mining, Mr. Gignac holds a Bachelor of Mining Engineering from McGill University, a Master's in Industrial Engineering from École Polytechnique de Montréal, and is a CFA Charterholder. He also serves as a director of Major Drilling Group International, demonstrating deep sector leadership.
Vice President, Finance & CFO Julie Lafleur brings 20 years of mining industry financial management experience as a Chartered Professional Accountant since 1998. She holds a Bachelor of Business Administration from HEC Montréal and has held senior financial positions with Cambior Inc., Niobec Inc., Iamgold Essakane in Burkina Faso, Newmont Suriname, and Aurelian Ecuador.
Vice President, Legal Affairs and Corporate Secretary Marc Dagenais is a Québec lawyer since 1990 with 30 years of mining industry experience. He previously served as VP Legal Affairs for Nemaska Lithium, Graymont Limited, and Kinross Gold Corporation's African region, and spent 15 years with Cambior Inc. in positions of increasing responsibility.
G Mining Ventures is executing a comprehensive growth strategy focused on building a portfolio of long-life, low-cost operations that generate sustainable returns through disciplined, self-funded expansion. The company is transitioning from a single-asset producer to a multi-asset mid-tier gold company by advancing Oko West through construction while maintaining strong cash generation from Tocantinzinho.
Construction activities at Oko West are progressing on schedule and budget, with early works including operational site access roads, permanent camp facilities, mass excavation, and concrete foundations for key process areas. The first mining shovel has arrived enabling self-performed excavation, with additional equipment deliveries scheduled for Q4 2025.
Environmental stewardship and community partnership remain central to the growth strategy, with over 80% of the Oko West workforce comprising Guyanese nationals and Tocantinzinho employing approximately 82% of its workforce from Pará State while maintaining 15% female representation. At Gurupi, the company has restarted baseline environmental and social studies, re-engaged with local stakeholders, and launched a 10-kilometre drill program following recent permitting advances. This strategic approach combines responsible development, local participation, and exploration upside to maximize long-term value while maintaining the flexibility to consider strategic partnerships or joint ventures to optimize project value.
G Mining Ventures maintains a robust financial position with $94.6 million in cash and total liquidity of $471.6 million at quarter-end, providing ample flexibility to fund Oko West construction and ongoing exploration. The company generated record profitability in Q3 2025 with adjusted EBITDA of $122.6 million and adjusted net income of $114.1 million ($0.50 per share), reflecting the sustained ramp-up and stable performance of Tocantinzinho. Year-to-date operating cash flow reached $211.6 million, driven by strong margins and disciplined capital allocation.
The balance sheet strength supports a $200-240 million development budget for Oko West in 2025, funded primarily through cash on hand and operating cash flow. Tocantinzinho's sustaining capital expenditures are forecast within the $60-70 million range, while exploration investments total $23 million across all assets.
With the deferred consideration payment to Eldorado Gold now completed and project financing secured for Oko West, GMIN is positioned for continued self-funded growth without dilutive equity raises. The company reaffirmed 2025 production guidance of 175,000-200,000 ounces with AISC of $1,025-$1,155 per ounce, supporting strong free cash flow generation.
G Mining Ventures actively manages key risks associated with mining development and operations while maintaining strong financial and operational discipline. Commodity price volatility represents a primary risk, but the company's industry-leading AISC margin of $2,068 per ounce provides substantial protection against price fluctuations, with Q3 2025 results demonstrating robust profitability even in varying market conditions. The low-cost operational model at Tocantinzinho, combined with SUDAM tax incentives, creates a resilient cash flow foundation to weather price cycles.
Permitting and regulatory risks are significantly mitigated through proactive stakeholder engagement and demonstrated execution capability. Oko West secured all major approvals with the Final Environmental Permit received September 2, 2025, while Gurupi obtained a favorable Federal Court ruling confirming the right to restart environmental licensing under modern Brazilian standards.
The company maintains strong relationships with federal agencies and local communities, ensuring development plans meet rigorous environmental and social requirements. Operational execution risks are managed through experienced leadership, with detailed engineering 36% complete at Oko West and proven operational excellence at Tocantinzinho achieving 92% of nameplate capacity.
G Mining Ventures Corp. has established itself as a leading mid-tier gold producer through exceptional operational performance at Tocantinzinho and disciplined advancement of its growth pipeline. With record Q3 2025 results demonstrating industry-leading margins, strong free cash flow generation, and successful transition to multi-asset development, the company is positioned for sustained value creation. The combination of a low-cost operating mine, two fully permitted growth assets, and a robust balance sheet provides investors with exposure to gold price leverage while maintaining downside protection through operational excellence.
As GMIN advances Oko West through construction and Gurupi through permitting and exploration, the company is executing its vision of building long-life, low-cost operations that generate sustainable returns. The commitment to responsible development, demonstrated through strong ESG performance and community partnerships, ensures long-term stakeholder value while positioning the company to become a leading mid-tier gold producer. For investors seeking exposure to a de-risked, cash-generating mining company with significant growth potential, G Mining Ventures presents a compelling opportunity in the current commodity environment.