G Mining Ventures posts record operating margins in Q1, eyes 500,000-ounce production target

G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF, FRA:W97) posted grounds operating margins successful the archetypal 4th of 2026, fuelled by surging golden prices, arsenic it advances its Oko West task successful Guyana.

The company, which operates the Tocantinzinho excavation successful Brazil, posted nett income of $80.4 million, oregon $0.35 per share, successful the 3 months ended March 31, up from $24.4 cardinal successful the aforesaid play a twelvemonth earlier.

Revenue roseate to $139.9 cardinal from $98 million, buoyed by a grounds mean realized golden terms of $4,143 per ounce compared with $2,766 per ounce a twelvemonth ago.

"We delivered a coagulated commencement to 2026, achieving grounds operating margins portion accumulation and costs astatine TZ tracked good to plan," said CEO Louis-Pierre Gignac.

Free currency travel reached $56.2 million, oregon $0.24 per share, leaving the institution with $287.2 cardinal successful currency astatine quarter-end and full disposable liquidity of $637.2 million, including an undrawn $350 cardinal revolving recognition facility.

Gold accumulation astatine Tocantinzinho came successful astatine 31,846 ounces, astir 18% of the midpoint of the company's full-year guidance of 160,000 to 190,000 ounces. Output was intentionally weighted to the 2nd half, with astir 62% of yearly accumulation expected aft June arsenic the excavation transitions to higher-grade Phase 2 ore.

The institution reiterated full-year outgo guidance of $736 to $865 per ounce successful full currency costs and $1,230 to $1,444 per ounce successful all-in sustaining costs.

Looking to 2027, G Mining forecast golden accumulation of 200,000 to 235,000 ounces from Tocantinzinho, astir 25% supra 2026 guidance astatine the midpoint, with currency costs and all-in sustaining costs projected to autumn by astir 14% and 21% respectively.

The company's longer-range ambitions centre connected Oko West, its flagship improvement task successful Guyana. Construction reached 19.7% completion arsenic of March 31, with the process plant, powerfulness plant, tailings retention installation and tract infrastructure each advancing connected schedule. Total committed superior has reached $525.2 million, representing 54% of the approved $973 cardinal archetypal budget, with superior guidance for 2026 and 2027 unchanged astatine $514 to $568 cardinal and $217 to $240 million, respectively. First golden astatine Oko West is targeted for the 2nd fractional of 2027.

G Mining besides announced successful April a projected acquisition of G2 Goldfields, which holds the adjacent Oko-Ghanie task successful Guyana's Oko district. The combined assets are expected to present consolidated life-of-mine mean accumulation exceeding 500,000 ounces per year, with the institution identifying much than C$1 cardinal successful imaginable synergies tied to shared infrastructure, permitting and superior costs.