G Mining Ventures reports strong 2025 results as Tocantinzinho delivers first full year of production

G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF, FRA:W97) has reported beardown fiscal and operating results for the 4th fourth and afloat twelvemonth 2025, driven by its Tocantinzinho (TZ) golden excavation successful Brazil completing its archetypal afloat twelvemonth of commercialized production.

For the afloat year, the institution produced 171,871 ounces of gold, somewhat beneath the little extremity of its guidance scope owed to a slower ramp-up aboriginal successful the twelvemonth and little caput grades, partially offset by improved betterment rates. Metallurgical recoveries averaged 90.6%, exceeding guidance.

Total currency costs were $748 per ounce, supra the apical extremity of guidance, chiefly owed to higher royalty expenses linked to rising golden prices and the instauration of a caller accumulation taxation successful Brazil’s Pará state. All-in sustaining costs (AISC) were $1,155 per ounce, wrong guidance.

The institution generated $308 cardinal successful operating currency travel for the year, oregon $340 cardinal earlier moving superior changes, and reported mine-site escaped currency travel of $255 million. Net income totaled $288 million, with adjusted nett income of $283 million.

Fourth-quarter show showed continued momentum, with grounds quarterly accumulation of 47,346 ounces. Net income for the 4th was $91 million, portion escaped currency travel reached $80 million. Higher realized golden prices of $4,032 per ounce supported margins contempt accrued costs.

Revenue roseate to $580.7 cardinal for the afloat year, compared with $145.3 cardinal successful 2024, reflecting the modulation to afloat production. Cash and currency equivalents stood astatine $134.5 cardinal astatine year-end, portion nett indebtedness remained humble astatine $6.9 million.

Operationally, the institution said works throughput and recoveries improved implicit the people of the year, with fourth-quarter throughput reaching 91% of nameplate capacity. Recovery rates besides strengthened to 91.8% successful the quarter.

“Tocantinzinho completed its archetypal afloat twelvemonth of commercialized accumulation successful 2025, delivering accordant operating show with production, recoveries and costs successful enactment with expectations,” G Mining’s CEO Louis-Pierre Gignac said successful a statement.

Fourth 4th show was the strongest of the twelvemonth crossed cardinal metrics, including production, people and margins, demonstrating coagulated steady-state operations.

Looking ahead, G Mining expects mean yearly accumulation of astir 200,000 ounces astatine TZ implicit the adjacent 2 years. Output is forecast astatine 160,000 to 190,000 ounces successful 2026, rising to 200,000 to 235,000 ounces successful 2027, supported by higher-grade ore.

Costs are expected to emergence successful 2026 earlier declining into 2027, with the institution projecting improved ratio arsenic operations stabilize and higher-grade worldly is processed.