G Mining (TSX:GMIN) - Three-Asset Growth Strategy from Cash Flow, Oko Build, and Resource Update

G Mining (TSX:GMIN) - Three-Asset Growth Strategy from Cash Flow, Oko Build, and Resource Update

Author: Crux Investor September 24, 2026 Duration: 19:11

Interview with Louis-Pierre Gignac, CEO of G Mining Ventures

Our previous interview: https://www.cruxinvestor.com/posts/g-mining-tsxgmin-major-acquisition-builds-tier-1-gold-hub-with-500koz-pa-potential-9868

Recording date: 23rd September 2026

G Mining Ventures Corp. (TSX:GMIN; OTCQX:GMINF) is executing a three-asset growth strategy anchored by cash flow from its Tocantinzinho (TZ) gold mine in Brazil, construction of the Oko West project in Guyana, and renewed exploration at Brazil’s Gurupi project. CEO Louis-Pierre Gignac says TZ’s stronger second half will help fund the company’s next phase of expansion.

TZ produced 68,691 ounces in the first half of 2026, leaving the bulk of annual output to the second half against guidance of 160,000 to 190,000 ounces. Higher grades and improved throughput are expected as mining reaches richer zones, while an expansion of tailings-pumping capacity should support 2027 guidance of 200,000 to 235,000 ounces. Revised 2026 all-in sustaining cost guidance is $1,330 to $1,544 per ounce, reflecting a stronger Brazilian real and higher fuel prices.

Oko West is the company’s principal construction project. By June 30, 44% of capital expenditure had been spent, with $423 million incurred, $628 million committed and first gold targeted in the second half of 2027. Commercial production is planned for January 2028. G Mining reports $1.288 billion of funding sources, including cash, projected TZ free cash flow and an undrawn $350 million revolver, compared with $550 million of remaining Oko capital and $88 million of corporate and exploration spending.

Following its acquisition of G2 Goldfields, G Mining aims to combine Oko West with the Ghanie and Oko Main deposits. The proposed expansion would add roughly 2 million tonnes of processing capacity and target annual production of about 500,000 ounces. An updated feasibility study, supported by 55,000 metres of infill drilling, is expected in mid-2027; historical G2 resource estimates still require upgrading.

At Gurupi, drilling has resumed after a long hiatus. An updated resource estimate and preliminary economic assessment are due before year-end, with management envisioning a mine producing roughly 200,000 ounces annually for at least a decade. The investment case rests on execution at TZ and Oko, gold-price assumptions of $4,000 per ounce, and successful conversion of exploration potential into reserves.

Learn more: https://www.cruxinvestor.com/companies/g-mining-ventures

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