G Mining Ventures Corp. reported impressive financial and operational performance for the first quarter of 2025, achieving substantial gold production and strong financial metrics. The company produced 35,578 ounces of gold during the quarter at an all-in sustaining cost of $960 per ounce, generating $24.4 million in net income and $36.0 million in free cash flow. These results demonstrate the company's operational efficiency and ability to generate significant returns in the current gold market environment.
The company made significant strategic progress with its Oko West Project, releasing a comprehensive feasibility study that highlights the project's substantial economic potential. The study reveals a net present value of $2.2 billion at a gold price of $2,500, indicating strong economic viability for this development project. This valuation underscores the strategic importance of the Oko West Project within G Mining Ventures' portfolio and its potential to drive long-term value creation for shareholders.
G Mining Ventures expanded its proven and probable reserves to 6.7 million ounces, representing a substantial asset base that provides a strong foundation for future growth and development. The company's inclusion in three major mining indices represents a significant milestone, expected to enhance institutional investor visibility and potentially attract additional investment interest. This increased market recognition could provide improved access to capital markets and support the company's ongoing development initiatives.
The company maintained an impressive safety record during the quarter, reporting no lost time or recordable incidents, reflecting its commitment to operational excellence and workforce protection. With $149 million in cash reserves, G Mining Ventures appears well-positioned to continue advancing its projects and pursuing growth opportunities in the precious metals sector. The company remains on track to meet its 2025 production guidance, signaling confidence in its operational strategy and market positioning.
G Mining Ventures' primary assets include the Tocantinzinho Gold Mine in Brazil and the Oko West Project in Guyana, both located in mining-friendly jurisdictions that offer strategic advantages for resource development. These locations provide stable operating environments and supportive regulatory frameworks that facilitate efficient project advancement and long-term operational sustainability.
