G Mining Ventures Corp. has received the Environmental Permit from Guyana's Environmental Protection Agency for its Oko West Gold Project, authorizing construction and operation through July 2030. The permit follows nearly two years of environmental and social studies and a multi-stakeholder review process, representing a critical milestone for the project's development timeline. This environmental approval process involved comprehensive studies and stakeholder engagement, ensuring that the project meets stringent environmental standards while addressing community concerns.
The Oko West Gold Project is expected to create an average of 1,270 direct permanent jobs during its operational lifetime, providing significant economic benefits to the local community and supporting a construction decision later this year. This development strengthens G Mining Ventures' partnership with the Government of Guyana, which was recently ranked among the top 10 global mining jurisdictions by the Fraser Institute, highlighting the country's favorable mining policies and regulatory environment. The permit authorization through 2030 provides long-term operational certainty for the company's investment in the region.
This permit achievement positions G Mining Ventures to advance the Oko West project toward production, leveraging the company's access to capital and development expertise. The project represents a significant step in the company's strategy to grow into a mid-tier precious metals producer, with operations spanning mining-friendly jurisdictions including their existing TZ Gold Mine in Brazil. Additional information about the company's developments is available in their newsroom at https://ibn.fm/GMINF. The timing of this approval coincides with strong gold market conditions, potentially enhancing the project's economic viability and contribution to regional economic development.
