G Mining Ventures Announces Robust Feasibility Study for Guyana Gold Project

G Mining Ventures Corp. has unveiled a comprehensive feasibility study for its Oko West Gold Project in Guyana, revealing robust economic prospects for a large-scale mining operation. The study projects total gold production of 4.3 million ounces over a 12.3-year period, with an impressive average annual production of 350,000 ounces. This substantial production profile establishes the project as a significant contributor to global gold supply and represents a major development in Guyana's emerging mining sector.

The project demonstrates compelling financial metrics, including an all-in sustaining cost of $1,123 per ounce. Based on a gold price of $2,500 per ounce, the project carries an after-tax net present value of $2.2 billion and a 27% after-tax internal rate of return, indicating significant potential for investor returns. These strong economic indicators highlight the project's viability and attractiveness in the current gold market environment, particularly given the favorable cost structure relative to current gold prices.

Strategic planning is well underway, with final environmental permits anticipated in the second quarter of 2025. The company aims to make a construction decision in the second half of 2025, positioning the Oko West Project for near-term development. This timeline reflects the advanced stage of project planning and the company's commitment to moving forward with development once all necessary approvals are secured.

Located in Region 7 of Guyana, the project represents a significant investment in a mining-friendly jurisdiction. The comprehensive feasibility study underscores G Mining Ventures' commitment to developing sustainable and economically viable precious metal projects. The successful development of Oko West would not only generate substantial economic returns for investors but also contribute significantly to local economic development through job creation, infrastructure development, and government revenues.

The project's scale and economics position it as a potential cornerstone asset for both G Mining Ventures and Guyana's mining industry. With gold prices remaining strong and global demand for precious metals continuing, the timing of this development appears favorable. The combination of substantial reserves, favorable economics, and progression toward development milestones makes this announcement particularly significant for stakeholders and the broader mining industry.