G Mining Ventures Reports Q3 2026 Preliminary Production Results

G Mining Ventures Corp. (GMIN) released preliminary Q3 2026 production results for its 100%-owned Tocantinzinho (TZ) mine in Pará, Brazil. The operational update did not include revenue, costs, capital expenditures, or balance sheet data.

Gold production reached 44,960 oz, a 22% increase from the 36,845 oz produced in Q2 2026, though this represents a 3.0% decline from the 46,360 oz produced in Q3 2025. The company sold 43,110 oz of gold during the quarter. Year-to-date 2026 production stands at 113,651 oz, with 114,325 oz sold. Management stated these figures put the company on track to achieve the midpoint of its 160,000–190,000 oz guidance for the year.

Plant throughput hit a record 12,372 tpd, up 4.1% year-over-year. The average grade was 1.33 g/t Au, compared to 1.43 g/t in Q3 2025, while recovery stood at 92.0% versus 92.3% in the prior year period. The strip ratio was 2.47x, up from 1.83x in Q3 2025. Mining operations moved 6,827 kt in the quarter, comprising 1,966 kt of ore and 4,861 kt of waste, at a rate of 74,209 tpd, which is a 7% increase from Q2.

Looking ahead, the company expects Q4 to show a significant increase in grade and production due to access to higher-grade Phase 2 mineralization. Financial results for Q3 2026 are scheduled for release after market close on November 12, 2026, followed by a conference call on November 13.

Notably, the release omitted unit cost, AISC, or realized price data. This comes a full quarter after the company raised its 2026 cash cost guidance to $836–$965/oz and AISC to $1,330–$1,544/oz in its Q2 2026 release.

G Mining Ventures Corp. (GMIN) released a scheduled quarterly production update that reaffirms previously provided guidance without introducing new financials or cost data. The company reported that third-quarter production achieved the expected sequential increase, consistent with its H2-weighted, Phase 2 grade step-up plan.

The update highlights a midpoint target of 61,349 ounces for the fourth quarter, representing a 36.5% quarter-over-quarter increase and a 29.6% rise above the company’s best-ever quarter, which was Q4 2025 with 47,346 ounces. At Q3 throughput and recovery rates, this midpoint implies a processed grade of approximately 1.75–1.82 g/t, compared to 1.33 g/t in Q3 and a record 1.49 g/t in Q4 2025. Meeting only the bottom of the guidance range, which calls for 160,000 ounces, would require 46,349 ounces in Q4, essentially flat quarter-over-quarter at a grade of ~1.32–1.38 g/t.

Market context shows the stock closed at C$48.32 on October 7, 2026. This represents a 3.0% decline from the C$49.82 close on August 12, 2026, the day of the Q2 earnings release, and is 16.8% below the 52-week high of C$58.08 set on March 10, 2026. The share price has retraced from its post-Q2 rally peak of C$56.33 on August 25 back to mid-range levels, indicating the market has not priced in a beat.

Analysts see no basis to change estimates based on this release. The next key catalysts are the Q4 production report scheduled for January 2027 and cost details expected on November 12.

G Mining Ventures Corp. (TSX: GMIN, OTCQX: GMINF) operates a single producing asset and two development assets across the Americas. Its Tocantinzinho mine, located in Pará State, Brazil, is the company’s cash-generating operation, which is scheduled to begin its first full year of commercial production in 2025 with an output of 171,871 ounces. The asset holds 1.87 million ounces of probable and proven reserves at a grade of 1.17 grams per tonne, with an implied nameplate throughput of approximately 12,900 tonnes per day.

In Guyana, the company’s Oko West project is fully permitted under a 20-year mining licence effective December 5, 2025. Construction is set to commence on October 23, 2025, following the approval of $973 million in initial capital. First gold is targeted for the second half of 2027, with commercial production expected by January 2028. The project is projected to produce approximately 350,000 ounces per year at a mine-site all-in sustaining cost of $1,123 per ounce over a 12.3-year life.

The Gurupi project in Brazil currently holds 1.83 million ounces of indicated resources at 1.31 grams per tonne, plus 0.77 million ounces of inferred resources. The asset is in the exploration and study stage, with a mineral resource estimate, preliminary economic assessment, and environmental and social impact assessment targeted for completion by the end of 2026.

On July 29, 2026, G Mining Ventures closed its acquisition of G2 Goldfields. The transaction involved an exchange of 0.212 GMIN shares and 0.50 G3 shares for each G2 share. The deal consolidated Oko West with the adjacent Oko-Ghanie deposit and resulted in the spin-out of G3 Goldfields, which was seed-funded with C$45 million, including C$30 million from G2’s treasury and C$15 million from GMIN, for a listing on the Canadian Securities Exchange.

Management includes President and CEO Louis-Pierre Gignac, VP Finance and CFO Julie Lafleur, VP Geology and Resources Julie-Anaïs Debreil, and VP Investor Relations Jean-François Lemonde. The leadership team’s stated track record involves building the Tocantinzinho asset on time and on budget, with the Oko West project serving as a test of whether that execution can be repeated at a larger scale.