G Mining Ventures Completes First Drawdown on US$350 Million Revolving Credit Facility

The most recent news release, dated November 10, 2025, states that G Mining Ventures Corp. has completed the first drawdown of US$80 million on its previously announced US$350 million revolving credit facility (RCF). The proceeds from this drawdown will be used to repay an outstanding senior secured term loan and to fund the ongoing development and construction of the Oko Gold Project. Julie Lafleur, Vice President, Finance & Chief Financial Officer, commented that this refinancing optimizes the company's capital structure, lowers the cost of debt, and maintains financial strength for Tocantinzinho's operations and Oko West's advancement.

This news is a routine, albeit positive, development following the company's significant announcements in October 2025. In early October, G Mining Ventures secured the full US$387.5 million financing package (including the US$350 million RCF and US$37.5 million equipment financing) specifically for the construction of the Oko West Gold Project. This was a material de-risking event as it provided the necessary capital. Subsequently, on October 23, 2025, the company announced the formal construction decision for the Oko West Gold Project, targeting first gold for the second half of 2027, which was a "Game Changer" announcement.

The current news merely confirms the operationalization of the previously secured financing. It demonstrates that the RCF is active and funds are being drawn down for their stated purposes (repaying existing debt and funding Oko West construction). While positive as it shows execution and financial discipline (optimizing capital structure by lowering debt cost), it does not introduce new information that materially changes the investment thesis or project outlook beyond what was already established by the securing of the RCF and the formal construction decision. It confirms the company is proceeding as planned, which is good for confidence but not a "Material" new development in itself.

The strong Q3 2025 production results from the Tocantinzinho mine, announced on October 14, 2025, showing record quarterly gold production and improved operational metrics, further reinforce the company's ability to generate strong cash flow. This cash flow, combined with the non-dilutive financing package, provides a solid financial foundation as highlighted by the CFO. The approval of the SUDAM tax incentive for Tocantinzinho (October 2, 2025) also significantly enhances after-tax earnings and free cash flow, further supporting the company's growth pipeline.

In summary, this first drawdown is an expected and necessary step in the execution of the Oko West project's financing plan and capital structure optimization, rather than a new, transformative event.

G Mining Ventures Corp. is a gold exploration and development company. Its primary focus has been the development of its Tocantinzinho (TZ) gold mine in Pará State, Brazil, which is now in production. This mine is a key asset, providing significant cash flow.

The company's flagship growth project is the Oko West Gold Project in Guyana. This project is 100%-owned and represents the next cornerstone of G Mining Ventures' growth strategy to become an intermediate gold producer. The company has formally approved the commencement of full construction for Oko West, targeting first gold in the second half of 2027. Oko West is being advanced using a disciplined "self-perform" approach, similar to what was used for Tocantinzinho.

G Mining Ventures also holds the Gurupi Project in Brazil, which is in an advanced exploration stage and offers further growth potential.