G Mining Ventures receives Oko W. environmental permit

Executive Summary

• G Mining Ventures Corp. has received the final Environmental Permit (EP) from Guyana's Environmental Protection Agency (EPA) for its Oko West gold project.
• The five-year permit, valid through July 2030, authorizes the construction and operation of the Oko West project, marking a key regulatory milestone that de-risks the project and clears the path for a construction decision later in 2025.
• The company has already committed or negotiated approximately $190 million for long-lead items and expects to make a formal construction decision in the second half of 2025.

Key Details

• Permit Details: The Environmental Permit is valid for five years, expiring in July 2030.
• Project Scope: The permit authorizes the construction and operation of the Oko West gold project in Guyana.
• Economic Impact: The project is expected to create an average of 1,270 direct permanent jobs during its lifetime.
• Regulatory History: The permit follows the submission of an Environmental and Social Impact Assessment (ESIA) in November 2024, following a review process that began with terms of reference in early 2023 and included nearly two years of baseline studies.
• Early Works Status: Early works began in March 2025, including the development of a wharf on the Cuyuni River, access roads, and construction of a permanent camp.
• Capital Commitments: Approximately $190 million has been committed or negotiated for long-lead items, specifically:
  • Mobile and marine equipment
  • Grinding mills
  • Primary crusher
  • Power plant
• Timeline: Initial equipment deliveries are expected in the second half of 2025, enabling self-performing earthworks. A formal construction decision is anticipated in H2 2025, at which point project financing details will be communicated.
• Regulatory Partners: The company acknowledged collaboration with Guyana's Forestry Commission, Revenue Authority, Maritime Administration Department, Geology and Mines Commission, and the Ministry of Natural Resources.

Notable Quotes

• "The receipt of the environmental permit is a pivotal milestone that de-risks Oko West and clears the path toward a construction decision later this year." — Louis-Pierre Gignac, President and CEO