G Mining Ventures Reports Q2 2026 Preliminary Production Results
G reports a 16% quarter-on-quarter rise in Q2 output, remaining on track for full-year guided production with a second-half grade uplift.
G Mining Ventures Corp. (GMIN) reported preliminary gold production of 36,845 oz from its Tocantinzinho (TZ) operation in the second quarter of 2026, representing a 16% increase from the first quarter. Year-to-date production reached 68,691 oz, comprising 31,846 oz in Q1 and 36,845 oz in Q2. Gold sales for the period totaled 37,439 oz.
The company achieved a record quarterly mining activity of 6.3 million tonnes, while the strip ratio improved to 2.78x from 4.41x in the first quarter. Plant throughput remained steady at 11,121 tonnes per day, processing ore at a grade of 1.23 g/t Au with a recovery rate of 91.9%.
GMIN maintained its full-year 2026 production guidance at 160,000–190,000 oz. Approximately 62% of the output is expected in the second half of the year as the operation accesses higher-grade Phase 2 mineralization. To support increased mining rates, the company plans to commission additional haul trucks and a front-end loader in the third quarter. Financial results for Q2 2026 will be released after the market close on August 12, 2026.
G Mining Ventures Corp. (GMIN) released a routine quarterly production update on Tuesday, confirming that guidance remains unchanged and no operational red flags have emerged. Second-quarter production increased by 16% quarter-over-quarter, a rise consistent with expectations following a seasonally weaker first quarter. This growth, coupled with an improved strip ratio, supports the company’s narrative for a second-half ramp-up.
Current grades remain modest at 1.23 g/t, a level consistent with the planned sequencing of lower-grade material as waste stripping opens access to Phase 2. The company did not provide specific cost figures in this release; the full margin picture is expected to emerge with the financial results scheduled for August 12.
G Mining Ventures Corp. is a gold producer operating its flagship Tocantinzinho (TZ) mine in Brazil, which it 100%-owns and currently produces approximately 175,000 ounces of gold per year. The company is advancing a growth pipeline that includes the Oko West gold project in Guyana. This 100%-owned asset is fully permitted and under construction, with first gold production expected in the second half of 2027. Oko West is projected to add approximately 350,000 ounces per year at an all-in sustaining cost (AISC) of approximately USD 1,123 per ounce. Additionally, the pending acquisition of G2 Goldfields would consolidate the adjacent Oko-Ghanie project, aiming for combined district production exceeding 500,000 ounces per year.
In Brazil, the company’s Gurupi project contains 1.83 million ounces in the Indicated category and 0.77 million ounces in the Inferred category. This earlier-stage asset is targeted for a preliminary economic assessment (PEA) by the end of 2026. G Mining Ventures is led by a team with a mine-building pedigree, having previously built the Tocantinzinho mine on time and on budget. The company is backed by strategic shareholder La Mancha, which holds approximately 19.9% of the company.