G Mining Ventures and G2 Goldfields Announce Closing of Arrangement
G closes G2 deal, consolidating the Oko district into a tier-one Guyana hub.
G Mining Ventures Corp. (GMIN) has completed the acquisition of G2 Goldfields Inc. (G2) through a plan of arrangement, making G2 a wholly-owned subsidiary. As part of the transaction, G2 has spun out its Guyana assets into a new entity, G3 Goldfields Inc. (G3), which is applying for listing on the Canadian Securities Exchange (CSE). Consequently, G2 shares are being delisted from the TSX and OTCQX and will cease to be a reporting issuer.
Under the terms of the deal, each G2 share converts to 0.212 GMIN common shares and 0.50 G3 common shares.
Regarding technical disclosures, mineral resources for the Oko-Ghanie Project referenced in April 2026 are classified as "historical estimates" under NI 43-101. A qualified person has not yet completed sufficient work to classify them as current. Combined modeling, additional drilling, and a technical report are planned for 2027.
CEO Louis-Pierre Gignac stated that the acquisition creates a "large-scale, low-cost, fully permitted and fully financed tier-one gold mining complex" by combining the adjacent Oko-Ghanie and Oko West deposits.
G Mining Ventures Corp. (GMIN) has completed the final closing of a transaction initially announced on April 9, 2026. The market had already reflected the strategic value of the deal, with the stock rising from approximately $30 in April to a peak of $58.08 in March before settling into a $37–$45 range.
The closing introduces no new operational, financial, or guidance surprises. The clarification that G2's Oko-Ghanie resources are considered "historical" until combined with Oko West and re-modeled represents a standard technical compliance step rather than a negative deviation. Following the closing, the stock has traded in a tight consolidation band.
G Mining Ventures Corp. (GMIN) owns the Tocantinzinho (TZ) Gold Mine in Brazil, a 100%-owned producing asset that entered commercial production in 2025. The mine generated 171,871 oz of gold in FY 2025 at an all-in sustaining cost (AISC) of $1,155/oz.
The company is also advancing the Oko West Gold Project in Guyana, a 100%-owned development project that is fully permitted with construction currently underway. First gold is targeted for the second half of 2027, with a long-of-mine (LOM) production target of approximately 350,000 oz/yr at an AISC of $1,123/oz.
In Brazil, the exploration-stage Gurupi Project encompasses a large land package of approximately 1,900 km², with a preliminary economic assessment (PEA) and environmental and social impact assessment (ESIA) targeted for 2026. Additionally, G2 Goldfields’ Oko-Ghanie Project has been consolidated under GMIN, adding adjacent mineralization to the Oko West site and targeting a combined LOM average of over 500,000 oz/yr for the Oko district.