G Mining Ventures produces 46,360 ounces Au in Q3
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On October 14, 2025, G Mining Ventures reported Q3 2025 production results for its Tocantinzinho (TZ) gold mine in Brazil. The company produced a record 46,360 ounces of gold, a 9% increase from Q2 2025. This brings the year-to-date production to 124,525 ounces.
Key operational metrics showed significant improvement over the previous quarter: * Gold Sales: 49,119 ounces, a 23% increase. * Plant Throughput: Averaged 11,890 tonnes per day (tpd), reaching 92% of the 12,900 tpd nameplate capacity, up from 86% in Q2. * Gold Recovery: Improved to 92.3% from 90.3% in Q2. * Mining Rate: Increased by 15% to 55,023 tpd.
The CEO, Louis-Pierre Gignac, stated that TZ continues to deliver on its 2025 plans with strong operational performance, reflecting continued improvements across all operations. The company will release its full Q3 financial results on November 12, 2025.
This is a Material - Positive news release. For a company in the critical ramp-up phase of its first mine, demonstrating consistent quarter-over-quarter operational improvement is paramount. This release confirms that the Tocantinzinho mine is not only meeting but exceeding expectations on its path to full nameplate capacity.
The context of the preceding news makes these results even more significant: 1. October 2nd Tax Reduction: GMIN secured a major tax reduction for TZ, cutting the rate from 34% to ~15.25%. This materially enhances the project's future cash flow. 2. October 6th Oko West Financing: The company secured a substantial, non-dilutive $387.5M (up to $537.5M) financing package to construct its next major asset, the Oko West project. Management explicitly stated that "strong cash flow from the Tocantinzinho Mine" is a cornerstone of this growth strategy.
Today's production results provide tangible proof that this "strong cash flow" is materializing. The increasing production, sales, throughput, and recovery directly de-risk the company's financial model and its ability to fund Oko West development while servicing its new debt. This demonstrated execution builds significant confidence in management's ability to deliver on its promises.
While the average grade processed dipped slightly from 1.45 g/t to 1.43 g/t and the strip ratio increased from 1.64 to 1.83, these are minor points given the strong gains in milling performance. These strong operational results should translate directly into robust revenue and cash flow, which will be the key focus of the upcoming financial statements.
G Mining Ventures Corp. is a gold mining company transitioning from a developer to a mid-tier producer. It has a portfolio of assets in the Americas. * Flagship Producing Project: The 100%-owned Tocantinzinho (TZ) Gold Mine in Pará State, Brazil. This is an open-pit mine that recently entered commercial production and is currently ramping up. It is the company's primary source of cash flow. * Flagship Development Project: The 100%-owned Oko West Gold Project in Guyana. This is the company's next major growth project, for which it has recently secured construction financing. The project received its environmental permit in September 2025. * Exploration Project: The Gurupi Project in Brazil, which offers longer-term exploration potential.