G Mining Ventures Reports Second Quarter 2026 Results - Strong Quarterly Free Cash Flow Reflects Solid Operational Performance

G Mining Ventures Corp. (GMIN) reported second-quarter 2026 results after market close on August 12, 2026. The company produced 36,845 ounces of gold at its Tocantinzinho operation, a 16% increase from the first quarter of 2026, driven by higher grades of 1.23 g/t Au and a 91.9% recovery rate. Gold sales totaled 37,439 ounces at a realized price of $4,197 per ounce, generating $157.1 million in revenue.

The company reported a net income of $72.0 million, or $0.30 per basic share, while adjusted net income reached $79.1 million, or $0.33 per share. Cash from operations came in at $103.8 million, with company-defined free cash flow of $84.8 million. Total cash costs for the quarter were $1,046 per ounce sold, and all-in sustaining costs (AISC) were $1,690 per ounce sold.

G Mining maintained its full-year 2026 production guidance at 160,000–190,000 ounces. However, it raised its full-year cash cost guidance to $836–$965 per ounce from the previous range of $736–$865 per ounce. Full-year AISC guidance was also increased to $1,330–$1,544 per ounce from $1,230–$1,444 per ounce.

Regarding development projects, construction at Oko West reached 28.0% earned value, with $423 million spent against an initial budget of $973 million. First gold from the project is still targeted for the second half of 2027. Additionally, the G2 Goldfields acquisition closed on July 29, 2026, consolidating the Oko district.

G Mining Ventures Corp. (GMIN) confirmed in its second-quarter release that first-half costs ran materially above original 2026 cost ranges, prompting management to raise its full-year cost guidance. The company maintains its production guidance and continues to generate strong price-driven cash flow.

The stock had risen sharply prior to the announcement, climbing from $32.76 on June 10 to $51.02 on August 10, a gain of roughly 56%. It also rose from $40.92 on July 29 to $51.02 on August 10, an increase of about 25%, following the close of the G2 period.

This cost guidance increase reverses a commitment management repeated as recently as the first quarter of 2026. While the company’s strong free cash flow and revenue remain robust, the adjustment presents a clear negative differentiation from prior guidance.

G Mining Ventures Corp. (TSX: GMIN) is a Canadian-based gold mining company anchored by its operating Tocantinzinho gold mine in Brazil. The mine produced 171,871 oz in 2025 and is guided to produce 160,000–190,000 oz in 2026 and 200,000–235,000 oz in 2027.

The company’s Oko West gold project in Guyana is currently under construction, with first gold targeted for H2 2027. This development follows the closure of the G2 Goldfields acquisition in July 2026, which consolidated the adjacent Oko-Ghanie land package in Guyana. Additionally, the Gurupi project in Brazil remains an exploration-stage asset, with an updated mineral resource estimate (MRE) and preliminary economic assessment (PEA) targeted for H2 2026. Management is led by Louis-Pierre Gignac, President and CEO.