G Mining reduces tax rate for Tocantinzinho

Executive Summary

• The Superintendência do Desenvolvimento da Amazônia approved G Mining Ventures Corp.’s Tocantinzinho (TZ) gold mine for inclusion in the SUDAM regional development tax incentive program.
• Effective FY 2025, the Brazilian nominal corporate income tax rate on TZ will drop from 34 % to ~15.25 % for an initial ten‑year term, renewable thereafter, substantially boosting after‑tax earnings and free cash flow.
• Management highlights that the reduced tax burden enhances project economics for TZ and supports funding of the Oko West gold project in Guyana and advanced exploration at Gurupi.

Key Details

• Tax Rate Reduction: Nominal corporate income tax lowered from 34 % to approximately 15.25 % for a ten‑year period beginning fiscal year 2025; renewable after the initial term.
• Financial Impact: Expected material increase in after‑tax earnings and free cash flow generation for G Mining Ventures Corp. (GMIN).
• Duration & Renewal: Incentive applies for 10 years with an option to renew, providing long‑term fiscal certainty for the Tocantinzinho operation.
• Strategic Significance: Enhances margins at TZ, enabling it to fund growth initiatives including the Oko West gold project in Guyana and advanced exploration at the Gurupi project in Brazil.
• Local Employment Emphasis: Over 80 % of the workforce is from Pará state; 99.8 % of employees are Brazilian, underscoring community commitment.

Notable Quotes

“The approval of this tax incentive further strengthens TZ's already robust economics and affirms the value of our investment in the Amazon region,” said Louis‑Pierre Gignac, President and CEO.
“By lowering our effective tax rate, we expand margins and increase free cash flow — reinforcing TZ's role as the engine that funds our disciplined growth pipeline.”