G Mining Ventures Announces Approval of SUDAM Tax Incentive for Tocantinzinho Gold Mine

Executive Summary

• SUDAM (Superintendência do Desenvolvimento da Amazônia) approved a tax‑incentive program for the Tocantinzinho Gold Mine, reducing the nominal corporate income tax rate from 34% to ~15.25% for an initial ten‑year period.
• The reduced tax rate is expected to materially boost after‑tax earnings and free cash flow, enhancing the mine’s economics and supporting G Mining Ventures’ growth pipeline (Oko West Gold Project in Guyana and advanced exploration at Gurupi).
• The incentive is renewable after the first decade, providing a long‑term fiscal advantage for the company’s Brazilian operations.

Key Details

• Program: SUDAM regional development tax incentive.
• Tax Rate Reduction: From 34% to approximately 15.25% (≈10-year term, renewable).
• Effective Period: Commences FY 2025; initial ten‑year term with renewal option.
• Financial Impact: Anticipated material increase in after‑tax earnings and free cash flow generation for the Tocantinzinho Mine.
• Strategic Importance: Strengthens TZ’s economics, funds growth pipeline (Oko West Gold Project – Guyana; Gurupi exploration – Brazil).
• Workforce Note: >80% of workforce from Pará; 99.8% Brazilian employees, underscoring local 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… 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.” – Louis‑Pierre Gignac, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the company’s filings.