Northwire Canada EditionMonday, August 3, 2026
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S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Technical Study

G2 Goldfields Files Technical Report for PEA and Updated MRE for the High-Grade Oko Gold Project

G2 Goldfields Formalizes Tier-1 Status with $2.5 Billion NPV at Oko, But Heavy $664M Price Tag Looms

By The Northwire Desk — AI Analysis Feb 02, 2026 · 07:09 GTWO · 6.62 G2 Goldfields Inc.
Executive Summary

The most recent news (February 2, 2026) confirms the formal filing of the NI 43-101 Technical Report for the Preliminary Economic Assessment (PEA) on the Oko Gold Project in Guyana. This report provides the technical foundation for the economic results initially messaged in December 2025. Key parameters include a 14-year mine life, average annual production of 228,000 oz Au (peaking at 298,000 oz), and an after-tax NPV5% of US$2.48 billion with a 38% IRR. These figures are based on a "base case" gold price of $3,000/oz. The report also updates the Mineral Resource Estimate (MRE) to 1.62 Moz Indicated (3.24 g/t) and 1.91 Moz Inferred (3.31 g/t).

Material Impact

The impact is Material - Positive because it transitions Oko from an exploration story to a formal development project with Tier-1 production potential. - Economic Sensitivity: While the US$2.48B NPV is eye-catching, it is highly sensitive to the gold price. At a more conservative $2,000/oz gold price, the after-tax NPV drops 67% to $814M, and the IRR falls to a more modest 19%. - Cost Profile: The All-In Sustaining Cost (AISC) is projected at US$1,232/oz. This is relatively high for a high-grade project, suggesting that inflationary pressures or underground mining complexities are weighing on the margins. - De-risking: Filing the technical report is a regulatory requirement that allows institutional investors to perform deeper due diligence. It confirms that the high-grade Oko Main Zone and the larger Ghanie deposit can be integrated into a single $10,000 tpd operation.

GTWO · Price
Company Overview

G2 Goldfields is focused on the Oko-Aremu district in Guyana. The flagship Oko Project consists of the high-grade Oko Main Zone (underground) and the Ghanie deposit (primarily open pit). The project is located in a prolific district with a history of alluvial mining dating to the 1870s. Guyana is currently a top-tier mining jurisdiction, having recently hosted the sale of the Aurora mine (discovered by G2's current management).

Read the original news release →

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