Curated News
By: NewsRamp Editorial Staff
November 13, 2026
G Mining Ventures Posts $99.5M Q3 Profit, Reaffirms 2026 Guidance
TLDR
- G Mining Ventures posted $99.5 million net income and $80 million free cash flow as Tocantinzinho output rose 22% and costs fell.
- G Mining Ventures cut cash costs to $960 per ounce and all-in sustaining costs to $1,591 per ounce as production increased 22%.
- G Mining Ventures advances the Oko Gold Project in Guyana, supporting responsible resource development and future economic opportunities for local communities.
- G Mining Ventures has spent $556 million, or 57% of Oko's $973 million budget, with first gold expected in late 2027.
Impact - Why it Matters
The strong third-quarter results underscore G Mining Ventures’ ability to generate substantial free cash flow and maintain cost discipline at Tocantinzinho, positioning the company to fund its growth pipeline, including the Oko Gold Project, without diluting shareholders. For investors, the reaffirmed production guidance and on-budget construction progress provide confidence in management’s execution and the company’s trajectory toward mid-tier producer status. The declining cost profile also enhances margins in a volatile gold price environment, making GMIN an attractive proposition for those seeking exposure to a growing, cash-generative precious metals producer in stable jurisdictions.
Summary
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has reported strong financial and operating results for the third quarter ended September 30, 2026, highlighted by net income of $99.5 million, or $0.36 per share, and revenue of $172.7 million. Adjusted net income stood at $88.8 million, or $0.32 per share, while free cash flow reached $80 million. The company’s flagship Tocantinzinho gold mine in Brazil produced 44,960 ounces, a 22% increase from the previous quarter, with total cash costs declining 8% to $960 per ounce sold and all-in sustaining costs decreasing 6% to $1,591 per ounce sold. G Mining ended the quarter with $137 million in cash and cash equivalents and a net cash position of $105.8 million.
G Mining Ventures reaffirmed its 2026 production guidance of 160,000 to 190,000 ounces of gold, with output expected to rise in the fourth quarter as higher-grade ore contributes to production. Construction of the Oko Gold Project in Guyana remains on schedule and within budget, with first gold production targeted for the second half of 2027. As of September 30, approximately $556 million, or 57% of the project’s $973 million initial capital budget, had been spent. The company is also advancing environmental studies and an updated mineral resource estimate at its Gurupi project, with a preliminary economic assessment targeted by year-end 2026. For full details, visit the full press release.
G Mining Ventures Corp. is a mining company engaged in the development, operation and exploration of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. The company is anchored in mining-friendly jurisdictions: Brazil, with the Tocantinzinho Gold Mine and the Gurupi Project, and Guyana, with the Oko West Project. GMIN trades on the TSX under the symbol “GMIN.” The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF. This article has been disseminated on behalf of G Mining Ventures Corp. and may include paid advertising. MiningNewsWire, a specialized communications platform focused on the global mining and resources sectors, is one of 75+ brands within the Dynamic Brand Portfolio @ IBN.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, G Mining Ventures Posts $99.5M Q3 Profit, Reaffirms 2026 Guidance
