Curated News
By: NewsRamp Editorial Staff
October 23, 2025
GMIN Approves Full Construction of $973M Oko West Gold Project
TLDR
- G Mining Ventures gains strategic advantage by securing full construction approval for its Oko West Gold Project, positioning for intermediate gold producer status with first production targeted for 2027.
- G Mining Ventures has completed 36% of detailed engineering and secured $334 million in procurement commitments, representing 33% of the $973 million total budget for the Oko West Gold Project.
- The Oko West Gold Project development creates economic opportunities in mining-friendly Guyana while GMIN applies its proven safe and disciplined approach to responsible mine development.
- G Mining Ventures is building a world-class gold project in Guyana using the same successful approach that delivered its Tocantinzinho mine safely, on time and on budget.
Impact - Why it Matters
This development represents a significant step in the global gold mining sector, potentially increasing gold supply from a stable jurisdiction at a time when central banks and investors are seeking safe-haven assets amid economic uncertainty. For investors, it demonstrates GMIN's transition from explorer to producer, creating potential value appreciation as the company executes its growth strategy. The project's successful development could also bring economic benefits to Guyana through job creation and infrastructure development, while contributing to global gold production capacity as demand for the precious metal continues to grow in both investment and industrial applications.
Summary
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has reached a pivotal moment in its corporate evolution with the Board of Directors officially approving full construction of the 100%-owned Oko West Gold Project in Guyana. This landmark decision follows the successful completion of critical permitting and financing milestones, positioning the company for its transition to an intermediate gold producer. The project carries an initial capital cost of $973 million, with detailed engineering already 36% complete and procurement commitments totaling $334 million, representing 33% of the total budget. Early construction works are progressing according to schedule, demonstrating the company's disciplined execution approach.
President and CEO Louis-Pierre Gignac emphasized the significance of this development, stating that the official launch of construction at Oko West represents a major milestone in GMIN's evolution. The company is leveraging its proven development expertise, applying the same disciplined, self-perform approach that successfully delivered the Tocantinzinho project safely, on time, and on budget. First gold production from this world-class project is targeted for the second half of 2027, marking a transformative period for the mining company. For comprehensive details, investors can access the full press release through the InvestorBrandNetwork platform, which provides specialized communications services including advanced wire-grade press release syndication and social media distribution through its Dynamic Brand Portfolio.
G Mining Ventures Corp. is strategically positioned to capitalize on the value uplift from successful mine development, with strong access to capital and proven development expertise driving its growth trajectory toward becoming the next mid-tier precious metals producer. The company's current portfolio is anchored by two key assets: the established TZ Gold Mine in Brazil and the newly advancing Oko West Gold Project in Guyana, both located in mining-friendly and prospective jurisdictions. This strategic expansion reinforces GMIN's commitment to disciplined project development while creating significant value for shareholders through systematic execution of its growth strategy in favorable mining regions.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, GMIN Approves Full Construction of $973M Oko West Gold Project
