G Mining Ventures held its annual meeting June 26 without disclosing production figures or cost guidance. The next catalyst is the Q2 report, due late July.
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G Mining Ventures Corp. held its annual shareholder meeting June 26 with no operational or financial updates, according to a transcript of the proceedings. The meeting, conducted in English, was called to order by founder and chairman Louis-Pierre Gignac Sr. Business was limited to procedural items – director elections, auditor appointments, and adoption of the information circular.
No production figures, cost guidance, or exploration results were disclosed. The company's flagship Tocantinzinho gold project in Pará, Brazil, poured first gold in the fourth quarter of 2024. G Mining Ventures has since been ramping throughput toward the nameplate capacity of 3 million tonnes per annum. The feasibility study projected an average annual output of roughly 175,000 ounces over the first five years, at all-in sustaining costs around $850 an ounce.
Gold has traded near $2,400 an ounce in recent months, a tailwind for producers that have hit commercial rates. Still, cost inflation for consumables and labour in Brazil remains a risk to margins. The company's most recent quarterly filings indicated capital spending was tracking within the budget set at the start of the year.
Investors will get the next read on the ramp at the second-quarter production report, expected in late July. The release will offer the first look at whether mill throughput has reached the budgeted 80% utilisation rate and whether recoveries are aligning with the design metric of 92%. A miss on either number would push the commercial production date further into the second half of 2026.
G Mining Ventures also holds early-stage exploration assets in Suriname and French Guiana. No exploration results were provided during the meeting. The company is fully funded to commercial production through a prior debt facility and equity placement completed in 2024.
The meeting was adjourned without any special resolutions or shareholder questions, the transcript showed.
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