G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) announced that construction of its Oko West Gold Project in Guyana is 19.7% complete, with approximately $292 million spent to date. The project remains on schedule and on budget, with the company targeting first gold pour in the second half of 2027 and commercial production in January 2028, according to a press release.
The progress update highlights the company's disciplined execution in developing the gold project, located in the mining-friendly jurisdiction of Guyana. G Mining Ventures is positioning itself as a next mid-tier precious metals producer, leveraging strong access to capital and proven development expertise. The company's portfolio includes the Tocantinzinho Gold Mine and the Gurupi Project in Brazil, in addition to the Oko West Project.
For investors tracking the gold mining sector, this announcement is significant as it provides a clear timeline for a major new production source. The Oko West Project's advancement on budget and schedule suggests management's ability to deliver on its development promises, which could influence market confidence in the company's growth trajectory. The full press release is available at https://ibn.fm/pZEcG. Additional updates and news relating to GMINF can be found in the company's newsroom at https://ibn.fm/GMINF.
G Mining Ventures Corp. is a mining company engaged in the development, operation, and exploration of precious metal projects. The company trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF".
