G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported preliminary second-quarter gold production of 36,845 ounces from its wholly-owned Tocantinzinho Gold Mine in Brazil, representing a 16% increase over the first quarter. The company also reaffirmed its full-year 2026 production guidance of 160,000 to 190,000 ounces, with year-to-date production reaching 68,691 ounces and sales totaling 71,215 ounces.
The improved output reflects operational advancements at the mine, which processed ore at an average rate of 11,121 tonnes per day during the quarter, achieving an average gold recovery rate of 91.9%. Notably, second-quarter mining reached a record 6.3 million tonnes as the company accelerated waste stripping and pit development to access higher-grade Phase 2 mineralization. According to the company, production is expected to be weighted toward the second half of 2026, with approximately 62% of annual output forecast for the latter half of the year.
These results underscore G Mining Ventures' progress in ramping up operations at Tocantinzinho, which began commercial production earlier this year. The company is positioning itself as a mid-tier precious metals producer by leveraging its development expertise and access to capital. Beyond Tocantinzinho, G Mining Ventures holds the Gurupi Project in Brazil and the Oko West Project in Guyana, both in mining-friendly jurisdictions.
The company plans to release its full second-quarter financial and operating results on August 12, followed by a conference call on August 13. Investors can access the full press release at https://ibn.fm/5MjpF and find the latest news and updates at https://ibn.fm/GMINF.
The announcement is significant as it demonstrates G Mining Ventures' ability to increase production and maintain guidance despite operational challenges. The record mining volume and improved recovery rates indicate that the company is effectively executing its mine plan, which could enhance investor confidence. Furthermore, the reaffirmation of 2026 guidance provides clarity on the company's near-term growth trajectory, reinforcing its potential to become a meaningful player in the gold mining sector.
