G Mining Ventures Corp. (TSX: GMIN) has demonstrated a strong start to 2025, with its first-quarter results revealing significant achievements in gold production and financial performance. The company reported producing 35,578 ounces of gold at an all-in sustaining cost of $960 per ounce, alongside generating $24.4 million in net income and $36.0 million in free cash flow. These figures underscore the company's operational efficiency and financial stability in the competitive precious metals sector.
A key highlight of the quarter was the progress on the Oko West Project, for which G Mining Ventures released a comprehensive feasibility study. The study projects a net present value of $2.2 billion at a gold price of $2,500, indicating the project's potential to significantly contribute to the company's growth and profitability. Furthermore, the company has expanded its proven and probable reserves to 6.7 million ounces, reinforcing its asset base and long-term production capabilities.
The company's inclusion in three major mining indices marks a milestone, expected to increase its visibility among institutional investors and possibly attract further investment. This development, coupled with an impeccable safety record of no lost time or recordable incidents during the quarter, reflects G Mining Ventures' commitment to operational excellence and corporate responsibility.
With $149 million in cash reserves, G Mining Ventures is well-equipped to advance its projects, including the Tocantinzinho Gold Mine in Brazil and the Oko West Project in Guyana. These assets are situated in mining-friendly jurisdictions, offering strategic advantages for development and expansion. The company's confidence in meeting its 2025 production guidance further signals its strong market positioning and operational strategy.
For more information on G Mining Ventures Corp. and its projects, visit https://www.gminingventures.com.
