G Mining Ventures Corp. has recently disclosed a detailed feasibility study for its Oko West Gold Project located in Guyana, showcasing the project's strong economic viability for a large-scale mining operation. The study forecasts a total gold production of 4.3 million ounces over a span of 12.3 years, with an average annual output of 350,000 ounces. This projection places the Oko West Project among the most promising gold mining ventures in the region.
The financial analysis of the project reveals impressive metrics, including an all-in sustaining cost of $1,123 per ounce. Assuming a gold price of $2,500 per ounce, the project boasts an after-tax net present value of $2.2 billion and a 27% after-tax internal rate of return. These figures highlight the project's potential to deliver substantial returns to investors, making it a noteworthy development in the mining sector.
Strategic preparations for the project are progressing, with the company expecting to secure final environmental permits by the second quarter of 2025. A decision regarding the commencement of construction is slated for the latter half of the same year, setting the stage for the Oko West Project's development in the near future.
Situated in Region 7 of Guyana, the Oko West Gold Project represents a major investment in a jurisdiction known for its mining-friendly policies. The feasibility study not only demonstrates the project's economic and operational feasibility but also reflects G Mining Ventures Corp.'s dedication to advancing sustainable and profitable precious metal projects. For more information on the project's details, visit https://www.gminingventures.com.
