G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) announced the completion of its acquisition of G2 Goldfields (TSX: GTWO) (OTCQX: GUYGF) through a court-approved plan of arrangement, marking a significant consolidation in the gold mining sector. The transaction creates what the company describes as a large-scale, fully permitted and fully financed tier-one gold mining complex in Guyana, combining the adjacent Oko West and Oko-Ghanie deposits.
Under the arrangement, each G2 share was exchanged for 0.212 GMIN common shares and 0.50 common shares of G3 Goldfields, a new entity spun out as part of the deal. G Mining Ventures expects the merger to generate substantial operational and capital synergies through shared infrastructure, optimized mine planning, greater processing capacity, and enhanced operational flexibility.
The company cautioned that previously disclosed mineral resource estimates for the Oko-Ghanie Project should be considered historical estimates under NI 43-101 and not current mineral resources from GMIN’s perspective. GMIN plans to undertake additional geological modeling, data integration, and drilling before issuing updated combined mineral resource estimates and a supporting technical report. Further technical studies are expected to culminate in a comprehensive report in 2027.
This acquisition positions GMIN as a key player in the Guyana gold mining landscape, leveraging strong access to capital and proven development expertise. The company is also anchored in Brazil with the Tocantinzinho Gold Mine and the Gurupi Project, alongside the Oko West Project in Guyana. GMIN trades on the TSX under the symbol “GMIN”.
For more information, the full press release is available at https://ibn.fm/ElDvh.
