G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported third-quarter 2026 net income of $99.5 million, or $0.36 per share, on revenue of $172.7 million, according to the company's latest financial and operating results for the period ended Sept. 30, 2026. The performance was driven by a 22% sequential increase in gold production at the Tocantinzinho gold mine in Brazil, which produced 44,960 ounces. The results, disseminated on behalf of G Mining Ventures Corp., underscore the company's ability to translate operational gains into robust profitability.
Adjusted net income totaled $88.8 million, or $0.32 per share, while free cash flow reached $80 million. Unit costs moved lower, with total cash costs declining 8% to $960 per ounce sold and all-in sustaining costs decreasing 6% to $1,591 per ounce sold. The company ended the quarter with $137 million in cash and cash equivalents and a net cash position of $105.8 million. For readers and investors, the combination of rising output and falling costs is significant because it signals margin expansion and strengthened balance-sheet flexibility, which can support growth investments and shareholder returns.
G Mining Ventures reaffirmed its 2026 production guidance of 160,000 to 190,000 ounces of gold, with output expected to increase in the fourth quarter as higher-grade ore contributes to production. The company also reported progress at its Oko Gold Project in Guyana, which remains on schedule and within budget, with first gold production targeted for the second half of 2027. As of Sept. 30, approximately $556 million, or 57% of the project's $973 million initial capital budget, had been spent. The company is also advancing environmental studies and an updated mineral resource estimate at its Gurupi project, with a preliminary economic assessment targeted by year-end 2026. These developments matter for the broader mining industry because they demonstrate continued project execution in mining-friendly jurisdictions, which can bolster confidence in supply growth at a time when gold prices remain a focal point for investors.
For those tracking the company, the full press release is available at https://ibn.fm/aAtVS, and the latest news and updates relating to GMINF are available in the company's newsroom at https://ibn.fm/GMINF. The announcement was distributed through MiningNewsWire, a specialized communications platform focused on the global mining and resources sectors. MiningNewsWire is one of 75+ brands within the Dynamic Brand Portfolio at IBN, which provides wire solutions through InvestorWire and other services. Readers should review the full terms of use and disclaimers applicable to this content at https://www.MiningNewsWire.com/Disclaimer.
