G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported preliminary second-quarter gold production of 36,845 ounces from its 100%-owned Tocantinzinho Gold Mine in Brazil, a 16% increase from 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 production was driven by a record 6.3 million tonnes of material mined during the quarter, as operations accelerated waste stripping and pit development to access higher-grade Phase 2 mineralization. The mine processed ore at an average rate of 11,121 tonnes per day with an average gold recovery of 91.9%. The company expects production to be weighted toward the second half of 2026, with approximately 62% of annual output forecast for the latter half.
This news is significant for investors and the mining industry as it demonstrates G Mining Ventures' operational progress and ability to ramp up production at its flagship Tocantinzinho mine. The mine, located in a mining-friendly jurisdiction in Brazil, is a key asset for the company as it aims to grow into a mid-tier precious metals producer. The reaffirmation of guidance provides confidence in the company's execution capabilities, especially as it advances development of other projects, including the Gurupi Project in Brazil and the Oko West Project in Guyana.
The company is scheduled 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 for more details.
G Mining Ventures Corp. trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF". The latest news and updates are available in the company’s newsroom at https://ibn.fm/GMINF.
