G Mining Ventures Corp. reported impressive first-quarter financial results, highlighting strong operational performance and strategic advancement in its gold mining portfolio. The company produced 35,578 ounces of gold at an all-in sustaining cost of $960 per ounce, positioning itself for a potentially significant year in precious metals production.
The company's financial metrics underscore its robust operational efficiency, with $24.4 million in net income and $36.0 million in free cash flow. These results are complemented by a substantial cash position of $149 million, providing significant financial flexibility for future development and exploration efforts.
A key milestone for G Mining Ventures is the completion of the Oko West Project feasibility study, which revealed a substantial net present value of $2.2 billion at a gold price of $2,500. The project's potential is further enhanced by the company's increased proven and probable gold reserves, now standing at 6.7 million ounces.
The company's strategic progress extends beyond financial performance. G Mining Ventures has been included in three major mining indices, which is expected to increase institutional investor visibility and potentially attract more investment capital. Additionally, the company maintained an exemplary safety record with no lost time or recordable incidents during the quarter.
With operations anchored in mining-friendly jurisdictions like Brazil and Guyana, G Mining Ventures appears well-positioned to continue its growth trajectory in the precious metals sector. The company remains on track to meet its 2025 guidance, signaling confidence in its operational and financial strategies.
