G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has reported second-quarter 2026 revenue of $157.1 million, driven by sales of 37,439 ounces of gold at an average realized price of $4,197 per ounce. The company's gold production totaled 36,845 ounces, a 16% increase sequentially, while net income reached $72 million, or $0.30 per basic share. Free cash flow came in at $84.8 million, and the company ended the quarter with $225.7 million in cash and cash equivalents and $33 million in long-term debt, resulting in a net cash position of $192.7 million.
The company has maintained its 2026 production guidance of 160,000 to 190,000 ounces, with approximately 61% of output expected in the second half of the year as higher-grade Phase 2 mineralization is accessed at the Tocantinzinho mine. G Mining also revised its full-year cash cost guidance to $836-$965 per ounce and all-in sustaining cost guidance to $1,330-$1,544 per ounce, while keeping capital expenditure guidance unchanged. These adjustments reflect the company's confidence in its operational efficiency and cost management.
Construction at the Oko project remains on schedule, with first gold targeted for the second half of 2027. The completed G2 Goldfields acquisition is expected to support the development of an expanded Oko gold project, positioning G Mining for future growth. The company's strong balance sheet and strategic acquisitions underscore its commitment to becoming a mid-tier precious metals producer.
G Mining Ventures Corp. is engaged in the development, operation, and exploration of precious metal projects, primarily in mining-friendly jurisdictions such as Brazil and Guyana. The company's flagship Tocantinzinho Gold Mine and the Gurupi Project are located in Brazil, while the Oko West Project is in Guyana. G Mining trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF."
The latest news and updates relating to GMINF are available in the company's newsroom at https://ibn.fm/GMINF. For the full press release, visit https://ibn.fm/jd2EN.
