G Mining Ventures Corp. has completed a feasibility study for its Oko West Gold Project in Guyana, revealing promising economic potential for a large-scale mining operation. The study projects total gold production of 4.3 million ounces over 12.3 years, with an average annual production of 350,000 ounces.
The project demonstrates robust financial metrics, with an after-tax net present value of $2.2 billion and a 27% after-tax internal rate of return, based on a gold price of $2,500 per ounce. The all-in sustaining cost is estimated at $1,123 per ounce, indicating competitive production economics.
The company plans to pursue final environmental permits in the second quarter of 2025, with a construction decision targeted for the second half of the same year. This timeline suggests the project is moving steadily toward potential development.
The feasibility study underscores the strategic importance of the Oko West Project for G Mining Ventures, positioning the company to potentially become a significant mid-tier precious metals producer. The project's location in Guyana, described as a mining-friendly jurisdiction, adds to its attractiveness for investors and industry observers.
