G Mining Ventures Secures 20-Year Mining License for Guyana Gold Project
TL;DR
G Mining Ventures secured a 20-year mining license for its Oko West Gold Project, providing a competitive edge with regulatory certainty and a clear path to gold production starting Q1 2026.
GMIN completed its final major permitting milestone with the 20-year license, following environmental approval and construction decisions, enabling disciplined development activities and pre-production mining by early 2026.
The project's development in mining-friendly Guyana contributes to economic growth and job creation, potentially improving local communities through responsible gold production and sustainable mining practices.
G Mining Ventures' Oko West Gold Project received a 20-year license, marking a significant step toward becoming a mid-tier precious metals producer with operations in Brazil and Guyana.
Found this article helpful?
Share it with your network and spread the knowledge!
G Mining Ventures Corp. has received a 20-year Mining License from the Guyana Geology and Mines Commission for its 100%-owned Oko West Gold Project. The license authorizes development, operation, and commercial gold production at the site, with the approval effective December 5, 2025. This represents the final major permitting milestone for the project, following the company's receipt of the Final Environmental Permit in September and the formal construction decision in October.
With all core regulatory requirements now complete, GMIN is advancing disciplined development activities as early works transition into full construction. The company expects pre-production open-pit mining to begin in the first quarter of 2026, with initial fleet assembly already underway. The full press release detailing these developments is available at https://ibn.fm/RMknR.
This development is significant because it removes the final regulatory barrier to developing what could become a substantial gold production operation in a mining-friendly jurisdiction. The 20-year license provides long-term operational certainty for the project, which is crucial for attracting and securing the substantial capital investment required for mine development. For investors, this milestone reduces project risk and moves GMIN closer to generating revenue from gold production.
The Oko West Gold Project represents a strategic asset for GMIN as the company positions itself to grow into a mid-tier precious metals producer. The company's other major asset is the TZ Gold Mine in Brazil, another mining-friendly jurisdiction. GMIN leverages strong access to capital and proven development expertise across its portfolio. Additional information about the company is available in its newsroom at https://ibn.fm/GMINF.
The successful permitting of the Oko West project demonstrates the viability of gold exploration and development in Guyana, potentially encouraging further investment in the country's mining sector. For the global gold market, new production from projects like Oko West contributes to supply, which can influence prices and availability. The project's advancement also has implications for local employment and economic development in the region where it operates.
Curated from InvestorBrandNetwork (IBN)
