G Mining Ventures Secures Environmental Permit for Guyana Gold Project, Paving Way for 1,270 Jobs
TL;DR
G Mining Ventures gains a strategic advantage with Guyana's environmental permit for Oko West, enabling construction and operation through 2030 in a top-ranked mining jurisdiction.
The permit follows nearly two years of environmental studies and multi-stakeholder review, authorizing construction and operation of the Oko West Gold Project through July 2030.
The Oko West project will create 1,270 permanent jobs and strengthens Guyana's economy, supporting sustainable development and community benefits through responsible mining practices.
Guyana ranks among the top 10 global mining jurisdictions, making G Mining Ventures' permitted Oko West project a notable development in South American gold mining.
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G Mining Ventures Corp. has received the Environmental Permit from Guyana's Environmental Protection Agency for its Oko West Gold Project, authorizing construction and operation through July 2030. The approval follows nearly two years of environmental and social studies and a multi-stakeholder review process, marking a significant milestone for the company's development plans in the South American nation.
The permit enables G Mining Ventures to proceed with construction decisions later this year for a project expected to create an average of 1,270 direct permanent jobs during its operational lifetime. This development strengthens the company's partnership with the Government of Guyana, which was recently ranked among the top 10 global mining jurisdictions by the Fraser Institute, highlighting the country's favorable regulatory environment for mining operations.
The environmental authorization represents a critical step in the project's development timeline, providing regulatory certainty through 2030. The comprehensive review process involved multiple stakeholders and extensive environmental assessments, ensuring the project meets Guyana's environmental standards while supporting economic development through job creation and investment.
For investors and industry observers, this permit approval demonstrates G Mining Ventures' progress in advancing its precious metal projects. The company, which trades on the TSX as GMIN and OTCQX as GMINF, focuses on acquiring, exploring and developing precious metal projects to capitalize on value uplift from successful mine development. Additional information about the company is available through its newsroom at https://ibn.fm/GMINF.
The Oko West Gold Project joins the company's TZ Gold Mine in Brazil as anchor assets in mining-friendly jurisdictions. The environmental permit approval not only facilitates local economic development through job creation but also positions Guyana as an attractive destination for mining investment, potentially influencing broader industry perceptions of South American mining opportunities.
Curated from InvestorBrandNetwork (IBN)
