TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
G Mining Ventures ( (TSE:GMIN) ) has issued an announcement.
G Mining Ventures has announced the formal commencement of full construction for its Oko West Gold Project in Guyana, following the achievement of key permitting and financing milestones. The project, with an initial capital cost of $973 million, marks a significant step in the company’s growth strategy to become an intermediate gold producer. The construction activities are advancing on schedule, with detailed engineering 36% complete and significant procurement commitments already made. The project is fully permitted, and the company is actively engaging with the local community and implementing a comprehensive environmental and social management system. With a workforce primarily composed of Guyanese nationals, the project is expected to contribute to local economic development and is targeting its first gold production in the second half of 2027.
The most recent analyst rating on (TSE:GMIN) stock is a Buy with a C$35.00 price target. To see the full list of analyst forecasts on G Mining Ventures stock, see the TSE:GMIN Stock Forecast page.
Spark’s Take on TSE:GMIN Stock
According to Spark, TipRanks’ AI Analyst, TSE:GMIN is a Neutral.
G Mining Ventures is in a developmental phase, with substantial investment in growth and no revenue generation yet. Operational challenges and high valuation present risks, but positive technical momentum and strategic initiatives to enhance production and efficiency offer potential for future growth. Investors should weigh these factors, particularly the high debt levels and ongoing cash burn, when considering the stock.
To see Spark’s full report on TSE:GMIN stock, click here.
More about G Mining Ventures
G Mining Ventures Corp. is a company operating in the mining industry, focusing on the exploration and development of gold projects. Its primary market focus is on advancing its gold mining operations, with a significant project located in Guyana.
Average Trading Volume: 905,928
Technical Sentiment Signal: Buy
Current Market Cap: C$6.43B
See more data about GMIN stock on TipRanks’ Stock Analysis page.