G Mining Ventures Reports Strong Q1 2025 Results

G Mining Ventures Corp ( (GMINF) ) has released its Q1 earnings. Here is a breakdown of the information G Mining Ventures Corp presented to its investors.

G Mining Ventures Corp, a company focused on the acquisition, exploration, and development of precious metal projects, is making strides in the mining sector with its Tocantinzinho Mine in Brazil and the Oko West Project in Guyana. In its first quarter of 2025, G Mining Ventures reported a strong financial performance with a net income of $24.4 million and free cash flow of $36 million, marking its second consecutive quarter of positive cash flow. The company produced 35,578 ounces of gold at an all-in sustaining cost of $960 per ounce, positioning itself well within its annual guidance range.

Key highlights from the quarter include a robust adjusted EBITDA of $68.6 million and a cash balance of $149 million. The company also reported significant progress at its Oko West Project, with early works construction underway and a positive feasibility study indicating a promising future for the project. G Mining Ventures has also been added to three major benchmark indices, enhancing its visibility among institutional investors.

The company remains on track to meet its 2025 production guidance of 175,000 to 200,000 ounces of gold, with expectations for increased production and decreased costs in the latter half of the year. G Mining Ventures is also advancing its Oko West Project towards a formal construction decision, with financing discussions progressing and key infrastructure developments expected to be completed by year-end.

Looking ahead, G Mining Ventures is focused on ramping up production at the Tocantinzinho Mine and advancing the Oko West Project. The company is optimistic about its growth prospects, leveraging its strong financial position and strategic initiatives to enhance shareholder value.