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G Mining Ventures ( (TSE:GMIN) ) just unveiled an update.
G Mining Ventures has released a feasibility study for its Oko West Gold Project in Guyana, highlighting strong economic potential with an after-tax NPV of $2.2 billion and an IRR of 27% at a $2,500/oz gold price. The project is expected to produce 350,000 ounces of gold annually over 12.3 years, with a low AISC of $1,123/oz. The company is progressing well with early construction works and anticipates making a construction decision in the second half of 2025, which could significantly enhance its market position and stakeholder value.
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 mining company focused on the exploration and development of gold projects. The company is engaged in large-scale, low-cost mining operations and is currently advancing its Oko West Gold Project in Guyana.
YTD Price Performance: 70.55%
Average Trading Volume: 101,387
Technical Sentiment Signal: Sell
Current Market Cap: $3.06B
For a thorough assessment of GMIN stock, go to TipRanks’ Stock Analysis page.