G Mining Ventures Sets 2026–27 Outlook With Higher Output, Lower Costs and Heavy Spend on Oko West

G Mining Ventures ( (TSE:GMIN) ) has shared an update.

G Mining Ventures has issued its operational outlook for 2026 and 2027, projecting steady production growth and improving costs at its Tocantinzinho Gold Mine in Brazil while advancing Oko West in Guyana toward first gold in the second half of 2027. The company expects TZ to produce 160,000–190,000 ounces of gold in 2026 and 200,000–235,000 ounces in 2027, with a heavier production profile in the second half of 2026 as higher-grade ore comes online and a full-year contribution from Phase 2 ore driving the 2027 increase. Cash operating costs are forecast at $736–$865 per ounce in 2026, improving to $633–$743 in 2027, while all-in sustaining costs are projected to fall by roughly 20% year-on-year, underpinned by disciplined spending and operational efficiencies. Sustaining capital at TZ is guided at $69–$81 million in 2026 and $62–$74 million in 2027, with a significant growth capital program of $514–$568 million in 2026 and $217–$240 million in 2027 dedicated mainly to developing Oko West. The company is also planning its largest-ever exploration budget of $42–$50 million in 2026, spread across Gurupi, Oko West and TZ, and says its balance sheet and cash flow generation should support this aggressive growth and exploration agenda, reinforcing its longer-term production and cost profile for stakeholders.

The most recent analyst rating on (TSE:GMIN) stock is a Buy with a C$47.00 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 Outperform.

The score is driven by strong technical momentum and a series of positive operational/project catalysts, supported by improved profitability and low leverage. It is held back primarily by weak cash conversion and deeply negative free cash flow, with valuation also looking relatively expensive at a 32.82 P/E and no dividend yield.

To see Spark’s full report on TSE:GMIN stock, click here.

More about G Mining Ventures

G Mining Ventures Corp. is a Canadian gold mining and development company with a focus on advancing and operating open-pit gold projects in Latin America. Its primary assets include the 100%-owned Tocantinzinho Gold Mine in Brazil’s Pará state and the 100%-owned Oko West Gold Project in Guyana, complemented by regional exploration initiatives such as the Gurupi project.

YTD Price Performance: -1.35%

Average Trading Volume: 738,337

Technical Sentiment Signal: Buy

Current Market Cap: C$9.31B

For detailed information about GMIN stock, go to TipRanks’ Stock Analysis page.