G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has completed its acquisition of G2 Goldfields (TSX: GTWO) (OTCQX: GUYGF) through a court-approved plan of arrangement, creating what the company describes as a large-scale, fully permitted and fully financed tier-one gold mining complex in Guyana. The transaction, which combines the adjacent Oko West and Oko-Ghanie deposits, is expected to generate operational and capital synergies through shared infrastructure, optimized mine planning, greater processing capacity and enhanced operational flexibility.
Under the terms of the arrangement, each G2 share was exchanged for 0.212 GMIN common shares and 0.50 common shares of G3 Goldfields, which was spun out as part of the transaction. G Mining Ventures clarified that previously disclosed mineral resource estimates for the Oko-Ghanie Project should be considered historical estimates under NI 43-101 and not current mineral resources from GMIN's perspective. The company will undertake additional geological modeling, data integration and drilling before issuing updated combined mineral resource estimates and a supporting technical report. Further technical studies are expected to culminate in a comprehensive report in 2027.
This acquisition positions G Mining Ventures to leverage its proven development expertise and strong access to capital to grow into the next mid-tier precious metals producer. The company is currently anchored in mining-friendly jurisdictions, including Brazil with the Tocantinzinho Gold Mine and the Gurupi Project, and now Guyana with the Oko West Project. The combination of deposits in Guyana is expected to create significant value by optimizing mining operations and reducing costs through shared infrastructure.
The completion of this transaction marks a strategic milestone for G Mining Ventures, which trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF." Investors seeking the latest news and updates can visit the company's newsroom at https://ibn.fm/GMINF. For the full press release, visit https://ibn.fm/ElDvh.
