G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported preliminary second-quarter gold production of 36,845 ounces from its wholly-owned Tocantinzinho Gold Mine in Brazil, a 16% increase from the first quarter. Year to date, the company has produced 68,691 ounces and sold 71,215 ounces, while maintaining its full-year production guidance of 160,000 to 190,000 ounces. The results indicate steady operational progress at the newly commissioned mine, which achieved commercial production earlier this year.
During the quarter, the mine processed ore at an average rate of 11,121 tonnes per day with an average gold recovery of 91.9%. Second-quarter mining reached a record 6.3 million tonnes, as operations advanced waste stripping and pit development to access higher-grade Phase 2 mineralization. The company expects production to be weighted toward the second half of 2026, with approximately 62% of annual output forecast for the latter half of the year. G Mining Ventures plans to release its full second-quarter financial and operating results on August 12, followed by a conference call on August 13.
The Tocantinzinho mine, located in the mineral-rich Tapajos region of Brazil, is the company's flagship asset. G Mining Ventures is positioning itself to become the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. The company is also advancing the Gurupi Project in Brazil and the Oko West Project in Guyana. For more details, the full press release is available at https://ibn.fm/5MjpF.
The production ramp-up is significant for investors as it demonstrates the mine's ability to increase output and access higher-grade ore, which should support cost reduction and margin expansion in the coming quarters. The reaffirmed guidance provides visibility into the company's near-term growth trajectory. As the mine reaches steady-state operations, G Mining Ventures is well-positioned to capitalize on the favorable gold price environment. The company's focus on mining-friendly jurisdictions in Brazil and Guyana reduces geopolitical risk, an important consideration for investors seeking exposure to precious metals. The upcoming financial results will provide further insight into costs and profitability.
G Mining Ventures trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF." Latest news and updates are available in the company’s newsroom at https://ibn.fm/GMINF. The company continues to execute on its strategy of building a mid-tier gold producer through disciplined project development and operational excellence.
