G Mining Ventures Progresses on Tocantinzinho Output Efforts
G Mining Ventures Reaches New Heights with Tocantinzinho
G Mining Ventures Corp. ('GMIN' or the 'Corporation') recently achieved a significant operational milestone at its Tocantinzinho Gold Mine ('TZ'). The processing plant has successfully operated at an average of 12,890 tonnes per day (tpd) over 30 consecutive days. This remarkable achievement not only highlights the company’s operational capabilities but also sets a solid foundation for future production goals.
Performance Highlights for Q2 2025
Additionally, the Corporation reported a gold production of 42,587 ounces for the second quarter of 2025, reflecting a substantial 20% increase from the preceding quarter. Gold recovery rates improved as well, reaching 90.3%, a notable rise from 87.7% in Q1 2025. This surge in production and recovery rates signifies GMIN's commitment to enhancing operational efficiency.
Mining and Processing Improvements
The second quarter of 2025 showcased several operational achievements, including:
- No lost time or recordable incidents reported during Q2.
- The average mining rate increased to approximately 47,900 tpd, marking an 18% improvement from Q1 2025.
- The average plant throughput reached 11,100 tpd, equating to 86% of nameplate capacity.
These accomplishments underline the Corporation’s ability to navigate challenges effectively while maintaining a focused approach on production and safety.
Technical Enhancements in Mill Operations
Earlier this year, G Mining addressed challenges related to the SAG mill liners, which led to some downtime. By switching to a permanent steel liner solution in April, the milling process has regained stability and output efficiency. Post-installation, the mill has consistently performed near or above nameplate capacity, achieving 96% throughput during May and an exceptional 103% in the same month. This continued improvement emphasizes the reliability of the new milling system.
Production Forecast for 2025
As G Mining Ventures eyes the remainder of 2025, the Corporation has set clear production targets, estimating an output between 175,000 to 200,000 ounces of gold for the year. Of this, they anticipate 44% will be produced in the first half and 56% in the second half of the year.
Furthermore, first-half production amounts to 78,165 ounces, positioning the company favorably against its annual guidance.
Future Catalysts and Projects
Looking ahead, G Mining Ventures will focus on several key initiatives:
- Obtaining the final environmental permit for the Oko West project by early Q3.
- Making financing and construction decisions for Oko West in H2 2025.
- Exploring both established and new locations for growth, primarily at the Tocantinzinho site and the Oko West project.
Upcoming Earnings Conference Call
In the upcoming weeks, GMIN will release its second-quarter results, followed by a conference call to discuss financials and projections. This event will provide a platform for stakeholders to engage with management and learn more about the Corporation’s strategic direction.
Frequently Asked Questions
What is G Mining Ventures Corp.?
G Mining Ventures Corp. is a mining company focused on the acquisition, exploration, and development of precious metal projects, particularly gold.
What production statistics did G Mining Ventures report for Q2 2025?
The company reported gold production of 42,587 ounces for Q2 2025, a 20% increase over Q1, with a gold recovery rate of 90.3%.
What changes were made to the gold recovery systems?
G Mining installed steel liners in the SAG mill to improve durability and throughput, resulting in enhanced milling efficiency.
What are GMIN's future production goals?
The company aims for a production range of 175,000 to 200,000 ounces for the full year of 2025.
How often does G Mining Ventures report its earnings?
G Mining Ventures typically releases its earnings quarterly, providing updates on operational and financial performance.
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