G Mining Ventures (GMIN) investor relations material

Strategic vision and growth trajectory

• Aims to become a leading intermediate gold producer through disciplined project development and sustainable growth, leveraging a proven mine-building team and a robust portfolio of assets.

• Targets production growth to over 500,000 ounces annually by 2028, with a threefold increase in output from 2025 to 2028.

• Maintains a repeatable growth strategy, acquiring projects at attractive valuations and de-risking through construction and operational excellence.

• Strong internal cash generation funds ongoing development and exploration, reducing reliance on external capital.

• Focuses on value creation through exploration, operational efficiency, and disciplined capital allocation.

Asset portfolio and project pipeline

• Operates the Tocantinzinho (TZ) mine in Brazil, with commercial production starting September 2024 and 2025 guidance of 171,871 oz at $1,155/oz AISC.

• Oko West in Guyana is the largest gold project under construction globally, targeting 350,000 oz/year over a 12-year mine life at $1,123/oz AISC, with first gold expected in H2 2027 and commercial production in January 2028.

• Gurupi project in Brazil is advancing exploration, with 1.8 Moz indicated and 0.8 Moz inferred resources, and a $21M exploration program planned for 2026.

• Consolidated mineral inventory includes 9.17 Moz measured and indicated resources and 1.17 Moz inferred resources across all projects.

• Significant exploration upside exists at all properties, with ongoing drilling and resource expansion programs.

Financial and operational performance

• Q1 2026 gold production was 31,846 oz, with 33,776 oz sold, average grade 1.03 g/t, and 90.3% recovery.

• Q1 2026 free cash flow reached $56.2M, with available liquidity of $638M as of March 31, 2026.

• 2026 guidance: 160–190 koz gold production at $1,230–$1,444/oz AISC; 2027 guidance: 200–235 koz at $977–$1,146/oz AISC.

• Oko West construction is on schedule and budget, with $292M spent and $525M committed by March 2026; power plant and grinding mills expected operational by mid-2027.

• Estimated capital sources for Oko West total $1.4B, with a projected liquidity surplus of $618M at March 2026.