G Mining Ventures (GMIN) AGM 2026 presentation summary

Strategic growth and project execution

• Advancing a portfolio of high-quality gold assets, including Tocantinzinho (TZ), Oko West, and Gurupi, with a combined M&I resource of 9.17 Moz and P&P reserves of 6.52 Moz as of March 2026.

• Oko West is the largest gold project under construction globally, targeting 350 koz annual production and commercial production by January 2028.

• Robust free cash flow from TZ supports internal funding for Oko West construction and exploration, with consolidated production expected to exceed 500 koz annually by 2028.

• Construction at Oko West remains on schedule and on budget, with major infrastructure and equipment deliveries planned through 2027.

• Exploration and resource expansion continue across all assets, with significant upside potential and ongoing drilling at depth and along strike.

Financial performance and outlook

• Q1 2026 gold production reached 31,846 oz at an average grade of 1.03 g/t Au and 90.3% recovery, generating $56.2M in free cash flow.

• 2026 production guidance is 160–190 koz at total cash costs of $736–865/oz and AISC of $1,230–1,444/oz.

• Consolidated free cash flow is projected to exceed $1.2B in 2028 at a $4,000/oz gold price, driven by ramp-up at Oko West.

• Available liquidity stands at $638M, supporting ongoing capex and exploration programs.

• 2026 exploration budget is $42–50M, the largest in company history, with Oko West capex peaking at $514–568M.

Project milestones and operational highlights

• TZ achieved commercial production in September 2024, with 2025 guidance of 171,871 oz at AISC of $1,155/oz and $255M mine-site free cash flow.

• Oko West detailed engineering is 80% complete, with power plant and grinding mills scheduled for operation by mid-2027.

• Gurupi advanced exploration continues, with updated resource and PEA expected in H2 2026.

• Key construction milestones for Oko West include barge landing (Q2 2026), permanent kitchen (Q2 2026), and first gold in H2 2027.

• Workforce at Oko West is 82% Guyanese, reflecting strong local engagement.