G Mining Ventures (GMIN) Corporate presentation summary

Strategic vision and growth trajectory

• Aims to become a leading intermediate gold producer, with gold output projected to nearly triple from 175–200 koz in 2025 to 500 koz by 2028, supported by a robust pipeline of producing, development, and exploration assets.

• Operates in mining-friendly jurisdictions (Brazil and Guyana), with a self-perform, repeatable growth model and a world-class management team holding significant insider ownership (21.33%).

• Market capitalization stands at $6.3 billion, with a P/NAV of 0.87x, indicating potential for re-rating as the company transitions to a mid-tier producer.

Asset portfolio and project highlights

• Tocantinzinho (TZ) mine, Brazil: Commercial production began in September 2024; 2025 guidance is 175–200 koz at AISC of $1,025–$1,155/oz, with 2.0 Moz P&P reserves and significant exploration upside.

• Oko West, Guyana: Fully permitted, 4.6 Moz P&P reserves, 12-year mine life, 350 koz/year production at $1,123/oz AISC; first gold expected H2 2027, commercial production H1 2028.

• Gurupi, Brazil: Advanced exploration with 1.8 Moz M&I resources; inaugural drill program started November 2025, targeting significant resource growth.

Financial and operational performance

• Q3 2025 saw record revenue ($161.7M), net income ($123.8M), and free cash flow ($95.8M), driven by strong gold prices ($3,292/oz) and operational efficiency.

• YTD 2025 gold production reached 124.5 koz, with AISC at $1,121/oz and robust AISC margins (66%).

• Cash balance at $94.6M and net debt at $24.1M as of Q3 2025; fully funded for Oko West construction with a projected liquidity surplus of $263M.