G Mining Ventures (GMIN) Mining Forum Americas 2026 summary

Project development and construction progress

• Construction is at its peak with 2,000 workers on site and first gold targeted by end of September next year, with the grinding circuit as the critical path for commissioning.

• Power plant construction is advancing, with all gensets installed and 65% of project costs committed, reducing risk.

• Expansion plans include adding a ball mill, leaching capacity, and power units, with modest initial CapEx and continuous use of the current construction team.

• Updated feasibility study results and resource conversion are expected by mid-next year.

• Capital allocation will prioritize share buybacks via NCIB, with future strategies to be formalized once Oko West is cash flowing.

Exploration and resource growth

• A robust exploration program is underway across three assets, with 55,000 meters of infill drilling planned for Oko West and Ghanie to support an updated feasibility study.

• Oko-Ghanie and Oko West are being developed as a single, large project with a 5-kilometer mineralized strike, targeting 500,000 ounces per year.

• Exploration at Tocantinzinho (TZ) has identified mineralization 150 meters below current pit limits, potentially extending mine life.

• Gurupi exploration is focused on resource expansion, with a PEA expected by year-end and new discoveries along the Chega Tudo trend.

• Total production potential is approaching 1 million ounces annually when combining Oko, TZ, and Gurupi.

Strategic outlook and M&A

• Recent acquisition of G2 Goldfields has shifted focus to maximizing value from current assets rather than pursuing new M&A.

• Gurupi is seen as undervalued and a key growth catalyst, with the upcoming PEA expected to highlight its potential.

• District-scale land package post-G2 acquisition is a major exploration focus, with only minor land deals being considered.

• M&A remains opportunistic, with no urgent need for new assets unless highly attractive opportunities arise.