G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has reported second-quarter 2026 revenue of $157.1 million on sales of 37,439 ounces of gold at an average realized price of $4,197 per ounce. The company's gold production totaled 36,845 ounces, a 16% increase sequentially, while net income reached $72 million, or $0.30 per basic share, and free cash flow totaled $84.8 million. The company ended the quarter with $225.7 million in cash and cash equivalents and $33 million in long-term debt, resulting in a net cash position of $192.7 million.
G Mining maintained its 2026 production guidance of 160,000 to 190,000 ounces, with approximately 61% of output expected in the second half as higher-grade Phase 2 mineralization is accessed at Tocantinzinho. The company revised full-year cash cost guidance to $836-$965 per ounce and all-in sustaining cost guidance to $1,330-$1,544 per ounce, while maintaining capital expenditure guidance. These adjustments reflect the expected cost profile as the mine transitions to higher-grade ore.
The company also provided an update on its Oko project, which remains on schedule with first gold targeted for the second half of 2027. The completed G2 Goldfields acquisition is expected to support the development of an expanded Oko gold project, positioning G Mining for growth in the mid-tier precious metals producer space. The company is anchored in mining-friendly jurisdictions, including Brazil with the Tocantinzinho Gold Mine and the Gurupi Project, and Guyana with the Oko West Project.
For investors, the second-quarter results underscore G Mining's operational execution and financial strength. The maintenance of production guidance, despite higher cost expectations, signals confidence in the company's ability to deliver on its plans. The robust balance sheet, with a net cash position, provides flexibility for continued development and potential growth opportunities.
The company's performance is particularly noteworthy given the current gold price environment, which has been favorable. With an average realized price of $4,197 per ounce, G Mining is well-positioned to generate strong cash flows. The sequential production increase of 16% indicates that the Tocantinzinho mine is ramping up as expected, and the transition to higher-grade ore in the second half is projected to boost output further.
G Mining Ventures Corp. is a mining company engaged in the development, operation, and exploration of precious metal projects. The company aims to capitalize on the value uplift from successful mine development and is well-positioned to grow into the next mid-tier precious metals producer. For more information, visit the company's newsroom at https://ibn.fm/GMINF.
