G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported preliminary second-quarter gold production of 36,845 ounces from its wholly-owned Tocantinzinho Gold Mine in Brazil, representing a 16% increase from the first quarter. The company also reaffirmed its full-year 2026 production guidance of 160,000 to 190,000 ounces, with production expected to be weighted toward the second half of the year.
Year to date, G Mining Ventures has produced 68,691 ounces of gold and sold 71,215 ounces. During the second quarter, the Tocantinzinho mine processed ore at an average rate of 11,121 tonnes per day with an average gold recovery of 91.9%. The company noted that second-quarter mining reached a record 6.3 million tonnes as operations advanced waste stripping and pit development to access higher-grade Phase 2 mineralization.
The production increase and maintained guidance underscore the company's operational progress and ability to ramp up output, which is crucial for its growth trajectory. G Mining Ventures plans to release its full second-quarter financial and operating results on August 12, followed by a conference call on August 13. The full press release is available at https://ibn.fm/5MjpF.
G Mining Ventures Corp. is a mining company focused on the development, operation, and exploration of precious metal projects. The company is positioned to grow into a mid-tier precious metals producer by leveraging access to capital and proven development expertise. Its operations are in mining-friendly jurisdictions: Brazil, with the Tocantinzinho Gold Mine and the Gurupi Project, and Guyana, with the Oko West Project. GMIN trades on the TSX under the symbol “GMIN”. The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF.
