G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) provided a first-quarter 2026 progress update on its Oko West Gold Project in Guyana, confirming construction is 19.7% complete with approximately $292 million spent to date. The company stated the project remains on schedule and on budget, targeting first gold pour in the second half of 2027 and commercial production in January 2028.
The update underscores GMIN's ability to execute large-scale mine development, a key differentiator as it aims to become a mid-tier precious metals producer. The Oko West project is a cornerstone asset, located in the mining-friendly jurisdiction of Guyana, which has seen increased investment in recent years. The company's proven development expertise and strong access to capital are critical advantages in advancing the project through construction.
According to the press release, the project's progress aligns with previously announced timelines and cost estimates, providing investors with confidence in management's execution capabilities. The $292 million spent represents a significant portion of the total capital expenditure, with the remaining construction activities focused on key infrastructure and processing facilities.
G Mining Ventures is also advancing other assets, including the Tocantinzinho Gold Mine and the Gurupi Project in Brazil. The company's strategy involves developing and operating precious metal projects to capture value uplift from successful mine development. The Oko West project is expected to contribute significantly to GMIN's production profile, positioning it as a notable player in the gold mining sector.
Investors and stakeholders can access the full press release for more detailed information at https://ibn.fm/pZEcG. For ongoing updates, the company's newsroom is available at https://ibn.fm/GMINF.
The announcement comes as the gold price remains elevated, supporting the economics of new projects. G Mining Ventures' ability to deliver Oko West on budget and schedule could enhance its reputation among investors and pave the way for future growth. The company trades on the TSX under the symbol “GMIN” and on the OTCQX under “GMINF”.
