G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported preliminary first-quarter 2026 production results from its wholly owned Tocantinzinho Gold Mine in Brazil, with gold output of 31,846 ounces and sales of 33,776 ounces. The results reflect planned mining of lower-grade material as part of ongoing waste stripping and pit advancement, positioning the operation for stronger production in the second half of the year.
The operation achieved average throughput of 11,811 tonnes per day, a processed grade of 1.03 g/t gold and recovery of 90.3%. The strip ratio increased to 4.40x as the company advances toward higher-grade Phase 2 mineralization. This phase is expected to drive stronger production in the second half of 2026, supporting full-year guidance of 160,000 to 190,000 ounces.
The quarterly performance aligns with the mine's development plan, where initial production phases often involve moving lower-grade ore while stripping overburden to access higher-grade zones. Investors can view the full press release at https://ibn.fm/COcbP.
G Mining Ventures is a mining company engaged in the development, operation and exploration of precious metal projects, focused on value uplift from successful mine development. The company is positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. Its portfolio includes the Tocantinzinho Gold Mine and the Gurupi Project in Brazil, as well as the Oko West Project in Guyana.
The company trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF." For the latest news and updates relating to GMINF, visit the company's newsroom at https://ibn.fm/GMINF.
The Q1 results demonstrate that the mine is on track despite the lower-grade material processed. The increased strip ratio indicates significant waste removal, which is necessary to expose higher-grade ore in subsequent quarters. With throughput exceeding 11,800 tonnes per day, the operation shows strong processing capacity. The recovery rate of 90.3% is consistent with expectations for the ore types being processed.
Maintaining full-year guidance suggests management's confidence in the mine's ramp-up trajectory. As Phase 2 ore becomes accessible, grades are expected to improve, boosting production in the second half. This pattern is typical for open-pit mines where initial years involve lower grades before reaching the core high-grade zones.
For investors, the key metrics to watch in coming quarters will be grade improvement and cost reduction as waste stripping declines. The company's ability to deliver on its 2026 guidance will be critical for its transition from developer to mid-tier producer. The Q1 results provide a baseline for evaluating operational progress throughout the year.
