G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) and G2 Goldfields (TSX: GTWO, OTCQX: GUYGF) have entered into a definitive agreement for G Mining to acquire all outstanding shares of G2 through a court-approved plan of arrangement. The deal combines G2's Oko-Ghanie Project with G Mining's fully permitted and financed Oko West Project in Guyana, creating a large-scale, low-cost gold mining hub with life-of-mine average production potential exceeding 500,000 ounces annually.
The transaction is expected to generate significant synergies across infrastructure, operating and capital costs, mine sequencing, and permitting. Under the terms, G2 shareholders will receive 0.212 G Mining common shares for each G2 share held, along with shares in a newly created exploration company that will hold certain non-core G2 assets. The exploration company will be funded with C$45 million in cash and supported by a contingent value right tied to future resource milestones.
This strategic combination positions the merged entity to become a mid-tier precious metals producer, leveraging strong access to capital and proven development expertise. G Mining Ventures, already anchored in mining-friendly jurisdictions including Brazil and Guyana, will expand its footprint in Guyana through this acquisition. The company operates the Tocantinzinho Gold Mine and the Gurupi Project in Brazil, and the Oko West Project in Guyana.
The full press release is available at https://ibn.fm/i9Or2.
G Mining Ventures Corp. is a mining company focused on the development, operation, and exploration of precious metal projects, aiming to capitalize on value uplift from successful mine development. The company trades on the TSX under the symbol GMIN.
For more information on G Mining Ventures, visit their newsroom at https://ibn.fm/GMINF.
