G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has completed its acquisition of G2 Goldfields (TSX: GTWO) (OTCQX: GUYGF) through a court-approved plan of arrangement, a move that creates what the company describes as a large-scale, fully permitted and fully financed tier-one gold mining complex in Guyana. The transaction, which closed following shareholder and court approvals, exchanged each G2 share for 0.212 GMIN common shares and 0.50 common shares of G3 Goldfields, a newly spun-out entity.
The combination of the adjacent Oko West and Oko-Ghanie deposits is expected to generate significant operational and capital synergies. GMIN highlighted that shared infrastructure, optimized mine planning, greater processing capacity and enhanced operational flexibility are among the anticipated benefits. The merged project positions GMIN to leverage its development expertise and strong access to capital, aiming to grow into the next mid-tier precious metals producer.
GMIN clarified that previously disclosed mineral resource estimates for the Oko-Ghanie Project are considered historical estimates under NI 43-101 and do not represent current mineral resources from GMIN’s perspective. The company plans to undertake additional geological modeling, data integration and drilling before issuing updated combined mineral resource estimates and a supporting technical report. Further technical studies are expected to culminate in a comprehensive report in 2027.
G Mining Ventures is primarily focused on the development, operation and exploration of precious metal projects, with current operations anchored in mining-friendly jurisdictions including Brazil and Guyana. The company’s portfolio includes the Tocantinzinho Gold Mine and the Gurupi Project in Brazil, as well as the Oko West Project in Guyana.
For more details on the acquisition, the full press release is available at https://ibn.fm/ElDvh. Further updates and news regarding GMINF can be found in the company’s newsroom at https://ibn.fm/GMINF.
