G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported that its Oko West Gold Project in Guyana is advancing on schedule and on budget, with construction now 19.7% complete. The company has spent approximately $292 million to date, and remains on track for first gold pour in the second half of 2027, with commercial production expected in January 2028. The update, part of the company's Q1 2026 progress report, underscores the project's steady advancement amid a favorable development environment.
The Oko West project, located in the mining-friendly jurisdiction of Guyana, is a key component of G Mining Ventures' strategy to grow into a mid-tier precious metals producer. The company leverages strong access to capital and proven development expertise, as demonstrated by its track record with the Tocantinzinho Gold Mine in Brazil. The Tocantinzinho mine, which achieved commercial production in 2024, serves as a template for the Oko West development, highlighting the company's ability to execute on its project pipeline.
G Mining Ventures is also advancing the Gurupi Project in Brazil, further diversifying its asset base. The company's focus on precious metal projects in stable jurisdictions positions it to capitalize on value uplift from successful mine development. The Oko West project's progress is a critical milestone, as it represents the next major production catalyst for the company.
For investors, the Oko West update provides reassurance that the project is on track despite broader industry challenges such as inflationary pressures and supply chain disruptions. The company's disciplined capital allocation and adherence to budget are positive signals. The full press release with detailed project metrics is available at https://ibn.fm/pZEcG.
G Mining Ventures Corp. trades on the TSX under the symbol GMIN and on the OTCQX under GMINF. The company remains anchored in mining-friendly jurisdictions, including Brazil and Guyana, with a focus on development-stage projects that offer significant upside potential. Additional information and updates can be found in the company's newsroom at https://ibn.fm/GMINF.
The Oko West project's progress is a key indicator of G Mining Ventures' ability to deliver on its development pipeline, and the company's strong financial position supports continued advancement. With construction nearly 20% complete and spending within budget, the project is well-positioned to meet its upcoming milestones, ultimately contributing to the company's production growth and shareholder value.
