G Mining Ventures Corp. (OTCQX: GMINF) reported preliminary second-quarter production of 36,845 ounces of gold from its 100%-owned Tocantinzinho Gold Mine in Brazil, a 16% increase from the prior quarter. Year to date, the company has produced 68,691 ounces of gold and sold 71,215 ounces, while maintaining its full-year production guidance of 160,000 to 190,000 ounces.
The company attributed the strong performance to record mining volumes and higher grades. During the quarter, the mine processed ore at an average rate of 11,121 tonnes per day with an average gold recovery of 91.9%. Second-quarter mining reached a record 6.3 million tonnes as operations advanced waste stripping and pit development to access higher-grade Phase 2 mineralization. This positions the mine for increased output in the second half of 2025.
G Mining Ventures expects production to be weighted toward the second half of 2025, with about 62% of annual output forecast for H2. The company plans to release its full second-quarter financial and operating results on Aug. 12, followed by a conference call on Aug. 13. The full press release is available at this link.
The Tocantinzinho mine, located in the mineral-rich Tapajós region of Brazil, began commercial production earlier this year. G Mining Ventures acquired the project as part of its strategy to become a mid-tier gold producer. The company also holds the Gurupi Project in Brazil and the Oko West Project in Guyana.
The news is significant because it demonstrates the ramp-up of a new gold mine in a favorable jurisdiction, with production trending toward the upper end of guidance. The 16% sequential increase indicates that operational improvements are taking effect, and the reaffirmed guidance provides clarity for investors. As gold prices remain elevated, the company is well-positioned to generate cash flow from the Tocantinzinho mine.
G Mining Ventures trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF." The company is focused on leveraging development expertise and access to capital to grow its production base.
