G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) and G2 Goldfields (TSX: GTWO, OTCQX: GUYGF) have entered into a definitive agreement under which G Mining will acquire all outstanding shares of G2 through a court-approved plan of arrangement. This transaction 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 a combined life-of-mine average production potential exceeding 500,000 ounces annually.
The merger is expected to unlock significant synergies across infrastructure, operating and capital costs, mine sequencing, and permitting. By consolidating these neighboring properties, the combined entity can optimize development and reduce costs. Under the deal 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 holding certain non-core G2 assets. The transaction is supported by C$45 million in cash and a contingent value right tied to future resource milestones.
This acquisition positions G Mining to become a mid-tier precious metals producer with a strong portfolio in mining-friendly jurisdictions. The company already operates the Tocantinzinho Gold Mine and the Gurupi Project in Brazil, along with the Oko West Project in Guyana. The addition of G2's assets accelerates G Mining's growth strategy and enhances its production profile.
For more details on the press release, visit https://ibn.fm/i9Or2. G Mining Ventures trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF." Latest news and updates are available in the company's newsroom at https://ibn.fm/GMINF.
The consolidation of these gold projects in Guyana is significant because it creates one of the region's largest gold mining hubs, with potential to deliver substantial production and cost efficiencies. For investors, the transaction offers exposure to a combined entity with strong growth prospects and a clear path to becoming a mid-tier producer.
