G Mining Ventures Approves Full Construction of $973 Million Oko West Gold Project in Guyana

G Mining Ventures Corp. has received board approval for full construction of its 100%-owned Oko West Gold Project in Guyana following the completion of key permitting and financing milestones. The $973 million project represents a critical step in the company's evolution toward becoming an intermediate gold producer, with detailed engineering already 36% complete and procurement commitments reaching $334 million, accounting for 33% of the total budget.

Louis-Pierre Gignac, President and CEO of G Mining Ventures, emphasized the significance of this development, stating that the official launch of construction marks a major milestone in the company's growth trajectory. The company plans to employ the same disciplined, self-perform approach that successfully delivered the Tocantinzinho project safely, on time and within budget. Early construction works are reportedly advancing according to schedule, positioning the project for first gold production in the second half of 2027.

The Oko West Gold Project strengthens G Mining Ventures' portfolio alongside its existing TZ Gold Mine in Brazil, both located in mining-friendly jurisdictions known for their mineral potential. The company's strategy focuses on capitalizing on value uplift through successful mine development, leveraging strong access to capital and proven development expertise to grow into a mid-tier precious metals producer. Additional information about the company's developments can be found at https://ibn.fm/GMINF.

This construction approval comes at a time when global gold demand remains strong, with the project positioned to contribute significantly to regional economic development in Guyana while strengthening G Mining Ventures' production profile. The substantial financial commitment and advanced project planning demonstrate the company's confidence in the Oko West project's potential to deliver long-term value to stakeholders through disciplined execution and operational excellence.