G Mining Ventures Completes US$80 Million Drawdown to Advance Oko Gold Project

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has completed the first US$80 million drawdown under its previously announced US$350 million revolving credit facility, providing significant funding to support development of its 100%-owned Oko Gold Project in Guyana. The proceeds were strategically used to repay an equivalent senior secured term loan previously provided by Franco-Nevada GLW Holdings Corp., a move that generates substantial annual interest savings of approximately US$1.5 million for the mining company.

Julie Lafleur, Vice President of Finance and CFO, emphasized the strategic importance of this refinancing initiative, stating that it represents another step in optimizing the company's capital structure and improving capital efficiency. This financial maneuver allows G Mining Ventures to strengthen its balance sheet while simultaneously advancing development activities at both its Oko West and Tocantinzinho operations. The company maintains access to additional capital through its remaining US$270 million available under the revolving credit facility, providing financial flexibility for future project development and operational requirements.

The Oko Gold Project represents a significant asset in G Mining Ventures' portfolio, located in the mining-friendly jurisdiction of Guyana. The company's current operational footprint includes both the TZ Gold Mine in Brazil and the Oko West Gold Project in Guyana, positioning the organization for growth in the precious metals sector. Additional information about the company's activities and financial performance is available through its corporate communications at https://ibn.fm/GMINF. The completion of this substantial financing arrangement demonstrates G Mining Ventures' ability to access capital markets effectively while implementing strategic financial management practices that enhance shareholder value through improved operational efficiency and reduced financing costs.