G Mining Ventures Reports Record Q3 Performance as Tocantinzinho Mine Reaches Steady State

G Mining Ventures Corp. reported exceptional third-quarter results as its Tocantinzinho mine achieved steady-state operations, producing 46,360 ounces of gold during the period. The company generated record revenues of $161.7 million and achieved net income of $123.8 million, demonstrating the operational efficiency and profitability of the Brazilian mining operation. These strong financial results were supported by an all-in sustaining cost of $1,046 per ounce, which contributed to robust margins and significant free cash flow generation of $95.8 million for the quarter.

The company's adjusted EBITDA reached $122.6 million, reflecting the mine's successful ramp-up to full production capacity. The performance at Tocantinzinho represents a defining quarter for G Mining Ventures as the operation transitions from development to steady-state production. The low-cost operational profile positions the company competitively within the gold mining sector, particularly given current gold market conditions. Management emphasized the importance of maintaining long-life, low-cost operations that can generate sustainable returns for shareholders over extended periods.

With the Tocantinzinho mine now operating at steady state, G Mining Ventures is advancing its disciplined growth strategy through self-funded development of additional projects. Construction is currently underway at the Oko West Gold Project in Guyana, while the Gurupi project continues to progress through permitting and exploration phases. The company's approach focuses on leveraging strong access to capital and proven development expertise to build a portfolio of mining assets in mining-friendly jurisdictions. Additional information about the company's performance and projects is available in their newsroom at https://ibn.fm/GMINF.

The successful quarter demonstrates G Mining Ventures' ability to execute on its development strategy and transition projects from construction to profitable operations. The strong cash flow generation provides the company with financial flexibility to fund ongoing growth initiatives without requiring additional external financing. This operational success comes at a time when the gold mining industry faces increasing pressure to demonstrate both operational efficiency and responsible mining practices. The company's performance at Tocantinzinho suggests it has established a solid foundation for continued growth and value creation in the precious metals sector.