G Mining Ventures Reports Strong Q2 Results, Maintains 2026 Guidance

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has reported second-quarter 2026 revenue of $157.1 million, driven by sales of 37,439 ounces of gold at an average realized price of $4,197 per ounce. The company's gold production totaled 36,845 ounces, a 16% increase sequentially, underscoring the operational momentum at its Tocantinzinho mine in Brazil. Net income reached $72 million, or $0.30 per basic share, while free cash flow totaled $84.8 million, reflecting the company's ability to convert production into shareholder value.

The company ended the quarter with $225.7 million in cash and cash equivalents and $33 million in long-term debt, resulting in a net cash position of $192.7 million. This strong balance sheet provides financial flexibility as G Mining advances its growth projects. Management reaffirmed its 2026 production guidance of 160,000 to 190,000 ounces, with approximately 61% of output expected in the second half as higher-grade Phase 2 mineralization is accessed at Tocantinzinho. This timing aligns with the company's strategic plan to optimize production profiles.

However, G Mining revised its full-year cash cost guidance to $836-$965 per ounce and all-in sustaining cost (AISC) guidance to $1,330-$1,544 per ounce, reflecting inflationary pressures and mine sequencing. Despite these adjustments, the company maintained its capital expenditure guidance, indicating confidence in its project execution. The revised cost structure may impact margins in the near term but is expected to be offset by higher grades in the latter half of the year.

Beyond operations, G Mining continues to advance its Oko project in Guyana, with construction on schedule and first gold targeted for the second half of 2027. The recently completed acquisition of G2 Goldfields is expected to support the development of an expanded Oko gold project, potentially enhancing the company's long-term growth profile. This strategic move aligns with G Mining's goal of becoming a mid-tier precious metals producer, leveraging its proven development expertise and strong access to capital.

The company's performance in Q2 highlights its ability to deliver on operational targets while maintaining a robust financial position. The sequential increase in production and significant free cash flow generation demonstrate the effectiveness of its mining operations. However, the revised cost guidance indicates that inflationary pressures are affecting the industry, and G Mining is proactively managing these challenges.

Investors should note that the company's guidance for the second half of 2026 is contingent on accessing higher-grade ore, which could be subject to operational risks. Additionally, the integration of G2 Goldfields and the development of Oko will require careful execution to realize the anticipated synergies. Nevertheless, G Mining's strong quarterly results and reaffirmed production guidance provide a positive outlook for the remainder of the year.

For more details on G Mining Ventures' financial results and strategic initiatives, the full press release is available at https://ibn.fm/jd2EN. The company's latest updates and news can also be found in its newsroom at https://ibn.fm/GMINF.