G Mining Ventures to Acquire G2 Goldfields in Guyana Gold District Combination

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) and G2 Goldfields (TSX: GTWO, OTCQX: GUYGF) announced a definitive agreement under which G Mining will acquire all outstanding G2 shares in a court-approved plan of arrangement. The transaction combines G2's Oko-Ghanie Project with G Mining's fully permitted and fully financed Oko West Project in Guyana, creating what the companies describe as a large-scale, low-cost gold mining hub. The combined operation is projected to have life-of-mine average production potential exceeding 500,000 ounces annually, representing a significant consolidation in the emerging Guyana gold district.

The strategic importance of this acquisition lies in the synergies expected across infrastructure, operating and capital costs, mine sequencing and permitting. By combining adjacent projects, the companies anticipate substantial operational efficiencies that could enhance profitability and reduce development risks. The transaction structure provides G2 shareholders with 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. This exploration company will be funded with C$45 million in cash and supported by a contingent value right tied to future resource milestones, providing additional upside potential for G2 shareholders.

This consolidation comes at a time when Guyana is emerging as an important gold mining jurisdiction, with the combined entity positioned to become a dominant player in the region. The full details of the transaction are available in the official press release accessible at https://ibn.fm/i9Or2. The combination of G Mining's development expertise and financial resources with G2's exploration assets creates a stronger entity better positioned to capitalize on the growing gold market. The transaction requires court and regulatory approvals, with both companies expressing confidence in completing the arrangement to unlock value for shareholders of both companies.

The mining industry has seen increasing consolidation as companies seek to achieve scale and operational efficiencies in competitive markets. This acquisition follows that trend by creating a more substantial presence in Guyana's gold sector. The combined projects offer the potential for optimized mining operations, shared infrastructure, and coordinated development that could accelerate production timelines. Investors and industry observers can find additional information about G Mining Ventures Corp. in the company's newsroom at https://ibn.fm/GMINF. The transaction represents a strategic move that could reshape the gold mining landscape in Guyana while providing shareholders with exposure to a larger, more diversified mining company with enhanced production capabilities and growth prospects.