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G Mining Ventures to acquire G2 Goldfields, creating a major gold mining hub in Guyana.

Company Fundamentals
09 Apr 2026
Proactive Investors
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Bullish
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G Mining Ventures Corp has agreed to acquire G2 Goldfields Inc, combining their adjacent gold projects in Guyana into a single large-scale operation. The merged projects, Oko West and Oko-Ghanie, are expected to produce over 500,000 ounces of gold annually, with combined resources of about 7 million ounces. The deal values G2 at approximately C$3 billion, offering shareholders a 72% premium and shares in a new exploration company, G3 SpinCo. The integration aims to generate over C$1 billion in synergies, streamline permitting, and expand production to more than 700,000 ounces annually by 2029, with first production targeted in late 2027. The transaction is pending shareholder and court approvals and is expected to close in Q2 2026.

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