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G Mining Ventures posts record Q1 margins, eyes 500,000 oz gold production with Oko West project progress.

Company Fundamentals
14 May 2026
Proactive Investors
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Bullish
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G Mining Ventures reported record operating margins in Q1 2026, driven by higher gold prices and strong performance at its Tocantinzinho mine in Brazil. Net income rose to $80.4 million from $24.4 million a year earlier, with revenue up to $139.9 million due to a record average gold price of $4,143 per ounce. The company is advancing its Oko West project in Guyana, with construction nearly 20% complete and first gold targeted for late 2027. G Mining also plans to acquire G2 Goldfields, aiming to boost combined annual production to over 500,000 ounces and realize over C$1 billion in synergies.

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