G Mining Ventures Corp. Achieves Commercial Production at Tocantinzinho Gold Mine

BROSSARD, QC, Sept. 3, 2024 /PRNewswire/ – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN) (OTCQX: GMINF) has announced a significant milestone in its mining operations with the achievement of commercial production at its Tocantinzinho Gold Mine (TZ) in Brazil. The Corporation reached business manufacturing on generation and on price range within less than two years of development.

The Tocantinzinho Gold Mine is designed to have a ten.5-year mine life with an average annual gold production of 174,700 oz and 196,200 oz for the first five full years. The mine has capitalized on the record-high gold price environment, positioning itself as a key player in the precious metals market.

Louis-Pierre Gignac, President & CEO of G Mining Ventures Corp., expressed his pride in the achievement, stating, “I am proud to announce this momentous achievement of starting commercial production at the Tocantinzinho Gold Mine. We have delivered TZ on time and on budget, with an industry-leading safety record. This achievement is the culmination of 5.8 million person-hours focused on building, testing, and ramping up production at Brazil’s newest major gold mine.”

The ramp-up of the plant is progressing according to internal production schedules, with all major equipment demonstrating the ability to perform at or above design levels. Following the initial pour in July 2024, the Company is focused on ramping up production to test the processing circuits’ ability to sustain nameplate loads, aiming to achieve nameplate throughput by Q1 2025.

In addition to the successful milestone of reaching commercial production, G Mining Ventures Corp. has outperformed GDXJ by over 120% since the development decision in September 2022, showcasing the Corporation’s strong performance in the market.

The Corporation plans to provide annual guidance for TZ in January 2025, as well as continue to focus on enhancing plant performance and achieving production and cost KPIs. With upcoming milestones such as the Initial Financial Review at the Oko West Project in September 2024 and exploration results from both the Oko West Project and TZ in the coming months, G Mining Ventures Corp. is poised for continued success in the mining sector.

For more information on G Mining Ventures Corp. and the Tocantinzinho Gold Mine, visit their website at www.gmin.gold. When it comes to investing in G Mining Ventures Corp, it is important to be aware of the risks and uncertainties that come with forward-looking statements. The Company has outlined its operational targets and goals, but there is no guarantee that these will be achieved.

The Company’s promise to succeed in nameplate throughput by Q1 2025, reach production and cost KPIs, and use TZ as its flagship asset to grow into a mid-tier precious metals producer may not come to fruition as expected. It is crucial for investors to understand that unforeseen events and risks could impact the Company’s results.

Forward-looking statements are provided to give insight into management’s expectations and plans for the future. However, it is essential not to rely too heavily on these statements as external factors could lead to different outcomes. The Company advises caution and encourages investors to review all relevant filings with securities regulators for a comprehensive understanding of the risks involved.

In conclusion, while G Mining Ventures Corp has ambitious goals and plans for growth, it is important to approach investments with a level of caution. Keeping in mind the potential risks and uncertainties associated with forward-looking statements can help investors make informed decisions.