G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has completed its acquisition of G2 Goldfields (TSX: GTWO) (OTCQX: GUYGF) through a court-approved plan of arrangement, creating what the company describes as a large-scale, fully permitted and fully financed tier-one gold mining complex in Guyana. The transaction, which closed after receiving all necessary approvals, combines the adjacent Oko West and Oko-Ghanie deposits, a move expected to unlock significant operational and capital synergies through shared infrastructure, optimized mine planning, greater processing capacity and enhanced operational flexibility.
Under the terms of the arrangement, each G2 Goldfields share was exchanged for 0.212 common shares of GMIN and 0.50 common shares of G3 Goldfields, a newly spun-out company. The combined entity now holds a dominant position in the Guiana Shield, a prolific gold-producing region. GMIN emphasized that the integration of these contiguous deposits will create a mining complex with expanded scale and efficiency, positioning the company for production growth and cost optimization.
The company also clarified that previously disclosed mineral resource estimates for the Oko-Ghanie Project, historically reported by G2 Goldfields, should be considered historical estimates under National Instrument 43-101 and are not current mineral resources from GMIN’s perspective. To bring the estimates up to current standards, GMIN plans to undertake additional geological modeling, data integration and drilling before issuing updated combined mineral resource estimates and a supporting technical report. Further technical studies are expected to culminate in a comprehensive report in 2027, providing a detailed roadmap for the development of the complex.
G Mining Ventures is a mining company focused on the development, operation and exploration of precious metal projects, aiming to capitalize on value uplift from successful mine development. The company is well-positioned to grow into the next mid-tier precious metals producer, leveraging strong access to capital and proven development expertise. Its portfolio includes the Tocantinzinho Gold Mine and the Gurupi Project in Brazil, and now the Oko West Project in Guyana, all in mining-friendly jurisdictions.
The acquisition marks a strategic milestone for GMIN, as it consolidates a district-scale land package with significant exploration upside. By integrating the two projects, the company expects to enhance operational flexibility and processing capacity, leading to improved economics compared to standalone development. The shared infrastructure between the Oko West and Oko-Ghanie properties, including potential access to existing facilities, is expected to reduce capital expenditures and shorten development timelines.
Investors and stakeholders can find the full press release detailing the transaction at https://ibn.fm/ElDvh. For ongoing updates on G Mining Ventures, visit the company's newsroom at https://ibn.fm/GMINF.
