G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported preliminary first-quarter 2026 production results from its wholly owned Tocantinzinho Gold Mine in Brazil, with gold output of 31,846 ounces and sales of 33,776 ounces. The results reflect planned mining of lower-grade material as part of ongoing waste stripping and pit advancement. The operation achieved average throughput of 11,811 tonnes per day, a processed grade of 1.03 g/t gold and recovery of 90.3%, while the strip ratio increased to 4.40x as the company advances toward higher-grade Phase 2 mineralization.
The company stated that the lower-grade throughput is consistent with the mine plan, and that stronger production is expected in the second half of 2026 as Phase 2 ore becomes available. This supports the full-year guidance of 160,000 to 190,000 ounces. The results underscore the company's ability to maintain operational stability during a transitional mining phase, which is crucial for investors monitoring production consistency and cost management.
The announcement is significant because it provides a transparent view of the mine's ramp-up trajectory. The Tocantinzinho Gold Mine, which began commercial production in late 2024, is G Mining Ventures' flagship asset and a key driver of its growth strategy. The company is positioning itself as a mid-tier precious metals producer, with additional projects in Guyana and Brazil. The production numbers reinforce confidence in the company's operational execution, especially as it navigates the strip ratio increase that typically precedes access to higher-grade zones.
For investors, the key takeaway is that the first-quarter performance, while lower than the average quarterly run rate needed to hit the mid-point of guidance, is in line with expectations. The company's ability to maintain recovery rates above 90% and throughput near design capacity (12,000 tpd) indicates that the processing plant is performing well. The focus now shifts to the second half, when the mine is expected to access the higher-grade Phase 2 ore, which should lift production and lower unit costs.
To view the full press release, visit https://ibn.fm/COcbP. For the latest news and updates relating to GMINF, see the company’s newsroom at https://ibn.fm/GMINF.
G Mining Ventures Corp. is a mining company engaged in the development, operation and exploration of precious metal projects. The company is anchored in mining-friendly jurisdictions: Brazil, with the Tocantinzinho Gold Mine and the Gurupi Project, and Guyana, with the Oko West Project. GMIN trades on the TSX under the symbol "GMIN".
