G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported second-quarter revenue of $157.1 million, driven by gold sales of 37,439 ounces at an average realized price of $4,197 per ounce. Gold production totaled 36,845 ounces, a 16% sequential increase, while net income reached $72 million, or $0.30 per basic share, and free cash flow totaled $84.8 million. The company ended the quarter with $225.7 million in cash and cash equivalents and $33 million in long-term debt, resulting in a net cash position of $192.7 million.
Maintaining its 2026 production guidance of 160,000 to 190,000 ounces, G Mining expects approximately 61% of output in the second half as higher-grade Phase 2 mineralization is accessed at Tocantinzinho. The company revised its full-year cash cost guidance to $836-$965 per ounce and all-in sustaining cost guidance to $1,330-$1,544 per ounce, while keeping capital expenditure guidance unchanged. Construction at Oko remains on schedule, with first gold targeted for the second half of 2027. The completed G2 Goldfields acquisition is expected to support development of an expanded Oko gold project.
These results underscore G Mining's operational strength and strategic positioning as it advances toward becoming a mid-tier precious metals producer. The company's strong cash position and disciplined cost management provide a solid foundation for future growth. With the Tocantinzinho mine ramping up and the Oko project progressing, G Mining is well-positioned to capitalize on favorable gold prices and deliver long-term shareholder value.
