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. Under the transaction, each G2 share was exchanged for 0.212 GMIN common shares and 0.50 common shares of G3 Goldfields, which was spun out as part of the arrangement.
GMIN said combining the adjacent Oko West and Oko-Ghanie deposits is expected to generate operational and capital synergies through shared infrastructure, optimized mine planning, greater processing capacity and enhanced operational flexibility. The company highlighted that the consolidation of these assets will allow for more efficient development and production, leveraging existing infrastructure and reducing overall capital expenditures.
GMIN also clarified that previously disclosed mineral resource estimates for the Oko-Ghanie Project should be considered historical estimates under NI 43-101 and not current mineral resources from GMIN’s perspective. The company said it will undertake additional geological modeling, data integration and drilling before issuing updated combined mineral resource estimates and a supporting technical report, with further technical studies expected to culminate in a comprehensive report in 2027. This approach ensures that future resource estimates will meet current industry standards and provide a reliable basis for mine planning.
The acquisition marks a significant milestone for GMIN, positioning the company to become a mid-tier precious metals producer. GMIN is already anchored in mining-friendly jurisdictions, including Brazil with the Tocantinzinho Gold Mine and the Gurupi Project, and now Guyana with the Oko West Project. The company’s proven development expertise and strong access to capital are expected to drive value creation from this expanded asset base.
For more details, the full press release is available at https://ibn.fm/ElDvh. Investors can also find the latest news and updates on GMINF in the company’s newsroom at https://ibn.fm/GMINF.
