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, combining adjacent gold deposits in Guyana to form a large-scale, fully permitted and fully financed tier-one gold mining complex. The transaction, announced in a press release, is expected to unlock operational and capital synergies through shared infrastructure, optimized mine planning, greater processing capacity and enhanced operational flexibility.
Under the arrangement, 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 deal. The combined entity now controls the Oko West and Oko-Ghanie deposits, which are located adjacent to each other in Guyana. The company stated that the consolidation is expected to create a more robust mining operation with improved economies of scale.
G Mining Ventures emphasized that previously disclosed mineral resource estimates for the Oko-Ghanie Project should be considered historical estimates under National Instrument 43-101 and are not current mineral resources from GMIN’s perspective. The company 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.
The acquisition positions G Mining Ventures as a significant player in the gold mining sector, leveraging its proven development expertise and strong access to capital. The company 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 trades on the TSX under the symbol “GMIN” and on the OTCQX under “GMINF.”
The completion of this transaction marks a pivotal step for G Mining Ventures as it aims to grow into the next mid-tier precious metals producer. By consolidating these assets, the company expects to capitalize on value uplift from successful mine development and operational efficiencies. The integration of the Oko West and Oko-Ghanie deposits is anticipated to reduce costs and enhance production capabilities, benefiting shareholders and stakeholders alike.
For more information about the transaction, the full press release is available at https://ibn.fm/ElDvh. Additional updates on G Mining Ventures can be found in the company’s newsroom at https://ibn.fm/GMINF.
