JUNIORMETRICS

G Mining Ventures Corp.

GMINF·GMIN·US$31.83 (CAD 44.75)·US$9.4B cap
GoldMulti-asset portfolio (Tocantinzinho Gold Mine flagship; Oko West Gold Project; Oko-Ghanie Gold Project; Gurupi Project) Map

G Mining Ventures operates the 100%-owned Tocantinzinho open-pit gold mine in Para State, Brazil, targeting 2026 gold production of 160,000-190,000 ounces at an all-in sustaining cost of US$1,230-1,444 per ounce. GMIN is also advancing the Oko West gold project in Guyana (acquired via its 2024 purchase of Reunion Gold Corporation), which it consolidated with the neighboring Oko-Ghanie project on July 29, 2026 by completing its acquisition of G2 Goldfields Inc. via a court-approved plan of arrangement, creating a single Tier-1 Oko Project.

Notable vs. Peers

  • Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.8/10.

Lifecycle Milestones

Grassroots
Resource Def.
PEA
PFS
Feasibility
Permitting
Construction
ProductionCurrent

Construction Milestones

5 of 5 reached
  1. Sep 2022 · Source
  2. Sep 2022 · Source
  3. Sep 2022 · Source
  4. Jul 2024 · Source
  5. Sep 2024 · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

Prior Ownership & Infrastructure
Tocantinzinho Gold Mine, Para State, Brazil
Existing MillTailings FacilityRoad AccessGrid Power10/10 built out
Oko-Ghanie Gold Project, Cuyuni Mining District, Guyana
Road Access3 of 4 checked, 1 in place

Not in place: mill, tailings facility. Not yet determined: grid power.

Combined view across 4 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.

Combined resource
9.2M oz Au
Sum of 3 of 4 projects with a disclosed figure; others not yet researched
IRR, per project
  • 24%Tocantinzinho Gold Mine, Para State, Brazil
Each project's own figure -- IRR is not additive across independent projects, so these are never combined
Mine life, per project
  • 10.5 yrsTocantinzinho Gold Mine, Para State, Brazil
Each project's own figure -- independent mine lives are never added or averaged
Combined NPV, by discount-rate basis
$622M
At 5% discount rate -- Tocantinzinho Gold Mine, Para State, Brazil
6.9/10
Weak track recordStrong track record
6.9/10 vs.
5.9/10
Thin runwayWell-capitalized
5.9/10 vs.
How this is calculated
5.5/10
Weaker depositStronger deposit
5.5/10 vs.
How this is calculated
7.4/10
Harder place to buildEasier place to build
7.4/10 vs.
What goes into it
  • Jurisdiction (40%)6/10

    Brazil is a large, established mining jurisdiction with a mature regulatory framework, but carries moderate permitting, currency, and fiscal-policy risk relative to Canada/US/Australia.

  • Infrastructure (40%)10/10

    A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Tocantinzinho Gold Mine, Para State, Brazil.

  • Nearby producing mine (20%)Not yet researched

    No producing mine within 50 km in our reference list (nearest listed: Palito / Coringa (Serabi Gold plc), 63 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.

6.4/10
Weaker profileStronger profile
6.4/10 vs.
Price Chart
$12.72$24.03$35.12$30.22$32.75AugDecAprJulOct
Aug 12, 2025 – Oct 20, 2026
News
$31.83
+80%from low-23.2%from high
$17.68$41.42
See who ↓
24.8%
Low alignmentHigh alignment
24.8% vs.
See who ↓
49.5%
Low alignmentHigh alignment
49.5% vs.
$9.4B
Far belowFar above
$9.4B vs. $541.2M peer median
Price (USD - Local)
US$31.83 (CAD 44.75)
Cash Position (USD)
$225.7M
Far belowFar above
$225.7M vs. $91.1M peer median
Debt (USD)
$33M
Far aboveFar below
$33M vs. $6.2M peer median
$9.2B
Far belowFar above
$9.2B vs. $457.8M peer median
296.3M
Far aboveFar below
296.3M vs. 336.8M peer median
Jurisdiction
Brazil
9,165,000 oz
Feeds Deposit Quality score
Measured927,000 oz
Indicated8,238,000 oz
Inferrednot scored1,174,000 oz
Total resource10,339,000 oz
Far belowFar above
9.2M oz vs. 1.3M oz peer median
Compares M&I only — Inferred isn't compared or scored.
$1,007.94/oz
M&I
Total resource (incl. Inferred)$893.49/oz
Peer median $67.95/oz
Far aboveFar below
$1,007.94/oz vs. $132.92/oz peer median
0.0487 oz/tCut-off: Per project (YE2025 Mineral Resources, US$1,950/oz): Tocantinzinho 0.35 g/t Au tailings / 0.47 saprolite / 0.39 rock; Oko West open pit 0.38 rock / 0.34 transition / 0.30 saprolite-alluvium-colluvium, underground 1.35 g/t Au; Gurupi 0.34 transition / 0.35 rock (Cipoeiro Contact and Blanket), 0.36 / 0.37 (Chega Tudo)
Far belowFar above
0.0487 oz/t vs. 0.0379 oz/t peer median
Open pit
10.5 yrs2021 study
Far belowFar above
10.5 yrs vs. 11.1 yrs peer median
$1,588/oz
See projects ↓
See projects ↓
See projects ↓
$1,600/oz61% below spot ($4,114/oz)2021 study
See projects ↓
24.8%
0%100%
24.8% vs. 12.1% peer median
49.5%
0%100%
49.5% vs. 3.3% peer median
63 kmfrom Serabi Gold plc's Palito / Coringa
Outside typical bolt-on range
$35.1M
Far belowFar above
$35.1M vs. $52.7M peer median
$0.119
Far belowFar above
$0.119 vs. $0.164 peer median
268.40x
Far aboveFar below
268.40x vs. 22.67x peer median
-$162.2M
Far belowFar above
-$162.2M vs. $592.2M peer median
-$0.547
Far belowFar above
-$0.547 vs. $2.11 peer median

Acquisition Susceptibility

How this is calculated
5.6/10
Unlikely bolt-onFits the takeout profile

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.

How this score is built

  • Disclosed pending deal
    Sub-score: Not scored

    No pending acquisition or merger disclosed (checked)

    Not scored: having no deal in flight isn't held against a company.

    Weight 26.25%
  • Producer's strategic stake
    Sub-score: Not yet researched

    Holder register not researched yet

    Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.

    Weight 25%
  • Distance to a producing mine
    Sub-score:
    4.6/10

    Nearest producing mine: Palito / Coringa (Serabi Gold plc), 63 km

    10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.

    Weight 22.5% · 46% here
  • Lifecycle stage
    Sub-score:
    5.5/10

    Stage: Production

    Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.

    Weight 15% · 31% here
  • Jurisdiction
    Sub-score:
    6/10

    Brazil: jurisdiction score 6/10

    Our jurisdiction score, used as is: higher means lower political and permitting risk.

    Weight 6.75% · 14% here
  • Commodity
    Sub-score:
    10/10

    Primary commodity: Gold

    Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.

    Weight 4.5% · 9% here

Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.

Overall Score Trend
+3.2% since 2026-07-26 · -9.9% from peak

Your Rankings

Community Sentiment
—SELLINGBUYING
CategoryCommunityYour Ranking
Overall— (0) 
Management— (0) 
Financials— (0) 
Jurisdiction— (0) 
Project Quality— (0) 

Management Team

President, Chief Executive Officer and Director of G Mining Ventures Corp. since Nov 2020 (via a Change of Management Agreement that converted the former Kanadario Gold Inc. into GMIN). More than 20 years of mining industry experience in project development, open-pit expertise, financial modeling and economic evaluation. Before GMIN, Co-President of G Mining Services Inc. (GMS), a family-owned mining engineering and construction consultancy -- GMIN and GMS remain formally separate, arm's-length companies under a Master Services Agreement. Independent Director of Major Drilling Group International Inc. since 2018; Director of Avala Resources Ltd. since 2015. Bachelor of Mining Engineering, McGill University; Master's (Applied Science, Industrial Engineering), Ecole Polytechnique de Montreal; CFA Charterholder.

Vice President, Finance and Chief Financial Officer of G Mining Ventures Corp. since 16 Dec 2020 -- CPA, CA (Quebec, since 1998), with 20 years of mining-industry finance experience across multiple jurisdictions and major mining companies. After 4 years at Raymond Chabot Grant Thornton, joined Cambior Inc. as Senior Accounting Analyst, then held positions of increasing responsibility with Niobec Inc. (2004-2008), IAMGOLD's Essakane S.A. subsidiary in Burkina Faso (2008-2014, linked to IMG), Newmont Suriname, LLC (2014-2017, linked to NEM), and Aurelian Ecuador S.A., a Lundin Gold Inc. subsidiary (2017-2020, linked to LUG), before joining GMIN.

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money

Not scored. Smart-money tracking covers companies below about US$5B in market cap, where a single specialist fund or strategic investor taking a stake is a meaningful signal. This company was above that size when it was assessed.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

G Mining Ventures' producing flagship is the Tocantinzinho gold mine in Para, Brazil; it also holds the Oko West and Gurupi projects, which together hold about 79% of the company-wide resource. Tocantinzinho's feasibility-study economics are shown on its project row.

Recent News

Analyst ViewsFree Cash FlowMiningPrice TargetPrice TargetSplit