G Mining Ventures says Oko West on track for 2027 first gold pour as construction advances

G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF, FRA:W97) revealed operation astatine its Oko West Gold Project successful Guyana is advancing connected docket and connected budget, keeping the institution connected way for a archetypal golden determination successful the 2nd fractional of 2027 and commercialized accumulation successful January 2028.

The institution has spent astir US$292 million, oregon astir 30% of the project's archetypal superior estimation of US$973 million, since improvement activities commenced successful October 2025. Overall task completion has reached 19.7% based connected earned value, with full commitments reaching US$525 million, oregon astir 54% of archetypal capital.

"We are precise pleased with the accelerated operation advancement being made astatine Oko West, which is tracking good on-schedule for archetypal golden determination successful the 2nd fractional of 2027 and on-budget," said Louis-Pierre Gignac, G Mining’s CEO.

"Our strategy of initiating improvement activities good up of last licence receipt has delivered meaningful worth for our shareholders. By acting early, we reduced task timeline hazard and minimized inflationary impacts crossed cardinal scopes by securing procurement contracts earlier."

Key process works enactment is progressing, with grinding circuit excavation complete, shot mill foundations poured, and SAG mill pier enactment underway. Both mills are owed for transportation successful July 2026 and expected to beryllium operational by August 2027.

Power works generators are arriving astir 2 months up of schedule, with the works targeted for July 2027.

At the tailings retention facility, clearing has reached 36% completion, portion mining fleet assembly and people power drilling are besides advancing.

Detailed engineering and procurement person each reached astir 80% completion, with each large procurement packages awarded astatine oregon beneath fund prices. Capital expenditure guidance for 2026 and 2027 remains unchanged astatine US$514 cardinal to US$568 cardinal and US$217 cardinal to US$240 million, respectively.

The on-site workforce totaled 1,379 unit by the extremity of March, with Guyanese nationals comprising 82%.

The institution besides completed the acquisition of a 20% involvement successful Rock Solid International, which owns and operates the wharf and retention facilities astatine the Eccles Port Facility connected the Demerara River, securing precedence handling and preferential rates for instrumentality and materials.