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. The transaction, which closed on [date not specified], positions GMIN to leverage the combined potential of the adjacent Oko West and Oko-Ghanie deposits.
Under the terms of 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 transaction. GMIN said the combination is expected to yield operational and capital synergies through shared infrastructure, optimized mine planning, greater processing capacity and enhanced operational flexibility. The company views this as a strategic step toward becoming a mid-tier precious metals producer.
GMIN clarified that previously disclosed mineral resource estimates for the Oko-Ghanie Project should be considered historical under NI 43-101 and not current mineral resources from GMIN’s perspective. The company will 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.
G Mining Ventures Corp. is a mining company engaged in the development, operation and exploration of precious metal projects. The company is anchored in mining-friendly jurisdictions, including Brazil with the Tocantinzinho Gold Mine and the Gurupi Project, as well as Guyana with the Oko West Project. GMIN trades on the TSX under the symbol “GMIN” and on the OTCQX under “GMINF”. For more information, visit the company’s newsroom at https://ibn.fm/GMINF.
The full press release is available at https://ibn.fm/ElDvh.
