G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported preliminary second-quarter gold production of 36,845 ounces from its 100%-owned Tocantinzinho Gold Mine in Brazil, a 16% increase over the first quarter. The company also reaffirmed its 2026 production guidance of 160,000 to 190,000 ounces, signaling confidence in its operational trajectory.
Year to date, G Mining Ventures has produced 68,691 ounces of gold and sold 71,215 ounces. During the quarter, the mine processed ore at an average rate of 11,121 tonnes per day with an average gold recovery of 91.9%. The company noted that second-quarter mining reached a record 6.3 million tonnes as operations advanced waste stripping and pit development to access higher-grade Phase 2 mineralization.
The production increase is significant for G Mining Ventures as it demonstrates the ramp-up of the Tocantinzinho mine, which began commercial production in early 2024. The company expects production to be weighted toward the second half of 2026, with approximately 62% of annual output forecast for the second half. This weighting suggests that the company anticipates further operational improvements and higher-grade ore access later in the year.
G Mining Ventures plans to release its full second-quarter financial and operating results on August 12, followed by a conference call on August 13. Investors will be looking for details on costs, margins, and cash flow generation, which are crucial for assessing the company's path to becoming a mid-tier precious metals producer.
The company is well-positioned in mining-friendly jurisdictions, including Brazil with the Tocantinzinho Gold Mine and the Gurupi Project, as well as Guyana with the Oko West Project. By leveraging strong access to capital and proven development expertise, G Mining Ventures aims to capitalize on the value uplift from successful mine development.
For more information, the full press release is available at https://ibn.fm/5MjpF. Updates on G Mining Ventures Corp. can be found in the company's newsroom at https://ibn.fm/GMINF.
