G Mining Ventures advances Oko West Gold Project with early works construction in Guyana

G Mining Ventures Corp. has taken a significant step forward in the development of the Oko West Gold Project in Guyana by commencing early works construction at the site. This phase includes extensive site preparation and key infrastructure development, setting the foundation for what could become one of the country’s largest gold mining operations.

The company, which secured an interim environmental permit from the Guyana Environmental Protection Agency, is moving ahead with initial construction activities while advancing the permitting process for a full environmental license. The Oko West Gold Project represents a critical asset within G Mining Ventures’ portfolio, and its development is being closely monitored by investors, industry analysts, and stakeholders within the gold mining sector.

What Does Early Works Construction Mean for Oko West Gold Project?

The launch of early works construction marks the transition from planning to on-the-ground execution at the Oko West Gold Project. This phase includes the development of a barge landing facility on the Cuyuní River, the establishment of a permanent camp, and the construction of essential infrastructure such as access roads, an airstrip, and utilities. These foundational elements are crucial in ensuring smooth project execution as G Mining Ventures moves toward full-scale construction.

By initiating these early-stage activities, the company aims to accelerate the development timeline of the Oko West Gold Project, positioning it for potential fast-tracked construction once key milestones—such as the completion of the feasibility study and project financing—are achieved in 2025.

Why Is the Oko West Gold Project Considered a High-Value Asset?

The Oko West Gold Project is located approximately 95 kilometers west of Georgetown, in an area with a rich history of gold mining. G Mining Ventures acquired the project in 2024 through a combination with Reunion Gold Corp., strengthening its strategic presence in South America’s gold sector.

A preliminary economic assessment conducted in 2024 highlighted the project’s robust financial metrics, including an after-tax net present value (NPV5%) of $1.4 billion, an internal rate of return (IRR) of 21%, and an estimated payback period of 3.8 years at a base case gold price of $1,950 per ounce. The operation is projected to produce an average of 353,000 ounces of gold annually over a 12.7-year mine life, with an all-in sustaining cost (AISC) of $986 per ounce.

These figures reinforce the Oko West Gold Project as a high-margin gold asset, well-positioned to contribute to G Mining Ventures’ long-term growth strategy while supporting Guyana’s economic development through job creation and infrastructure investment.

What Are the Next Steps for Oko West Gold Project Development?

G Mining Ventures has outlined a clear roadmap for the continued development of the Oko West Gold Project. The company expects to release a feasibility study in the second quarter of 2025, which will refine resource estimates, provide a comprehensive construction plan, and assess the overall economic viability of the project.

If the feasibility study yields positive results, G Mining Ventures plans to finalize project financing and secure the remaining regulatory approvals in the second half of 2025. A formal construction decision is expected later in the year, allowing for a transition to full-scale mine development.

In parallel, the company is conducting detailed engineering studies and exploring additional mineralization potential within the Oko West Gold Project area. This includes both greenfield and brownfield exploration activities aimed at further enhancing the project’s long-term resource potential.

How Does Oko West Fit Into Guyana’s Growing Gold Mining Industry?

Guyana has emerged as an increasingly attractive jurisdiction for gold mining, driven by favorable geology, a pro-mining regulatory framework, and significant foreign investment. The Oko West Gold Project is part of the country’s broader push to expand its mineral resource sector and attract international mining companies seeking high-grade gold deposits.

Historically, the Oko West Gold Project area has been the subject of extensive geological surveys. In 2002, the Guyana Geology and Mines Commission identified gold anomalies in stream sediment samples from the region. Subsequent exploration efforts by Reunion Gold in 2018 confirmed the presence of high-grade mineralization, leading to further resource delineation and the eventual integration of the project into G Mining Ventures’ asset portfolio.

With Guyana’s gold sector continuing to attract major investment, the successful development of Oko West could position G Mining Ventures as a key player in the country’s mining industry while contributing to the local economy through job creation, infrastructure development, and export revenues.

What Are the Implications for Investors and Market Sentiment?

G Mining Ventures trades on the Toronto Stock Exchange (TSX: GMIN) and the OTCQX (GMINF), making its stock accessible to both institutional and retail investors. Market sentiment toward the company has been closely tied to the progress of the Oko West Gold Project, with analysts monitoring key milestones such as the feasibility study, financing developments, and the final investment decision.

Gold prices remain a critical factor influencing the project’s attractiveness. Should gold prices remain strong throughout 2025, the Oko West Gold Project could generate substantial investor interest due to its low-cost, high-margin production profile.

Additionally, given the rising global demand for gold as a hedge against economic uncertainty, assets such as Oko West could become increasingly valuable in an environment where investors seek exposure to stable and profitable gold mining operations.

What Challenges Remain for Oko West Gold Project?

While the early works construction phase signals strong progress, several challenges remain before the Oko West Gold Project can enter full-scale production. Securing project financing will be a critical step, as will obtaining the final environmental license from the Guyana Environmental Protection Agency.

Additionally, logistical factors such as infrastructure readiness, supply chain management, and workforce development will play essential roles in determining the project’s long-term success. G Mining Ventures will need to navigate these complexities while maintaining strict environmental, social, and governance (ESG) standards to ensure responsible mining practices.

What’s Next for G Mining Ventures and Oko West Gold Project?

With early works construction progressing, G Mining Ventures remains on track to deliver key project milestones throughout 2025. If the feasibility study supports a robust economic case and financing efforts align with expectations, full-scale construction could begin by late 2025, setting the stage for gold production in the coming years.

The Oko West Gold Project represents a high-potential, low-cost mining asset, and its successful development could solidify G Mining Ventures’ position as a leader in South America’s gold mining sector. Investors and industry observers will continue to monitor the company’s progress as it advances one of the region’s most promising gold projects toward production.