G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported second-quarter 2026 revenue of $157.1 million, driven by sales of 37,439 ounces of gold at an average realized price of $4,197 per ounce. The company's gold production totaled 36,845 ounces, a 16% increase sequentially, reflecting operational improvements at its Tocantinzinho mine in Brazil. Net income reached $72 million, or $0.30 per basic share, and free cash flow totaled $84.8 million. The company ended the quarter with $225.7 million in cash and cash equivalents and $33 million in long-term debt, resulting in a net cash position of $192.7 million.
G Mining maintained its 2026 production guidance of 160,000 to 190,000 ounces, with approximately 61% of output expected in the second half as higher-grade Phase 2 mineralization is accessed at Tocantinzinho. The company revised its full-year cash cost guidance to $836-$965 per ounce and all-in sustaining cost (AISC) guidance to $1,330-$1,544 per ounce, while keeping capital expenditure guidance unchanged. This guidance reflects the company's confidence in its operational strategy and its ability to manage costs effectively in a dynamic gold price environment.
Construction at the Oko West Project in Guyana remains on schedule, with first gold targeted for the second half of 2027. The recently completed acquisition of G2 Goldfields is expected to support the development of an expanded Oko gold project, which could enhance the company's long-term growth profile. The company's focus on development and exploration in mining-friendly jurisdictions positions it well to capitalize on the value uplift from successful mine development.
The strong quarterly results and maintained guidance underscore G Mining's trajectory toward becoming a mid-tier precious metals producer. For investors, this news provides reassurance about the company's operational execution and financial health. The company's ability to generate free cash flow and maintain a solid cash position suggests it is well-positioned to fund its growth projects, including the Oko expansion, without significant dilution.
Industry analysts view the maintained production guidance as a positive signal, especially given the company's sequential production growth and the expected ramp-up in the second half of the year. The upward revision in cost guidance reflects current market conditions, including inflationary pressures on labor and materials, but the company's net cash position provides a buffer against potential volatility.
G Mining Ventures Corp. is a mining company engaged in the development, operation and exploration of precious metal projects. The company is anchored in Brazil and Guyana, with the Tocantinzinho Gold Mine and the Gurupi Project in Brazil, and the Oko West Project in Guyana. The company trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF".
For more information on G Mining Ventures, visit the company's newsroom at https://ibn.fm/GMINF. The full press release is available at https://ibn.fm/jd2EN.
