- G Mining Ventures (OTCQX:GMINF) sees a 20% increase in gold production in Q2 2025 at its Tocantinzinho Gold Mine.
- The processing plant reached 12,890 tonnes per day over 30 consecutive days, achieving 96% of nameplate capacity post-upgrade.
- Gold production targets for 2025 are reaffirmed at 175,000 to 200,000 ounces.
G Mining Ventures Corp. (OTCQX:GMINF) announced significant advancements in operations at the Tocantinzinho Gold Mine located in Brazil's State of Pará, achieving a critical milestone by reaching an average processing rate of 12,890 tonnes per day over 30 days. In the second quarter of 2025, gold production increased by 20% from Q1, resulting in an output of 42,587 ounces. This was bolstered by improved gold recovery rates, which were up to 90.3% from 87.7% in the previous quarter.
The company resolved earlier challenges with the SAG mill liner by replacing rubber poly-met liners with a steel liner system in April 2025. This strategic upgrade resulted in the mill achieving 96% of its nameplate capacity in May and June. In terms of mining operations, G Mining Ventures reported an 18% increase in the average mining rate, reaching 47,900 tonnes per day.
Despite previous setbacks due to above-average rainfall, the implementation of advanced equipment and systems has been instrumental in actualizing production efficiency. The company remains on course with its annual production guidance, projecting between 175,000 and 200,000 gold ounces for 2025. First-half 2025 production reached 78,165 ounces, slightly below the planned 44% of annual guidance but indicative of steady progress towards the full-year goals.
G Mining Ventures continues to focus on further operational improvements and strategic initiatives, positioning itself as a robust player in the precious metals sector. The company plans to share more detailed financial results and updates during its upcoming earnings conference call scheduled for August 15, 2025.
