- G Mining Ventures (OTCQX:GMINF) reports a 20% increase in Q2 2025 gold production, reaching 42,587 ounces.
- The Tocantinzinho Gold Mine in Brazil achieves nameplate capacity, operating at 12,890 tonnes per day for 30 consecutive days.
- Gold recovery improved to 90.3% and mining rate increased by 18% to 47,900 tpd in Q2 2025.
G Mining Ventures Corp. (OTCQX:GMINF) has announced significant achievements at its Tocantinzinho Gold Mine in the State of Pará, Brazil. The mine has reached a milestone by operating at an average of 12,890 tonnes per day (tpd) for 30 consecutive days, achieving nameplate capacity.
In the second quarter of 2025, the company's gold production rose by 20%, totaling 42,587 ounces, compared to the previous quarter. This increase is accompanied by improvements in gold recovery rates, which rose to 90.3% from 87.7% in Q1 2025. Additionally, average mining rates saw an 18% boost, reaching 47,900 tpd.
The company successfully resolved previous issues with the Semi-Autogenous Grinding (SAG) mill by replacing worn-out poly-met liners with a steel liner system. This has allowed plant throughput to reach 96% of nameplate capacity in May and June.
Louis-Pierre Gignac, President & Chief Executive Officer of G Mining Ventures, expressed satisfaction with the Q2 results, highlighting the successful resolution of the SAG mill liner issues, which led to improved stability, higher throughput, and enhanced gold recoveries.
The company maintains its 2025 production guidance of 175,000 to 200,000 gold ounces. The first half of 2025 accounted for 42% of this target, with expectations to achieve the remaining 56% in the second half of the year.
G Mining Ventures plans to release its financial results for the second quarter on August 14, 2025, followed by a conference call on August 15, 2025, to further discuss these results.
