G Mining Ventures Corp (STU:W97)
€ 23.31 -0.16 (-0.68%) Market Cap: 5.52 Bil Enterprise Value: 5.31 Bil PE Ratio: 18.43 PB Ratio: 3.58 GF Score: 26/100

Q1 2026 G Mining Ventures Corp Earnings Call Transcript

May 14, 2026 / 01:00 PM GMT
Release Date Price: €32.05 (-2.23%)

Key Points

Positve
  • G Mining Ventures Corp (GMINF) reported strong operational performance in Q1 2026, with production of 31,846 ounces of gold and sales of 33,776 ounces.
  • The company achieved robust financial results, with an all-in sustaining cost of $1,588 per ounce compared to an average realized gold price of $4,143 per ounce.
  • Free cash flow generated by the TZ project was $56 million, contributing to a strong cash position of $287 million and net cash of $248 million at the end of the quarter.
  • The proposed acquisition of G2 Gold Fields is expected to consolidate an entire mining district, potentially increasing production to over 500,000 ounces of gold annually.
  • The Oko West project is advancing on schedule and on budget, with significant progress in engineering and procurement, and the project remains on track for first gold in the second half of 2027.
Negative
  • Higher costs were reported in Q1 due to lower gold sales, higher gold-linked royalties, and a stronger Brazilian real, impacting the all-in sustaining cost.
  • The strip ratio increased significantly to 4.4 in Q1 2026 from 2.45 in Q4 2025, reflecting planned waste stripping activities.
  • Revenue was reduced by a $10.7 million non-cash adjustment related to the gold upstreaming agreement, impacting financial results.
  • The company is experiencing higher mining costs due to the rainy season, affecting productivity and increasing road maintenance and tire consumption costs.
  • The integration of G2 Gold Fields and the completion of the feasibility study for the combined project are dependent on ongoing infill drilling and technical studies, with completion expected by mid-2027.


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E D I T E D V E R S I O N

GMIN.TO - G Mining Ventures Corp
Q1 2026 G Mining Ventures Corp Earnings Call
May 14, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, and welcome to G Mining Ventures' First Quarter 2026 Results Conference Call.

All participants are in listen-only mode. Following prepared remarks, we will open the line for questions. Please note that today's call is being recorded. I will now turn the call over to Jean-Francois Alamond, Vice President of Investor Relations.

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Unidentified_2 [2]
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Thank you, operator, and thanks, everyone, for attending G-Mining's 2026 First Quarter Financial Results Conference Call.

In addition to myself, we have on the line Douidliad
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