Live-nieuws • 18h
G Mining Ventures Finalizes G2 Goldfields Acquisition Creating Large Gold Mining Complex G Mining Ventures has closed its plan of arrangement to acquire all issued and outstanding shares of G2 Goldfields, making G2 a wholly owned subsidiary and triggering the delisting of G2 shares from the Toronto Stock Exchange and OTCQX, while G3 Goldfields has completed a spin out and applied to list on the Canadian Securities Exchange.
The deal consolidates adjacent deposits into what the companies describe as a large, low cost, tier one gold mining complex that is expected to create operational and capital synergies across the combined asset base.
G Mining Ventures shares trade at about CA$40.92, with the stock down roughly 13.1% over the past 90 days, which gives a sense of how the market has recently treated the company as it moves through this transaction.
The key read through is that G Mining Ventures now controls a larger, more integrated gold project. The real test will be how efficiently it can combine operations and deliver the projected synergies. Aankondiging • Jul 29
G Mining Ventures Corp. (TSX:GMIN) completed the acquisition of G2 Goldfields Inc. (TSX:GTWO) from Ithaki Limited and others. G Mining Ventures Corp. (TSX:GMIN) entered into a definitive agreement to acquire G2 Goldfields Inc. (TSX:GTWO) from Ithaki Limited and others for approximately CAD 2.8 billion on April 9, 2026. G2 shareholders will receive 0.212 GMIN common shares for each G2 common share held. G2 shareholders will also receive common shares in a newly created gold explorer (“G3 SpinCo”) that will hold interests in the Tiger Creek property, Peters Mine property and Property B. Upon completion of the Transaction, existing GMIN and G2 shareholders will own approximately 80.1% and 19.9% of GMIN, respectively, and G2 shareholders will also own 100% of G3 SpinCo. The G2 shares are expected to be de-listed from the Toronto Stock Exchange and will cease to be quoted on the OTCQX. G2 will also apply to cease to be a reporting issuer under applicable Canadian securities laws. In case of termination of transaction G2 Goldfields Inc. will pay a termination fee of CAD 121 million.
The transaction is subject to court approval, third party approval, approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by acquirer board and approval of offer by target shareholders. The Board of Directors of G2 Goldfields Inc. formed a special committee for the transaction. The deal has been unanimously approved by both the boards. The merger is expected to complete in Q2, 2026. On June 16, 2026, the transaction has been approved by the shareholders of G2 Goldfields Inc. The transaction is still subject to the satisfaction or waiver of the remaining customary closing conditions, including receipt of the approval of the Ontario Superior Court of Justice and is expected to close in July 2026. On June 22, 2026, the Ontario Superior Court of Justice has granted the final order in connection with the transaction. As of July 13, 2026, the parties are actively working through the remaining closing conditions, which are expected to be completed by the end of July 2026. Closing of the arrangement will follow shortly thereafter.
BMO Capital Markets and National Bank of Canada Financial Markets acted as financial advisor for G Mining Ventures Corp and its board of directors. Howard Levine and Patrick Menda of Blake, Cassels & Graydon LLP acted as legal advisor for G Mining Ventures Corp. ATB Cormark Capital Markets acted as financial advisor and fairness opinion provider for G2 Goldfields Inc and its special committee. Canaccord Genuity Corp. acted as financial advisor and fairness opinion provider for G2 Goldfields Inc and its board of directors. Jay Goldman, Lindsay Clements, Jasmine Qin, Zahra Nurmohamed, Tera Li Parizeau, and Davit Akman of Cassels Brock & Blackwell LLP acted as legal advisor for G2 Goldfields Inc. Thomas M. Rose, Shona Smith, Mark A. Goldsmith, Morgan Klinzing, and Joel M. Post of Troutman Pepper Locke LLP acted as legal advisors for G Mining Ventures Corp.
G Mining Ventures Corp. (TSX:GMIN) completed the acquisition of G2 Goldfields Inc. (TSX:GTWO) from Ithaki Limited and others on July 29, 2026. Upon completion of the arrangement, G Mining Ventures Corp. beneficially owns, or exercises control or direction over all of the issued and outstanding G2 Goldfields Shares such that G2 Goldfields has become a wholly-owned subsidiary of G Mining Ventures Corp. Major Estimate Revision • Jul 16
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$768.6m to US$697.4m. EPS estimate also fell from US$1.69 per share to US$1.31 per share. Net income forecast to grow 4.3% next year vs 23% growth forecast for Metals and Mining industry in Canada. Consensus price target of CA$61.50 unchanged from last update. Share price fell 12% to CA$37.86 over the past week. Live-nieuws • Jul 10
G Mining Ventures Delivers 16% Q2 Gold Output Growth and Advances Key Project Permits G Mining Ventures reported Q2 2026 gold production of 36,845 ounces at its Tocantinzinho mine in Brazil, a 16% increase compared with Q1, and kept its 2026 full-year production guidance of 160,000 to 190,000 ounces unchanged.
The company highlighted progress across its project pipeline, including an Environmental Permit and detailed engineering work at the Oko West Gold Project in Guyana, and regulatory developments at the Gurupi Project in Brazil that enable new environmental licensing.
G Mining Ventures shares trade at CA$42.78, with the stock up 12.1% year to date.
The update shows G Mining Ventures currently producing at Tocantinzinho while also moving Oko West and Gurupi through permitting and engineering stages, which concentrates execution risk in construction, licensing and operational performance across multiple jurisdictions. Aankondiging • Jul 09
G Mining Ventures Corp. to Report Q2, 2026 Results on Aug 12, 2026 G Mining Ventures Corp. announced that they will report Q2, 2026 results After-Market on Aug 12, 2026 Aankondiging • Jun 27
G Mining Ventures Corp. Announces Changes to Its Board, Effective from June 26, 2026 G Mining Ventures Corp. at its annual general and special meeting held on June 26, 2026, approved the appointment of Jason Neal as Chairman of the Board, effective June 26, 2026. Mr. Neal succeeds Louis Gignac Sr., who did not stand for re-election as director and has therefore retired as Chairman after leading GMIN since its inception. Mr. Neal has served as GMIN's Lead Director since the Corporation's founding in 2020 and brings approximately 30 years of experience in the mining sector to his new role. He currently serves as Managing Director and Chief Executive Officer of Deterra Royalties Limited, Australia's only major publicly listed royalty company, where he has been a director since 2022 and took on the interim CEO role in the fourth quarter of 2025. Earlier in his career, Mr. Neal held senior executive roles at Kirkland Lake Gold Ltd. and TMAC Resources Inc., both of which were subsequently acquired by Agnico-Eagle Mines Limited and spent two decades as an investment banker at BMO Capital Markets, where he co-led the firm's Global Metals and Mining Group. The company also announced the appointment of Aline Côté as director. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CA$36.82, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 752% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CA$34.69, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 703% over the past three years. Recent Insider Transactions Derivative • Jun 04
VP of Finance & CFO exercised options and sold CA$1.1m worth of stock On the 28th of May, Julie Lafleur exercised 86.93k options at around CA$3.32, then sold 29k of the shares acquired at an average of CA$40.89 per share and kept the remainder. Since June 2025, Julie's direct individual holding has increased from 68.83k shares to 206.93k. Company insiders have collectively sold CA$28m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • May 27
Consensus revenue estimates increase by 12% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$694.0m to US$779.6m. EPS estimate unchanged from US$1.79 at last update. Metals and Mining industry in Canada expected to see average net income growth of 35% next year. Consensus price target broadly unchanged at CA$63.20. Share price was steady at CA$43.67 over the past week. Major Estimate Revision • May 20
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$780.3m to US$696.8m. EPS estimate fell from US$1.73 to US$1.55 per share. Net income forecast to grow 10% next year vs 33% growth forecast for Metals and Mining industry in Canada. Consensus price target of CA$63.40 unchanged from last update. Share price fell 19% to CA$43.66 over the past week. Aankondiging • May 15
G Mining Ventures Corp. Reiterates Production Guidance for the Year 2026; Provides Production Guidance for the Year 2027 G Mining Ventures Corp. reiterated production guidance for the year 20226. For the year, the company achieved approximately 18% of the midpoint of full-year gold production guidance, while total cash costs and AISC remained within the annual guidance ranges. Full-year payable gold production guidance remains unchanged at 160,000 to 190,000 ounces, with approximately 62% of production expected in the second half of the year.
For the year 2027, the company Gold production at TZ for 2027 is estimated to be between 200,000 to 235,000 ounces, representing an increase of approximately 25% over 2026 production at the midpoint of guidance, driven by a full-year contribution of higher-grade Phase 2 ore at TZ. Total cash costs and AISC are expected to improve materially in 2027, with cash costs and AISC projected to decline by approximately 14% and 21%, respectively, compared to 2026 at the midpoint of guidance. Reported Earnings • May 14
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: US$0.35 (up from US$0.11 in 1Q 2025). Revenue: US$139.9m (up 43% from 1Q 2025). Net income: US$80.4m (up 229% from 1Q 2025). Profit margin: 57% (up from 25% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 3.0%. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 121% per year whereas the company’s share price has increased by 126% per year. Live-nieuws • May 14
G Mining Ventures Moves Forward With G2 Goldfields Acquisition and G3 Spin-Out in Guyana G2 Goldfields has filed and mailed materials for a special shareholder meeting on June 16, 2026, to vote on its proposed acquisition by G Mining Ventures.
Under the proposal, G2 shareholders are expected to receive 0.212 G Mining Ventures shares and 0.5 shares of a new spin-out company, G3 Goldfields, for each G2 share.
The companies expect the deal, which targets creation of a Tier-1 gold district in Guyana by combining G2’s Oko-Ghanie Project with G Mining Ventures’ Oko West Project, to close in early July 2026, subject to approvals, and outline over $1b in expected synergies and an accelerated permitting timeline.
This proposed combination would materially increase G Mining Ventures’ exposure to the Guyana gold district by tying together adjacent projects under a single operator with a defined share-based consideration structure.
Investors can monitor how shareholders vote, what regulatory and court approvals are obtained, and whether the projected synergies and permitting timeline are reaffirmed or updated as the transaction progresses. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$54.57, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 1,076% over the past three years. Aankondiging • Apr 29
G Mining Ventures Corp., Annual General Meeting, Jun 26, 2026 G Mining Ventures Corp., Annual General Meeting, Jun 26, 2026. Location: quebec, Canada Aankondiging • Apr 23
G Mining Ventures Corp. Maintains Production Guidance for 2026 G Mining Ventures Corp. maintained production guidance for 2026. For the year, the company expects production guidance of 160,000 ounces to 190,000 ounces of gold. Production is expected to be weighted toward the second half of the year, with approximately 62% of annual output forecast for H2 2026 as higher-grade Phase 2 mineralization is accessed in accordance with the mine plan. Aankondiging • Apr 21
G Mining Ventures Corp. to Report Q1, 2026 Results on May 13, 2026 G Mining Ventures Corp. announced that they will report Q1, 2026 results After-Market on May 13, 2026 Aankondiging • Apr 09
G Mining Ventures Corp. (TSX:GMIN) entered into a definitive agreement to acquire G2 Goldfields Inc. (TSX:GTWO) from Ithaki Limited and others for approximately CAD 2.8 billion. G Mining Ventures Corp. (TSX:GMIN) entered into a definitive agreement to acquire G2 Goldfields Inc. (TSX:GTWO) from Ithaki Limited and others for approximately CAD 2.8 billion on April 9, 2026. G2 shareholders will receive 0.212 GMIN common shares for each G2 common share held. G2 shareholders will also receive common shares in a newly created gold explorer (“G3 SpinCo”) that will hold interests in the Tiger Creek property, Peters Mine property and Property B. In case of termination of transaction G2 Goldfields Inc,will pay a termination fee of CAD 121 million. Upon completion of the Transaction, existing GMIN and G2 shareholders will own approximately 80.1% and 19.9% of GMIN, respectively, and G2 shareholders will also own 100% of G3 SpinCo.
The transaction is subject to subject to court approval, approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by acquirer board and approval of offer by target shareholders. The Board of Directors of G2 Goldfields Inc. formed a special committee for the transaction. The deal has been unanimously approved by both the boards. The merger is expected to complete in Q2, 2026.
BMO Capital Markets and National Bank of Canada Financial Markets acted as financial advisor for G Mining Ventures Corp and its board of directors. Blake, Cassels & Graydon LLP acted as legal advisor for G Mining Ventures Corp. ATB Cormark Capital Markets acted as financial advisor for G2 Goldfields Inc and its special committee. Canaccord Genuity Corp. acted as financial advisor for G2 Goldfields Inc and its board of directors. Cassels Brock & Blackwell LLP acted as legal advisor for G2 Goldfields Inc. Major Estimate Revision • Apr 07
Consensus EPS estimates increase by 14% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from US$1.69 to US$1.94. Revenue forecast unchanged at US$756.1m. Net income forecast to grow 2.9% next year vs 36% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$60.69. Share price rose 5.0% to CA$51.25 over the past week. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CA$48.93, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 1,076% over the past three years. Major Estimate Revision • Apr 01
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$768.2m to US$754.7m. EPS estimate also fell from US$1.70 per share to US$1.40 per share. Net income forecast to grow 14% next year vs 37% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$60.38. Share price rose 13% to CA$49.29 over the past week. Reported Earnings • Mar 26
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: US$1.27 (up from US$0.38 in FY 2024). Revenue: US$580.7m (up 300% from FY 2024). Net income: US$287.9m (up 364% from FY 2024). Profit margin: 50% (up from 43% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 114% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CA$45.90, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 6x in the Metals and Mining industry in Canada. Total returns to shareholders of 1,025% over the past three years. Aankondiging • Mar 14
G Mining Ventures Corp. Reports Consolidated Mineral Reserves and Mineral Resources as of December 31, 2025 G Mining Ventures Corp. reported its consolidated Mineral Reserves and Mineral Resources as of December 31, 2025, prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral Resources and Mineral Reserves (2014 Edition). The year-end 2025 update reflects an increase in the Corporation's reserve base, driven by the publication of the Oko West Feasibility Study. The 221% year-over-year increase in Mineral Reserves reflects the addition of 4.64 Moz from the Feasibility Study at Oko West Project despite depletion at Tocantinzinho ("TZ") following the first full year of commercial production. At Oko West, ~88% of resources were converted into mineral reserves. This is a positive indicator of geological confidence and resource maturity, also demonstrated by the conversion of 2.40 Moz of Inferred Resources (YE 2024) into the Indicated category, reducing Inferred ounces to 1.17 Moz at year-end 2025. Tocantinzinho Gold Mine, Pará State, Brazil TZ achieved commercial production in H2 2024 and completed its first full year of operations in 2025, processing ~189 koz of gold for total production of 172 koz of gold, reflecting the asset's transition into a steady-state cash-generating operation. As of December 31, 2025, the asset reports 1.87 Moz of Proven and Probable Reserves at 1.17 g/t Au. The 2026 exploration budget is set at $810 million with the intent of discovering the next deposit within the TZ land package. Oko West Project, Guyana Following the completion of the 2025 Feasibility Study, Oko West reports 4.64 Moz of Proven and Probable Reserves at 1.89 g/t Au. The FS outlines a robust 12.3-year mine life with average annual production of ~350,000 oz. Construction is advancing on schedule, with 60% of detailed engineering completed to date and targeting 100% completion in Third Quarter 2026. First gold production is targeted for H2 2027, with commercial production anticipated in January 2028. The Corporation notes that mineralization identified through exploration drilling conducted after the completion of the FS has not been included in the 2025 year-end mineral resource estimate, representing potential future reserve growth as the project advances. Gurupi Project, Maranhão State, Brazil The Gurupi Project, located in northeastern Brazil, reports 1.83 Moz of Indicated Resources and 0.77 Moz of Inferred Resources as of year-end 2025, establishing it as the third pillar of GMIN's multi-asset portfolio. The project continues to advance through technical studies, with an updated Mineral Resource Estimate ("MRE") and a Preliminary Economic Assessment ("PEA") targeted for H2 2026. The 2026 exploration budget for Gurupi totals $21 million, supporting resource definition drilling, the resumption of regional exploration programs, and the advancement of the Environmental and Social Impact Assessment ("ESIA"), which is expected to be filed in H2 2026. Aankondiging • Mar 12
G Mining Ventures Corp. to Report Q4, 2025 Results on Mar 25, 2026 G Mining Ventures Corp. announced that they will report Q4, 2025 results After-Market on Mar 25, 2026 Recent Insider Transactions • Feb 18
Independent Director recently sold CA$2.1m worth of stock On the 13th of February, Rejean Gourde sold around 45k shares on-market at roughly CA$47.65 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$2.6m. Insiders have been net sellers, collectively disposing of CA$21m more than they bought in the last 12 months. Price Target Changed • Feb 09
Price target increased by 7.4% to CA$57.00 Up from CA$53.10, the current price target is an average from 14 analysts. New target price is 17% above last closing price of CA$48.71. Stock is up 212% over the past year. The company is forecast to post earnings per share of US$1.28 for next year compared to US$0.38 last year. Recent Insider Transactions Derivative • Jan 29
Founder exercised options and sold CA$3.2m worth of stock On the 26th of January, Louis-Pierre Gignac exercised 207.73k options at around CA$4.08, then sold 69k of the shares acquired at an average of CA$50.15 per share and kept the remainder. For the year to December 2021, Louis-Pierre's total compensation was 20% salary and 80% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Louis-Pierre's direct individual holding has increased from 25.54k shares to 48.76k. Company insiders have collectively sold CA$30m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jan 25
Independent Director recently sold CA$2.6m worth of stock On the 22nd of January, Norman MacDonald sold around 55k shares on-market at roughly CA$48.03 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$19m more than they bought in the last 12 months. Price Target Changed • Jan 21
Price target increased by 9.4% to CA$48.77 Up from CA$44.59, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of CA$47.50. Stock is up 259% over the past year. The company is forecast to post earnings per share of US$1.27 for next year compared to US$0.38 last year. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CA$47.81, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 9x in the Metals and Mining industry in Canada. Total returns to shareholders of 1,290% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$69.23 per share. Aankondiging • Jan 20
G Mining Ventures Corp. Provides Operational guidance for the Year 2026 and 2027 G Mining Ventures Corp. provided operational guidance for the Year 2026 and 2027. Gold production in 2026 is expected to range between 160,000 ounces and 190,000 ounces (“oz”), representing a modest increase over 2025 at the midpoint of guidance. Production is expected to be weighted toward the second half of the year, with approximately 62% of total output forecast to occur in H2 as higher-grade mineralization becomes available in accordance with the mine plan.
Gold production in 2027 is expected to range between 200,000 ounces and 235,000 ounces, representing an increase of approximately 25% over 2026 production at the midpoint of guidance, driven by a full-year contribution of higher-grade Phase 2 ore at TZ. Buy Or Sell Opportunity • Jan 02
Now 26% undervalued Over the last 90 days, the stock has risen 30% to CA$38.17. The fair value is estimated to be CA$51.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 147% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Price Target Changed • Dec 16
Price target increased by 8.5% to CA$44.59 Up from CA$41.09, the current price target is an average from 14 analysts. New target price is 12% above last closing price of CA$39.67. Stock is up 272% over the past year. The company is forecast to post earnings per share of US$1.31 for next year compared to US$0.38 last year. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CA$40.39, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 7x in the Metals and Mining industry in Canada. Total returns to shareholders of 1,343% over the past three years. Aankondiging • Dec 09
G Mining Ventures Corp. Receives Mining License for Oko West Gold Project G Mining Ventures Corp. announce that the Guyana Geology and Mines Commission (‘GGMC’) has granted a Mining License (the ‘License’) for the Corporation’s 100%-owned Oko West Gold Project (‘Oko West’ or the ‘Project’) located in Region 7, Guyana. The License was granted effective December 5, 2025, and is valid for twenty years, authorizing development, operation, and commercial gold production at Oko West. This approval marks the final major permitting milestone for the Project and completes the main regulatory requirements necessary for full construction and long-term operations. The License follows the receipt of the Final Environmental Permit on September 2, 2025 and the Corporation’s formal construction decision on October 23, 2025. Early works began under the Interim Environmental Permit earlier in the year and continue under the Final Environmental Permit, allowing these activities to carry directly into full construction. With all major permits and approvals secured, GMIN is advancing Oko West development and construction in a disciplined manner aligned with the Corporation’s project timeline. Now that the License has been secured, the Project is poised to begin pre-production open-pit mining in the first quarter of 2026, with assembly of the initial mining equipment fleet already underway. This milestone will further advance the Project as construction efforts progress steadily into the coming year. Recent Insider Transactions Derivative • Dec 02
Independent Director exercised options and sold CA$407k worth of stock On the 26th of November, Elif Levesque exercised 41.80k options at around CA$3.32, then sold 15k of the shares acquired at an average of CA$30.95 per share and kept the remainder. Since December 2024, Elif's direct individual holding has increased from 182.24k shares to 231.01k. Company insiders have collectively sold CA$26m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Dec 02
Independent Director exercised options and sold CA$407k worth of stock On the 26th of November, Elif Levesque exercised 41.80k options at around CA$3.32, then sold 15k of the shares acquired at an average of CA$30.95 per share and kept the remainder. Since December 2024, Elif's direct individual holding has increased from 182.24k shares to 231.01k. Company insiders have collectively sold CA$26m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CA$33.13, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 7x in the Metals and Mining industry in Canada. Total returns to shareholders of 1,118% over the past three years. Major Estimate Revision • Nov 19
Consensus EPS estimates increase by 38% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$0.971 to US$1.35. Revenue forecast steady at US$568.6m. Net income forecast to grow 29% next year vs 40% growth forecast for Metals and Mining industry in Canada. Consensus price target of CA$40.40 unchanged from last update. Share price was steady at CA$29.45 over the past week. New Risk • Nov 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Significant insider selling over the past 3 months (CA$15m sold). Recent Insider Transactions • Nov 02
Independent Director recently sold CA$544k worth of stock On the 27th of October, Pierre Chenard sold around 21k shares on-market at roughly CA$26.15 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$13m. Insiders have been net sellers, collectively disposing of CA$16m more than they bought in the last 12 months. Price Target Changed • Oct 30
Price target increased by 7.9% to CA$40.40 Up from CA$37.46, the current price target is an average from 13 analysts. New target price is 48% above last closing price of CA$27.22. Stock is up 129% over the past year. The company is forecast to post earnings per share of US$0.97 for next year compared to US$0.38 last year. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CA$26.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 7x in the Metals and Mining industry in Canada. Total returns to shareholders of 900% over the past three years. Price Target Changed • Oct 23
Price target increased by 7.7% to CA$39.02 Up from CA$36.23, the current price target is an average from 13 analysts. New target price is 39% above last closing price of CA$28.00. Stock is up 129% over the past year. The company is forecast to post earnings per share of US$0.97 for next year compared to US$0.38 last year. Recent Insider Transactions Derivative • Oct 22
Chairman of the Board exercised options and sold CA$1.0m worth of stock On the 16th of October, Louis Gignac exercised 35k options at a strike price of around CA$4.08 and sold these shares for an average price of CA$34.36 per share. This trade did not impact their existing holding. Since December 2024, Louis has owned 1.35m shares directly. Company insiders have collectively sold CA$25m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Oct 18
Independent Director recently sold CA$1.2m worth of stock On the 16th of October, Norman MacDonald sold around 37k shares on-market at roughly CA$33.54 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$2.2m more than they bought in the last 12 months. Aankondiging • Oct 14
G Mining Ventures Corp. to Report Q3, 2025 Results on Nov 12, 2025 G Mining Ventures Corp. announced that they will report Q3, 2025 results After-Market on Nov 12, 2025 Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$32.68, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Metals and Mining industry in Canada. Total returns to shareholders of 1,138% over the past three years. Price Target Changed • Oct 02
Price target increased by 9.1% to CA$30.08 Up from CA$27.58, the current price target is an average from 13 analysts. New target price is 5.8% above last closing price of CA$28.43. Stock is up 209% over the past year. The company is forecast to post earnings per share of US$1.01 for next year compared to US$0.38 last year. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$27.30, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 8x in the Metals and Mining industry in Canada. Total returns to shareholders of 934% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$20.49, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 7x in the Metals and Mining industry in Canada. Total returns to shareholders of 540% over the past three years. Recent Insider Transactions • Jun 08
Independent Director recently sold CA$1.1m worth of stock On the 4th of June, Norman MacDonald sold around 50k shares on-market at roughly CA$21.75 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$1.2m more than they bought in the last 12 months. Major Estimate Revision • May 22
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$538.8m to US$524.8m. EPS estimate also fell from US$1.08 per share to US$0.888 per share. Net income forecast to grow 133% next year vs 28% growth forecast for Metals and Mining industry in Canada. Consensus price target of CA$25.33 unchanged from last update. Share price rose 7.2% to CA$19.60 over the past week. Price Target Changed • Apr 29
Price target increased by 9.6% to CA$24.75 Up from CA$22.58, the current price target is an average from 12 analysts. New target price is 28% above last closing price of CA$19.29. Stock is up 130% over the past year. The company is forecast to post earnings per share of US$1.08 for next year compared to US$0.38 last year. Price Target Changed • Apr 22
Price target increased by 9.9% to CA$24.00 Up from CA$21.83, the current price target is an average from 12 analysts. New target price is 21% above last closing price of CA$19.89. Stock is up 131% over the past year. The company is forecast to post earnings per share of US$0.98 for next year compared to US$0.38 last year. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CA$20.31, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 4x in the Metals and Mining industry in Canada. Total returns to shareholders of 464% over the past three years. Aankondiging • Apr 09
G Mining Ventures Corp. Files NI 43-101 Technical Report for the Gurupi Gold Project in Brazil G Mining Ventures Corp. announced that the Corporation has filed a technical report (the "Technical Report") prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43- 101") in respect of the updated mineral resource estimate for GMIN's 100% owned Gurupi Gold Project in Brazil. The Technical Report, titled "Mineral Resource Estimate NI43-101 Technical Report Gurupi Project," is dated February 3, 2025, with an issue date of April 8, 2025, and was prepared by Mr. Pascal Delisle, P.Geo. (OGQ no. 1378), of G Mining Services Inc. ("GMS"), and a "qualified person" within the meaning of NI 43-101 and not independent of the Corporation pursuant to Section 1.5 of NI 43-101. Report results were previously announced in GMIN's news release dated February 20, 2025. This Technical Report is being filed on a voluntary basis as a general update to provide information relating to the Gurupi gold exploration project and is not filed as the result of a requirement under NI 43-101. Price Target Changed • Apr 01
Price target increased by 8.5% to CA$20.71 Up from CA$19.08, the current price target is an average from 12 analysts. New target price is 11% above last closing price of CA$18.63. Stock is up 129% over the past year. The company is forecast to post earnings per share of US$0.80 for next year compared to US$0.38 last year. Aankondiging • Feb 20
G Mining Ventures Corp. to Report Q4, 2024 Results on Mar 28, 2025 G Mining Ventures Corp. announced that they will report Q4, 2024 results Pre-Market on Mar 28, 2025 Price Target Changed • Feb 06
Price target increased by 7.8% to CA$18.38 Up from CA$17.05, the current price target is an average from 12 analysts. New target price is 18% above last closing price of CA$15.58. Stock is up 97% over the past year. The company is forecast to post earnings per share of US$0.13 next year compared to a net loss per share of US$0.064 last year. Aankondiging • Jan 22
G Mining Ventures Corp. Provides Production Guidance for the Year 2025 G Mining Ventures Corp. provided production guidance for the year 2025. For the year, the company expects gold production of 175 kilo oz to 200 Kilo oz. Major Estimate Revision • Jan 08
Consensus EPS estimates increase by 86% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.088 to US$0.164. Revenue forecast steady at US$138.2m. Net income forecast to grow 698% next year vs 32% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$17.03. Share price rose 20% to CA$13.00 over the past week. Aankondiging • Jan 07
G Mining Ventures Receives Interim Environmental Permit for the Oko West Gold Project in Guyana G Mining Ventures Corp. announced that it has received an interim environmental permit from Guyana's Environmental Protection Agency in response to its Environmental Impact Assessment and Environmental Impact Statement submissions made in November 2024 for the Corporation's Oko West Gold Project. The IEP is valid for one year and, together with the "No Objection" letter received from the Guyana Forestry Commission, GMIN has fulfilled the requirements to initiate early works construction activities. GMIN intends to advance the following early works activities in H1-2025: Barge Landing facility; Main access road and internal roads; Airstrip; Permanent camp facility; Water and sewage treatment plants; Power generation and communication tower. Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Sonia Zagury was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 11
G Mining Ventures Corp. Announces Board Changes G Mining Ventures Corp. has appointed Naguib Sawiris, founder of the La Mancha group ("La Mancha"), to its Board of Directors, effective October 11, 2024. In connection with the appointment of Mr. Sawiris, Mr. Karim Nasr has ceased his role as the La Mancha representative on the GMIN Board. The GMIN Board of Directors will consist of 10 members. Mr. Sawiris is a manager of La Mancha Holding Sàrl, which he took private in 2012 with the vision to bring operational efficiency and ambition to a sector dominated by smaller junior companies. In 2015, he took the strategic decision to vend in La Mancha's key publicly listed stakes into two regionally focused junior miners, Evolution Mining and Endeavour Mining, resulting in La Mancha becoming the largest shareholder in each of these companies. In the years that followed, Mr. Sawiris used his Board positions and La Mancha's capital to support each of these companies, supporting the establishment of two multi-billion dollar mid-tier mining companies. Since 2021, La Mancha operates a Luxembourg-based fund, La Mancha Resource Fund SCSp, which focuses on the precious and energy transition metals sectors. In addition to his role at La Mancha, Mr. Sawiris holds several board positions, including Executive Chairman of Orascom Investment Holding S.A.E. and Chairman of Ora Developers. He holds a diploma in Mechanical Engineering with a master's in Technical Administration from the Federal Institute of Technology Zurich (ETH). He is also the recipient of numerous honorary degrees, industry awards and civic honours, including the Honor of Commander of the "Légion d'Honneur" (the highest award given by the French Republic for outstanding services rendered to France). In 2011, Mr. Sawiris was awarded the Honor of Commander of the Order of the "Stella della Solidarieta Italiana" (Star of Italian Solidarity). Aankondiging • Sep 03
G Mining Ventures Declares Commercial Production At Tocantinzinho Gold Mine G Mining Ventures Corp. announced that it has reached commercial production on time and on budget at its 100%-owned Tocantinzinho Gold Mine located in the State of Pará, Brazil. Commercial production is defined as a period of 30 consecutive days of operations during which the mill operated at a minimum of 60% of nameplate throughput of 12,890 tonnes per day ("tpd"). During August 2024, the mill operated at 76% of nameplate throughput, processing a total of 304,312 ore tonnes (9,817 tpd) at a recovery rate of 88%. The plant's ramp-up continues to progress in line with internal production schedules, with all major equipment demonstrating the capability to operate at or above design levels. After the initial pour announced in July 2024, GMIN has focused on ramping production to test the processing circuits' ability to handle nameplate loads while improving recovery toward a life of mine average of 90%. The Corporation plans to ramp up production through H2-24, targeting nameplate throughput by First Quarter 2025. TZ is engineered to have a 10.5-year mine life with an average annual gold production of 174,700 ounces and 196,200 ounces for the first five full years, capitalizing on the record-high gold price environment. The Corporation plans to provide annual guidance for TZ in January 2025. Aankondiging • Aug 28
G Mining Ventures Receives Operating Licenses for Tocantinzinho G Mining Ventures Corp. announced that it has received the Operational Licenses for GMIN's 100%-owned Tocantinzinho Gold Project ("TZ" or the "Project") in the State of Pará, Brazil – the last remaining permitting milestone for commercial operation. The Project remains on time and budget for commercial production in the second half of 2024. The Licences received from the Pará State Environmental Agency, Secretaria de Estado de Meio Ambiente e Sustentabilidade ("SEMAS"), include the Operating Licence for mining, processing plant, tailings facilities and the new airstrip. Receipt of these licenses marks the successful completion of all project construction activities and authorizes the mine to commence operations at full capacity.
Project Development Timeline: The Project remains on track and budget for commercial production in second half of 2024. Aankondiging • Aug 15
G Mining Ventures Corp. Ramps Up Operations Towards Commercial Production At Tocantinzinho and First Export of Doré G Mining Ventures Corp. announced that it has completed its first exports of doré bars from GMIN's 100%-owned Tocantinzinho Gold Project ("TZ" or the "Project") in the State of Pará, Brazil, to a refinery in Switzerland. The Project remains on time and budget for commercial production in the second half of 2024. The start of production coincides with an environment of record high gold prices, where every ounce sold by GMIN was in excess of $2,400 per ounce, significantly above budget. The construction team has been demobilized, as they have handed over the Project to the operations team. Mine to mill reconciliation remains on target with the Mine Plan from the Feasibility Study dated February 09, 2022. The commissioning of all areas of the process plant is complete with plant feed reaching a peak of 10 thousand tonnes ("kt") per day ("pd") during the second half of July. Gold production for July was 4,232 ounces with an average gold recovery of 85.1%. Focus now is on continued ramp up of the process plant to full production and target recoveries, forecast to be reached in Second half 2024. The Project remains on track and budget for commercial production in Second half 2024. Price Target Changed • Jul 23
Price target increased by 7.7% to CA$15.17 Up from CA$14.08, the current price target is an average from 11 analysts. New target price is 61% above last closing price of CA$9.44. Stock is up 115% over the past year. The company posted a net loss per share of US$0.016 last year. 