{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"G Mining Ventures (TSX:GMIN) – NEW 500,000 oz Gold Producer?","html":"","width":"100%","height":180,"duration":939,"description":"Interview with Louis-Pierre Gignac, President & CEO of G Mining Ventures.Our previous interview: https://www.cruxinvestor.com/posts/g-mining-ventures-tsxgmin-producing-gold-by-year-end-4938Recording date: 23rd April 2024G Mining Ventures, led by President and CEO Louis-Pierre Gignac, has announced a merger with Reunion Gold to acquire the Oko West project in Guyana. This strategic move aligns with G Mining's goal of becoming an intermediate gold producer, targeting an annual production of 500,000 ounces.The Tocantinzinho mine, currently under construction by G Mining, is 89% complete and expected to start producing gold within the next three months. With an average annual production of 175,000 ounces, Tocantinzinho is projected to generate over $200 million in cash flow per year. The merger with Reunion Gold will enable G Mining to redeploy this cash flow towards the development of Oko West, minimizing shareholder dilution.Gignac and his team have conducted extensive due diligence on the Oko West project, including site visits and meetings with the President of Guyana. The Guyanese government has expressed strong support for the mining industry and the swift development of Oko West. G Mining's management expertise, coupled with the financial backing of major shareholders La Mancha and Franco, who have committed $25 million each to support early works, positions the company well to advance the project rapidly.Despite concerns about the \"Venezuela factor\" and a longstanding boundary dispute, G Mining remains confident in the stability of Guyana's mining sector. The dispute is expected to be resolved through international courts, with support from key players such as Brazil, the United States, and European nations.The merger between G Mining and Reunion Gold is expected to close in the beginning of the third quarter, following a shareholder vote. As part of the transaction, a spin-off company will be created to hold Reunion's exploration assets in French Guiana and...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}