{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"G Mining Ventures (TSX:GMIN) - Producing Gold by Year End","html":"","width":"100%","height":180,"duration":1304,"description":"Interview with Dušan Petković, Senior VP, Corporate Strategy of G Mining VenturesOur previous interview: https://www.cruxinvestor.com/posts/g-mining-ventures-tsxvgmin-large-scale-gold-production-in-2024-3885Recording date: 6th February 2024G Mining Ventures is swiftly advancing one of Brazil's largest gold projects, with the first production imminent in 2024. The Tocantinzinho (TZ) mine will churn out 175,000 low-cost ounces annually for over a decade, funding both debt repayment and ambitious growth.Success here has derisked G Mining's story, evidencing its construction expertise. The same skills now target consolidating additional assets to become a 500,000 ounce Americas producer. Attractive project metrics, capital structure and major shareholder backing give it a jump on rivals also aspiring towards mid-tier status.Specifically, G Mining possesses several compelling attributes:Gold prices recently breached $1,900/oz, extending this year's rally above 8%. Investor and central bank buying has regained momentum as inflation and recessionary fears escalate. Yet lack of exciting new projects leaves the supply pipeline quite constrained. G Mining can capitalize on this backdrop with its fully funded TZ mine set to deliver first gold pour in just over 12 months.Extensive industry experience enables G Mining's management team to directly execute all technical and engineering aspects of building projects. This degree of control, continuity and productivity optimization is unique for a junior developer. It provides confidence in meeting budgets and timeliness.TZ has adhered to the schedule despite volatile macro conditions, with completion already 76% and within 5% of costs. Comparatively few surprises minimizes financing and dilution risks as well.Construction progress allows $430 million of TZ's $457 million capital budget to be committed already. Existing cash balances cover any residual expenditure. Additionally, in-the-money warrants if exercised could contribute...","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}