G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported preliminary second-quarter gold production of 36,845 ounces from its wholly owned Tocantinzinho Gold Mine in Brazil, representing a 16% increase over the first quarter. The company has produced 68,691 ounces year to date and sold 71,215 ounces, while reaffirming its full-year production guidance of 160,000 to 190,000 ounces.
During the quarter, the mine processed ore at an average rate of 11,121 tonnes per day with an average gold recovery of 91.9%. Mining operations achieved a record 6.3 million tonnes moved, as the company advanced waste stripping and pit development to access higher-grade Phase 2 mineralization. The company expects production to be weighted toward the second half of 2026, with approximately 62% of annual output forecast for the second half.
This performance underscores the ramp-up of the Tocantinzinho mine, which achieved commercial production earlier in 2024. The consistent improvement in throughput and recovery rates suggests operational stability and positions the company to meet its guidance. The reaffirmation of 2026 guidance provides clarity to investors regarding mid-term production targets.
G Mining Ventures is focused on becoming a mid-tier precious metals producer through its assets in mining-friendly jurisdictions, including Brazil and Guyana. The Tocantinzinho mine is the company's flagship operation, and the Oko West project in Guyana represents a significant growth opportunity.
The company plans to release its full second-quarter financial and operating results on August 12, followed by a conference call on August 13. For more details, the full press release is available at https://ibn.fm/5MjpF.
This production update is important because it demonstrates the operational progress of a new mine in a favorable mining jurisdiction, which could impact the company's financial performance and stock valuation. The sustained guidance reaffirms management's confidence in the asset's potential.
