G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) announced its second-quarter 2026 financial results, reporting revenue of $157.1 million on sales of 37,439 ounces of gold at an average realized price of $4,197 per ounce. The company's gold production totaled 36,845 ounces, a 16% increase sequentially, while net income reached $72 million, or $0.30 per basic share. Free cash flow amounted to $84.8 million, underscoring the company's robust operational performance.
The company ended the quarter with $225.7 million in cash and cash equivalents and $33 million in long-term debt, resulting in a net cash position of $192.7 million. This strong balance sheet positions G Mining well to fund its ongoing growth initiatives, including the development of the Oko West Project in Guyana.
G Mining maintained its 2026 production guidance of 160,000 to 190,000 ounces, with approximately 61% of output expected in the second half of the year as higher-grade Phase 2 mineralization is accessed at the Tocantinzinho mine in Brazil. The company revised its full-year cash cost guidance to $836-$965 per ounce and all-in sustaining cost guidance to $1,330-$1,544 per ounce, while maintaining its capital expenditure guidance.
The company's growth pipeline remains on track. Construction at the Oko project is progressing as scheduled, with first gold targeted for the second half of 2027. The recently completed acquisition of G2 Goldfields is expected to support the development of an expanded Oko gold project, enhancing the company's long-term production profile.
These results highlight G Mining's ability to execute on its development plans while generating strong cash flows. The company's focus on mining-friendly jurisdictions in Brazil and Guyana, combined with its proven development expertise, positions it well to grow into the next mid-tier precious metals producer.
Investors can find the full press release at https://ibn.fm/jd2EN. For more information about G Mining Ventures, visit the company's newsroom at https://ibn.fm/GMINF.
