G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) and G2 Goldfields (TSX: GTWO, OTCQX: GUYGF) have announced a definitive agreement under which G Mining will acquire all outstanding G2 shares in a court-approved plan of arrangement. This transaction combines G2’s Oko-Ghanie Project with G Mining’s fully permitted and fully financed Oko West Project in Guyana, creating a large-scale, low-cost gold mining hub. The combined operations are expected to have life-of-mine average production potential exceeding 500,000 ounces annually, with significant synergies across infrastructure, operating and capital costs, mine sequencing, and permitting.
Under the deal terms, G2 shareholders will receive 0.212 G Mining common shares for each G2 share held, along with shares in a newly created exploration company holding certain non-core G2 assets, funded with C$45 million in cash and supported by a contingent value right tied to future resource milestones. The transaction is expected to close in the second quarter of 2025, subject to regulatory and shareholder approvals.
This acquisition is important because it consolidates two highly prospective gold projects in the Guyana Gold District, a region known for its rich mineral endowment and mining-friendly jurisdiction. The combined hub is poised to become a significant gold producer, benefiting from shared infrastructure and operational efficiencies. For G Mining, the deal expands its portfolio beyond its Tocantinzinho Gold Mine in Brazil and the Gurupi Project, further establishing the company as a mid-tier precious metals producer. The transaction also provides G2 shareholders with immediate value and exposure to a larger, more diversified company, while retaining upside through the exploration company and contingent value right.
The full press release can be accessed at https://ibn.fm/i9Or2. For more information about G Mining Ventures, visit their newsroom at https://ibn.fm/GMINF.
