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, marking a 16% increase from the first quarter. Year to date, the company has produced 68,691 ounces of gold and sold 71,215 ounces, while maintaining its full-year production guidance of 160,000 to 190,000 ounces. The results underscore the mine's ramp-up trajectory and the company's focus on operational efficiency.
During the quarter, the Tocantinzinho mine processed ore at an average rate of 11,121 tonnes per day with an average gold recovery of 91.9%. Mining operations reached a record 6.3 million tonnes, driven by accelerated 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 H2. This phasing aligns with the mine plan as operations transition to richer ore zones.
The strong operational performance positions G Mining Ventures to capitalize on its development expertise and access to capital, as outlined in the company's strategy to grow into the next mid-tier precious metals producer. The Tocantinzinho mine is a cornerstone asset in Brazil, complemented by the Gurupi Project and the Oko West Project in Guyana. The company trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF."
G Mining Ventures plans to release its full second-quarter financial and operating results on August 12, followed by a conference call on August 13. Investors can access the full press release at https://ibn.fm/5MjpF. The latest news and updates relating to GMINF are available in the company's newsroom at https://ibn.fm/GMINF.
The reaffirmation of guidance amid record mining volumes and improved recovery rates signals confidence in the mine's operational stability. As the company advances toward higher-grade ore, the second-half weighting of production suggests potential for stronger cash flows and further value creation for shareholders. The Tocantinzinho mine's performance will be closely watched as G Mining Ventures aims to establish itself as a reliable mid-tier gold producer.
