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G Mining Ventures Announces First Gold Pour at Tocantinzinho Project

PR Newswire ·  Jul 9 09:06

TSX: GMIN
OTCQX: GMINF

All amounts are in USD unless stated otherwise

  • First gold pour at Tocantinzinho achieved on time and budget, only 22 months after the formal construction decision
  • Commercial production and subsequent ramp-up to nameplate plant capacity of 4.7 million tonnes per annum expected to be achieved in H2-24
  • Over 2.6 Mt of ore, containing over 78,000 gold ounces, mined and stockpiled ahead of the processing plant ramp-up

BROSSARD, QC, July 9, 2024 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that it has completed its first gold pour at GMIN's 100%-owned Tocantinzinho Gold Project ("TZ" or the "Project") in the State of Pará, Brazil. The first pour yielded approximately 440 ounces of gold, and the Project remains on time and budget for commercial production in the second half of 2024. Once in commercial production, TZ will become Brazil's third-largest primary gold mine.

Figure 1 – First Gold Doré Bars Poured at the Tocantinzinho Mine (CNW Group/G Mining Ventures Corp)
Figure 2 – Vincent-Luc Authier, Construction Manager at TZ with the First Gold Bar Poured at the Mine (CNW Group/G Mining Ventures Corp)
TZ Project Development Timeline (CNW Group/G Mining Ventures Corp)
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