G Mining Ventures Corp.

G Mining Ventures Corp. is a mid-tier gold producer headquartered in Brossard, Canada, operating primarily in South America. The company's portfolio consists of 3 projects, comprising 1 operating mine, 1 development, and 1 advanced exploration project. Key assets include Tocantinzinho and Oko West. The business model centers on the acquisition, exploration, development, and operation of mineral projects, leveraging a self-perform approach to manage construction and commissioning. This integrated model is designed to capture value uplift from successful mine development and is supported by access to a deep bench of technical professionals through a master services agreement with an affiliated engineering firm. Operational capabilities are demonstrated by the on-time, on-budget delivery of its first major project, which utilizes a conventional processing circuit involving comminution, gravity concentration, flotation, and carbon-in-leach technologies. The enterprise aims to achieve synergies by transferring operational knowledge, systems, and expertise from established operations to advance its development pipeline, thereby accelerating timelines and mitigating execution risk. Competitive positioning is anchored by proven development expertise, strong access to capital, and a strategy of combining cash-flowing assets with high-potential development projects to create a leading intermediate producer.

Strategic focus is on becoming a leading intermediate producer through a disciplined growth model that combines cash flow from an operating asset with the advancement of a significant development project. This approach aims to fund development largely through internal cash generation, minimizing equity dilution. Capital allocation in 2025 prioritizes sustaining capital and near-mine exploration at the producing asset, significant investment in early works and a feasibility study for the primary development project, and initial exploration at a newly acquired project. The resource expansion strategy is multi-pronged, involving the conversion of inferred resources to indicated categories, testing near-mine extensions of known deposits, and pursuing regional exploration to identify new satellite deposits within a 15 km radius of existing infrastructure. The acquisition of a third major project in late 2024 exemplifies the strategy of expanding the development pipeline with advanced-stage assets that offer significant exploration upside and the potential for future growth.

Executive leadership features extensive, long-term industry experience. The Chairman, with over 55 years in the sector and an inductee into the Canadian Mining Hall of Fame, previously led a major intermediate producer. The President and CEO brings over 20 years of experience, including leadership roles at an affiliated engineering and project development firm. The board is composed of 11 directors, with key committees like the Audit & Risk Committee comprised entirely of independent and financially literate members. The governance framework includes specialized board committees for Audit & Risk, ESG, Health & Safety and Technical, and Human Resources & Compensation. A formal process is in place for managing related-party transactions, with oversight provided by the Audit & Risk Committee to address potential conflicts of interest. This structure ensures robust oversight of financial reporting, risk management, and strategic execution, guided by a leadership team with a track record in mine development and operations.

Environmental strategy is highlighted by securing 100% renewable power for its primary operation through a long-term power purchase agreement, significantly lowering its carbon footprint. The company actively pursues reforestation, having planted 18 hectares in 2023 with a target of 36 hectares for 2024, and implements robust waste management, recycling 74% of project-generated waste in 2023. Social initiatives include a partnership with a national Ministry of Health to run a malaria eradication program, providing free testing and medication to employees and local communities. The organization prioritizes local hiring and procurement, with 95% of the workforce at its main operation being nationals and 57% from nearby communities. Governance practices include the implementation of a human rights task force to ensure compliance with modern slavery legislation and the use of specialized software to manage and maintain compliance with all legal and regulatory requirements. Workplace safety is a key focus, with a low lost-time incident frequency rate maintained through comprehensive safety programs.

The current corporate structure was established in July 2024 through a plan of arrangement that combined the businesses of 2 separate publicly listed entities, GMIN TZ Corp. and GMIN Guyana Corp., into a single new parent company. As part of this transaction, certain non-core assets were spun out into a new entity, Greenheart Gold Inc., in which the corporation retained a 19.9% interest and the right to nominate 1 director. In December 2024, the company completed the acquisition of 100% of the share capital of MCT Mineração LTDA. and ACG Mineração LTDA. from subsidiaries of BHP Group Limited. Major strategic investors include La Mancha Investments S.à r.l. and Franco-Nevada Corporation, both of which hold investor rights agreements granting anti-dilution rights and, in the case of La Mancha, the right to nominate 2 directors to the board provided it maintains a minimum 15% ownership stake. A key operational subsidiary, Ventures Streaming Corp., was established to facilitate a 2022 stream financing agreement.