G Mining Ventures Reports Oko West Project 19.7% Complete, On Track for First Gold in 2027
G Mining Ventures Corp. announced its Oko West Gold Project in Guyana is 19.7% complete with $292 million spent, on schedule and on budget, targeting first gold pour in H2 2027 and commercial production by January 2028.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) provided a Q1 2026 progress update on its Oko West Gold Project in Guyana, reporting that construction is 19.7% complete with approximately $292 million spent. The company stated the project remains on schedule and on budget, targeting first gold pour in the second half of 2027 and commercial production in January 2028.
The announcement is significant for investors and the mining sector as it demonstrates the company's ability to execute a large-scale gold project in a mining-friendly jurisdiction. Oko West is one of the key assets in G Mining Ventures' portfolio, which also includes the Tocantinzinho Gold Mine and the Gurupi Project in Brazil. The company aims to grow into a mid-tier precious metals producer by leveraging strong access to capital and proven development expertise.
For full details, the press release is available at https://ibn.fm/pZEcG.
G Mining Ventures Corp. is a mining company engaged in the development, operation and exploration of precious metal projects. The company's focus is on capitalizing on the value uplift from successful mine development. With operations in Brazil and Guyana, GMIN is positioned to benefit from stable mining jurisdictions. The company trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF". Latest news and updates are available in the company's newsroom at https://ibn.fm/GMINF.
This progress report is important because it confirms that Oko West is advancing as planned, which reduces development risk and supports the timeline for becoming a producing asset. For G Mining Ventures, reaching first gold pour in 2027 will be a major milestone, potentially boosting the company's production profile and cash flows. The project's adherence to budget also suggests disciplined capital management, which is crucial for investor confidence.
Investors will be watching closely as construction progresses. The Oko West project is a key part of G Mining Ventures' growth strategy, and its successful execution could pave the way for the company to become a significant player in the gold mining industry. The next updates on construction milestones and spending will be critical to validate the current trajectory.