G Mining Ventures Reveals Promising Feasibility Study for Oko West Gold Project in Guyana
G Mining Ventures has completed a feasibility study for its Oko West Gold Project, demonstrating strong potential with projected production of 4.3 million gold ounces over 12.3 years and an attractive after-tax net present value of $2.2 billion.
G Mining Ventures Corp. has unveiled a comprehensive feasibility study for its Oko West Gold Project in Guyana, revealing robust economic potential for a large-scale mining operation. The study projects total gold production of 4.3 million ounces over a 12.3-year period, with an average annual production of 350,000 ounces.
The project demonstrates significant financial promise, with an after-tax net present value of $2.2 billion and a 27% after-tax internal rate of return, calculated using a gold price of $2,500 per ounce. The estimated all-in sustaining cost is $1,123 per ounce, indicating potentially strong operational efficiency.
The company anticipates receiving final environmental permits in the second quarter of 2025, with a construction decision targeted for the second half of the same year. This timeline suggests the project is progressing steadily towards potential development.
The Oko West Gold Project represents a significant opportunity in the precious metals sector, particularly in the context of Guyana's mining-friendly environment. The feasibility study highlights the project's potential to become a substantial gold production asset, offering promising returns for investors and contributing to the region's economic development.