G Mining Ventures Corp (TSX-V:GMIN, OTCQX:GMINF) released a 2022 year-end recap, highlighting the company’s progress and laying out its plans for 2023.
"Thanks to our shareholders, team members, local stakeholders and other supporters, 2022 has been a transformational year for GMIN,” CEO Louis-Pierre Gignac said. “As 2022 drew to a close, I am extremely gratified to take stock of some of what we have accomplished as a team.”
Notably, the company published a positive feasibility study for its flagship Tocantinzinho (TZ) gold project contemplating after-tax net present value of $622 million and internal rate of return of 24% at a gold price of $1,600 per ounce.
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“I look forward to leading this team to make continued excellent progress on all fronts on our TZ project using our proven self-perform approach,” Gignac said. “I am excited for GMIN's future as we continue to target commercial production at TZ in the second half of 2024, and I look forward to growing the corporation using TZ as its cornerstone asset. I would like to offer my thanks for everyone's contribution and support to what has been an outstanding year for G Mining Ventures Corp (TSX-V:GMIN, OTCQX:GMINF)."
Looking ahead, the company plans to complete detailed engineering work in the first half of 2023, issue an inaugural ESG report in 2023, complete construction in the first half of 2024 and ultimately begin production in the second half of 2024.
G Mining Ventures is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. The company is well-positioned to become the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise.
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