G Mining Ventures Corp has announced the receipt of operational licences for its 100%-owned Tocantinzinho Gold Project in Pará, Brazil.
These licences, issued by the Pará State Environmental Agency (SEMAS), cover mining operations, the processing plant, tailings facilities, and a new airstrip. This marks the final permitting requirement for the project to commence commercial operations.
The Tocantinzinho project remains on track and within budget for commercial production in the second half of 2024. With the completion of all construction activities, the mine is now authorised to begin full-capacity operations.
Commenting on the milestone, Louis-Pierre Gignac, president and chief executive of G Mining Ventures, stated: "This final step in the regulatory approval process for TZ is a testament to Brazil's mining-friendly business environment, its well-structured permitting process and our team's commitment to excellence in everything we do.
“I am thrilled by the achievement of this major milestone and continue to be excited as I witness the steady progress being made in commissioning the plant allowing us to achieve commercial production in the very near term."
Looking ahead, G Mining Ventures anticipates key milestones, including the Preliminary Economic Assessment for the Oko West Project in Q3 2024 and exploration results from both Tocantinzinho and Oko West in Q4 2024.