G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF) has unveiled its 2025 operational and cost guidance for its Tocantinzinho Gold Mine in Brazil, in addition to planned capital expenditures to advance the Oko West gold project in Guyana and Gurupi project in Brazil.
The Tocantinzinho Gold Mine (TZ) is expected to produce 175,000 to 200,000 ounces of gold while maintaining cash costs of $590 to $655 per ounce and all-in sustaining costs (AISC) of $995 to $1,125 per ounce.
The company expects the mill to operate at its nameplate capacity of 12,890 tons per day, with gold output expected to be higher in the second half of the year as higher-grade mineralization becomes available per the mine plan.
Total capital expenditures for 2025 are budgeted at $60 to $70 million, including $23 million for capitalized stripping and $2 million for near-mine exploration.
Sustaining capital expenditures, excluding costs for capitalized waste stripping, are projected to range from $35 to $45 million. This includes $20 million for mining equipment, $10 million for key components of the mobile fleet, $4.5 million for tailings management, and additional smaller expenses for the process plant and other capital items.
The company has also set aside $9 million for regional exploration which will test 23 targets within a 5-kilometer radius to identify additional deposits.
It has allocated $200 to $240 million allocation to early works and infrastructure at Oko West to support permitting activities, construction readiness, and resource expansion efforts, ahead of a formal construction decision anticipated later in the year.
To advance the goal of expanding the mineral resource inventory, enhancing future mine plans, and extending the mine's operational life, the company has allocated $8 million to exploration at Oko West.
At the Gurupi Project in Brazil, exploration will resume with a focus on expanding resources and enhancing relationships with stakeholders, with a budget of $2 to $4 million allocated to this project.
The company plans to publish an NI 43-101 compliant mineral resource estimate for the Contact, Blanket, and Chega Tudo deposits at Garupi in the first quarter of 2025.
"We expect to build on G Mining's 2024 operational success in the year ahead, as TZ ramps up throughput, reaching nameplate capacity early in the year, generating meaningful free cash flow to advance development activities at Oko West," G Mining Ventures CEO Louis-Pierre Gignac said.
"TZ will remain our focus in 2025 but will be complemented by Oko West development initiatives, including permitting and early works activities. We plan to increase our investment in greenfield and brownfield exploration across our portfolio to uncover low-cost, high-value ounces."