G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF) will restate its 2024 financials to reflect two non-cash adjustments totaling $32M related to IAS 21 foreign exchange rules.
The changes have no impact on cash, liquidity, operations, or covenants.
Net income for Q4 2024 was revised from $47.6M to $15.2M.
The restatement addresses technical classification errors and reflects the company’s commitment to transparency.
GMIN will release Q1 2025 results on May 14 and host a call on May 15. Affected filings will be updated in line with IAS 8 prior to Q1 reporting.