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G Mining Ventures Completed Significant Milestones in 2022, Positioned for Growth in 2023 and Beyond
G Mining Ventures Completed Significant Milestones in 2022, Positioned for Growth in 2023 and Bey...
About this update from G Mining Ventures Corp
[{"type":"text","content":"\n \n \n \n G Mining Ventures Completed Significant Milestones in 2022, Positioned for Growth in 2023 and Beyond\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TSXV: GMIN\n \n OTCQX: GMINF\n \n \n \n \n All amounts are in USD unless stated otherwise\n \n \n \n \n \n \n BROSSARD, QC\n \n \n ,\n \n \n Jan. 10, 2023\n \n \n /CNW Telbec/ -\n \n G Mining Ventures Corp.\n \n (\"\n \n GMIN\n \n \" or the \"\n \n Corporation\n \n \" or \"\n \n we\n \n \") (TSXV: GMIN) (OTCQX: GMINF), is pleased to provide the Corporation's 2022 year in review and outline objectives for 2023. All figures in relation to the Project progress are as of\n \n December 31, 2022\n \n .\n \n \n \n Highlights from a successful 2022:\n \n \n \n \n Published a positive Feasibility Study for its flagship Tocantinzinho Gold Project (\"\n \n TZ\n \n \" or the \"\n \n Project\n \n \") contemplating after-tax NPV\n \n 5%\n \n of\n \n $622 million\n \n and IRR of 24% at\n \n $1,600\n \n gold price\n \n i\n \n \n \n \n At spot gold price of\n \n $1,850\n \n , after-tax NPV\n \n 5%\n \n increases to\n \n $886 million\n \n and IRR to 30%\n \n \n \n Secured a\n \n $481 million\n \n financing package to fully fund the development, construction and ramp-up of TZ to positive cash flow\n \n \n \n On the closing date, the existing cash on hand and committed capital from financing package totaled over\n \n $535 million\n \n , providing an estimated\n \n $81 million\n \n in cash and contingency\n \n \n Innovatively structured to include equity, gold streaming, debt, and equipment finance tranches, all at attractive cost...