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G Mining Ventures Announces Uniquely Synergistic Acquisition of G2 Goldfields, Creating a Tier-One Gold Mining Hub in Guyana and One of the Largest, Lowest-Cost Gold Operations in the Americas
Delivers district-scale consolidation by combining GMIN’s Oko West Project and G2’s...
About this update from G2 Goldfields, Inc.
[{"type":"text","content":"G Mining Ventures Announces Uniquely Synergistic Acquisition of G2 Goldfields, Creating a Tier-One Gold Mining Hub in Guyana and One of the Largest, Lowest-Cost Gold Operations in the Americas\nDelivers district-scale consolidation by combining GMIN’s Oko West Project and G2’s Oko-Ghanie Project into a single, highly synergistic, Tier-1, Oko Project. Combines anticipated LOM average gold production of approximately 350 koz(1) from GMIN’s Oko West Project and 228 koz(2) from G2’s Oko-Ghanie Project into a single project with the potential to produce over 500 koz on a LOM average basis. Unlocks over C$1 billion of initially quantifiable expected synergies related to capital costs, operating costs, and throughput expansion due to shared infrastructure, mine sequencing, and permitting.(3)  Accelerates and simplifies the Oko-Ghanie Project’s permitting timeline by combining with the fully permitted Oko West Project. Combined company to be led by GMIN’s best-in-class management team with proven capability to develop, build, finance, and operate mines at the highest standards.Greater access to capital through GMIN’s robust free cash flow(4) from the Tocantinzinho mine in Brazil, US$288(5) million cash on hand, and access to an undrawn US$350 million revolving credit facility.Delivers substantial upfront premium to G2 shareholders and significant NAVPS accretion to GMIN shareholders from meaningful expected synergies.   BROSSARD, Quebec and TORONTO, April 09, 2026 (GLOBE NEWSWIRE) -- G Mining Ventures Corp. (“GMIN”) (TSX: GMIN, OTCQX:GMINF) and G2 Goldfields Inc. (“G2”) (TSX: GTWO, OTCQX: GUYGF) are pleased to announce that they have entered into a definitive agreement (the “Agreement”) whereby GMIN will acquire all of the issued and outstanding shares of G2 pursuant to a court approved plan of arrangement (the “Transaction”). The Transaction will consolidate two adjacent gold projects in Guyana: G2’s Oko-Ghanie Project and GMIN’s fully permitted and fully financed Oko West Project, creating a large-scale, low-cost gold mining hub in one of the most prospective emerging gold districts in the world. The Transacti...