G Mining Ventures Corp. (GMIN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to G-Mining Ventures results for the second quarter and first half of 2025. All participants are in listen-only mode. Following the formal remarks, we'll open the line for questions. Please note that today's call is being recorded. I'll now turn the call over to G-Mining Ventures. Please go ahead. Thank you, Operator, and good morning, everyone. My name is Jean-Francois Le Monde, VP of Investor Relations. Before we begin, I'd like to remind everyone that certain statements made on this call may constitute forward-looking information. Please refer to our Q2 2025 MD&A and news release for important cautionary notes and risk factors. Joining me today are Louis-Pierre Gignac, President and CEO, and Julie Lafleur, CFO. Today's remarks will walk through the operational and financial highlights of Q2 and half-year 2025, progress at OkoWest, updates on GuruP, and closing the call with our catalyst and outlook for the rest of the year. Louis-Pierre, over to you. Thank you, JS, and good morning, everyone. With gold prices up nearly 40% year-over-year and sector margins at record highs, Ximin advanced on multiple fronts, reaching steady-state operations at Token Tanzino, generating record-free cash flow to strengthen our cash position, while progressing development at the flagship Oko West project and driving exploration across the portfolio. At Token Tanzino, plant ramp-up is now complete, and expert systems commissions are leading to gold recoveries achieving 90% in line with expectations. At Oko West, early works construction is progressing nicely and continuing to build momentum with ramp up of the workforce now reaching 485 people. With the EPA having recently approved the ESIA, we now await the imminent issuance of the full permit. Exploration fie...