G Mining Ventures' Q3 2026 Financial Results Show Robust Cash Flow

Overview of G Mining Ventures' Q3 Results

BROSSARD, QUÉBEC, Nov. 12, 2026 – G Mining Ventures Corp. (TSX: GMIN, OTCQX: GMINF) has announced its financial results for the third quarter ended September 30, 2026, revealing a strong performance driven by operational efficiency and effective cost management.

Significant Operational Achievements

In the third quarter, Tocantinzinho (TZ) achieved gold production of 44,960 ounces, marking a 22% increase compared to the previous quarter due to higher-grade ore extraction and enhanced processing capabilities. This operational success yielded total cash costs of $960 per ounce sold, which is 8% lower than in the second quarter, while the All-In Sustaining Costs (AISC) were reported at $1,591 per ounce, down 6%. These reductions are a testament to the company’s robust operational discipline amidst the broader industry inflationary landscape.

Strong Financial Performance

The company's financial performance was underscored by a quarterly net income of $99.5 million, equating to $0.36 per basic share, and an adjusted net income of $88.8 million or $0.32 per share. Cash generated from operating activities, excluding working capital adjustments, totaled $114.8 million. The free cash flow for the quarter reached $80 million, reflecting the synergy between operational excellence and favorable gold prices.

Guidance and Future Outlook

G Mining Ventures anticipates a solid finish to 2026, projecting full-year gold production to align with the midpoint of its guidance range of 160,000 to 190,000 ounces. This is bolstered by the upcoming full-quarter contribution from higher-grade Phase 2 ore. The guidance for total cash costs remains stable at $836 to $965 per ounce and AISC at $1,330 to $1,544 per ounce, demonstrating the company’s commitment to maintaining cost efficiency during rising industry-wide challenges.

Capital Expenditures and Project Updates

For the year, G Mining Ventures has earmarked capital expenditures between $583 million to $649 million, with expenditures for capitalized exploration anticipated to exceed previous forecasts due to the newly initiated infill drilling program linked to the Oko Gold Project in Guyana. As of September 30, construction progress at Oko Gold has achieved approximately 38.4%, with $556 million invested so far, indicating the project is on track for its first gold pour in the latter half of 2027.

Additionally, the company has repurchased 102,500 shares in the third quarter, investing $3.6 million as part of its ongoing normal course issuer bid, aiming to strategically manage cash resources while investing in growth opportunities.

Conclusion

With robust operational results and a strong financial outlook, G Mining Ventures is positioned to capitalize on growth opportunities as it moves towards significant milestones in its mining operations. Investors and stakeholders can look forward to continued progress in production and project development in the coming quarters.