G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has completed its acquisition of G2 Goldfields (TSX: GTWO) (OTCQX: GUYGF) through a court-approved plan of arrangement, creating what the company describes as a large-scale, fully permitted and fully financed tier-one gold mining complex in Guyana. Under the transaction, each G2 share was exchanged for 0.212 GMIN common shares and 0.50 common shares of G3 Goldfields, which was spun out as part of the arrangement.
The combination of the adjacent Oko West and Oko-Ghanie deposits is expected to generate operational and capital synergies through shared infrastructure, optimized mine planning, greater processing capacity and enhanced operational flexibility. G Mining Ventures said the merger positions the company to advance the Oko West project alongside the Oko-Ghanie resource, potentially creating one of the largest gold development projects in South America.
However, GMIN clarified that previously disclosed mineral resource estimates for the Oko-Ghanie Project should be considered historical estimates under NI 43-101 and not current mineral resources from GMIN’s perspective. The company said it will undertake additional geological modeling, data integration and drilling before issuing updated combined mineral resource estimates and a supporting technical report, with further technical studies expected to culminate in a comprehensive report in 2027.
The transaction underscores GMIN’s strategy of consolidating district-scale gold assets in mining-friendly jurisdictions. GMIN is already anchored by the Tocantinzinho Gold Mine and the Gurupi Project in Brazil, and the addition of the Guyana assets expands its footprint in the Guiana Shield, a region known for significant gold deposits. The company’s proven development expertise and strong access to capital are expected to drive the project forward.
Investors can find the latest news and updates relating to GMINF in the company’s newsroom at https://ibn.fm/GMINF. For more information on G Mining Ventures, visit https://ibn.fm/ElDvh.
