G Mining Ventures Corp. reported a defining third quarter as the Tocantinzinho mine delivered steady-state output of 46,360 ounces, record revenues of $161.7 million, free cash flow of $95.8 million, adjusted EBITDA of $122.6 million, and net income of $123.8 million. The company maintained a low all-in sustaining cost of $1,046 per ounce, resulting in strong margins during the period. This performance demonstrates the operational efficiency achieved at Tocantinzinho as the mine reaches steady-state production levels, positioning the company well for continued growth in the precious metals sector.
The company is advancing disciplined, self-funded growth with construction underway at the Oko West project in Guyana while the Gurupi project progresses through permitting and exploration phases. Management emphasized the company's focus on developing long-life, low-cost operations that generate sustainable returns for shareholders. The strong financial performance at Tocantinzinho provides the capital foundation for funding these growth initiatives without requiring external financing, highlighting the company's strategic approach to mine development and capital allocation.
G Mining Ventures' current operations are anchored by the Tocantinzinho Gold Mine in Brazil and the Oko West Gold Project in Guyana, both located in mining-friendly and prospective jurisdictions. The company's strategy centers on capitalizing on the value uplift from successful mine development through its proven development expertise and strong access to capital markets. The ability to generate substantial free cash flow while maintaining low production costs represents a significant competitive advantage in the gold mining industry. Additional information about the company's performance and projects is available in their newsroom.
