G Mining Ventures Secures Environmental Permit for Oko West Gold Project in Guyana
TL;DR
G Mining Ventures gains a strategic advantage with Guyana's environmental permit for Oko West, enabling construction and operation through 2030 in a top-ranked mining jurisdiction.
The permit followed nearly two years of environmental and social studies plus a multi-stakeholder review process, authorizing construction and operation through July 2030.
The Oko West Gold Project will create an average of 1,270 direct permanent jobs, supporting local communities and economic development in Guyana.
Guyana was recently ranked a top 10 global mining jurisdiction by the Fraser Institute, highlighting its favorable mining environment.
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G Mining Ventures Corp. has received the Environmental Permit from Guyana's Environmental Protection Agency for its Oko West Gold Project, authorizing construction and operation through July 2030. The approval follows nearly two years of comprehensive environmental and social studies and a multi-stakeholder review process, marking a significant milestone for the mining company's operations in South America. This regulatory achievement demonstrates the successful navigation of complex environmental assessment processes and underscores the company's commitment to responsible mining practices.
The Oko West Gold Project is projected to create an average of 1,270 direct permanent jobs throughout its operational lifetime, providing substantial economic benefits to the local community and supporting a construction decision expected later this year. The multi-year authorization provides operational certainty and establishes a framework for sustainable development in the region, aligning with global standards for environmental protection and community engagement in mining operations. This development strengthens G Mining Ventures' partnership with the Government of Guyana, which was recently ranked among the top 10 global mining jurisdictions by the Fraser Institute, highlighting the country's favorable regulatory environment for mining operations.
The environmental permit represents a critical step forward for the company's strategic development plans, enabling the progression of one of its key anchor projects alongside the existing TZ Gold Mine in Brazil. Both projects are located in mining-friendly jurisdictions that offer favorable conditions for precious metal extraction and development. For additional information about the company's developments, investors can access updates through the company's newsroom at https://ibn.fm/GMINF. The permit authorization through 2030 provides long-term operational stability while ensuring compliance with environmental standards, positioning the project for successful implementation and contributing to regional economic growth through sustained employment and community development initiatives.
Curated from InvestorBrandNetwork (IBN)
