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. (TSX: GMIN) (OTCQX: GMINF) 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 permit follows nearly two years of comprehensive environmental and social studies and a multi-stakeholder review process, marking a significant regulatory milestone for the project's development timeline.
The Oko West Gold Project is expected 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 anticipated later this year. This employment impact represents a major contribution to Guyana's mining sector and regional economic development.
This regulatory achievement 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. The ranking reflects Guyana's favorable mining policies and regulatory environment, making it an attractive destination for mining investment and development. Additional information about the company's developments can be found at https://ibn.fm/v47ax.
The environmental permit represents a critical step in the project's advancement, demonstrating the company's commitment to responsible mining practices and regulatory compliance. The multi-stakeholder review process ensured that environmental and social considerations were thoroughly addressed, aligning with international best practices for sustainable resource development.
For investors and stakeholders seeking current information, company updates are available at https://ibn.fm/GMINF. The Oko West Gold Project, along with the company's TZ Gold Mine in Brazil, positions G Mining Ventures to capitalize on precious metal opportunities in mining-friendly jurisdictions, leveraging the company's access to capital and development expertise to grow into a mid-tier precious metals producer.
Curated from InvestorBrandNetwork (IBN)
