G Mining Ventures Corp. has released a comprehensive feasibility study for its Oko West Gold Project in Guyana, revealing robust economic projections that could position the company as an emerging player in the gold mining sector.
The study outlines an ambitious 12.3-year mining operation with total projected gold production of 4.3 million ounces. The project anticipates an average annual production of 350,000 ounces at an all-in sustaining cost of $1,123 per ounce, indicating potentially competitive operational efficiency.
Financial metrics underscore the project's attractiveness, with an after-tax net present value of $2.2 billion based on a gold price of $2,500 per ounce. The project also boasts a 27% after-tax internal rate of return, suggesting significant potential for investor returns.
The company expects to secure final environmental permits in the second quarter of 2025, with a construction decision targeted for the second half of the same year. These timelines indicate a methodical approach to development and environmental compliance.
The Oko West Project represents a strategic expansion for G Mining Ventures, potentially strengthening its position in the precious metals mining landscape. The project's location in Guyana, described as a mining-friendly jurisdiction, could provide additional operational advantages.
