G Mining Ventures Secures Major Tax Incentive for Brazilian Gold Mine

G Mining Ventures Corp. has received approval from Brazil's Superintendência do Desenvolvimento da Amazônia (SUDAM) to include its Tocantinzinho Gold Mine in Pará State within the regional development tax incentive program. This strategic approval substantially reduces the nominal corporate income tax rate for the Tocantinzinho project from 34% to approximately 15.25% for a ten-year period beginning in fiscal 2025, with potential for renewal beyond the initial term.

The tax incentive represents a significant financial advantage for G Mining Ventures, strengthening the overall economics of the Tocantinzinho Gold Mine operation. According to CEO Louis-Pierre Gignac, the reduced tax burden will expand operational margins and boost free cash flow generation. This enhanced financial position will support the company's broader growth initiatives, including development of the Oko West Gold Project in Guyana and continued exploration activities at the Gurupi property.

The SUDAM approval underscores Brazil's commitment to fostering economic development in the Amazon region while providing meaningful incentives for responsible mining operations. For investors and stakeholders, this tax benefit translates to improved project returns and stronger financial metrics for the Tocantinzinho operation. The reduced tax rate effectively increases the mine's net present value and internal rate of return, making it more competitive within the global gold mining landscape.

G Mining Ventures' successful navigation of the SUDAM application process demonstrates the company's expertise in managing complex regulatory environments in mining-friendly jurisdictions. The Tocantinzinho Gold Mine serves as the company's anchor asset in Brazil, while the Oko West Gold Project represents its strategic foothold in Guyana's emerging gold district. Additional information about the company's developments can be found at https://ibn.fm/gESpw.

The tax incentive comes at a crucial time for the gold mining industry, where operational efficiency and cost management have become increasingly important amid fluctuating gold prices and rising production costs. By securing a nearly 19-percentage-point reduction in corporate income tax, G Mining Ventures has positioned the Tocantinzinho project for enhanced profitability and sustainability throughout its operational life.

This development highlights the importance of strategic tax planning and government relations in the mining sector, particularly in jurisdictions offering development incentives. The substantial tax savings will provide G Mining Ventures with additional capital to fund exploration, development, and potential acquisition opportunities, supporting the company's objective of becoming a mid-tier precious metals producer. Investors can monitor the company's progress through updates available at https://ibn.fm/GMINF.