G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported financial and operating results for the third quarter ended Sept. 30, 2026, highlighted by net income of $99.5 million, or $0.36 per share, and revenue of $172.7 million. The company also recorded adjusted net income of $88.8 million, or $0.32 per share, and free cash flow of $80 million, according to the G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) press release. These results underscore the company's ability to generate robust profitability and cash flow from its flagship asset, the Tocantinzinho gold mine in Brazil.
The Tocantinzinho mine produced 44,960 ounces of gold during the quarter, a 22% increase from the previous quarter. Total cash costs declined 8% to $960 per ounce sold, while all-in sustaining costs decreased 6% to $1,591 per ounce sold. The company ended the quarter with $137 million in cash and cash equivalents and a net cash position of $105.8 million, providing a solid financial foundation for ongoing development activities.
G Mining Ventures reaffirmed its 2026 production guidance of 160,000 to 190,000 ounces of gold, with output expected to rise in the fourth quarter as higher-grade ore contributes to production. The company also reported that construction of the Oko Gold Project in Guyana remains on schedule and within budget, with first gold production targeted for the second half of 2027. As of Sept. 30, approximately $556 million, or 57% of the project's $973 million initial capital budget, had been spent.
In addition, the company is advancing environmental studies and an updated mineral resource estimate at its Gurupi project, with a preliminary economic assessment targeted by year-end 2026. These developments position G Mining Ventures for continued growth and diversification across mining-friendly jurisdictions in Brazil and Guyana.
The strong quarterly performance is significant for investors and the mining industry as it demonstrates G Mining Ventures' operational efficiency and financial discipline. For a company aiming to become the next mid-tier precious metals producer, the ability to generate substantial free cash flow while simultaneously investing in growth projects like Oko is a key differentiator. The reaffirmed production guidance and declining cost profile suggest that the company is well-positioned to deliver value despite volatile gold prices and inflationary pressures.
For more details, the full press release is available at https://ibn.fm/aAtVS. The latest news and updates relating to GMINF can be found in the company's newsroom at https://ibn.fm/GMINF.
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