G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported second-quarter 2026 revenue of $157.1 million, driven by sales of 37,439 ounces of gold at an average realized price of $4,197 per ounce. The company's gold production totaled 36,845 ounces, a 16% increase sequentially, while net income reached $72 million, or $0.30 per basic share. Free cash flow totaled $84.8 million, and the company ended the quarter with $225.7 million in cash and cash equivalents and $33 million in long-term debt, resulting in a net cash position of $192.7 million.
G Mining maintained its 2026 production guidance of 160,000 to 190,000 ounces, with approximately 61% of output expected in the second half as higher-grade Phase 2 mineralization is accessed at its Tocantinzinho mine in Brazil. The company revised its full-year cash cost guidance to $836-$965 per ounce and all-in sustaining cost guidance to $1,330-$1,544 per ounce, while maintaining capital expenditure guidance.
The company also highlighted progress on its growth projects. Construction at the Oko gold project in Guyana remains on schedule, with first gold targeted for the second half of 2027. The completed G2 Goldfields acquisition is expected to support the development of an expanded Oko gold project, which could significantly increase the company's production profile.
These results underscore G Mining's strong operational performance and financial position, positioning the company to continue its growth trajectory as a mid-tier precious metals producer. The maintained guidance reflects management's confidence in its operating assets and development projects, while the net cash position provides financial flexibility for future investments.
Investors can view the full press release at https://ibn.fm/jd2EN.
For more information about G Mining Ventures Corp., visit the company's newsroom at https://ibn.fm/GMINF.
