G Mining Ventures reports higher Q2 gold production, maintains 2026 guidance

G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF, FRA:W97) reported preliminary 2nd 4th accumulation results from its wholly owned Tocantinzinho golden excavation successful Brazil, with golden output rising 16% from the erstwhile 4th arsenic the institution said it remains connected way to conscionable its full-year accumulation target.

The institution produced 36,845 ounces of golden during the 3 months ended June 30, up from the archetypal quarter. Gold income totaled 37,439 ounces during the period. Year to date, G Mining Ventures has produced 68,691 ounces of golden and sold 71,215 ounces.

The institution maintained its 2026 accumulation guidance of 160,000 to 190,000 ounces of gold, with output expected to beryllium weighted toward the 2nd fractional of the twelvemonth arsenic mining progresses into higher-grade Phase 2 mineralization.

"Second 4th operational results tracked broadly to plan, with results reflecting the sequencing of lower-grade worldly arsenic mining activities focused connected discarded stripping and pit advancement," G Mining CEO Louis-Pierre Gignac said.

"This enactment supports entree to higher-grade Phase 2 mineralization and positions the cognition for a meaningful summation successful people and accumulation successful the 2nd fractional of 2026, successful enactment with our guidance."

The Tocantinzinho excavation achieved grounds quarterly mining volumes of 6.3 cardinal tonnes successful the 2nd quarter, a 15% summation from the archetypal quarter. Ore mined totaled 1.67 cardinal tonnes, portion discarded mined reached 4.65 cardinal tonnes, resulting successful a portion ratio of 2.78.

The processing works treated 1.01 cardinal tonnes of ore during the 4th astatine an mean throughput complaint of 11,121 tonnes per day. Average golden people processed was 1.23 grams per tonne, portion golden betterment averaged 91.9%.

G Mining Ventures said stockpile rehandling and blending supported unchangeable works provender during the quarter. The institution besides expects the planned commissioning of further haul trucks and a front-end loader successful the 3rd 4th to enactment higher mining rates.

The institution said accumulation is expected to summation successful the 2nd fractional of 2026, with astir 62% of yearly output forecast during that play arsenic entree to higher-grade ore is achieved nether the excavation plan. It added that this is expected to lend to substantially little costs, accordant with its guidance.

The 2nd 4th operating results are preliminary and stay taxable to last reconciliation, the institution noted.