G Mining Ventures Advances Oko West Gold Project on Schedule and Budget

Event summary

  • G Mining Ventures' Oko West gold project in Guyana is 19.7% complete as of Q1 2026, with US$292 million spent and US$525 million committed.
  • First gold pour is targeted for the second half of 2027, with commercial production expected in January 2028.
  • Detailed engineering is 80% complete, and procurement is 80% complete, with key contracts secured ahead of inflationary pressures.
  • The on-site workforce has increased to 1,379 personnel, with 82% being Guyanese nationals.
  • GMIN has acquired a 20% interest in Rock Solid International Inc. to secure long-term logistics at the Georgetown port facility.

The big picture

G Mining Ventures' progress on the Oko West project underscores its strategic focus on early development to mitigate inflation and schedule risks. The project's scale—targeting 350,000 ounces of gold annually—positions GMIN to significantly boost its production capacity by 2028. The company's commitment to local employment and logistics investments highlights its long-term operational strategy in Guyana.

What we're watching

Execution Risk
Whether G Mining Ventures can maintain its current pace of construction and procurement efficiency amid potential inflationary pressures.
Logistics Management
How the newly acquired Georgetown port facility will impact the project's supply chain and cost efficiency.
Local Employment
The pace at which G Mining Ventures can sustain its local hiring and training programs to meet its workforce goals.

Related topics

Mining