G Mining Ventures' Q1 Gold Output Dips on Planned Waste Stripping
Event summary
- G Mining Ventures produced 31,846 oz of gold in Q1 2026, down from 47,346 oz in Q4 2025 due to planned processing of lower-grade material.
- Average gold grade processed was 1.03 g/t Au, lower than 1.49 g/t Au in Q4 2025.
- Strip ratio increased to 4.4x as mining focused on waste stripping and pit advancement to access higher-grade Phase 2 mineralization.
- Company maintains 2026 production guidance of 160,000 to 190,000 oz, with 62% expected in H2 2026.
The big picture
G Mining Ventures' Q1 results reflect a strategic trade-off between short-term production and long-term grade improvement. The focus on waste stripping and pit advancement aligns with broader industry trends of optimizing mine plans for higher-grade ore access. The company's ability to execute this strategy will be critical in maintaining investor confidence and achieving its mid-tier producer ambitions.
What we're watching
- Grade Improvement
- Whether the planned increase in grade and production in H2 2026 will materialize as higher-grade Phase 2 mineralization is accessed.
- Operational Efficiency
- How the company will manage the higher strip ratio and maintain steady-state operations to improve productivity.
- Guidance Delivery
- The pace at which G Mining Ventures can deliver on its 2026 production guidance, given the front-loaded waste stripping.
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