G Mining Ventures Completes Acquisition of G2 Goldfields in $150M Deal — G Mining Ventures Corp.

Event summary

G Mining Ventures Corp. (GMIN) completed its acquisition of G2 Goldfields Inc. (G2) on July 29, 2026, exchanging 0.212 GMIN shares and 0.50 G3 shares for each G2 share.
The deal creates a large-scale, low-cost gold mining complex in Guyana by combining adjacent deposits under a single operation.
G2 shares will be delisted from the TSX and OTCQX, while G3 has applied to list its shares on the Canadian Securities Exchange (CSE).
GMIN plans to verify historical mineral resource estimates through additional drilling and geological modeling.

The big picture

This acquisition solidifies GMIN's footprint in one of the world's most prospective gold districts, aligning with broader industry trends of consolidation among mid-tier producers. The deal underscores the strategic importance of combining adjacent deposits to create scalable, low-cost operations. With the spin-out of G3, GMIN also demonstrates a focus on streamlining its portfolio while maintaining exposure to high-potential assets.

What we're watching

Resource Verification: How the pace of additional drilling and geological modeling will impact the combined mineral resource estimates.
Operational Synergies: Whether GMIN can sustain long-term value generation through shared infrastructure and optimized mine planning.
Market Positioning: The extent to which this acquisition strengthens GMIN's position as a leading intermediate gold producer in the Americas.