G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported preliminary second-quarter gold production of 36,845 ounces from its 100%-owned Tocantinzinho Gold Mine in Brazil, a 16% increase from the first quarter. The company also reaffirmed its full-year production guidance of 160,000 to 190,000 ounces, with expectations for stronger output in the second half of 2026.
Year to date, the company has produced 68,691 ounces of gold and sold 71,215 ounces. During the quarter, the mine processed ore at an average rate of 11,121 tonnes per day with an average gold recovery of 91.9%. The second quarter also saw a record 6.3 million tonnes of material mined, as operations advanced waste stripping and pit development to access higher-grade Phase 2 mineralization.
The production increase underscores the company's operational progress at Tocantinzinho, which began commercial production earlier this year. G Mining Ventures expects production to be weighted toward the second half of 2026, with approximately 62% of annual output forecast for H2. The company plans to release its full second-quarter financial and operating results on August 12, followed by a conference call on August 13.
This news matters because it demonstrates the ramp-up of a new gold mine in a mining-friendly jurisdiction, contributing to global gold supply. For investors, the reaffirmed guidance provides clarity on near-term output, while the record mining volumes suggest operational efficiencies that could support future growth. The company's ability to access higher-grade zones positions it to potentially exceed targets if trends continue.
G Mining Ventures is focused on becoming a mid-tier precious metals producer, with assets including the Tocantinzinho mine, the Gurupi Project in Brazil, and the Oko West Project in Guyana. The company's progress at Tocantinzinho is a key indicator of its execution capabilities. For more details, the full press release is available at https://ibn.fm/5MjpF, and the latest news can be found at https://ibn.fm/GMINF.
