G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) announced record first-quarter 2026 financial results, reporting net income of $80.4 million and free cash flow of $56.2 million. The strong performance was driven by robust margins at its Tocantinzinho gold mine in Brazil, supported by higher realized gold prices. The company produced 31,846 ounces of payable gold during the quarter, maintaining its full-year production guidance of 160,000 to 190,000 ounces. As of the end of the quarter, G Mining Ventures had total available liquidity of $637.2 million, positioning it to advance growth initiatives including the Oko West project in Guyana and its proposed acquisition of G2 Goldfields.
The record quarterly results underscore the company's ability to generate significant cash flow from its operating assets while pursuing expansion opportunities. The Tocantinzinho mine, which began commercial production in late 2024, has quickly become a cornerstone asset, delivering strong margins amid a favorable gold price environment. The company's liquidity position of over $637 million provides substantial financial flexibility to fund development projects and strategic acquisitions without diluting existing shareholders.
G Mining Ventures is focused on becoming a mid-tier precious metals producer by leveraging its development expertise and access to capital. The company's portfolio includes the Tocantinzinho Gold Mine and the Gurupi Project in Brazil, as well as the Oko West Project in Guyana. The proposed acquisition of G2 Goldfields would further expand its asset base in mining-friendly jurisdictions. The company trades on the TSX under the symbol "GMIN" and on the OTCQX under "GMINF."
The quarterly results demonstrate the company's operational and financial strength as it executes its growth strategy. With a strong balance sheet and a pipeline of development projects, G Mining Ventures is well-positioned to capitalize on opportunities in the precious metals sector. Investors can find the latest news and updates regarding GMINF at the company's newsroom at https://ibn.fm/GMINF. The full press release is available at https://ibn.fm/67ezF.
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