G Mining Ventures Corp. has unveiled the results of its comprehensive feasibility study for the Oko West Gold Project, signaling a significant potential investment in Guyana's mining sector. The study demonstrates a robust economic framework for a large-scale open-pit and underground mining operation with promising financial projections.
The proposed project is expected to generate approximately 4.3 million gold ounces over its 12.3-year operational lifecycle, with an anticipated average annual production of 350,000 ounces. Notably, the project's all-in sustaining cost (AISC) is estimated at $1,123 per ounce, indicating competitive operational efficiency in the gold mining industry.
Financial metrics reveal substantial potential, with an after-tax net present value (NPV) of $2.2 billion and a 27% after-tax internal rate of return (IRR), calculated using a gold price of $2,500 per ounce. These figures suggest a significant opportunity for investor interest and potential economic impact in the region.
The project timeline indicates environmental permit acquisition is expected in the second quarter of 2025, with a construction decision targeted for the second half of the same year. This strategic approach demonstrates careful planning and commitment to environmental compliance and sustainable development.
Located in Region 7 of Guyana, the Oko West Gold Project represents a strategic investment in a mining-friendly jurisdiction. The project's comprehensive feasibility study underscores G Mining Ventures' commitment to methodical project development and potential growth in the precious metals sector.
The study's results highlight the potential for creating economic value through responsible mineral resource development. With its projected production volume, competitive operational costs, and strong financial returns, the Oko West Gold Project could significantly contribute to Guyana's economic landscape and the global gold mining industry.
