Name of the Project
Tocantinzinho gold project.

Location
Para state, Brazil.

Project Owner/s
G Mining Ventures Corp.

Project Description
The project has robust economics for a low-cost, large-scale, conventional openpit mining and milling operation, with industry-leading operating costs and a high rate of return.

The project outlines total gold production of 1.83-million gold ounces over 10.5 years. Average mill throughput a year is estimated at 4.6-million tonnes, resulting in an average gold production profile of 174 700 oz/y. 

The feasibility study project mine plan is based on proven and probable mineral reserves of 48.7-million tonnes at an average gold grade of 1.31 g/t for 2.04-million contained ounces of gold as of December 10, 2021.

Potential Job Creation
About 2 200 employees and contractors are currently employed at the project, of whom 95% are local Brazilians.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 5% discount rate, of $622-million and an after-tax internal rate of return of 24%, with a payback of 3.2 years.

Capital Expenditure
Initial capital costs are estimated at $427-million.

Planned Start/End Date
The project is construction-ready and first production is expected in the second half of 2024.

Latest Developments
G Mining has completed its first exports of doré bars from the Tocantinzinho mine to a refinery, in Switzerland.

The project remains on time and budget for commercial production in the second half of 2024.

Key Contracts and Suppliers
None stated.

Contact Details for Project Information
G Mining Ventures Corp, email info@gminingventures.com.