G Mining Ventures Corp. GMINF

Primary Symbol: T.GMIN

Metals & Mining Gold

G Mining Ventures Corp. is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects, to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by its flagship Tocantinzinho Project in mining friendly and prospective State of Pará, Brazil. Tocantinzinho is an open-pittable gold deposit containing 2.0 million ounces of reserves at 1.3 g/t. The Project is fully financed and currently under construction, with commercial production anticipated in 2H 2024. The deposit is open at depth, and the underexplored 996km2 land package presents additional exploration potential.

TSX:GMIN - Post by User

G Mining Ventures Corp.

<< Previous

Bullboard Posts

Next >>

Post by Betteryear2on Apr 23, 2024 12:46pm

53 Views

Post# 36003516

Completes Second and Final Draw on $75 Million Term Loan

All amounts are in USD unless stated otherwise

BROSSARD, QC, April 23, 2024 /CNW/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that it has drawn the remaining approximately $33 million on its $75 million senior secured term loan with an affiliate of Franco-Nevada Corporation ("Franco-Nevada"), as previously announced in July 2022. The proceeds of the term loan will be used to continue the development and construction of GMIN's 100% owned Tocantinzinho Gold Project ("TZ" or the "Project"), currently under construction in the State of Par, Brazil. The Project remains on track and on budget for commercial production in H2-2024.

G Mining Ventures Completes Second and Final Draw on $75 Million Term Loan from Franco-Nevada (newswire.ca)