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G Mining Ventures releases strong feasibility study update on Tocantinzinho Project

Published: 08:41 10 Feb 2022 EST

G Mining Ventures (TSX-V:GMIN) CEO Louis-Pierre Gignac joined Steve Darling from Proactive to share the results of the company’s 2022 Feasibility Study for the revised development of the permitted Tocantinzinho Gold Project in Brazil.

Gignac telling Proactive this is an update from their 2019 FS and show very good numbers including after-tax NPV5% of $622 million and after-tax IRR of 24% at $1,600/oz gold price. The report also calls for a 10.5-year mine life, a 12% increase in mineral reserves to 2.0 million gold ounces, and an annual gold production of 174,700 ounces at AISC of $681/oz.

G Mining Ventures Corp Provides Positive Update on Tocantinzinho Gold Project

G Mining Ventures Corp (TSX-V:GMIN, OTCQX:GMINF) CEO Louis-Pierre Gignac joined Steve Darling from Proactive to share an encouraging update on the commissioning progress of the Tocantinzinho Gold Project in Brazil. This ambitious project is designed to produce approximately 175,000 ounces of...

on 19/6/24