G Mining Ventures Corp. has unveiled a comprehensive feasibility study for its Oko West Gold Project in Guyana, revealing robust economic prospects for a large-scale mining operation. The study projects total gold production of 4.3 million ounces over a 12.3-year period, with an impressive average annual production of 350,000 ounces. This substantial production profile establishes the project as a major potential contributor to global gold supply and represents a significant development for Guyana's mining sector.
The project demonstrates compelling financial metrics, including an all-in sustaining cost of $1,123 per ounce. Based on a gold price of $2,500 per ounce, the project carries an after-tax net present value of $2.2 billion and a 27% after-tax internal rate of return, indicating significant potential for investor returns. These strong economic indicators suggest the project could generate substantial value for stakeholders while operating efficiently in the current gold price environment.
Strategic planning is well underway, with final environmental permits anticipated in the second quarter of 2025. The company aims to make a construction decision in the second half of 2025, positioning the Oko West Project for near-term development. This timeline indicates the project could begin contributing to gold production within the next few years, addressing growing global demand for precious metals.
Located in Region 7 of Guyana, the project represents a significant investment in a mining-friendly jurisdiction. The comprehensive feasibility study underscores G Mining Ventures' commitment to developing sustainable and economically viable precious metal projects. The successful development of Oko West could have broader implications for mining investment in the region, potentially attracting additional exploration and development activities to Guyana's mineral-rich territories.
