G Mining Ventures ( (TSE:GMIN) ) just unveiled an announcement.
G Mining Ventures reported strong financial results for the fourth quarter and full year of 2024, marking its first full quarter of commercial production. The company produced 40,147 ounces of gold and achieved a net income of $47.6 million, highlighting its successful execution of the ‘Buy. Build. Operate.’ strategy. The acquisition of Oko West and the Gurupi project positions G Mining Ventures to significantly increase its annual production, reinforcing its status as a low-cost, high-growth gold producer. With robust cash flow from the TZ project, the company is well-positioned to fund future growth and exploration activities, focusing on strategic investments and project execution.
More about G Mining Ventures
G Mining Ventures Corp. operates in the gold mining industry, focusing on low-cost, high-growth gold production. The company is engaged in the acquisition, development, and operation of gold mining projects, with a market focus on expanding its production capabilities and long-term value creation.
YTD Price Performance: 58.61%
Average Trading Volume: 86,535
Technical Sentiment Signal: Sell
Current Market Cap: $2.85B
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