Permanent camp construction at the Oko West site. Credit: CNW Group / G Mining Ventures.
Canada’s G Mining Ventures (TSX: GMIN) said it’s going ahead with construction of the $973 million Oko West mine in Guyana that’s expected to start pouring gold in two years.
The capital expenditure budget, which includes an 8.8% contingency, matches the amount outlined in the project’s pre-feasibility study, G Mining said Thursday. The decision to build follows the receipt of environmental permits and the conclusion of a financing package earlier this month.
Oko West, located about 120 km southwest of Guyana’s capital Georgetown, is one of two projects that Brossard, Quebec-based G Mining is counting on to anchor future output. The other, Brazil’s Tocantinzinho, started producing gold in September 2024, with the company already booking cash flow.
“With strong economics at spot prices, we see Oko West…
