G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF) has reported strong financial results for the fourth quarter and full-year 2024, driven by the first full quarter of commercial production at the Tocantinzinho (TZ) Mine in Brazil.
The company produced 40,147 ounces of gold in Q4 and 63,566 ounces for the year, with all-in sustaining costs (AISC) of $862 per ounce and $972 per ounce, respectively.
Net income reached $47.6 million or $0.26 per share in Q4 and $62 million for the year.
G Mining Ventures exited the year with $141.2 million in cash, benefiting from $53 million in free cash flow generated by TZ in Q4.
The company plans to use this cash flow to advance development projects, including the Oko West gold project in Guyana and the Gurupi project acquired from BHP.
“With just four months of commercial production, TZ is already generating significant free cash flow, giving us the financial flexibility to fund our next…
