G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF) reported strong operational and financial results for the first quarter of 2025, generating $36 million in free cash flow and reaffirming its 2025 production guidance of up to 200,000 ounces.
The company produced 35,578 ounces of gold at an all-in sustaining cost (AISC) of $960 per ounce at its Tocantinzinho (TZ) mine in Brazil, below its full-year cost guidance.
Sales totaled 35,435 ounces, generating $98 million in revenue at an average realized gold price of $2,766 per ounce.
G Mining reported net income of $24.4 million, or $0.11 per share, and adjusted net income of $35.4 million, or $0.16 per share, while adjusted EBITDA came in at $68.6 million. Cash and cash equivalents totaled $149 million at quarter-end.
Gold recoveries remained strong at over 88%, and plant throughput averaged 10,046 tonnes per day, or 78% of nameplate capacity. The company expects throughput to…
