G Mining Ventures' Q2 Gold Production Drops YoY
G Mining Ventures (GMIN.TO) reported gold production of 36,845 ounces from its Tocantinzinho gold mine in Brazil during the second quarter, falling from 42,587 ounces produced a year ago, according to preliminary results. Gold sales in the second quarter totaled 37,439 ounces, down from last year's sales of 40,082 ounces, the miner said Thursday. G Mining said its second-quarter results reflected the sequencing of lower-grade material as mining activities focused on waste stripping and pit advancement. "This work supports access to higher-grade phase two mineralization and positions the operation for a meaningful increase in grade and production in the second half of 2026, in line with our guidance," CEO Louis-Pierre Gignac said. G Mining said its year-to-date gold production hit 68,691 ounces, putting the company on track to achieve its full-year production guidance of 160,000 to 190,000 ounces of gold.
TO) reported gold production of 36,845 ounces from its Tocantinzinho gold mine in Brazil during the second quarter, falling from 42,587 ounces produced a year ago, according to preliminary results. Gold sales in the second quarter totaled 37,439 ounces, down from last year's sales of 40,082 ounces, the miner said Thursday. G Mining said its second-quarter results reflected the sequencing of lower-grade material as mining activities focused on waste stripping and pit advancement.
"This work supports access to higher-grade phase two mineralization and positions the operation for a meaningful increase in grade and production in the second half of 2026, in line with our guidance," CEO Louis-Pierre Gignac said. G Mining said its year-to-date gold production hit 68,691 ounces, putting the company on track to achieve its full-year production guidance of 160,000 to 190,000 ounces of gold.