G Mining Receives Operating Licenses for Tocantinzinho Gold Mine, Brazil
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G Mining Ventures has received the operational licenses for GMIN’s 100 percent owned Tocantinzinho Gold Project in the State of Pará, Brazil. This was the last remaining permitting milestone for commercial operation. The project remains on time and budget for commercial production in the second half of 2024.
“This final step in the regulatory approval process for Tocantinzinho Gold Project is a testament to Brazil’s mining-friendly business environment, its well-structured permitting process, and our team’s commitment to excellence in everything we do. I am thrilled by the achievement of this major milestone and continue to be excited as I witness the steady progress being made in commissioning the plant allowing us to achieve commercial production in the very near term,” said Louis-Pierre Gignac, president and chief executive officer.
The licences received from the Pará State Environmental Agency, Secretaria de Estado de Meio Ambiente e Sustentabilidade (SEMAS), include the operating license for mining, processing plant, tailings facilities, and the new airstrip.
Receipt of these licenses marks the successful completion of all project construction activities and authorizes the mine to commence operations at full capacity.
G Mining is a mining company engaged in the acquisition, exploration, and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Gold Project in Brazil and Oko West Project in Guyana, both mining friendly and prospective jurisdictions.
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