Q3 and Q4 2023 Corporate Highlights
Future Cash Flow Opportunities
Retained Exposure to Tocantinzinho (TZ) Project
$
G Mining Ventures (GMIN-TSX) (Tocantinzinho)
~18% equity ownership of G Mining
•
TZ Feasibility Study (1) Highlights
•
•
•
Market cap C$770M (Jan. 15, 2024)
Graduated from TSXV to TSX on January 11, 2024(2)
Deferred cash payment to Eldorado of $60M will be paid on the first
anniversary of TZ commercial production
G Mining has the option to defer 50% (at a cost of $5M), in
which case US$30M is payable on the 1st anniversary of TZ
commercial production, and US$35M is payable on the 2nd
anniversary
Project remains on track and on budget for commercial production in
H2 2024
•
•
After-tax NPV 5% of $622 million and after-tax IRR of 24% at
$1,600/oz gold price
LOM of 10.5 years with average annual gold production of
174,700 ounces at AISC of $681/oz
Initial capital cost of $458 million
•
Total project is 76% complete (3)
•
Construction is 73% complete(3)
•
193km powerline construction completed and energized
ahead of schedule
(1)
eldorado gold (2)
G Mining Ventures Corp. published a Feasibility Study for the TZ Project on February 9, 2022 (LINK)
As per G Mining Ventures Corp. press release dated January 8, 2024
(3)
As per G Mining Ventures Corp. investor presentation dated January 14, 2024 (LINK)
Obidos
Santarem
Itaituba
TOCANTINZINHO
PROJECT
Jacareacanga
163)
Tocantinzinho Project
Pará, Brazil
Tocantinzinho
Mining Claims Highway
Belem Braganca
Breves
Tucurui
Maraba
Abaetetuba
Source: G Mining Ventures
VRIFY: LINK
Conceicao
do Araguaia
100
200 300
km
WGS 84, Mercator
43View entire presentation