Historical Operating Results and Sustainability Framework
Future Cash Flow Opportunities
•
.
•
Retained Exposure to Tocantinzinho (TZ) Project
$
G Mining Ventures (Tocantinzinho)
~18% equity ownership of G Mining
GMIN-TSXV market cap is ~C$639M (Jan. 2,
2024)
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 $30M is payable on the 1st
anniversary of TZ commercial production, and
$35M is payable on the 2nd anniversary
Project remains on track and on budget for commercial
production in H2 2024
Total project is 71% complete (2)
•
•
TZ Feasibility Study (1) Highlights
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
Itaituba
Santarem
Tocantinzinho Project
Pará, Brazil
Tocantinzinho
Mining Claims Highway
Belem Braganca
Breves
Tucurui
Maraba
TOCANTINZINHO
PROJECT
Abaetetub
Construction is 67% complete (2)
eldorado gold
Jacareacanga
Source: G Mining Ventures
VRIFY: LINK
(1) G Mining Ventures Corp. published a Feasibility Study for the TZ Project on February 9, 2022 (LINK)
(2)
As per G Mining Ventures Corp. investor presentation dated December 2023 (LINK)
163)
Conceicao
do Araguaia
0
100 200 300
WGS 84, Mercator
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