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G Mining Ventures' Q2 Gold Production Drops YoY

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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.

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