-- G Mining Ventures (GMIN.TO) provided a status update as of first quarter of 2026 on its 100%-owned Oko West Gold project in Guyana, which continues to advance on schedule and on budget, with first gold pour targeted for the second half of 2027 and commercial production expected in January 2028, it said on Tuesday.
The company has made substantial progress across engineering, procurement, site infrastructure and process plant development, while enhancing cost visibility and execution certainty since commencing development activities in October 2025, it said. Safety performance "remains strong," with one lost-time incident recorded to date, resulting in a Total Recordable Incident Frequency Rate of 0.37.
The company also reported that overall project progress has reached 19.7% based on earned value, with construction advancing on schedule. About US$292 million has been spent to date, with US$525 million committed.
The project remains on budget. Detailed engineering and procurement is about 80% complete.
Total capital expenditures guidance at Oko West for 2026 and 2027 remains unchanged at US$514 to US$568 million and US$217 to US$240 million, respectively, it added. Infrastructure detailed design is scheduled to be completed in Q2 of 2026, and process plant detailed engineering is 70% complete.
Shares of the company closed down 0.7% to $47 on Monday on the Toronto Stock Exchange.