G Mining Ventures Corp. has marked a significant milestone in the development of its Oko West Gold Project in Guyana by commencing site preparation activities.
According to a press release, this move follows the receipt of an Interim Environmental Permit (IEP) from the Guyana Environmental Protection Agency (EPA) in January 2025, which has enabled the company to initiate early construction works ahead of schedule.
The early works programme is part of the project’s total capital expenditure guidance of $200 to $240 million for 2025.

The site preparation activities currently underway include the construction of key infrastructures such as a barge landing facility on the Cuyuni River, a permanent camp area, main access and internal roads, an airstrip, water and sewage treatment plants, power generation systems, and a communications tower.

These initial developments are crucial for supporting future project phases and ensuring the smooth execution of subsequent construction activities.
G Mining Ventures continues to advance its permitting process, the company said, adding that it aims to secure the full Environmental License from the EPA.
The company’s President and CEO, Louis-Pierre Gignac, emphasised the importance of these early-stage activities in potentially fast-tracking the project’s construction timeline.

This acceleration is contingent upon the publication of the Feasibility Study, securing project financing, and making a formal construction decision, all of which are anticipated by mid-2025.
The Oko West Feasibility Study is scheduled for publication in the second quarter of 2025 and will include updated mineral resource and mineral reserve estimates, the company said.

“A positive outcome from the study, combined with final permits and financing, is expected to support a formal construction decision in the second half of 2025.
“This project is part of G Mining Ventures’ broader strategy to develop world-class gold projects while maintaining high standards for safety, environmental stewardship, and social responsibility,” G Mining said.

The Oko West Gold Project is projected to produce 353,000 ounces of gold annually and recover 4.5 million ounces over 12.7 years, according to its Preliminary Economic Assessment.