G Mining Ventures (TSE:GMIN) has released an update.
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G Mining Ventures has successfully launched commercial production at the Tocantinzinho Gold Mine in Brazil, achieving this significant milestone on time and within budget. The mine is set to have a life span of 10.5 years, with an expected average annual gold production of nearly 175,000 ounces, and even higher in the first five years. With the mine’s operations ramping up, G Mining Ventures’ share price has significantly outperformed the GDXJ index since the construction decision.
For further insights into TSE:GMIN stock, check out TipRanks’ Stock Analysis page.