G Mining Ventures Initiates Early Works at Oko West Gold Project in Guyana

G Mining Ventures has begun early works construction at the Oko West Gold Project in Guyana, following the receipt of an Interim Environmental Permit. The project has a budget between $200 to $240 million for 2025, focusing on essential infrastructure. A Feasibility Study is anticipated for Q2 2025, with a formal construction decision expected later that year, pending permits and financing.

On March 6, 2025, G Mining Ventures Corp. formally announced the initiation of site preparation activities for the Oko West Gold Project in Guyana. This significant advancement follows the acquisition of the Interim Environmental Permit from the Guyana Environmental Protection Agency, enabling the commencement of early works expected to fall within a projected capital expenditure of $200 to $240 million for 2025.

The early works construction program encompasses critical infrastructure, such as the barge landing facility on the Cuyuní River, the main access road, internal roads, an airstrip, a permanent camp, water treatment facilities, sewage systems, power generation, and a communications tower. These elements are essential for the subsequent stages of project development.

Louis-Pierre Gignac, President and CEO of G Mining Ventures, commented on the project, emphasizing the company’s commitment to expediting development while maintaining high safety and environmental standards. He expressed optimism for fast-tracking the project upon publishing the Feasibility Study and finalizing project financing, both projected for mid-2025.

The Oko West Feasibility Study is scheduled for publication in Q2 2025, and a positive outcome is likely to facilitate a formal construction decision later in the year, contingent on obtaining final permits and project financing. In 2025, G Mining Ventures will focus on several milestones, including the completion of the Feasibility Study, securing financing, and continuing detailed engineering work.

In conclusion, G Mining Ventures Corp. has taken a pivotal step in the development of the Oko West Gold Project with the commencement of early works construction. The project aims to establish critical infrastructure while preparing for a Feasibility Study and subsequent construction decisions. As GMIN progresses towards ensuring compliance with environmental regulations and securing financing, stakeholders remain hopeful for the project’s successful advancement, culminating in enhanced operational capacity within the upcoming years.

Original Source: www.juniorminingnetwork.com