G Mining Ventures
Primary ticker: TSXV:GMIN
Stage of development: Development
Primary mineral: Gold
Project to promote: Tocantinzinho
Project location: Brazil
Website: www.gminingventures.com
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects, to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by its flagship Tocantinzinho Project in mining friendly and prospective State of Pará, Brazil. Tocantinzinho is an open-pittable gold deposit containing 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth, and the underexplored 996km2 land package presents additional exploration potential. The Project is fully financed, construction is >80% complete, and on track for commercial production in H2 2024.
Cash: US$52M
Debt: US$32M
Major shareholders:
La Mancha Investments S.a.r.l – 25%
Eldorado Gold Corp. (TSX:ELD) – 17.7%
Franco-Nevada Corp. (TSX:FNV) – 9.9%
Franklin Templeton – 5.8%
ASA Gold and Precious Metals – 5.2%
Management ownership – 8%
Financials
Management Profile
Dušan Petković – Senior Vice President, Corporate Strategy
Mr. Petković is a financial markets professional with over 10 years of experience in resource based capital markets including private equity, credit, and investment banking. Before joining G Mining Ventures, Mr. Petković spent 10 years at Sprott Resource Lending Corp., where he was Principal, Private Debt. At Sprott, he was responsible for the origination, structuring, and investment management of bespoke financing transactions for companies in the mining sector. Prior to Sprott, he spent time in mining investment banking, advising on IPOs, equity issuance and M&A. Mr. Petković earned a Bachelor of Commerce Degree from Western University and is a CFA® charterholder.
What is your rationale for taking part 121 Mining Investment?
Increase market awareness of GMIN, as we have been one of the best performing precious metals developers on the TSX.
What recent news would you like to highlight to investors attending?
August 2021: Acquisition of TZ for $115 million
February 2022: Release of updated 43-101 Feasibility Study for TZ
July 2022: Secured $481 million finance package to full fund construction of TZ
Sep 2022: Announced formal construction decision
Oct 2022: Repurchase of 1% NSR Royalty on TZ
Feb 2024: TZ Project is >80% Complete
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Complete commissioning of the process plant.
6 Months:
Commercial production to produce 175,000 oz of gold for 10.5 years.
12 Months:
Ramp-up to full nameplate capacity at Tocantinzinho, advance a second precious metals asset.
What do you think makes your company such a compelling investment?
The G Mining difference is in how it deploys people, processes and technology to consistently outperform market expectations. The organization’s history of delivering programs on-time and under budget has allowed it to expand beyond partnerships with global miners, and into private ownership and operation of its own precious metal assets. This extension of its enterprise capabilities will create additional value for shareholders, expand its impact as global stewards of the mining community, and generate more opportunities for its stakeholders around the globe.
What are the top 3 key investor takeaways?
1. Experienced management team with successful mine-build track record
2. Fully financed project with straightforward mining and processing design
3. Strong financial backing from well-known mine financiers