en.Wedoany.com Reported - Canadian mining company G Mining Ventures Corp. (TSX: GMIN) announced on July 9, 2026, the preliminary production results for the second quarter of 2026 at its Tocantinzinho gold mine in Pará State, Brazil. The mine produced 36,845 ounces of gold in the second quarter, an increase of 16% compared to the first quarter. The company maintained its full-year 2026 gold production guidance of 160,000 to 190,000 ounces unchanged.

G Mining Ventures Corp. is a mining company listed on the Toronto Stock Exchange (TSX: GMIN) and OTCQX (GMINF). The Tocantinzinho gold mine is the company's 100%-owned flagship asset, located in Pará State, Brazil. Year-to-date in 2026, the mine has produced a cumulative total of 68,691 ounces of gold and sold 71,215 ounces of gold.

In the mining segment, the Tocantinzinho gold mine achieved a record quarterly mining volume in the second quarter, totaling 6.325 million tonnes, an increase of 15% from the first quarter. This included mining 1.673 million tonnes of ore and stripping 4.652 million tonnes of waste rock, resulting in a strip ratio of 2.78.

In the processing segment, the mill processed 1.012 million tonnes of ore during the quarter, with an average daily throughput of 11,121 tonnes. The average head grade was 1.23 grams per tonne, and the average gold recovery rate was 91.9%.

G Mining President and CEO Louis-Pierre Gignac stated that the second quarter operational results were generally in line with the plan, reflecting mining activities focused on waste stripping and the sequencing of lower-grade material during stope advancement. This work supported access to the higher-grade Phase 2 mineralization zone and laid the foundation for a significant increase in grade and production in the second half of 2026. According to the mine plan, approximately 62% of the full-year 2026 production is expected to come from the second half of the year.

The company also plans to commission additional haul trucks and a front-end loader in the third quarter to support higher mining rates. The second quarter operational results are preliminary and subject to final reconciliation.