G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) reported preliminary third-quarter 2026 production results from its wholly owned Tocantinzinho Gold Mine in Pará, Brazil, delivering 44,960 ounces of gold, a 22% increase over the second quarter, with 43,110 ounces sold. The results underscore the company's ability to ramp up output at a time when investors are closely watching whether junior producers can convert development promises into consistent operational performance.
Average plant throughput reached 12,372 tonnes per day, with an average processed gold grade of 1.33 grams per tonne and a recovery rate of 92%. Those figures indicate that the processing circuit is performing near design parameters, a critical milestone for a mine that only recently entered commercial production. Year-to-date production totaled 113,651 ounces, positioning G Mining Ventures to achieve the midpoint of its full-year production guidance of 160,000 to 190,000 ounces.
The company expects higher grades and production in the fourth quarter as mining advances into higher-grade Phase 2 mineralization. That transition matters because it suggests the operation is moving out of lower-grade starter pit material and into the core of the orebody, which should support stronger margins if gold prices remain firm. For a mid-tier hopeful like G Mining Ventures, demonstrating grade improvement quarter over quarter is a key credibility marker with lenders and shareholders alike.
G Mining Ventures is engaged in the development, operation and exploration of precious metal projects, aiming to capitalize on the value uplift from successful mine development. The company is anchored in mining-friendly jurisdictions: Brazil, with the Tocantinzinho Gold Mine and the Gurupi Project, as well as Guyana, with the Oko West Project. GMIN trades on the TSX under the symbol "GMIN."
The timing of the production update is significant because it comes ahead of the company's third-quarter financial and operating results, scheduled for release on Nov. 12, followed by a conference call and webcast on Nov. 13 at 9 a.m. ET. Investors will be looking for confirmation that the production gains translated into healthy cash flow and cost control, particularly as the company advances toward its Phase 2 mining sequence.
For the broader mining sector, the announcement highlights how Brazilian gold assets continue to attract capital and operational focus. The Tocantinzinho Mine's performance could influence how analysts assess other development-stage projects in the region, especially those targeting similar scale and grade profiles. More details are available in the full press release at https://ibn.fm/lyHAo, and ongoing updates relating to GMINF can be found in the company's newsroom at https://ibn.fm/GMINF.
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