Guyana gold project catapults Canadian firm into TSX spotlight

Jan 11, 2026 News

…shares surge 280% in 2025; analysts rate stock a buy

(Kaieteur News) – Canadian gold producer G Mining Ventures (GMIN) has been recognised as one of the Toronto Stock Exchange’s top-performing companies, amid a strong year for gold producers driven by rising prices.

In its annual review, La Presse highlighted the robust performance of precious metals companies in 2025, noting, “The past year was one for gold. Producers of precious metals benefited from the rise in the value of an ounce of gold on the markets. The yellow metal can be seen as a hedge at a time when tariffs, as well as economic and geopolitical uncertainty, remain in focus.”

Guyana gold project propels Canadian firm into TSX spotlight

Louis-Pierre Gignac, President & Chief Executive Officer of GMIN.

The publication pointed to GMIN as a compelling growth story, citing the company’s execution track record and the clear path forward for its flagship Oko West Gold Project in Guyana.

Analyst Rabi Nizami of National Bank Financial, in a report said G Mining, “remains a very compelling growth stock given the management team’s now proven execution capabilities and a clear, fully permitted and financed path that will demonstrate the success of a larger-scale project at Oko West, in Guyana.”

According to the report, shares of the Montreal-based gold producer surged 280 per cent in 2025, with all 13 analysts officially covering the company maintaining a “buying” recommendation on the stock.

The recognition comes on the heels of major regulatory and construction milestones GMIN achieved in Guyana.

In December, this publication reported that GMIN secured a 20-year mining licence from the Guyana Geology and Mines Commission (GGMC) for its 100 per cent-owned Oko West Gold Project in Region Seven.

The licence, which took effect on December 5, 2025, authorises full development, operation and commercial production at the site, which is estimated to contain approximately 5.4 million ounces of gold. At Oko West, GMIN is targeting an average annual production of 350,000 ounces of gold over a 12.3-year mine life.

An aerial view of the project.

In October 2025, the company had announced that its Board of Directors approved the start of full construction of its 100 percent-owned Oko West Gold Project in Guyana. The project carries an initial capital cost of US$973 million.

Prior to the aforementioned GMIN had received the environmental permit from Guyana’s Environmental Protection Agency (EPA). The five-year permit is valid through July 2030. It authorises the construction and operation of Oko West, which is expected to create an average of 1,270 direct permanent jobs during its lifetime. The feasibility study for Oko West outlines a long-life, low cost, and high-margin operation.

Louis-Pierre Gignac, President & Chief Executive Officer had said that, “Securing the Mining License reflects not only the technical robustness of Oko West but also the collaborative relationships we have established with Guyanese authorities, communities, and partners…Our commitment to responsible development is unwavering, and this milestone positions us to build Oko West into a world-class mining operation that delivers lasting economic and social benefits to Guyana.”

Notably, GMIN is set to commence pre-production open pit mining in the first three months of 2026, with the assembly of the initial mining equipment fleet already underway. Production is expected in 2027.

GMIN is among five Canadian mining companies collectively controlling an estimated 15.5 million ounces of gold across various stages of development in Guyana. These projects, spanning across Guyana’s mining regions, are progressing through exploration, feasibility studies, and permitting. Many of the companies have praised Guyana’s mining-friendly policies and are banking on these projects to drive substantial growth for their shareholders.

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G Mining Ventures, GMIN, gold, Louis-Pierre Gignac, Toronto Stock Exchange

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