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Canadian gold company sitting on 4.6M ounces in Guyana looking for local transportation services
Map showing the Oko West and Oko-Ghanie and other mining properties.
(Kaieteur News) – Canadian-based G Mining Ventures (GMIN) has issued an Expression of Interest (EOI) inviting transportation service providers to support its ongoing Oko West gold project in Region Seven, Guyana.
GMIN recently announced that it will be acquiring another fellow Canadian firm that operates in Guyana. That deal can see the company earning over US$30 billion based on a combined resource of 7-million ounces, and gold prices remaining above US$4,500 per ounce when production begins.
GMIN is currently the 100% owner of the 4.64 million ounces Oko West Gold Project located in Cuyuni mining district. This project was added to GMIN’s portfolio back in 2024 following a business combination with fellow Canadian firm, Reunion Gold Corp. valued at US$638 million (C$875 million). In a similar move, GMIN last week announced that it entered into a definitive agreement with another Canadian company, G2 Goldfields for approximately US$2.2 billion (C$3 billion).
The project is located about 95 kilometres west of Georgetown, is a new gold discovery situated south of the historic Oko district and accessible via the Puruni road network and river routes from Bartica and Itaballi.
A look at GMIN’s Processing Plan Construction Site, Dormitories & Camp Kitchen.
As construction advances, the company issued the EOI seeking reliable transport providers to move personnel along key routes including Georgetown to Parika, Ogle and Timehri. The services will cover the supply of transportation such as SUVs and coaster buses for a period of 18 months.
According to the EOI, interested parties must meet compliance requirements, including valid business registration, National Insurance Scheme (NIS) and Guyana Revenue Authority (GRA) compliance, along with a tax identification certificate. Notably, submissions are due by May 3, 2026, after which shortlisted, applicants will be invited to participate in a request for quotation process.
With the latest acquisition, the two neighbouring properties will be merged into a single mining hub with a combined 7-million-ounce gold resource base, including 2.3 million ounces in measured and indicated resources and inferred resources. The combined development is expected to produce more than 500,000 ounces of gold annually over its life, with Oko West contributing approximately 350,000 ounces per year and Oko-Ghanie adding an estimated 228,000 ounces annually. This level of output is expected to create a large-scale, low-cost tier-1 gold mining hub in one of the most prospective emerging gold districts in the world.
GMIN’s acquisition of G2 and business combination with Reunion to secure and combine the assets is pegged at US$2.838 billion.
Acquiring G2 will expand GMIN’s footprint in Guyana by 293 km² (square kilometres), creating a combined contiguous land package of over 362 km².
According to GMIN, once in production, the combined Oko project has the potential to rank among the highest producing gold mines globally.
The anticipated Life of Mine (LOM) average gold production of approximately 350,000 ounces of gold annually from GMIN’s Oko West Project and 228,000 ounces of gold annually from G2’s Oko-Ghanie Project into a single project brings the potential to produce over 500,000 ounces of gold annually on a LOM average basis.
The Oko West project proven and probable reserves is at an average grade of 1.89 grams of gold per tonne. The project is expected to produce about 350,000 ounces of gold annually over a 12.3-year mine life. G2’s maiden Preliminary Economic Assessment (PEA) had outlined that the project will entail a combined open-pit and underground operation with a 14-year life of mine.
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