Canadian gold company now has hands in Eccles wharf, storage facilities

May 12, 2026 News

…says gold project 19.7% completed, gold production set for 2027

Canadian gold company now has hands in Eccles wharf, storage facilities

The Eccles Port Facility, located on the Demerara River near Georgetown, is currently being used to load barges destined for the Project’s barge facility on the Cuyuni River.

(Kaieteur News) – G Mining Ventures Corp. (GMIN), which is positioned to control a seven-million-ounce gold project in Region Seven, has announced that it acquired a 20% interest in a wharf and storage facilities at the Eccles Port Facility on the Demerara River.

The company made the announcement in its Q1-2026 update on its 100%-owned Oko West Gold Project, which it said is advancing on schedule and on budget, with first gold pour targeted for the second half of 2027 and commercial production expected by January 2028.

According to GMIN, it now holds 20% interest in Rock Solid International Inc. (RSI), which indirectly owns and operates the wharf and storage facilities at the Eccles. According to reports, RSI is a Barbados-registered company, owned by Guyanese citizen, Timur Mohamed.

Concrete work in the grinding area is progressing, with formwork installation and rebar placement for the SAG mill piers well advanced. The ball mill foundation can be seen on the right.

GMIN explained that the move to own a percentage in RSI provides priority handling and preferential rates for equipment, materials and supplies to supply its gold operation in Region Seven. “A planned expansion, targeted for completion by year end, is expected to allow incoming vessels to berth and unload cargo. The facility currently includes a laydown area and barge loading point,” the company said.

Louis-Pierre Gignac, President and Chief Executive Officer (CEO) of GMIN commented: “We are very pleased with the rapid construction progress being made at Oko West, which is tracking well on-schedule for first gold pour in the second half of 2027 and on-budget.”

In relation to its gold project, GMIN said that since commencing development activities in October 2025, it has made substantial progress across engineering, procurement, and site infrastructure and process plant development, while enhancing cost visibility and execution certainty.

According to the firm, its early work strategy has enabled it to secure key contracts ahead of inflationary pressures, strengthening cost control and reducing schedule risk across critical scopes.

It was further stated that the overall project progress has reached 19.7% and detailed engineering is approximately 80% complete, with construction advancing on schedule. GMIN also shared that the Oko West project remains on budget with approximately US$292 million spent to date.

Mass excavation for the primary crusher is complete, and the area is ready for concrete works to commence; and foundations for the Mine Maintenance Facility are progressing, with completion targeted for Q2 2026 with steel structure erection to follow.

Construction at Oko West is advancing across key work areas, including the process plant, power infrastructure, tailings storage facility and site infrastructure.

Further, the tailings storage facility development is also progressing reaching about 36% completion. The power plant is expected to be operational in July 2027 and the grinding mills expected to be operational by August 2027.

Notably, earlier this year, the barge landing caisson and ramp were completed at the project site. GMIN has already revealed that it anticipates three to four flights weekly from the Oko West gold project to export gold from Guyana as well as facilitate other business and emergencies.

Camp infrastructure continues to expand, with additional dormitories being delivered through 2026. A large central building housing the kitchen and mess hall is scheduled to be operational in the second quarter.

Moreover, the on-site workforce has increased to 1,379 personnel, of which 82% are Guyanese. The company noted that the camp capacity has increased to 1,058 beds to support ongoing workforce ramp-up, with full occupancy expected by November 2026.

The 4.64 million ounces Oko West Gold Project was added to GMIN’s portfolio back in 2024, following its business combination with fellow Canadian firm Reunion Gold. In a similar move like its combination with Reunion, GMIN last month announced that it entered into a definitive agreement with another Canadian company, G2 Goldfields for approximately US$2.2 billion (C$3 billion).

The transaction will consolidate two adjacent gold projects in Guyana: G2’s Oko-Ghanie Project and GMIN’s fully permitted and fully financed Oko West Project. Acquiring G2 will bring the Combined Measured & Indicated Mineral Resources of 7.0 million ounces and Inferred Mineral Resources of 2.3 million ounces and also expand GMIN’s footprint in Guyana by 293 km² (square kilometres), creating a combined contiguous land package of over 362 km².

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Canadian gold company, Eccles wharf, GMIN

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