Latest update June 3rd, 2026 12:40 AM
Canadian gold project in Guyana featured as ‘next big thing’ by global mining network
(Kaieteur News) – Mining Network International has featured Canadian firm, G Mining Ventures Corp. (GMIN’s) Oko West Gold project located in Region Seven (Cuyuni-Mazaruni), showcasing the project as a leading new gold development.
GMIN in a post on Tuesday said, “Our Oko West Gold Project in Guyana was featured in Mining Network International highlighting the milestone progress of our construction. Our mine-building phase includes significant progress across processing plant foundations, power infrastructure, tailings development, fleet mobilization, and river logistics.”
The Oko West project which will include both open-pit and underground mining has been advancing on schedule and on budget. The company previously disclosed that it made substantial progress across engineering, procurement, site infrastructure and process plant development.
By the end of the first quarter of 2026, the project achieved an overall completion rate
A view of GMIN’s Oko West Gold Project site in Region Seven.
of 19.7 per cent; this includes the completion of the barge landing caisson and ramp at the project site.
Meanwhile, construction at the tailings storage facility development is progressing and the power plant is expected to be operational in July 2027, while the grinding mills are expected to be operational by August 2027.
First gold pour is targeted for the second half of 2027 and commercial production is expected by January 2028. GMIN has already revealed that it anticipates three to four flights weekly from the Oko West gold project site to transport gold from the interior, as well as facilitate other business and emergencies.
Commenting on the feature by Mining Network International, GMIN noted it is particularly proud that over 80% of the project’s workforce consists of locals from Guyana, which it noted demonstrated its commitment to local employment, training, and long-term economic development. “With more than 1,300 workers on site and significant construction milestones being reached, Oko West is rapidly emerging as one of the Guiana Shield’s most important new gold operations.Thank you to Mining Network International for the feature and for recognizing the dedication and expertise of everyone involved in bringing Oko West to life,” the company added.
The Oko West Gold 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).
The project is estimated to hold 4.64 million ounces of proven and probable reserves at an average grade of 1.89 grams of gold per tonne. Oko West is expected to produce about 350,000 ounces of gold annually over a 12.3-year mine life.
The Guyana Geology and Mines Commission (GGMC) in 2025 granted GMIN a 20-year mining licence for the project. The licence, which took effect on December 5, 2025, authorises full development, operation and commercial production at the site. In addition to the aforementioned, GMIN has already 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.
Oko West is expected to become one of the most significant new mining operations in the region. The project is backed by an initial investment exceeding US$972 million.
In a similar move like its business combination with Reunion, in April 2026, it was announced that GMIN entered into a definitive agreement with another Canadian company, G2 Goldfields for approximately US$2.2 billion (C$3 billion) to consolidate the 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. The deal will also expand GMIN’s footprint in Guyana by 293 square kilometers (km²), creating a combined contiguous land package of over 362 km².
G2’s Preliminary Economic Assessment (PEA) released last year, outlines a combined open pit and underground operation with a 14-year mine life and estimate total production of 3.2 million ounces gold. Annual production is projected to average 298,000 ounces during years three through 10.
The deal is expected to close in June 2026, subject to shareholder and court approvals.
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