G Mining Ventures has commenced early works construction at the Oko West Gold Project in Guyana following receipt of the Interim Environmental Permit. Initial activities include infrastructure preparation, with a total estimated capital expenditure between $200 and $240 million. The company is on track for a Feasibility Study publication in Q2 2025, anticipating a formal construction decision in H2 2025.
G Mining Ventures Corp. has announced the initiation of early works construction at its Oko West Gold Project in Guyana. This development follows the receipt of an Interim Environmental Permit from the Guyana Environmental Protection Agency. The early works, which are part of a projected capital expenditure ranging from $200 to $240 million for 2025, include site preparations for essential infrastructure, such as a barge landing and a permanent camp area.
Key construction activities permitted under the interim permit include developing facilities such as a barge landing, main access roads, an airstrip, permanent camp, water and sewage treatment plants, power generation systems, and a communications tower. G Mining Ventures is striving to advance its permitting processes toward securing a full Environmental License from the EPA.
Louis-Pierre Gignac, the President and CEO, emphasized that this construction phase reflects the company’s dedication to bringing a world-class gold project to fruition. He noted that the groundwork laid during this stage is critical for potentially accelerating project construction following the publishing of the Feasibility Study, anticipated by mid-2025.
The Oko West Feasibility Study is set for publication in Q2 2025, which will include updated mineral resource estimates. A favorable outcome, coupled with the final permits and financing, should facilitate a formal decision regarding construction in the latter half of 2025.
Throughout 2025, G Mining Ventures intends to focus on several significant activities related to Oko West, including publication of the Feasibility Study, securing project financing, making a formal construction decision, and continuing detailed engineering and exploration efforts.
G Mining Ventures is progressing swiftly with the Oko West Gold Project in Guyana, underscoring its commitment to effective project execution while adhering to high standards. The early construction works, driven by the Interim Environmental Permit, pave the way for future developments, with key milestones set for 2025 aimed at facilitating a formal construction decision. The successful publishing of the Feasibility Study and obtaining necessary financing are crucial advancing steps toward realizing the project’s potential.
Original Source: www.juniorminingnetwork.com
