G Mining Ventures has initiated site preparation at the Oko West Gold project in Guyana, marking a major milestone in the advancement of the operation.
The Guyana Environmental Protection Agency granted an interim environmental permit in January 2025, allowing the early construction work to begin.
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This marks the initial phase of the Oko West project’s planned capital expenditure (capex) of $200m–240m for 2025.
Early works construction encompasses various critical infrastructures such as an airstrip, barge landing facility, communications tower, main access road, permanent camp, power generation, and water and sewage treatment plants.
These facilities will lay the groundwork for the project’s next phases.
G Mining Ventures is also progressing with permitting efforts to obtain the full environmental licence.
Throughout 2025, the company will concentrate on several key milestones for the Oko West project.
These include the publication of the feasibility study, securing project financing, making a formal construction decision, continuing detailed engineering, and conducting greenfield and brownfield exploration.
G Mining Ventures president and CEO Louis-Pierre Gignac said:”The commencement of early works construction at Oko West demonstrates our commitment to expedite the delivery of another world-class gold project.
“With site preparation activities initiated ahead of schedule, we are applying our extensive development expertise to ensure seamless execution while upholding high safety, environmental and social standards.
“These early-stage activities lay the groundwork for potentially fast tracking the project construction, once we publish the feasibility study, secure financing and make a formal construction decision, all anticipated by the middle of 2025.”
The Oko West feasibility study, incorporating updated mineral resource and mineral reserve estimates, is scheduled for publication in the second quarter of 2025.
A positive feasibility study, alongside final permits and project financing, is expected to pave the way for a formal construction decision in the second half of 2025.
In April 2024, G Mining Ventures merged with Reunion Gold, acquiring Reunion’s Oko West project.
