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Canada’s Gold Giants Merge in Guyana | Guyana News
Description
Two Canadian gold giants just sealed a $2.2 billion merger, combining their Guyana projects into a powerhouse mining operation poised to dominate North America’s gold output. G Mining acquires G2’s Oko-Ghanie asset, adding 290 square kilometers to its holdings and boosting annual production to 500,000 ounces from Oko West alone—with peak output from Oko-Ghanie hitting 281,000 ounces. The deal creates a 15-year mine life and spins off G2’s other assets into a new entity, G3 Goldfields. Guyana’s president backs the move as standard global mining practice. G Mining aims for its first gold pour by late 2027 and full production by early 2028, even setting up air transport to haul gold from the remote site.
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