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GMIN Acquires Major Gold Assets | Guyana News

GMIN Acquires Major Gold Assets | Guyana News

Published 5 days, 16 hours ago
Description

GMIN just pulled off a massive $2.2 billion deal to acquire G2 Goldfields’ Oko-Ghanie project, merging it with their own permitted Oko West site to form a powerhouse gold asset. The goal? Skyrocket production by drilling more, updating feasibility studies, and launching key technical work. Together, the projects are set to boost annual output—Oko West from 350K to 500K ounces, Oko-Ghanie hitting 281K annually at peak. Construction is on track for first gold in late 2027 and full commercial operations by early 2028. With over 2.3 million person-hours already logged and 77% of the workforce Guyanese, this move positions GMIN to build one of the world’s most significant gold mining complexes—backed by $423M already invested.

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