What's Happening?
G Mining Ventures (GMIN) has obtained a mining licence for its Oko West gold project in Region 7, Guyana. This marks the final regulatory milestone for the project's development. The licence, granted by
the Guyana Geology and Mines Commission, allows GMIN to proceed with operation, development, and commercial gold production at the site. The licence is effective from December 5, 2025, and will remain valid for 20 years. This approval follows the final environmental permit received in September 2025 and the company's formal construction decision in October 2025.
Why It's Important?
Securing the mining licence is a critical step for GMIN, enabling the company to advance its Oko West project towards production. This development is significant for Guyana's economy, as it promises to create jobs, stimulate local businesses, and contribute to the country's GDP. For GMIN, the project represents a substantial investment in the region, with potential for significant returns from gold production. The project also highlights the importance of regulatory compliance and collaboration with local authorities in international mining operations.
What's Next?
With the mining licence secured, GMIN is set to commence pre-production open-pit mining in the first quarter of 2026. The company is already assembling its initial mining equipment fleet to support construction activities. As the project progresses, GMIN will focus on building a world-class mining operation that delivers economic and social benefits to Guyana. Stakeholders will be watching closely to ensure that the project adheres to environmental and social standards, maintaining positive relations with local communities.
