Jefferies analysts highlight G Mining Ventures’ back-end weighted production profile and stable costs as key supports for its 2026 outlook.
G Mining Ventures Corp (TSX:GMIN) reaffirmed its 2026 gold production guidance of 160,000 to 190,000 ounces, with 62% of output expected in the second half. The company cited higher-grade mineralization and advancing development work as drivers for the back-end weighted profile, despite a softer start to the year.
Adjusted all-in sustaining costs remain guided at $1,230 to $1,444 per ounce, with analysts anticipating cost improvements in the second half due to increased production volumes. The company’s Oko West project, 20% complete, has 54% of capital expenditures committed, targeting first gold pour in the second half of 2027.
Liquidity stayed robust, with $287 million in cash and $39 million in debt after repaying its $82 million revolving credit facility. However, the company remains in a cash burn phase as development spending continues.