G Mining Ventures Corp. Q2 2026 Earnings Recap

The stock closed flat, rising just 0.3% after earnings as G Mining Ventures delivered largely in line operational and financial results, but revised upward full-year cost guidance due to currency effects tempered investor enthusiasm.

Key Takeaways

• Q2 gold production rose 16% sequentially to 36,845 ounces; sales totaled 37,439 ounces, exceeding plan due to higher grades and stable mill throughput.
• Revenue increased 21% year-over-year to $157 million, driven by a record realized gold price of $4,197/oz.
• Free cash flow doubled sequentially to $85 million, equating to approximately $2,300 per ounce produced.
• Full-year cash cost and all-in sustaining cost (AISC) guidance was raised to $836–$965/oz and $1,330–$1,544/oz respectively, primarily reflecting a stronger Brazilian real.
• Significant ongoing investment in Oko West continues, with $153 million spent in the quarter and total commitments at 65% of the initial approved capital budget.