G2 Goldfields Deal Creates Guyana Giant

G2 Goldfields shareholders just greenlit a blockbuster $2.2 billion deal to merge their Oko-Ghanie project with G Mining Ventures’ Oko West, creating Guyana’s largest contiguous gold land package—spanning nearly 300 sq km and packed with 7 million ounces of measured/indicated gold plus 2.3 million inferred ounces. The spin-off of G2’s other assets into a new entity, G3 Goldfields, keeps them separate while letting GMIN unlock massive efficiencies: 14-year mine life, peak production of 300K oz/year, and $1B+ in synergies—mostly by avoiding duplicate infrastructure like mills and tailings facilities, saving up to $850M in capital costs. GMIN aims to deliver expanded production by mid-2029, with a technical report due in 2027. President Irfaan Ali defended the deal as standard global mining practice, affirming Guyana’s framework benefits from such transactions. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e65073db903227f4