G Mining Ventures acquired the Tocantinzinho Gold Project in 2021. Credit: Nordroden/Shutterstock.

G Mining Ventures has secured operational licences for its Tocantinzinho Gold Project in Pará, Brazil.

Granted by the Pará State Environmental Agency, the licences authorise full-capacity operations for the mine, processing plant, tailings facilities and a new airstrip.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

This move marks the final step required for the project to begin commercial operations, which are on schedule for H2 2024.

Tocantinzinho is a ready-to-construct open-pit gold deposit with two million ounces of reserves.

In 2021, G Mining acquired the project for $115m (C$154.92) from Eldorado Gold.

For the first eight years, the Tocantinzinho project’s average annual gold production capacity is estimated at 187,000oz, G Mining said at the time of the deal’s announcement.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Commenting on the receipt of the latest licences, G Mining president and CEO Louis-Pierre Gignac said: “This final step in the regulatory approval process for TZ is a testament to Brazil’s mining-friendly business environment, its well-structured permitting process and our team’s commitment to excellence in everything we do.

“I am thrilled by the achievement of this major milestone and continue to be excited as I witness the steady progress being made in commissioning the plant, allowing us to achieve commercial production in the very near term.”

G Mining also owns the Oko West Project in north-west Guyana.

Located south of the historical Oko gold district, around 95km west of Georgetown, the Oko West Project comprises a prospecting licence with an area of around 44km², 100% held by GMIN’s Guyanese subsidiary.