Geomechanics.io

  • Free Tools
Sign UpLog In

Geomechanics.io

Geomechanics, Streamlined.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    Projects
    Contract Award

    G Mining–G2 Goldfields $2.2B deal: capex, synergies and schedule for mine planners

    April 10, 2026|

    Reviewed by Joe Ashwell

    G Mining–G2 Goldfields $2.2B deal: capex, synergies and schedule for mine planners

    First reported on MINING.com

    30 Second Briefing

    G Mining Ventures will acquire G2 Goldfields in a C$3 billion ($2.2 billion) all-share deal, consolidating the adjacent Oko West and Oko-Ghanie projects in Guyana into a single district-scale complex targeting more than 500,000 oz/y of gold over the life of mine. The combined 362 sq. km land package in the Guiana Shield holds 7 million oz measured and indicated at 2.28 g/t and 2.3 million oz inferred, with key zones open at depth and along strike. G Mining forecasts over C$1 billion in capex/opex synergies via shared infrastructure and mine sequencing, with first Oko West production still slated for H2 2027 and expanded output targeted by H1 2029.

    Technical Brief

    • Share exchange fixed at 0.212 G Mining shares per G2 share, valuing G2 at C$10.84.
    • Transaction expected to close by 30 June 2026, subject to shareholder and regulatory approvals.
    • G2 shareholders and insiders holding 37% have signed voting support; two‑thirds approval threshold applies.
    • G2 owners also receive 100% of G3 SpinCo, seeded with C$45 million and non-core exploration assets.
    • Contingent value right structure allows up to C$200 million extra consideration, linked to future resource growth.
    • Post‑deal ownership split leaves existing G Mining shareholders with 80.1% and G2 shareholders with 19.9% of the combined company.
    • Oko-Ghanie development is expected to leverage Oko West’s more advanced permitting status to compress schedule risk.
    • Consolidation follows earlier Guiana Shield deals, including G Mining’s 2024 acquisition of Reunion Gold for Oko West.

    Our Take

    G Mining Ventures has already featured in our coverage as a beneficiary of La Mancha Resource Capital’s planned 19.9% equity stake to support the Tocantinzinho mine in Brazil, which suggests it will have balance-sheet depth to absorb a C$3 billion all-share acquisition while still funding its existing build-out.

    Both G Mining Ventures and G2 Goldfields have appeared in recent reporting on Guyana’s expanding extractives sector alongside ExxonMobil and Zijin Mining, indicating that consolidation around the Oko district is happening in parallel with large-scale oil and bauxite investment in the country rather than in isolation.

    Jefferies, which is cited in related analysis on rising oil-linked operating costs for open-pit gold miners, is also a named adviser here, implying that energy-price risk will be a key sensitivity for the combined Oko West–Tocantinzinho portfolio as it targets first production in 2027.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    29Metals’ Golden Grove Oizon drilling: mine life and stope design notes for engineers
    Mining
    about 11 hours ago

    29Metals’ Golden Grove Oizon drilling: mine life and stope design notes for engineers

    29Metals has reported new drilling results at its Golden Grove operations in Western Australia, confirming further high‑grade copper–zinc–gold mineralisation at the Oizon deposit within the Gossan Hill project. Resource extension and resource conversion drilling both intersected additional ore-grade material, supporting Oizon’s progression as a key emerging underground ore source for the site’s existing processing plant. The results indicate scope to grow mine life and re-optimise stope sequencing, with geotechnical and ventilation planning likely to focus increasingly on Oizon as drilling tightens the resource model.

    Namibia’s next copper frontier: exploration and drilling insights for miners
    Mining
    about 11 hours ago

    Namibia’s next copper frontier: exploration and drilling insights for miners

    Namibia is emerging as a copper exploration hub as Australian juniors C29 Metals and Midas Minerals ramp up drilling across underexplored Proterozoic copper belts using extensive historical datasets from past state and major-company campaigns. C29 managing director Shannon Green is targeting large-scale sediment-hosted systems analogous to the Central African Copperbelt, with modern geophysics and deeper RC and diamond drilling testing beneath shallow cover that limited earlier work. For geologists and miners, Namibia offers district-scale potential with relatively simple logistics, established mining law, and scope for rapid resource definition if current programs hit thickness and grade.

    American Ocean Minerals’ Cook Islands mission: baseline data lens for mine planners
    Mining
    about 11 hours ago

    American Ocean Minerals’ Cook Islands mission: baseline data lens for mine planners

    American Ocean Minerals has completed its three‑week Expedition 7 in the Cook Islands’ EEZ, using the 196‑foot research vessel Anuanua Moana to survey 53 sites and collect 60 box cores, 62 multicores and 4,059 physical samples over Moana Minerals’ EL3 polymetallic nodule licence. The campaign integrates sediment physico‑chemistry, macrofaunal and meiofaunal counts, foraminiferal studies, eDNA, bathymetry and water‑column biomass data to define baseline ecological conditions and resource variability. Results will feed directly into Moana Minerals’ Environmental Impact Statement due H1 2027 and a pre‑feasibility study targeted for H2 2026.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    Construction

    Quality control software for construction companies with material testing, batch tracking, and compliance management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalMiningInfrastructureMaterialsHazardsEnvironmentalSoftwarePolicy