• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    G Mining Ventures Provides Corporate Update

    12/20/24 9:39:00 AM ET
    $BHP
    Coal Mining
    Energy
    Get the next $BHP alert in real time by email
    • Closes acquisition of the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHP
    • CentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depth
    • District-scale land package comprises 47 tenements covering ~1,900 km2 and offers potential for multiple new discoveries
    • Accretive transaction adds to GMIN's project pipeline with no upfront cost
    • Appointment of Vincent Benoit, Managing Partner and Chief Investment Officer of La Mancha, to its Board of Directors

    BROSSARD, QC, Dec. 20, 2024 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX:GMIN) (OTCQX:GMINF) is pleased to announce that the acquisition of tenements in the Gurupi Gold Belt from wholly owned subsidiaries of BHP Group Limited ("BHP") (ASX: BHP, NYSE:BHP, LSE: BHP, JSE: BHG) has closed. The acquisition gives GMIN an 100% interest in the tenements, including the CentroGold Project ("CentroGold" or the "Project"). In consideration for the acquisition, GMIN will grant BHP a 1.0% NSR royalty on the first 1 million ounces of gold produced at the tenements and a 1.5% NSR royalty on gold production thereafter (the "Transaction"). Details of the Project and Transaction were previously announced in GMIN's news release dated September 9, 2024.

    G Mining Ventures logo (CNW Group/G Mining Ventures Corp)

    CentroGold is located in the state of Maranhão, located in northern Brazil, and comprises 47 tenements encompassing ~1,900 square kilometers. The Project hosts multiple identified gold targets along a +80 km mineralized trend, including the Blanket, Contact and Chega Tudo open pit deposits, which currently host 2.3 million ounces of JORC-compliant gold resources and remain open for expansion. In July 2019, Oz Minerals Limited, which was later acquired by BHP in 2023, released a pre-feasibility study on the Blanket and Contact deposits. The pre-feasibility study envisioned a 10-year mine life with an average annual gold production of 100,000 to 120,000 ounces per year, with 190,000 to 210,000 ounces of gold per year in the first two years of production. 

    GMIN plans to update the Project's JORC-compliant gold resource to meet National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") in Q1 2025.

    Board Appointment

    The Corporation is pleased to announce the appointment of Vincent Benoit, Managing Partner and Chief Investment Officer of La Mancha Capital Advisory LLP ("La Mancha"), to its Board of Directors, effective December 20, 2024. The GMIN Board of Directors is now comprised of 11 members.

    Vincent Benoit has over 30 years of corporate finance, business development and M&A experience in the mining, telecom, and energy sectors. Vincent identified the opportunity to buy La Mancha and joined the company as Head of Strategy & Business Development in 2012. Between 2013 and 2015, he led La Mancha's portfolio restructuring and contributed to enhancing its mines' performance in Australia and Africa. Mr. Benoit identified and executed the combinations with Evolution Mining Limited (ASX:EVN) and Endeavour Mining plc (TSX:EDV) ("Endeavour"), positioning La Mancha as a leading private investor in the gold mining sector. From 2016 to 2019, Mr. Benoit was chief financial officer and executive vice president of Corporate Development at Endeavour, where he reshaped the strategy, improved the mine portfolio quality, and enhanced the balance sheet to fund organic growth. Endeavour's market capitalization was quadrupled by the time he left at the end of 2019. In early 2020, he re-joined La Mancha to oversee investments and fundraising.

    Previously, Vincent was at Orange (2006-2012), where he served as EVP M&A. He led the development of the group's footprint in Africa and Europe and formed strategic partnerships with key European telecom players. Prior to this, Vincent held various finance positions, including those with Orano (ex-Areva), Bull Information Systems, and PwC.

    Vincent holds an MSc from Kedge Business School and is a Chartered Accountant.

    About G Mining Ventures Corp.

    G Mining Ventures Corp. (TSX:GMIN) (OTCQX:GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Gold Mine in Brazil and Oko West Project in Guyana, both mining friendly and prospective jurisdictions.

    Additional Information

    For further information on GMIN, please visit the website at www.gmin.gold.

    Cautionary Statement on Forward-Looking Information

    All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to (i) ; an gold resource at CentroGold remaining open for expansion in all directions and at depth; (ii) the acquired land package offering potential for multiple new discoveries; (iii) the Transaction being accretive for GMIN's project pipeline; (iv) the Project's 10-year mine life and production profile, as anticipated in its pre-feasibility study; (v) GMIN's plan to update the Project's JORC-compliant gold resource to meet NI 43-101 requirements; and (vi) more generally, Mr. Benoit's future contribution as a GMIN director as well as the section entitled "About G Mining Ventures Corp.". 

    Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to the price of gold and currency exchange rates, those outlined in the PEA and those underlying the items listed in the above section entitled "About G Mining Ventures Corp.".

    Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) GMIN will achieve its stated objectives for the Project, or (ii) the Project will prove accretive to GMIN's project pipeline, or (iii) the 2.3 million ounces of JORC-compliant gold resources will meet the NI 43-101 requirements, or (iv) the Project's current resources will be expanded in all directions and at depth, (v) the Project will have a 10-year mine life or will be mined at all, or (vi) GMIN will use TZ and Oko West to grow  into the next intermediate producer, as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that Brazil and/or Guyana will remain mining friendly and prospective jurisdictions.

    By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the (i) Annual Information Form of G Mining TZ Corp. (then known as G Mining Ventures Corp.) dated March 27, 2024, for the financial year ended December 31, 2023, (ii) Annual Information Form of Reunion Gold dated April 25, 2024, for the financial year ended December 31, 2023, and (iii) the Corporation's (i) Annual Information Form dated March 27, 2024, for the financial year ended December 31, 2023, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/g-mining-ventures-provides-corporate-update-302337363.html

    SOURCE G Mining Ventures Corp

    Get the next $BHP alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $BHP

    DatePrice TargetRatingAnalyst
    10/4/2024$72.00 → $68.00Buy → Hold
    Jefferies
    9/16/2024Mkt Perform → Outperform
    Bernstein
    5/31/2024Buy
    Citigroup
    3/5/2024Buy → Hold
    Liberum
    10/6/2023Sell → Neutral
    UBS
    9/25/2023$60.00 → $58.00Outperform → Mkt Perform
    Bernstein
    7/14/2023Neutral → Overweight
    JP Morgan
    7/7/2023Buy → Hold
    Berenberg
    More analyst ratings

    $BHP
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • BHP Group downgraded by Jefferies with a new price target

      Jefferies downgraded BHP Group from Buy to Hold and set a new price target of $68.00 from $72.00 previously

      10/4/24 7:20:16 AM ET
      $BHP
      Coal Mining
      Energy
    • BHP Group upgraded by Bernstein

      Bernstein upgraded BHP Group from Mkt Perform to Outperform

      9/16/24 7:21:44 AM ET
      $BHP
      Coal Mining
      Energy
    • Citigroup resumed coverage on BHP Group

      Citigroup resumed coverage of BHP Group with a rating of Buy

      5/31/24 7:37:03 AM ET
      $BHP
      Coal Mining
      Energy

    $BHP
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by BHP Group Limited (Amendment)

      SC 13G/A - BHP Group Ltd (0000811809) (Subject)

      2/13/24 5:00:57 PM ET
      $BHP
      Coal Mining
      Energy
    • SEC Form SC 13G filed by BHP Group Limited

      SC 13G - BHP Group Ltd (0000811809) (Subject)

      2/9/23 11:12:40 AM ET
      $BHP
      Coal Mining
      Energy
    • SEC Form SC 13G filed by BHP Group Limited

      SC 13G - BHP Group Ltd (0000811809) (Filed by)

      7/8/22 2:15:52 PM ET
      $BHP
      Coal Mining
      Energy

    $BHP
    SEC Filings

    See more

    $BHP
    Press Releases

    Fastest customizable press release news feed in the world

    See more

    $BHP
    Financials

    Live finance-specific insights

    See more
    • SEC Form 6-K filed by BHP Group Limited

      6-K - BHP Group Ltd (0000811809) (Filer)

      4/17/25 6:07:34 AM ET
      $BHP
      Coal Mining
      Energy
    • SEC Form 6-K filed by BHP Group Limited

      6-K - BHP Group Ltd (0000811809) (Filer)

      4/15/25 12:30:46 PM ET
      $BHP
      Coal Mining
      Energy
    • SEC Form 6-K filed by BHP Group Limited

      6-K - BHP Group Ltd (0000811809) (Filer)

      4/14/25 7:26:10 AM ET
      $BHP
      Coal Mining
      Energy
    • First cohort begins at BHP Potash Academy at Carlton Trail College in Humboldt

      HUMBOLDT, Saskatchewan, Jan. 15, 2025 (GLOBE NEWSWIRE) -- BHP and Carlton Trail College are pleased to announce the launch of BHP Potash Academy and its inaugural cohort of trainees. The first intake of 13 trainees is already participating in on-site orientation at the Jansen mine site this week and will hit the classroom at BHP Potash Academy at Carlton Trail College in Humboldt, Saskatchewan, on January 20. This eight-month paid traineeship is designed to equip those new to the mining industry with essential skills required for production or maintenance technician roles at the Jansen mine site in Saskatchewan. The program includes a mix of classroom and theory learning, as well as pra

      1/15/25 10:28:57 AM ET
      $BHP
      Coal Mining
      Energy
    • G Mining Ventures Provides Corporate Update

      Closes acquisition of the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHPCentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depthDistrict-scale land package comprises 47 tenements covering ~1,900 km2 and offers potential for multiple new discoveriesAccretive transaction adds to GMIN's project pipeline with no upfront costAppointment of Vincent Benoit, Managing Partner and Chief Investment Officer of La Mancha, to its Board of DirectorsBROSSARD, QC, Dec. 20, 2024 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX:GMIN) (OTCQX:GMINF) i

      12/20/24 9:39:00 AM ET
      $BHP
      Coal Mining
      Energy
    • G Mining Ventures to Acquire the CentroGold Project from BHP

      GMIN to acquire the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHPCentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depthDistrict-scale land package comprises 47 tenements covering ~1,900 km2 and offers potential for multiple new discoveriesCentroGold to provide long-term growth following Tocantinzinho ramp-up and Oko West developmentAccretive transaction adds to GMIN's project pipeline with no upfront costBROSSARD, QC, Sept. 9, 2024 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX:GMIN) (OTCQX:GMINF) is pleased to announce that

      9/9/24 7:30:00 AM ET
      $BHP
      Coal Mining
      Energy
    • Copper Demand Expected to Nearly Double by 2035

      FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Copper supply can't keep up with the booming demand for copper, putting net-zero emissions targets at risk, according to a new report from S&P Global. Copper is essential for electric vehicles, wind and solar power, and infrastructure that transports and stores renewable energy. The report projects that copper demand will almost double to 50 million metric tons by 2035 and reach over 53 million metric tons by 2050. To put that number into perspective, S&P Global noted that it's "more than all the copper consumed in the world between 1900 and 2021." Solving the supply shortage isn't as simple as

      8/3/22 8:50:00 AM ET
      $BHP
      $GOLD
      $SCCO
      Coal Mining
      Energy
      Precious Metals
      Basic Materials
    • Energy Vault Reports First Quarter 2022 Earnings Results

      First quarter 2022 revenue of $42.9 million, driven by the $50.0 million licensing and royalty agreement with Atlas Renewable. GAAP operating income of $20.8 million. GAAP net loss of $20.1 million impacted by one-time IPO transaction costs of $20.6 million and a non-cash charge of $20.2 million for the change in fair value of our warrant liability due to the increase in stock price during the quarter. Adjusted EBITDA of $31.2 million. Began construction of the first Chinese deployment of a 100 MWh EVx™ gravity-based storage system in partnership with Atlas Renewable and China Tianying, which also invested $50.0 million into the private placement investment (PIPE) related to th

      5/16/22 4:05:00 PM ET
      $BHP
      $CX
      $NRGV
      Coal Mining
      Energy
      Building Materials
      Industrials

    $BHP
    Leadership Updates

    Live Leadership Updates

    See more
    • G Mining Ventures Provides Corporate Update

      Closes acquisition of the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHPCentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depthDistrict-scale land package comprises 47 tenements covering ~1,900 km2 and offers potential for multiple new discoveriesAccretive transaction adds to GMIN's project pipeline with no upfront costAppointment of Vincent Benoit, Managing Partner and Chief Investment Officer of La Mancha, to its Board of DirectorsBROSSARD, QC, Dec. 20, 2024 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX:GMIN) (OTCQX:GMINF) i

      12/20/24 9:39:00 AM ET
      $BHP
      Coal Mining
      Energy
    • BHP Xplor Launches Search for Innovators in Critical Minerals Exploration

      TORONTO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- BHP Xplor, the six-month accelerator program aimed at revolutionizing critical mineral exploration, has officially opened applications for the 2025 cohort. Following the success of the 2023 and 2024 cohorts, BHP Xplor is excited to invite early-stage explorers to join its next chapter. Once again, the program is seeking visionary teams focused on uncovering new sources of critical minerals crucial for a sustainable future. The BHP Xplor program is designed to accelerate participants' exploration opportunities while fostering long-term relationships with BHP. Participants will benefit from up to $500K equity-free funding, expert mentorship, and

      9/3/24 12:58:31 AM ET
      $BHP
      Coal Mining
      Energy
    • BHP Xplor announces second program helping to accelerate critical resources exploration

      TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- BHP has announced its second cohort of six companies, chosen from a pool of over 500 applicants, to join the BHP Xplor accelerator program. The accelerator program is designed to support early-stage mineral exploration companies in finding the critical resources needed to support the energy transition. Each company will receive a grant of up to US$500,000 together with access to a network of internal and external industry experts to accelerate its growth and further build out its exploration concepts. The program aims to support development across technical, business and operational facets of the participating companies. BHP Xplor pushes the bou

      1/22/24 7:01:09 PM ET
      $BHP
      Coal Mining
      Energy