GEORGETOWN, Guyana, CMC – G-Mining Ventures Corporation – a Canadian mining company, aims to produce 350,000 ounces of gold annually when its US$1.5 Billion Oko West Project begins operation here in 2027.
The company, which operates in Brazil, unveiled the Oko West Project during an education forum on Wednesday.
According to Bjorn Jeune, Guyana’s Country Manager for G-Mining Ventures, the Oko West Project, located in Region Seven, represents a significant milestone in the country’s natural resource development.
Jeune said that once production begins, the company aims to produce approximately 350,000 ounces of gold annually.
“With a projected mine life of 13 years, we anticipate the production of over 350,000 ounces of gold annually. The ripple effect will be creating at least 1,500 jobs, with a strong focus on local employment and capacity-building,” Jeune said.
The project includes both open pit and underground mining. The company is transitioning to mine development, and construction of the mine site is estimated to begin in the second quarter of 2025.
The G-Mining Ventures Guyana Country Manager said the company has established a Multi-stakeholder Working Group (MSWG) to foster collaboration and transparency in Region 7 as the project unfolds.
Said the company is also working closely with Government agencies to ensure the successful implementation of the gold mining project, which is expected to boost the economy.
“On a personal note, as a proud Guyanese, I am deeply honored to be part of G Mining Ventures and the Oko West Project. I truly believe this project will transform the local economy and the country, bringing sustainable development, meaningful employment, and long-lasting benefits to Guyana,” he said.
As part of its corporate social responsibility, G-Mining Ventures Guyana has signed a Memorandum of Understanding (MoU) with the Board of Industrial Training (BIT) through the Ministry of Labour to train local workers at the BIT Centre in Bartica.
Jeune assured us that the Oko West Project would offer employment opportunities to many trainees, thereby enhancing the local workforce.
Additionally, through its scholarship agreement with the University of Guyana, several geology students have benefitted—and will continue to benefit—from educational support.
Minister of Labour Joseph Hamilton said his Ministry is pleased to partner with the gold company.
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