Canada's G Mining Ventures Q3 revenue rises, maintains 2026 production forecast

Overview

• Canada precious metals miner's Q3 revenue rose yr/yr, gold production down 3% from prior year

• Q3 net income and adjusted net income declined compared to prior year period

• Company repurchased 102,500 shares for $3.6 mln during Q3

Outlook

• G Mining Ventures sees 2026 gold production at 160,000-190,000 oz, guidance unchanged

• Company expects 2026 total cash costs at $836-$965/oz, AISC at $1,330-$1,544/oz

• Oko Gold Project on schedule for first gold pour in H2 2027

Result Drivers

• HIGHER GRADES AND THROUGHPUT - Q3 gold production at TZ rose 22% from Q2, driven by higher ore grades from mine sequencing, increased throughput, and improved recoveries

• COST CONTROL - Total cash costs and AISC fell from Q2, attributed to higher production and cost discipline, though both remained above prior-year levels due to lower production, higher royalties, and a stronger Brazilian real

• STRONG GOLD PRICES - Higher realized gold prices supported revenue and financial performance in the quarter

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the gold peer group is "buy"

• Wall Street's median 12-month price target for G Mining Ventures Corp is C$65.00, about 54.6% above its November 12 closing price of C$42.05

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads

• Nov 10 - Canada's Discovery Mining Q3 revenue rises 57% on gold output, prices

• Nov 12 - Canada's Aya Gold & Silver Q3 revenue rises on higher production

• Nov 11 - Canada's Franco-Nevada Q3 revenue misses estimates on lower gold stream deliveries

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)