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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted Net Income

$88.79 mln

Q3 Net Income

$99.50 mln

Q3 Adjusted EBITDA

$125.63 mln


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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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