G Mining Ventures | Happiness is abroad

It is a recent Quebec stock market success that goes unnoticed. However, Does the name of G Mining Ventures tell you anything? Therefore, Normal. Moreover, It is thousands of kilometers from Quebec – in South America – that the company makes giant steps to. Consequently, make its place among major gold producers.

Posted at 5:00 a.m.

A sign g mining ventures | happiness of its accelerated growth, the mining, whose market value is now greater than 4 billion, has been integrated into the main index of the Toronto Stock Exchange, the S&P/TSX compound index, last March.

In the conference room of the head office located in Brossard. Therefore, in the south suburbs of Montreal, the chief executive of G Mining Ventures, Pierre-Louis Gignac, admits it: he did not expect “perhaps” to what everything goes so quickly.

“Five years ago. However, there were 43 million with six investors who are specialists in the gold sector,” said the mining engineer, during an interview with The presson the sidelines of the annual shareholders’ meeting.

Things have changed since then. Meanwhile, On the Bay Street prosecution, the title of G Mining Ventures has taken nearly 3000 % in the past five years. g mining ventures | happiness Moreover, It is negotiated around $ 18.35. However, The 12 analysts following the activities of the Quebec company recommend the purchase of its action, according to Refinitiv.

It is said that chance sometimes does things well. Nevertheless, This is a bit the case with the Quebec yellow metal producer. Nevertheless, The financing tour carried out at the start of the decade allowed him to get his hands on the Tocantinzinho. Brazil’s deposit – a transaction announced in August 2021.

Since then, the price of precious metal has soared around 90 % to reach US $ 3,334 per Once. But in South America. G Mining Ventures has managed to do what few promoters g mining ventures | happiness manage to do: deliver a project while respecting its budget (around 465 million US) as well as its schedule.

“This is something that is not the norm in industry,” admits Mr. Gignac. There are often cost overruns and deadlines that are not respected. »»

G mining ventures | happiness

From A to Z

How did we get there? You have to go back in time. more specifically in 2006, when the sale of the Quebec Cambiori busy company in IAMGOLD is formalized.

Louis Gignac, previously leader of Cambior, is looking for another challenge. It sets up the family engineering. advice company G mining services (GMS) – now led by one of its three sons, Mathieu. Over the years, the firm realizes projects for giants like Newmont and Lundin. This allows the Gignac g mining ventures | happiness family to refine their expertise in the realization of mining complexes. which now benefits G Mining Ventures.

The Quebec mining now hopes to repeat the experience in Guyana, where she got her hands on Oko g mining ventures | happiness West’s deposit in 2024. She should formalize her decision to move forward later this year, once we have finished funding of around 450 million US.

If this project starts in 2028. it should allow G Mining Ventures to produce nearly 500,000 golden ounces annually in 2028, according to securities Desjardins, which would allow it to style producers like Lundin Gold, Torex Gold Resources and Orla Mining. The Quebec producer. however, still has a workplace to climb into the top 10 global, where the annual production of the actors was at least 1.7 million ounces of precious metal last year.

The retired geologist and investor Jacques Bonneau is not surprised by the stock market push of G Mining Ventures.

“Until now, the team delivers the goods and does what it says,” he says. They deliver the goods g mining ventures | happiness and can count on many mining and metallurgy engineers with the company specializing in services. It is a Quebec success. »»

G mining ventures | happiness

Quebec breakthrough?

Happiness is abroad for the Gignac family, although it remains rooted in Quebec. Projects were combed by Mr. Gignac’s team. For the moment, we preferred to stay on the side lines.

“There was no project that saved us from the eyes. where we could move forward quickly,” explains the leader of G Mining Ventures. We will not hide it, in Quebec, to obtain permits, it is an exercise that takes years. It is a long process. »»

Mr. Gignac does not close the door to a Quebec gold project. Once her business has started a critical mass of gold mines. she will have the g mining ventures | happiness luxury of taking her time in a place like Quebec.