![Canada , Brazil and Guyana Canada , Brazil and Guyana](https://cdn-www.bnamericas.com/img/flags/ALL.jpg)
G Mining obtains funds to advance South American projects
![G Mining obtains funds to advance South American projects](https://cdnimg.bnamericas.com/LUdlxiyAYRWMzxnEinfeczLrYsjWKnNPkzwwkqXKnPZXXUBcKLzwxLXtgUzhVmov.jpg)
Canada listed G Mining Ventures raised Cdn$50 million (US$36.6mn) from a private placement of shares with existing controllers as part of efforts to strengthen its assets in South America.
The amount was raised by members of the firm's shareholders La Mancha Investments and Franco-Nevada Corporation.
G Mining also announced that the Ontario superior court approved the recently announced merger with Reunion Gold, under which G Mining will acquire the Oko West project in Guyana, in the Guiana Shield region.
In a separate statement, the firm announced its first gold pour, of 44oz, at its Tocantinzinho project in Brazil’s Pará state. The project remains on time and budget for commercial production in the second half.
The definitive feasibility study contemplates a 10.5-year mine life with average annual gold production of 175,000oz and initial capital cost of Cdn$458mn.
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News in: Mining & Metals (Brazil)
![Brazilian agencies strike deal to speed up mining sector procedures](https://cdn-www.bnamericas.com/img/sectors/miningmetals_1.jpg)
Brazilian agencies strike deal to speed up mining sector procedures
Industrial development agency ABDI and mining regulator ANM signed a technical cooperation agreement with the aim of reducing ANM's procedural bott...
![Brazil's mining industry pushing hard to prevent new tax](https://cdn-www.bnamericas.com/img/sectors/miningmetals_2.jpg)
Brazil's mining industry pushing hard to prevent new tax
Representatives of mining association Ibram explained during a lower house hearing why provisions for a specific tax would hurt the sector and the ...
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Other projects in: Mining & Metals (Brazil)
Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.
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Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...