G Mining Ventures Secures Major Tax Incentive for Brazilian Gold Mine

G Mining Ventures Corp. has received approval from Brazil's Superintendência do Desenvolvimento da Amazônia for the inclusion of its Tocantinzinho Gold Mine in the regional development tax incentive program. This approval represents a substantial financial benefit for the company, reducing the nominal corporate income tax rate for the Tocantinzinho project from 34% to approximately 15.25% for a period of ten years beginning in fiscal 2025, with potential for renewal thereafter.

Chief Executive Officer Louis-Pierre Gignac emphasized the strategic importance of this tax incentive, noting that it significantly strengthens the economics of the Tocantinzinho Gold Mine while expanding operational margins. The enhanced financial position resulting from this tax reduction is expected to generate increased free cash flow that will support the company's broader growth initiatives. These include development of the Oko West Gold Project in Guyana and ongoing exploration activities at the Gurupi property.

The tax incentive approval comes at a critical time for G Mining Ventures as the company positions itself for expansion in mining-friendly jurisdictions. The reduced tax burden at Tocantinzinho provides additional financial flexibility and improves the project's overall investment profile. For more detailed information about the company's developments, investors can access the full press release at https://ibn.fm/gESpw.

This tax incentive represents a significant milestone in the company's strategy to capitalize on value uplift from successful mine development. The approval from SUDAM demonstrates regulatory support for mining development in the Amazon region while providing G Mining Ventures with a competitive advantage through reduced operational costs. The company maintains its focus on building toward becoming a mid-tier precious metals producer through strategic project development and exploration.