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

G Mining Ventures

13/11/2026 01:47

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: ID:nGNX7yX1WV

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

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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.)