Canada's G Mining Ventures Q2 free cash flow rises on higher gold prices

G Mining Ventures

13/08/2026 01:45

Overview
Canada precious metals miner's Q2 revenue rose yr/yr on higher realized gold prices
Q2 adjusted net income and free cash flow increased from prior year
Company completed G2 Goldfields acquisition after quarter-end, consolidating Oko district assets

Outlook
Company maintains 2026 gold production guidance at 160,000–190,000 oz, with higher H2 output expected
Company raises 2026 cash cost guidance to $836–$965/oz and AISC to $1,330–$1,544/oz
G Mining expects first gold pour at Oko in H2 2027; construction remains on schedule

Result Drivers
MILL RECOVERIES - Q2 output improved from Q1 as plant feed grades and mill recoveries rose, while mining advanced toward higher-grade Phase 2 mineralization
GOLD PRICE - Strong gold price environment contributed to robust margins and higher free cash flow
COST PRESSURES - Higher unit costs driven by lower production volumes, increased royalties, and a stronger Brazilian real relative to USD

Company press release: ID:nGNX59CQbJ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted Net Income
 
$79.15 mln
 
Q2 Net Income
 
$71.96 mln
 
Q2 Adjusted EBITDA
 
$113.73 mln
 
Q2 EBITDA
 
$106.94 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$61.00, about 22.4% above its August 12 closing price of C$49.82
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
Aug 11 - Canada's Integra Resources Q2 revenue rises on higher gold prices
Aug 10 - Canada's Barrick Mining Q2 profit misses estimates, plans North American IPO by end-2026
Aug 12 - Canada's Pan American Silver Q2 adjusted EPS misses estimates on lower gold output

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.)