08:21 AM EST, 11/10/2025 (MT Newswires) -- G Mining Ventures ( GMINF ) , which rose 4% last Friday, on Monday said it completed the first scheduled drawdown of US$80 million under its $350 million revolving credit facility previously announced on Oct. 6, 2025, related to development and construction of it's 100% owned Oko Gold Project in Guyana.

The company said that proceeds from the drawdown were used to repay in full the outstanding senior secured term loan in the aggregate amount of US$80 million previously provided by Franco-Nevada GLW Holdings Corp.

The company added that at current effective rates, the refinancing will generate annual interest savings of approximately US$1.5 million, "further strengthening GMIN's balance sheet supporting continued disciplined growth across its portfolio."

The $350 million revolving credit facility was arranged with a syndicate of "leading international lenders" and provides "enhanced liquidity and flexibility to support GMIN's operations and development pipeline," said the company.

A statement noted that the facility has a term of four years, with a potential one-year extension at GMIN's option and is secured by the Corporation's assets on standard market terms.

"Executing this refinancing marks another step in optimizing our capital structure and improving capital efficiency," said G Mining Ventures' ( GMINF ) Vice President, Finance & Chief Financial Officer Julie Lafleur. "By lowering our cost of debt, we're realizing meaningful savings while maintaining the financial strength to support Tocantinzinho's operations and the advancement of Oko West. These results reflect the disciplined financial management that underpins GMIN's strategy and ongoing value creation for shareholders."