06:39 AM EDT, 10/03/2025 (MT Newswires) -- G Mining Ventures ( GMINF ) late Thursday said its Tocantinzinho gold mine in Brazil has been formally approved for inclusion in a regional development tax incentive program.

With the approval from the Superintendencia do Desenvolvimento da Amazonia, or SUDAM, the Brazilian nominal corporate income tax rate applicable to the mine will be reduced from 34% to about 15.25% for a 10-year period starting in fiscal year 2025.

The incentive is renewable following the initial term and is expected to materially boost after-tax earnings and free cash flow.

"The approval of this tax incentive further strengthens TZ's already robust economics and affirms the value of our investment in the Amazon region," said G Mining ( GMINF ) president and CEO Louis-Pierre Gignac.