May 12 (Reuters) - Canada-based mining company G Mining

Ventures ( GMINF ) said on Monday it will restate its

consolidated financial statements for 2024 to reflect certain

accounting adjustments that were identified during a financial

review for the first quarter.

The non-cash accounting adjustments worth about $32 million

in total will have no impact on its cash position, liquidity,

operating income, cash flows, or compliance with any financial

covenants, its finance chief Julie Lafleur said.

The precious metals company is expected to release its

first-quarter results on May 14.

The company on Monday also restated its fourth quarter 2024

net income to $15.2 million from $47.6 million reported earlier.