07:44 AM EDT, 05/27/2024 (MT Newswires) -- G Mining Ventures ( GMINF ) on Monday said its Tocantinzinho Gold Project under construction in the State of Para, Brazil, is 93% complete and remains on track and on budget for commercial production in the second half of this year.

Total spending to date has been US$447 million with open commitments of an additional US$11 million. G Mining ( GMINF ) says it is tracking in line with the feasibility study. It added that about 1,500 employees and contractors are currently employed by the project with Brazilians making up 94% of the workforce.