Canadian gold mining company G Mining Ventures Corp. has expanded its footprint in Guyana beyond Region Seven, acquiring a 20 percent interest in wharf and storage facilities at the Eccles Port Facility on the Demerara River as it advances its Oko West Gold Project toward first production in 2027.
The company announced the acquisition in its Q1-2026 project update, disclosing that it now holds a 20 percent stake in Rock Solid International Inc., a Barbados-registered company owned by Guyanese citizen Timur Mohamed, which indirectly owns and operates the wharf and storage facilities at Eccles. GMIN said the investment secures priority handling and preferential rates for equipment, materials and supplies destined for its mining operation in Region Seven. A planned expansion of the facility, targeted for completion by year end, is expected to allow incoming vessels to berth and unload cargo directly at the site.
The Eccles Port Facility is currently being used to load barges heading to GMIN’s barge facility on the Cuyuni River. The company said the arrangement strengthens its supply chain for one of Guyana’s most significant emerging gold operations.
On the construction front, GMIN reported that the Oko West project has reached 19.7 percent overall completion, with detailed engineering approximately 80 percent done and all work tracking on schedule and on budget. Approximately US$292 million has been spent to date. First gold pour is targeted for the second half of 2027, with commercial production expected by January 2028.
Key construction milestones include the completion of the barge landing caisson and ramp at the project site, mass excavation for the primary crusher, and progress on the tailings storage facility, which has reached 36 percent completion. The power plant is expected to be operational in July 2027, followed by the grinding mills in August 2027.
The on-site workforce has grown to 1,379 personnel, with 82 percent being Guyanese nationals. Camp capacity has been increased to 1,058 beds to support continued workforce expansion, with full occupancy expected by November 2026.
GMIN President and CEO Louis-Pierre Gignac said the company is very pleased with the rapid construction progress, noting that Oko West is tracking well on schedule and on budget for first gold pour in the second half of 2027.
The Oko West project holds 4.64 million ounces of gold and was added to GMIN’s portfolio in 2024 following its combination with Reunion Gold. Last month, the company announced a definitive agreement to acquire fellow Canadian firm G2 Goldfields for approximately US$2.2 billion, a deal that would consolidate the adjacent Oko West and Oko-Ghanie projects into a combined resource of 7.0 million measured and indicated ounces across a contiguous land package exceeding 362 square kilometres.
SOURCE: Kaieteur News, “Canadian gold company now has hands in Eccles wharf, storage facilities,” May 12, 2026
