Construction is gathering pace at G Mining Ventures' Oko West Gold Project in Region Seven, with the company reporting significant progress across several critical facilities as Guyana edges closer to adding another large-scale gold producer.
In its latest monthly construction update, the Canadian mining company said major works continued throughout July, including the pouring of the mat foundation for the project's primary crusher, while rebar installation and construction of the first level are now underway.
The company also reported that the power plant's foundation and structural steel framing have been completed, with more than 1,350 cubic metres of concrete poured so far. Structural framing has also been completed for both the Mine Maintenance Facility and the Assay Laboratory.'
The latest milestones build on rapid construction progress already reported earlier this year, with G Mining Ventures saying the project remains on schedule and on budget. As of the end of the first quarter of 2026, overall construction had reached nearly 20% completion, while engineering and procurement were each approximately 80% complete. More than US$292 million had already been invested in the project, with over US$525 million committed toward development.
The company expects the first gold pour during the second half of 2027, followed by commercial production in January 2028.
The Oko West development is one of Guyana's largest new mining investments and is expected to become the country's newest large-scale gold mine, complementing operations already run by Aurora Gold Mines and Zijin Mining's Aurora operation.
According to G Mining Ventures, construction activities are advancing simultaneously across the process plant, power infrastructure, tailings storage facility, mine infrastructure and logistics network. Major equipment has largely been secured, while grinding mills are expected to become operational by August 2027 as commissioning activities intensify.
The company has also steadily expanded its workforce, employing more than 1,300 workers, approximately 82% of whom are Guyanese, underscoring the project's growing contribution to local employment during the construction phase.
When operational, Oko West is expected to rank among Guyana's largest gold producers. The mine's feasibility study outlines average annual production of roughly 350,000 ounces of gold during its first five years, supported by an initial mine life of about 12 years, making it one of the most significant new gold developments in the Guiana Shield.
With construction continuing to gather momentum, the project remains on track to become another major contributor to Guyana's expanding mining industry, which has been experiencing strong growth alongside the country's rapidly developing oil and gas sector.
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