Canadian miner G Mining Ventures has agreed to acquire G2 Goldfields in an all-share transaction valued at about C$3 billion, combining the adjacent Oko West and Oko-Ghanie gold projects in Guyana into a district-scale complex. G2 shareholders will receive 0.212 G Mining shares per G2 share, implying an offer price of C$10.84 and a 72% premium based on the parties’ 30-day volume-weighted average prices. The deal, expected to close by June 30, 2026 subject to shareholder and regulatory approvals, would leave existing G Mining shareholders with about 80.1% of the combined company and G2 shareholders with 19.9%, with G2 holders and insiders representing 37% of shares already under voting support agreements.

The combined assets are expected to produce more than 500,000 ounces of gold annually over the life of mine, versus roughly 350,000 ounces for Oko West and 228,000 ounces for Oko-Ghanie on a standalone basis, and to unlock over C$1 billion in synergies through shared infrastructure, optimized mine sequencing and permitting efficiencies. The land package would exceed 362 square kilometres, supported by 7 million ounces of measured and indicated resources and 2.3 million ounces inferred. G2 investors will also receive equity in G3 SpinCo, funded with C$45 million and holding non-core assets, plus a contingent value right of up to US$200 million.