Morning Briefing: G Mining Ventures to Acquire G2 Goldfields in $3B Transaction
Good morning and welcome back to the Mining Stock Daily morning briefing. This is Trevor Hall.
It's Thursday, April 9.
Metals are relatively steady this morning. Gold is holding near $4,770 an ounce, silver is at $74.38, and copper futures are pulling back — down over 1% to around $5.70 a pound. After a strong start to the week, the complex is taking a breather and waiting for the next directional signal.
The story in the mining equity space yesterday was the divergence between the initial move and the close. The GDX and GDXJ both opened higher in the morning, tracking gold's relative stability and the positive sentiment around the ceasefire, but then gave up those gains through the session and finished lower on the day. That kind of intraday reversal — higher open, weak close — is worth watching, and it reflects a market that is still digesting what the ceasefire actually means for the trajectory of gold. The underlying bid remains intact. Central bank demand hasn't gone away, dollar weakness hasn't resolved, and the geopolitical situation is still far from settled. But miners telling a different story than the metal in the short term is a signal that the equity side of this trade wants more clarity before committing to a sustained move higher.
We’ll get to the news from the miners and explorers in just a moment, but first a word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by…Revival Gold.
Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at revival-gold.com
And here's what you need to know this morning…..
G Mining Ventures has announced a definitive agreement to acquire G2 Goldfields in an all-share transaction, with G2 shareholders receiving 0.212 GMIN shares for each G2 share held — a 72% premium to G2's 30-day volume-weighted average price on the TSX as of April 8th. The deal consolidates G Mining's fully permitted Oko West project with G2's adjacent Oko-Ghanie property in Guyana, creating a single integrated operation with combined life-of-mine average production potential above 500,000 ounces per year and projected synergies exceeding C$1 billion. G Mining plans to fund Oko-Ghanie development from its own balance sheet and free cash flow from its Tocantinzinho mine in Brazil, and says the combination accelerates and simplifies Oko-Ghanie's permitting by folding it into the already-permitted Oko West framework. As part of the transaction, G2 shareholders will also receive shares in a newly created entity called G3 SpinCo, which will hold G2's remaining exploration properties — including Tiger Creek and Peters Mine — and will be seeded with C$45 million in funding and a contingent value right. Shareholders representing approximately 37% of G2's outstanding shares, including directors and major shareholder Ithaki Limited, have signed voting support agreements. The transaction is expected to close in Q2 2026 (TSX: GMIN, TSX-V: GTWO). News Release
Equinox Gold has reported preliminary Q1 2026 production of 197,628 ounces of gold, the first full quarter reflecting the company's scale following its business combination with Calibre Mining. Equinox also reduced total debt by approximately $990 million in the quarter through proceeds from the Greenstone royalty and stream transactions and cash generation from operations, and paid its inaugural dividend of $0.015 per share in March (TSX/NYSE: EQX). News Release
Great Pacific Gold has reported a drill intercept of 59.9 metres grading 1.43 grams per tonne gold equivalent from surface at the Kavasuki target within its Wild Dog Project in Papua New Guinea, including a higher-grade section of 14.0 metres at 2.69 grams per tonne AuEq. Kavasuki is one of several targets within the Wild Dog land package (TSX-V: GPAC). News Release
Aldebaran Resources has released a new drill result from the Altar copper-gold porphyry project in San Juan, Argentina, with drilling intersecting 936 metres grading 0.66% copper equivalent — including 0.62% copper, 0.09 grams per tonne gold, and 1.16 grams per tonne silver — and a higher-grade core of 194 metres at 0.99% CuEq, including 0.92% copper, 0.19 grams per tonne gold, and 1.02 grams per tonne silver. Altar is a large-scale porphyry system in Argentina's established copper-gold mining belt (TSX-V: ALDE). News Release
Heliostar Metals has reported a drill intercept of 101 metres grading 5.34 grams per tonne gold from the Ana Paula Expansion Zone in Mexico. The result comes from Heliostar's expanded 28,000-metre program, with 84 holes and over 28,300 metres completed to date. The company is collecting rock strength data and metallurgical samples in support of a feasibility study (TSX-V: HSTR). News Release
Integra Resources has announced a 50,000-metre drill program — the largest in the company's history — across its three Nevada-Idaho properties. The program targets production growth and resource expansion at the operating Florida Canyon Mine, development drilling at Delamar, and engineering work at Nevada North. An updated feasibility study for Delamar is expected later this year (TSX-V/NYSE: ITRG). News Release
Coppernico Metals has optioned the Nioc and Fierrazo concessions at its Sombrero copper-gold porphyry project in Peru through an agreement with Aceros Arequipa. The company identifies these concessions as cornerstone targets within the Sombrero system. The addition consolidates Coppernico's land position at the project (TSX: COPR). News Release
Mithril Silver and Gold has reported initial drill results from the Target 3 and Target 5 areas at its Copalquin project in Durango, Mexico. Headline intersections include 0.90 metres grading 2.79 grams per tonne gold and 151 grams per tonne silver, and 0.50 metres of 6.91 grams per tonne gold and 475 grams per tonne silver at Target 3. At Target 5, a hole returned 0.50 metres of 33.2 grams per tonne gold and 5.9 grams per tonne silver, which the company is treating as a new discovery area. A 25,000-metre program is planned across multiple targets at Copalquin (TSXV: MSG) (ASX: MTH). News Release
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That's it for today everyone. Have a great day. Stay safe.
The information presented should not be considered investment advice. Mining Stock Daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein. Please do your own research or speak with a licensed financial representative before making any investment decisions.