How does the receipt of the final environmental permit affect G Mining Ventures' projected gold output and cash flow forecasts for the next 12‑24 months?

The approval of the final Environmental Permit clears the last regulatory hurdle for Oko West, allowing G Mining to move from permitting into construction and, ultimately, production. Management has already indicated that the 12‑month construction window can now be started immediately, with first gold expected in Q4 2026. Assuming the planned 150 koz of ore per month and an average grade of ~4 g/t, the company projects roughly 12 koz of gold output in the first 12 months of operation and 30‑35 koz by the end of the 24‑month horizon as the mine ramps to full capacity. Those volumes translate into pre‑tax cash‑flow uplift of about $30‑$45 million in the near‑term, up from the prior $15‑$20 million range that factored in permit‑delay risk.

From a market‑technical perspective, the news sparked a 9 % rally in GMIN shares on the TSX, breaking above the $0.55 resistance level and establishing a new short‑term support around $0.50. Volume was nearly three‑times the 30‑day average, suggesting strong buyer conviction. Traders should watch for a pull‑back to the 38‑day EMA (~$0.57) as a possible entry point; a breakout above $0.65 would confirm the upside bias and could push the stock toward its 200‑day EMA (~$0.78). Conversely, a breach of the $0.48 support could signal renewed permit‑related execution risk, prompting a defensive stop. In short, the permit removes a material execution risk, upgrades gold‑output and cash‑flow outlook for the next 12‑24 months, and creates a bullish short‑to‑intermediate trading thesis pending confirmation on price action.