Overview
- The company reported Q1 2026 net income of $80.4 million, revenue of $139.9 million, and free cash flow of $56.2 million, helped by a realized gold price of $4,143 per ounce.
- Jefferies said the back‑half production plan supports guidance even though adjusted EPS of $0.27 and EBITDA of $98 million missed forecasts due to the Franco‑Nevada stream pricing.
- Tocantinzinho produced 31,846 ounces in the quarter, about 18 percent of the midpoint of 2026 guidance, with roughly 62 percent of annual output planned for the second half.
- Construction at the Oko West project in Guyana reached 19.7 percent complete with $525.2 million committed of a $973 million budget, and first gold is targeted in the second half of 2027.
- G Mining proposed acquiring G2 Goldfields to combine Oko‑district assets, targeting life‑of‑mine output above 500,000 ounces per year and identifying more than C$1 billion in potential synergies.