中文译文生成中，先为你显示原文。
Oct 29, 2026 News
(Kaieteur News) – G3 Goldfields Inc. Chief Executive Officer, Dan Noone has disclosed that the company stands to receive US$25 million for every additional 500,000 ounces of gold identified in updated mineral resource estimates for the Oko-Ghanie project in Region Seven (Cuyuni-Mazaruni), under an agreement with G Mining Ventures Corp. (GMIN).
G3 Goldfields was formed as a spin-out of G2 Goldfields Inc.’s remaining properties following its acquisition by fellow Canadian firm GMIN in July. GMIN acquired the Oko-Ghanie project through a US$2.2 billion (C$3 billion) transaction, bringing together G2’s Oko-Ghanie project and GMIN’s fully permitted and financed Oko West project.
查看配图：G3 to earn US$25M for every 500,000 new ounces of gold at Oko
Chief Executive Officer (CEO) of G3 Goldfields Inc., Dan Noone
The consolidation is intended to create a major gold mining project in Region Seven (Cuyuni-Mazaruni), while G3 Goldfields retained G2’s remaining properties that were not included in the acquisition.
During an interview with Kitco Mining correspondent, Paul Harris at the 2026 Precious Metals Summit in Beaver Creek, Colorado, Noone spoke about the contingent value rights (CVR) agreement, which is capped at US$200 million and provides for G3 to receive US$25 million for every additional 500,000 ounces recorded in the Oko-Ghanie project’s updated MRE.
When asked why GMIN did not acquire all of G2’s concessions under the agreement, Noone explained that the original intention was to sell only the Oko claim while retaining the Aremu concession, located northwest of the Oko claim, as well as the Puruni concessions.
He said GMIN was adamant that it wanted everything within the Oko catchment, including properties within trucking distance of about 30 kilometres.
“There is always ways to get deals done…so a CVR allows for one, incremental increases at Oko. We think they will get many more ounces there. But more importantly, a discovery on the Aremu claims, which we think is good potential. And so we don’t go, oh, we should never have given that up,” G3’s CEO said.
查看配图：G3 to earn US$25M for every 500,000 new ounces of gold at Oko
File photo of the Ghanie trend at its Oko project in Guyana. (Photo credit: Alisha Hiyate)
Noone noted that under the CVR agreement, G3 will receive US$25 million each time GMIN publishes an updated MRE showing an increase of at least 500,000 ounces. He said GMIN typically publishes its updated resource estimate in the first quarter of each year, adding that the payments can continue for 10 years before the agreement ends.
Noone explained that the company decided to retain the Aremu West and Puruni concessions because it believed there had not been enough exploration to assign a value to those properties.
“And at the end of the day that makes sense we understand that and so we kept everything to the west which falls into the Puruni catchment so they are separated as catchments but they are really adjacent to each other,” Noone added.
Kaieteur News recently reported that G3 Goldfields filed an independent technical report for its Puruni Project, which consists of 24 mining permits covering 32,771 acres of mining lands in Region Seven (Cuyuni-Mazaruni).
The Puruni Project comprises three groups of properties: Peters Mine, Tiger Creek and Property B. According to the report, G3 has the option to pay about US$1.7 million more to secure 100% interests for the Property B and Tiger Creek properties.
In addition to the Puruni property, G3 also holds multiple drill-ready targets in Aremu West which is located within the prolific Oko-Aremu gold belt.
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.