FAQ on G Mining Ventures Corp.'s 2024 Financial Restatement Due to Non-Cash Foreign Exchange Adjustments

What is the reason behind G Mining Ventures Corp.’s financial restatement?

The restatement is due to two non-cash accounting adjustments totaling approximately $32 million related to IAS 21 foreign exchange treatment, reclassifying $11 million in unrealized foreign exchange losses and $21 million in income tax recovery.

How does the restatement affect G Mining Ventures Corp.’s net income and EPS for Q4 2024?

Net income for Q4 2024 will be restated from $47.6 million to $15.2 million, and basic EPS from $0.21 to $0.07.

Does the restatement impact the company’s cash position or operations?

No, the restatement has no impact on the company’s cash position, operations, or financial covenants.

When will the revised financial documents be filed?

Revised documents will be filed before the company releases Q1 2025 results on May 14, with a conference call scheduled for May 15.

Where can I view the full press release about the restatement?

The full press release can be viewed at https://ibn.fm/GyGje.

What projects is G Mining Ventures Corp. currently working on?

GMIN is currently anchored by the Tocantinzinho Gold Mine in Brazil and Oko West Project in Guyana, both in mining friendly and prospective jurisdictions.

How can investors stay updated on G Mining Ventures Corp.?

The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF.

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