GMining Ventures Corp. (GMIN) has welcomed Guyana’s emergence as one of the leading mining investment destinations in the world, saying the country’s rapid climb in global rankings reflects its growing reputation as a secure and competitive jurisdiction for responsible resource development.
The Canadian company, which is advancing its world-class Oko West Gold Project in northwest Guyana, recently said that it is “proud to be part of the responsible development of the region” as the nation strengthens its position on the global mining stage.
“As Guyana solidifies its position on the global mining stage, G Mining Ventures is proud to be part of the responsible development of the region through Oko West,” GMIN’s Country Manager Bjorn Jeune stated.
GMIN’s remarks came on the heels of the Fraser Institute’s 2024 Annual Survey of Mining Companies which ranked Guyana number one in Latin America and the Caribbean for overall investment attractiveness, ahead of Brazil, Chile, Peru, and Mexico. Globally, Guyana is now in the top 10, up from 22nd in 2022, and is ranked seventh worldwide for Best Practices Mineral Potential, an acknowledgment of its vast, underexplored geology.
The Oko West Gold Project is G-Mining Ventures’ flagship open-pit gold development, hosting a large, high-grade deposit. Anticipated to produce over 300,000 ounces of gold, this project is pegged at US$1.5 billion.
The Fraser Institute survey is a widely used industry benchmark for assessing how geological potential, policy stability, and regulatory conditions influence mining investment decisions. Guyana’s sharp rise suggests increasing investor confidence in a country where mining is expected to play an expanding role in economic diversification alongside oil and gas. The positive policies of the Government of Guyana have been pivotal to this attainment.
