G2 Goldfields

What G2 Goldfields does

G2 Goldfields Inc. is a Canadian gold exploration and development company headquartered in Toronto (with operational support in Georgetown, Guyana) that is publicly listed on the TSX (GTWO) and OTCQX (GUYGF). Originally incorporated as Sandy Lake Gold Inc. in 2019 and renamed that April, the company focuses on advancing the Oko Gold Project in Guyana's Guiana Shield, comprising five deposits (Oko Main Zone, Ghanie, Northwest Oko, North Oko, and New Oko Discovery) along a 15+ km mineralized trend. As of March 2025, the project hosts 1.6 Moz Au indicated and 1.9 Moz Au inferred; the company's maiden Preliminary Economic Assessment (December 2025) outlines 3.2 Moz of production over a 14-year mine life, 282,000 oz/year average output, and US$2.5B NPV5% at US$3,000/oz gold. The company also holds the Puruni (historic Peters Mine) and Aremu projects.

G2 is pre-revenue and does not yet produce or sell gold; its business model centers on raising equity capital through public offerings and private placements, alongside strategic investments (notably a C$22.05M AngloGold Ashanti investment in January 2024 and a C$49.5M private placement in September 2025) to fund exploration, metallurgical testing, NI 43-101 resource estimation, and feasibility work toward a mid-2027 construction decision. The underlying technology stack includes diamond drilling, bottle roll and BLEG metallurgical assays, structural geological architecture analysis, and 3D geological modeling, with technical reporting compliant with Canadian securities regulations.

In April 2026, G Mining Ventures Corp. announced a C$3 billion (US$2.2 billion) all-share acquisition of G2 at a 72% premium to combine the adjacent Oko West and Oko-Ghanie projects into a single 500,000+ oz/year district; concurrently, G2 is spinning out non-core exploration assets into G3 Goldfields Inc. on the CSE. The arrangement received 99.99% shareholder approval and court approval in June 2026, with closing expected in Q2/Q3 2026.

Name

G2 Goldfields

Legal name

G2 Goldfields Inc.

Website

https://g2goldfields.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

G2 Goldfields is a Canadian gold exploration and development company advancing the Oko Gold Project in Guyana's Guiana Shield, with 3.5 Moz Au of combined indicated and inferred resources and a maiden PEA showing US$2.5B NPV5%. Pre-revenue and subject to a C$3 billion all-share acquisition by G Mining Ventures announced in April 2026.

Ownership category

akta.pro rank

Product category

Gold Mining Exploration and Development

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Gold exploration
• Mineral resource development
• Gold mining
• Greenstone belt exploration
• NI 43-101 reporting

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Pre-Revenue Exploration Stage: G2 Goldfields is currently in the exploration and development phase with no revenue from gold production. The company is advancing its Oko Gold Project toward production, with a target Feasibility Study and construction decision by mid-2027. Future revenue will come from gold sales upon commencement of commercial production.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

G2 Goldfields is a Canadian gold exploration and development company focused on identifying and advancing mineral resources in Guyana's Guiana Shield. Its flagship offering is the Oko Gold Project, which hosts 1.6 million ounces of indicated and 1.9 million ounces of inferred gold resources, with a planned 14-year mine life producing an average of 282,000 ounces of gold annually. The company is advancing its assets toward production through diamond drilling, metallurgical testing, structural geological analysis, and a pending combination with G Mining Ventures to form a district-scale gold operation.

Product overview

G2 Goldfields is a Canadian gold exploration and development company operating in Guyana's Guiana Shield. The company's primary offering is the Oko Gold Project, a large-scale, high-grade gold development project comprising multiple deposits (Oko Main Zone, Ghanie, Northwest Oko, North Oko, and New Oko Discovery) along a 15+km mineralized trend. The company also operates the Puruni Project (including the historic Peters Mine) and the Aremu Project. G2 recently completed a Maiden Preliminary Economic Assessment (PEA) showing robust economics with a 14-year mine life producing 282,000 ounces annually. In 2026, G2 announced its acquisition by G Mining Ventures Corp. (GMIN) for C$3 billion, with a concurrent spin-out of non-core assets into G3 Goldfields Inc.

Differentiator

Problem solved

Functional benefit

Products and services

• Oko Gold Project Flagship gold exploration and development project located in the Cuyuni Mining District, approximately 120 km west-southwest of Georgetown, Guyana. Hosts 1.6 Moz Au indicated and 1.9 Moz Au inferred resources across five deposits (Oko Main Zone, Ghanie, Northwest Oko, North Oko, and New Oko Discovery) along a 15+ km mineralized trend.
• Puruni Project (Peters Mine)

Quantifiable outcome

• 3.2 million ounces total gold production over 14-year mine life
• +5 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core, minor and strategic.

• G Mining Ventures Corp.coreStrategic or Co-development Partner · 9 April 2026G Mining Ventures agreed to acquire G2 Goldfields in a C$3 billion (US$2.2 billion) all-share transaction to combine their adjacent Oko West and Oko-Ghanie gold projects in Guyana into a single district-scale development. The transaction, expected to close in Q2/Q3 2026 pending shareholder and regulatory approvals, creates a combined entity targeting over 500,000 oz annual gold production with expected synergies exceeding C$1 billion.
• G3 Goldfields Inc.coreStrategic or Co-development Partner · 9 April 2026Concurrent with the G Mining acquisition, G2 Goldfields is completing a spin-out of non-core exploration assets into G3 Goldfields Inc., which will be listed on the Canadian Securities Exchange. G2 shareholders will receive 0.5 G3 shares per G2 share held as part of the transaction structure.
• Tajiri Resources Corp.minorStrategic or Co-development PartnerNeighbor company in the Yono-Oko Gold Corridor with adjacent properties. Tajiri's exploration results indicate potential continuity of mineralizing systems from G2 Goldfields and G Mining Ventures deposits, which collectively host approximately 8.9 million ounces of gold resources in the district.
• Rock Solid InternationalstrategicStrategic or Co-development PartnerG Mining Ventures acquired a 20% stake in Rock Solid International to secure logistics for the Oko West project. Part of the broader district development strategy involving G2 Goldfields assets.

Scale indicators11 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• G Mining Ventures Corp: Acquirer of G2 Goldfields and direct district consolidator; owns the adjacent Oko West gold project in Guyana and the producing Tocantinzinho gold mine in Brazil. Most directly comparable peer given shared Guiana Shield focus and announced combination.
• Alamos Gold Inc. Intermediate gold producer/developer with a similar growth-oriented profile, focused on long-life, low-cost operations in the Americas. Comparable to G2 in scale of resource base and development-stage economics.
• Wesdome Gold Mines Ltd. Canadian mid-tier gold producer with operations in Ontario and Quebec. Comparable in market cap and growth profile to a post-acquisition G2, with similar focus on high-grade underground gold deposits.
• New Found Gold Corp. Canadian gold explorer that made a high-grade discovery at Queensway in Newfoundland. Comparable to G2 as a discovery-driven junior with substantial resource upside and similar market-cap profile during the exploration stage.

Emerging players

• Tajiri Resources Corp: Junior gold explorer with adjacent properties in the Yono-Oko Gold Corridor in Guyana. Directly comparable as a Guiana Shield neighbor whose exploration results indicate potential continuity of mineralizing systems connecting G2/GMIN deposits (collectively ~8.9 Moz).
• Lumina Gold Corp. Development-stage gold company advancing the Cangrejos project in Ecuador. Comparable to G2 as a junior advancing a single district-scale asset toward production; connected to G2 through board member Stephen Stow (former President & CEO of predecessor Odin Mining).

Broad incumbents

• IAMGOLD Corporation: Mid-tier gold producer operating the Rosebel Gold Mines in Suriname, immediately adjacent to the Guiana Shield. Operates in the same geological belt and shares similar regional operational expertise, though at much larger scale.
• AngloGold Ashanti plc: Global gold major and strategic investor in G2 (C$22.05M placement in 2024 plus follow-on participation). Operates broadly in gold mining with portfolio exposure across multiple jurisdictions; major third-party validator of G2's Oko asset.
• Barrick Gold Corporation: World's largest gold miner with significant South American and Guiana Shield exposure. Comparable as a benchmark for the broader gold mining sector and as a potential strategic acquirer of district-scale assets.
• Equinox Gold Corp. Mid-tier gold producer with diversified Americas-focused portfolio. Comparable as a benchmark for production-stage gold companies of similar size and operational profile to post-acquisition G2/GMIN combined entity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/g2goldfields
• Facebookfacebook.com/G2-Goldfields-Inc-61564958360058
• LinkedInlinkedin.com/company/g2goldfields

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about G2 Goldfields