G2 Goldfields Aims for 300,000 to 350,000 Ounces Per Year as It Prepares for M&A

G2 Goldfields (TSXV: GTWO; OTCQX: GUYGF) is positioning itself for a major leap in scale as it advances the Oko gold project in Guyana, now sitting on a 3-million-ounce resource with a high-grade discovery 9 kilometers north that could add another 300,000 to 500,000 ounces in the near term.

CEO Daniel Noone tells Kitco Mining the company is focused on building scale—not just mine life, with plans for 10,000 tonnes per day throughput and annual production of 300,000 to 350,000 ounces. A resource update and PEA are both expected by the end of October.

M&A is now a top priority, with Canaccord and Coremark mandated to run a formal sales process in Q4. Following AngloGold Ashanti’s exit from its 15% stake, Noone says buyer interest has increased significantly: “They have a lot more interest since Anglo left the room.”

G2 also plans to spin out its other Guyana concessions into G3 Goldfields, with a shareholder vote set for November 27 and trading expected to begin in early 2026. Shareholders will receive 1 G3 share for every 2 G2 shares, with G3 launching with at least C$10 million in funding to minimize dilution.

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