G Mining Raises Cost Forecast Amid Labour Inflation and Royalty Hikes

G Mining Ventures, a gold producer focused on South America, has revised its cost forecast for the year due to labour-cost inflation and increased royalty payments. The company expects operating expenses to be about 12% higher this year compared to previous targets.

Total cash costs are now estimated to range from $836 (C$1,179) to $965 per oz. sold, up from a previous target of $736-$865. All-in sustaining costs (AISC) have been raised to $1,330-$1,544 per oz., an increase from the previous estimate of $1,230-$1,444.

The higher cost forecast comes despite G Mining's better-than-expected second-quarter financial results. The company reaffirmed its 2026 production target of 160,000 to 190,000 oz. gold and reported adjusted net income for the quarter more than doubled to about $79.5 million.