G Mining Raises Operating Expense Forecast Due to Labour Inflation

G Mining Ventures (TSX: GMIN; US-OTC: GMINF), a gold producer focused on South America, is increasing its operating expense forecast due to rising labour costs and higher royalty payments. The company's total cash costs for the year will be around 12% higher than expected.

The increased expenses are attributed to inflationary pressures on labour costs and rising royalty payments. This development has led to a decline in share price, as investors adjust their expectations accordingly.