FINANCIALS Published on 09 June 2021






This report on results for the three and six months ended April 30, 2021 contains “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws, including forward-looking information about G Mining Ventures Corp.’s (formerly Kanadario Gold Inc.) (the "Corporation") plans, operations, estimates, and exploration and acquisition spending.


Forward-looking information is generally signified by words such as “forecast”, “projected”, “expect”, “anticipate”, “believe”, “will”, “should” and similar expressions. Forward-looking information is based on assumptions, expectations and projections that the Corporation believes were reasonable at the time such information was prepared, but assurance cannot be given that any of these assumptions, expectations or projections will prove to be correct, and the forward-looking information in this report should not be unduly relied upon. The forward-looking information and the Corporation’s assumptions, expectations and projections are subject to uncertainties and risks and are based on a number of assumptions made by the Corporation, any of which may prove to be incorrect. Many of these uncertainties can affect, and could cause, actual results to differ materially from those implied in any forward-looking statement; future events could differ materially from what is currently anticipated by the Corporation.




  • Closing of private placements: A brokered private placement and a non-brokered private placement have generated gross proceeds of $42.6 million and will be used for general corporate and working capital purposes as well as for acquiring at least one advanced stage mineral asset and for continuing exploration and development activities beyond 2021;
  • Experienced leadership team: The Corporation is backed by the principals of G Mining Services Inc. (“GMS”), a proven team with a strong track record of project development and mine operations;
  • Industry leading technical team: An arm’s length Master Services and Cooperation Agreement was entered into with GMS, a private consultancy firm directly involved in the successful construction and development of the Fruta del Norte gold mine in Ecuador (Lundin Gold Inc.) and the Merian gold mine in Suriname (Newmont Mining Corp.), among other projects; and
  • Sprott partnership: An agreement was entered into with Sprott Resource Lending Corp. (“Sprott”), a leading financier to the mining sector, to provide the Corporation with access to funding of up to US$200 million  for future project acquisitions and project development opportunities.




This Management Discussion and Analysis (“MD&A”) of the financial condition, results of operations and cash flows of the Corporation for the three and six months ended April 30, 2021, should be read in conjunction with the condensed interim financial statements for the three and six months ended April 30, 2021, the audited financial statements and notes thereto as well as the MD&A as at and for the year ended October 31, 2020. This MD&A is dated June 9, 2021 and all monetary amounts are expressed in Canadian dollars, the Corporation’s reporting currency, unless otherwise noted. Additional information relating to the Corporation is available on its website at and on SEDAR at


The Corporation has prepared its condensed interim financial statements for the three and six months ended April 30, 2021 in accordance with International Financial Reporting Standards (“IFRS”) and International Accounting Standard (“IAS”) 34 Interim Financial Reporting, as issued by the International Accounting Standards Board.




The Corporation is an exploration stage company incorporated on November 23, 2017, under the laws of the province of British Columbia, Canada. Its principal business activity is the acquisition, exploration and evaluation