In-line Q1 Financials; Well positioned to deliver on Oko West

研报英文原文证据摘录

In-line Q1 Financials; Well positioned to deliver on Oko West

onal funding beyond our forecasts

and there can be no assurance that these funds will be available, or at an acceptable cost.

Environmental Risk – Risks assessed include water and waste recycle rates, electricity and

energy from renewables, emissions and energy intensity, scope 1 & 2 & 3 emissions, greenhouse

emission targets, reclamation and tailings targets, environmental incident counts and

environmental certifications, and preventative practices and monitoring.

Social Risk – Both national and local community support are critical to successfully building

and operating a mine. Some of the key elements to assess include workplace safety metrics,

community investment, economic value generated and distributed, procurement from local

vendors, percentage of costs spent with local suppliers and good stewardship of the local

environment.

Risks To The Price Target

Our target price is subject to political, technical, forecast, and financial risks. These risks

include, but are not limited to, risks related to gold and fuel prices; the governing fiscal and

legislative regimes; the timing of key developments; market conditions; capital and operating

costs; foreign exchange rates; resources; operating parameters; permitting; environmental

concerns; indigenous people relations; and staffing and retention of key personnel. A unique

risk to G Mining Ventures is its non-arm’s length Master Services Agreement with G Mining

Services and represents a potential conflict of interest with the Gignac family owning GMS.

Three strategic shareholders hold a total of approximately one-third of the outstanding shares.

These shareholders may exert significant influence and be a potential overhang if they were to

monetize their stake.