Greenheart Gold CEO Justin van der Toorn Commends Guyana and Suriname for Upholding Mining Agreements, Originating from G Mining Ventures Corp. and Reunion Gold Corporation
Justin van der Toorn, CEO of Greenheart Gold Inc., which originated from the business combination of G Mining Ventures Corp. (GMIN) and Reunion Gold Corporation on July 15, 2024, stated at the Nordic Funds & Mines 2026 conference that both Guyana and Suriname have maintained the terms of mineral agreements with investors, citing political stability and minimal red tape as benefits for companies investing in mining projects in the Guiana Shield, according to Kaieteur News.
According to Kaieteur News, Justin van der Toorn, the President and Chief Executive Officer of the Canadian company Greenheart Gold Inc., which originated from the business combination of G Mining Ventures Corp. (GMIN) and Reunion Gold Corporation on July 15, 2024, commended Guyana and Suriname for not retracting the terms of mineral agreements established with investors, which provides confidence for companies investing in mining ventures in the neighboring nations. (GMIN) and Reunion Gold Corporation on July 15, 2024, commended Guyana and Suriname for not retracting the terms of mineral agreements established with investors, which provides confidence for companies investing in mining ventures in the neighboring nations. Van der Toorn shared these comments during an interview at the Nordic Funds & Mines 2026 conference, where he discussed Greenheart Gold's gold exploration strategy across both countries and investment prospects within the Guiana Shield.
Greenheart Gold Inc. originated from the business combination of G Mining Ventures Corp. (GMIN) and Reunion Gold Corporation on July 15, 2024. The CEO emphasized that both nations exhibit political stability, noting that this stability is reflected in the number of companies drawn to South American countries due to market opportunities and political steadiness. Van der Toorn mentioned that West African companies are also attempting to find opportunities there.
Furthermore, the CEO asserted that both countries have adhered to the stipulations of mineral agreements signed with investors. Van der Toorn explained that when developing a mining project, establishing a mineral agreement with the government is a necessary step, and both countries have experience with this process. He added that they have consistently upheld the terms and conditions, ensuring that investments can be long-term.
Van der Toorn also praised the limited bureaucratic procedures in Guyana and Suriname, which he stated enables companies to move forward with their projects and reduce the time required for shareholders to see returns. He remarked that these are two countries where operations are straightforward, allowing for the immediate transport of equipment to a site. This lack of significant bureaucratic obstacles permits quick and efficient exploration work, which ultimately leads to better returns for shareholders in a shorter timeframe.
Greenheart Gold conducts its operations within the Guiana Shield, focusing its exploration activities in Guyana and Suriname. In early 2026, Greenheart entered into an option agreement to acquire a 100% interest in the Gold Hill project in Guyana, but subsequently terminated its option agreements for the Tamakay and Abuya projects after determining that the deposits did not meet the necessary size and scale for economic development. The Gold Hill property is situated about 13.5 kilometers east of the Toroparu project, which is operated by the Canadian firm Aris Mining and contains an estimated 5.3 million ounces of gold in measured and indicated resources. The Gold Hill property spans approximately 40 square kilometers within the Mazaruni mining district in north-western Guyana. In Suriname, Greenheart manages the Igab, Majorodam, and Tosso Creek projects, and the company has already initiated its drilling programs across these three projects, having previously announced drill results from the exploration work completed to date.