diff --git a/configure.py b/configure.py
index 5317ae24..16d0f80b 100644
--- a/configure.py
+++ b/configure.py
@@ -133,7 +133,7 @@
 
 # Tool versions
 config.binutils_tag = "2.42-1"
-config.compilers_tag = "20231018"
+config.compilers_tag = "20240702"
 config.dtk_tag = "v0.9.0"
 config.sjiswrap_tag = "v1.1.1"
 config.wibo_tag = "0.6.11"
@@ -209,8 +209,6 @@
 cflags_bfbb = [
     *cflags_base,
     "-common on",
-    "-schedule on",
-    "-opt level=4,peephole,speed",
     "-char unsigned",
     "-str reuse,pool,readonly",
     "-use_lmw_stmw on",
@@ -229,7 +227,7 @@
     "-DGAMECUBE",
 ]
 
-config.linker_version = "GC/2.0"
+config.linker_version = "GC/2.0p1"
 
 
 # Helper function for Dolphin libraries
diff --git a/tools/project.py b/tools/project.py
index 28979871..04477205 100644
--- a/tools/project.py
+++ b/tools/project.py
@@ -1027,6 +1027,7 @@ def generate_objdiff_config(
         "GC/1.3.2": "mwcc_242_81",
         "GC/1.3.2r": "mwcc_242_81r",
         "GC/2.0": "mwcc_247_92",
+        "GC/2.0p1": "mwcc_247_92p1",
         "GC/2.5": "mwcc_247_105",
         "GC/2.6": "mwcc_247_107",
         "GC/2.7": "mwcc_247_108",