|Bid||5.51 x 0|
|Ask||5.57 x 0|
|Day's Range||5.44 - 5.64|
|52 Week Range||2.08 - 5.80|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||8.66|
|Earnings Date||Aug 14, 2019 - Aug 14, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.46|
Lombardo Paredes Arenas has been the CEO of Gran Colombia Gold Corp. (TSE:GCM) since 2014. This analysis aims first to...
Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the Company’s latest results, said, “We are pleased with our second quarter 2019 operating and financial results. For the first half of this year, our revenue was up 16%, our adjusted EBITDA was up 27%, our operating cash flow up in gold prices, well above the average for the first half of this year, our second half earnings, cash flows and cash balance are poised to benefit from our leverage to gold prices. The strength of the Company’s operating performance at its high-grade Segovia Operations in the first half of 2019 has allowed it to raise its annual gold production guidance for 2019 to a range of between 225,000 and 240,000 ounces.
TORONTO, Aug. 13, 2019 -- Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today the final assay results from 115 diamond drill holes (10,783 meters) included in the.
Great stocks like A&W Revenue Royalties Income Fund (TSX:AW.UN) and Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) are worth their inflated price.
TORONTO, July 16, 2019 -- Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today the details for the forthcoming quarterly repayment of its 8.25% Senior Secured.
OTCQX: TPRFF) announced today that it produced a total of 18,882 ounces of gold in June bringing the total for the second quarter of 2019 to 57,882 ounces, up 9% over the second quarter of 2018. For the first half of 2019, the Company produced a total of 118,483 ounces of gold, up 12% over the first half last year. This brings the trailing 12 months’ total gold production at the end of June 2019 to 230,906 ounces, up 6% over 2018’s annual production and above the top end of Gran Colombia’s initial guidance range for 2019 of between 210,000 and 225,000 ounces.
OTCQX: TPRFF) announced today that, as a result of a review by staff of the Ontario Securities Commission, it is issuing the following news release regarding its disclosure on the Segovia Project. Specifically, the Company announced that it has filed an amended version of its prefeasibility study (“PFS”) technical report on its Segovia Project (the “Amended Technical Report”) prepared by SRK Consulting (U.S.), Inc. (“SRK”) pursuant to National Instrument 43‐101 - Standards of Disclosure for Mineral Projects (“NI 43‐101"). The Amended Technical Report does not change any of the Company’s previous disclosures regarding the Mineral Reserve and Mineral Resource estimates for the Segovia Project as outlined in the initial technical report (effective date of December 31, 2018) filed on SEDAR on April 25, 2019 (the “Technical Report”).
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
OTCQX: TPRFF) announced today that it produced a total of 18,528 ounces of gold in May bringing the total for the first five months of 2019 to 99,601 ounces, up 14% over the first five months of 2018. Gran Colombia’s trailing 12 months’ total gold production at the end of May 2019 of 230,136 ounces is up almost 6% over 2018’s annual production and remains above the top end of the Company’s guidance range for 2019 of between 210,000 and 225,000 ounces. Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the Company’s latest production results, said, “We have gotten off to a stronger start in 2019 than in other years, setting us up to potentially exceed production guidance for the year.
TORONTO, June 13, 2019 -- Gran Colombia Gold Corp.’s (TSX: GCM, OTCQX: TPRFF) Annual and Special Meeting of Shareholders was held today. The detailed results of the votes for.
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today that has increased its equity position in Sandspring Resources Ltd. (“Sandspring”) (TSX-V: SSP, OTCQX: SSPXF) to 19.96% through a non-brokered private placement (the “Private Placement”) completed today by Sandspring. Sandspring intends to use the proceeds of the Private Placement to continue work on the re-scoping of the Toroparu Project, additional exploration at its Chicharron Project and for general working capital. On June 4, 2019, Sandspring announced positive results of a preliminary economic assessment for its Toroparu Project and the next stage of development will encompass completion of a feasibility study for the project.
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today that it has received approval from the Toronto Stock Exchange (the “TSX”) to commence normal course issuer bids (“NCIBs”) for its common shares and its share purchase warrants expiring April 30, 2024 (“Warrants”) trading under the symbol GCM.WT.B. The NCIBs allow the Company to purchase up to 4,589,129 common shares and up to 1,109,628 Warrants of the Company, representing 10% of the current issued and outstanding common shares and Warrants in the public float for each security as of June 4, 2019. As at June 4, 2019, the Company had 48,300,405 common shares and 12,150,908 Warrants issued and outstanding.
Serafino Iacono, Executive Chairman of Gran Colombia, commenting on the Company’s latest results, said, “Our previously reported record quarterly production has translated into some solid first quarter financial results which have started us off well in 2019. New quarterly highs were achieved in revenue and adjusted EBITDA while Segovia’s quarterly cash costs reached a historical low of $570 per ounce sold.
OTCQX: TPRFF) deeply regrets to report that a miner has succumbed to injuries suffered in an accident at its Segovia Operations last Thursday when a cable on an elevator transporting 20 miners from level 8 to level 12 in the Providencia mine failed. The Company’s Emergency Response Team was immediately activated. The appropriate government authorities were also immediately notified and an investigation into the incident has been initiated.
OTCQX: TPRFF) announced today that it has identified additional high-grade intercepts over broad widths in the final eight holes of the infill drilling program started in 2018 (the “2018 drilling campaign”) on the Deeps Zone at its 100%-owned Marmato Project in Caldas, Colombia. The 2018 drilling campaign was undertaken to obtain additional information in conjunction with the ongoing technical studies and evaluations focused on the potential expansion of the underground mining operations at Marmato to incorporate the Deeps Zone below the existing mining operation, including the conversion of Inferred Resources to Indicated Resources. Serafino Iacono, Executive Chairman of Gran Colombia, commented, “Our 2018 drilling campaign has increased our confidence in the geological model, extending the Deeps Zone to over 700 meters along strike, with an average width of approximately 165 meters and remaining open at depth and to the east.
Approximately US$0.0601384 per US$1.00 principal amount of Gold Notes representing an amortization payment of the principal amount issued and outstanding of approximately US$0.0584708 per US$1.00 principal amount of Gold Notes and a gold premium of approximately US$0.0016676 per US$1.00 principal amount of Gold Notes. The aggregate amount of the cash payments on the Payment Date will be US$5,014,035, of which US$4,875,000 will be applied to reduce the aggregate principal amount of the Gold Notes issued and outstanding.
This brings the trailing 12 months’ total gold production at the end of March 2019 to 225,930 ounces, up 4% over 2018’s annual production and at the top end of Gran Colombia’s guidance range for 2019 of between 210,000 and 225,000 ounces. Serafino Iacono, Executive Chairman of Gran Colombia, commenting on the Company’s latest production results, said, “We are very pleased to begin 2019 with another strong quarter of operating performance. At our flagship Segovia Operations, our investment in the expansion of our mines has increased our daily tonnes processed in the first quarter of 2019 from the company-operated areas by 11% compared with the annual average for 2018.
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (the “Company” or “Gran Colombia”) announced today (the “Issuance Date”) that it has closed its previously announced private placement offering on a bought deal basis (the “Private Placement”), led by GMP Securities L.P. and Scotiabank (collectively, the “Underwriters”), of C$20,000,000 aggregate principal amount of convertible unsecured subordinated debentures at a price of C$1,000 per C$1,000 principal amount of debentures (the “Convertible Debentures”). The Convertible Debentures will mature on April 5, 2024, being five years and one day after the issuance date (the “Maturity Date”) and will accrue interest at the rate of 8.00% per annum, payable monthly.
Serafino Iacono, Executive Chairman of Gran Colombia, commenting on the Company’s results for 2018, said, “2018 was the watershed year for us, the one where everything we had being doing to turn things around in the two prior years all came together. 2018’s gold production surpassed 200,000 ounces for the first time, up 25% from 2017 as our high-grade Segovia Operations delivered another solid year with grades over 17 g/t. Adjusted EBITDA increased by 36% over last year, surpassing the $100 million mark for the first time, and being a key catalyst in the 58% increase in our operating cash flow to almost $80 million and the 72% increase in our free cash flow(1) to $44 million.