|Bid||4.4900 x 0|
|Ask||4.5000 x 0|
|Day's Range||4.4400 - 4.6300|
|52 Week Range||2.0300 - 4.6700|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 13, 2018 - Aug 17, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.00|
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.
Due to tensions between the U.S., China and Mexico, the S&P 500 Index has fallen 4.4% over the last month, renewing investors' interest in safe-haven assets such as precious metals. As a result, gold prices are uptrending again. The bullion closed at $1,324.25 per troy ounce on the London market on Tuesday, which reflects 0.5% upside from Monday and a 3.1% rise from the average price of $1,283.95 per ounce for May.
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.
OTCQX: TPRFF) announced today that it produced a new monthly record total of 21,335 ounces of gold in February, bringing the total for the first two months of 2019 to 39,276 ounces and the trailing 12 months’ total gold production at the end of February 2019 to 223,237 ounces, up 2% over 2018’s annual production and near the top end of Gran Colombia’s guidance range for 2019 of between 210,000 and 225,000 ounces. Serafino Iacono, Executive Co-Chairman of Gran Colombia, commenting on the Company’s latest production results, said, “Our investment in our Segovia Operations continues to pay dividends. The Segovia Operations set a new monthly record with 19,160 ounces of gold in February 2019, 12% higher than its previous best month of 17,164 ounces in July 2018.
TORONTO, March 11, 2019 -- Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today that it has completed updated Mineral Resource and Mineral Reserve estimates for.
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (the “Company” or “Gran Colombia”) announced today it has entered into an agreement with a syndicate of underwriters co-led by GMP Securities L.P. and Scotiabank (collectively the “Underwriters”) pursuant to which the Underwriters have agreed to purchase on a bought deal, private placement basis (the “Private Placement”) 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”). Gran Colombia also announced the termination of its C$25,000,000 best efforts offering of units, previously announced on March 1, 2019.
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (the “Company” or “Gran Colombia”) announced today the filing of a preliminary short form prospectus in all of the provinces of Canada, except Quebec, in connection with a fully marketed, “best efforts” offering of approximately $25,000,000 of units (the “Units”) of Gran Colombia (the “Offering”) at a price per Unit to be determined in the context of the market. GMP Securities L.P. and Scotiabank (the “Agents”) will act as the lead agents in respect of the Offering. Each Unit will consist of one common share in the capital of the Company (each, a “Common Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”).
TORONTO, Feb. 25, 2019 -- Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today the final assay results from 83 additional diamond drill holes (8,043 meters).
OTCQX: TPRFF) announced today that it sees opportunity in the evolving changes in Venezuela to recover and develop its gold exploration assets that were nationalized in 2011, adding to its pipeline of Latin America-based projects which could fuel the Company’s mid- to long-term growth objectives. Gran Colombia recognizes Mr. Juan Guaidó as the legitimate interim President of Venezuela and has communicated to its government the Company's firm intention to re-start its mining project in Venezuela as soon as circumstances allow. For the purposes of holding, developing and financing its Venezuelan assets and carrying out its Venezuelan investment strategy, Gran Colombia intends to spin off such assets into a separate listed special purpose vehicle.
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today that has completed the purchase of an additional 2,500,000 common shares in Sandspring Resources Ltd. (”Sandspring”) (TSX-V: SSP, OTCQX: SSPXF) at a price of CA$0.28 per share in a private transaction (the “Transaction”) for total cash consideration of approximately US$528,000. The additional shares were acquired for investment purposes and Gran Colombia has no present intention to dispose of or acquire further securities of Sandspring, although the Company may in the future acquire or dispose of securities of Sandspring, through the market, privately or otherwise, as circumstances or market conditions warrant. Through completion of the Transaction, Gran Colombia has increased its holdings in Sandspring to an aggregate of 37,500,000 common shares and 16,000,000 share purchase warrants. Each share purchase warrant entitles the Company to purchase one additional share of Sandspring at CA$0.40 for a period of sixty (60) months.
OTCQX: TPRFF) announced today that it produced a total of 55,260 ounces of gold in the fourth quarter of 2018, up 7% over the fourth quarter of 2017. This brings the total annual gold production for 2018 to 218,001 ounces, up 25% over 2017 and surpassing the Company’s initial guidance for 2018. Serafino Iacono, Executive Co-Chairman of Gran Colombia, commenting on the Company’s latest production results, said, “We are very pleased to report another strong year of operating performance for 2018.
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2019) - Gran Colombia Gold Corp (TSX:GCM) would like to cordially invite you to visit us at Booth #710 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 20 - Monday January ...
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