|Bid||4.6800 x 0|
|Ask||4.7100 x 0|
|Day's Range||4.4500 - 4.8000|
|52 Week Range||2.1500 - 5.9100|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||7.31|
|Earnings Date||Aug 14, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.88|
OTCQX: TPRFF) announced today that it intends to spin off its Marmato mining assets into a separate listed special purpose vehicle. Through the spin off, Gran Colombia will retain a major stake in the new company while leveraging the capital markets to provide the funding required for ongoing exploration and the development of the underground mining assets at Marmato, including the expansion of operations to incorporate the Deeps mineralization and the construction of a new processing plant and additional tailings storage facilities to support the increased level of production. Serafino Iacono, Executive Chairman of Gran Colombia, stated, “We are nearing completion of the underground mine expansion study at Marmato.
OTCQX: TPRFF) announced today that it produced a total of 18,710 ounces of gold in August bringing the total for the first eight months of 2019 to 155,359 ounces, up 8% over the first eight months of 2018. Gran Colombia’s trailing 12 months’ total gold production at the end of August 2019 of 229,739 ounces is up 5% over 2018’s annual production. The Company continues to expect that its annual gold production for 2019 will range between 225,000 and 240,000 ounces.
Gran Colombia Gold Corp. (“Gran Colombia”) (TSX: GCM, OTCQX: TPRFF) announced today that that it entered into a letter of intent (“LOI”) on August 31, 2019 with Western Atlas Resources Inc. (“Western Atlas”) (WA.V) outlining the terms on which it intends to spin off its Venezuelan assets in exchange for US$20 million in common shares of Western Atlas (the “Increible Transaction”) and also acquire up to a 19.9% equity interest in Western Atlas by way of a CA$1.4 million subscription into Western Atlas’ proposed private placement (the “Private Placement”) as described further below.
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today that its equity position in Sandspring Resources Ltd. (”Sandspring”) (TSX-V: SSP, OTCQX: SSPXF) has changed to 19.45% through a non-brokered private placement (the “Private Placement”) completed today by Sandspring. Sandspring intends to use the proceeds of the Private Placement to commence work on the feasibility study for its Toroparu Gold Project, for additional step out and exploration drilling at its Chicharron Project and for general working capital. Sandspring’s Private Placement comprised a total of 37,500,000 units (each, a “Unit”) at a price C$0.20 per Unit, for gross proceeds of C$7.5 million. Each Unit issued in the Private Placement consists of one common share and one share purchase warrant entitling the holder to purchase one additional share at C$0.35 for a period of sixty (60) months. The placement was fully subscribed and included an investment from the Company in the amount of C$1.0 million.
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.
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.
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.