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ARIS (ex.GCM) 200k > 350k+ oz/yr Gold miner


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CHARTS, VALUATIONS & CASH

RALLY to $C6.00 and even higher may be underway.  Last: $4.76 +0.09

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ARIS.t ... 5yr: 20.Jan.23 with ARIS.t at $4.52 +0.21 on Friday, Jan.20th (prev.12.22.$3.80)

ARIS.to : Update: etc: 10d: Last: C$4.87 +0.11. (USD $3.64 +0.07) > SEE ORDERS: C$5.18, $5.96 (below)

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v.March 2022 / Prior Update- Nov. 2021 with GCM at $5;

GCM.t : C$6.05: fr. Aug.2017: YTD: 1yr: 2yr: 4yr: - 3.11.22, 18 cent Div provides 2.98% Yield

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"BIG 4" from: Jan.2020 Jan.2018 : 1yr: 10d:

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=== REMINDER : Good News coming in Q4...

"We are on track to complete our expansion of the Maria Dama plant to 2,000 tonnes per day (“tpd”) in the fourth quarter of 2021 and our mine and brownfield exploration programs are proceeding as planned. In addition, commissioning of the new polymetallic plant at Segovia is nearing completion and we expect to have our first concentrate production in the fourth quarter of 2021. At the end of September 2021, we had a cash position of approximately US$329 million, including the net proceeds of approximately US$268 million from the US$300 million offering of Senior Unsecured Notes due 2026... " /

US$ 329M / 98.5M*  = US$ 3.34 per sh. x C$1.246 = C$4.16 / $329M - $268m= $US61M

*mid-Dec:  98,241,274 shs OS / *Mar.1 update:  97,726,573 shs OS + 10.294 M wtB = 108.02 M xC$6 = C$648M /1.28=

Gran Colombia related Companies  @ 11/4/21

Company ————  (symbol) : $ Price: shs OS: Mkt.Cap.: Gcm%: $-Value  (%GCM): Prior GCM%

Aris Gold Corp.       (ARIS.t ) : C$1.44: 137.8M: $198.4M: 44.3% : $ 87.9 M: (17.6%): (was 44.3%)
Denarius Silver.       (DSLV.v) : C$0.56: 207.4M: $116.1M: 27.0% : $ 31.4 M: ( 6.3%): (was 27.3%)
Western Atlas Rs.  (WA.v.   ) : C$.120: 116.1M: $  13.9M: 25.8% : $.  3.6 M: ( 0.7%): (was 25.8%)
== : Three GCM co’s  =====  :  =====:  ======: $328.4M: ==== : $122.9M: (24.6%) =
Gran Colombia Gold (GCM.t): C$5.08: 98.5 M: $500.4M: ==== : ======= : (100.%): C$8.40 : C$514M (x61M)

Almost 25% (ie 24.6%) of GCM's MktCap is covered by investments in its investments these three companies

===

FLOAT vs.VALUATION $6.00,  previous, at $5.00
Category == :  Qty.   :   Price :    CAD $ :    USD $   : Exer. : $ recd
Common shs: 98.5M : $5.00= $492.5M US$388M:    N/A :    $ 0  :
’24, Wt.$2.21: 10.4M :    “   “  = $ 52.0M US$ 41.M: $2.21: $23.0M
’23, Wt. $5.40:  3.3M :    “   “  = $ 16.5M US$ 13.M: $5.40: $17.8M
’23, Wt. $6.50:   7.1M :   “   “  = $ 35.5M US$ 28.M: $6.50: $46.1M
’22-24 Wts.   :    6.5M :   “   “  = $  32.5M US$    7.M: $4.00e $26.0M
’22-26, Opts.:     2.5M :   “   “  = $  12.5M US$  10.M: $4.00e $10.0M
Cv. Debent’s :    3.8M :    “   “  = $  19.0M US$  15.M: $4.75: $18.0M
Fully Dilluted 132.1M : $5.00= $660.5M US$520M: Cash: $141.M
Less Cash on exercise.   Less : (140.9M) <-------------------------- v v
                      : Net MktCap :       $519.6M  = $409M =
Segovia.       :     1.45 M oz :  Prod.:  200k + oz. Ongoing
Toroparu.     :      7.35 M oz :  Prod.: 200k ? oz.  From 2024?
Ttl.Resource. /   8.80 M oz :  = $ 63.00 :  US$49.30/ oz
===================== :  =========
             Less Portfolio Value : C$ 337.M: 
                             Net MktCap : C$ 183M:   $144M
Ttl.Resource. /   8.80 M pz. :  = $ 20.75:  US$16.37/ oz

+ Cash Held: US$350M?? - Debt Raised:  US$300M ( 6.875% Debs. maturing xx )

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Update / Production thru Jan.2022 etc

SEGOVIA PRODUCTION, v.Q4, 2021
Mo.: Prod'19: Prod'20: Prod;21:
Q1- :  54,386:  50,346:  49,058: - 2.56%
Q2- :  51,625:  44,377:  52,198: +17.6%: Covid
Q3- :  50,050:  51,556:  49,848: - 3.31%
Q4- :  58,180:  50,084:  55,285: +10.4%
Yr.=  214,241 196,362: 206.4K?:
3Qs 214,241 146,279: 151,104: +3.30%
12m  ====>. 196,362 206,389: +5.10%

= : SEGOVIA MINE PRODUCTION (Two mines, 2.16.22 below)

Two Mines: Combined/ ———:  ——— : Segovia:  ——— / 
Yr.= 239,991: 220,194: 214.2K: 196.4k: 206,4.k/ 212k Est
Mo.: Prod'19: Prod’20/ Prd'19: Prd’20:  Prd'21 : Prd'22 / % chg.
Jan.  17,941 : 18,501  / 16,220: 16,865:  15,061: 16,474 / +9.38%
Feb.  21,335 : 18.674  / 19,196: 16,548:  15,354: 17,184 / +11.9%
Mar.  21,325 : 19,072  / 18,970: 16,993:  18,643: 16,293 / - 12.7%
=Q1: 60,601 : 56,247 /  54,386: 50,346: 49,058: 49,951/ +1.82%
Apr.  20,372 : 12,602  /  18,371: 11,400: 17,473 / 18,321: +5.20%
May 18,528 : 18,129   /  16,363: 16,915: 17,936 / 18,507: +2.15%
Jun. 18,882 : 17,497   /  16,89?: 16,062: 16,789 / 16,370: - 2.50%
=Q2: 57,882 : 48,228 /  51,625: 44,377: 52,198/ 53.198: +1.92%
July  18,166  : 18,111 /  16,100: 16,459: 15,258 / 
Aug. 18,710 :  20,644 /  16,739: 17,901: 17,377 / 
Sep. 19,395 : 19,699  /  17.211: 17,196: 17,213 / 
=Q3: 56,271 : 58,454  / 50,050: 51,556: 49,848 / 54.0k Est
Oct.  20,968 : 19,392  /  18,600: 16,905: 19,456 / 
Nov.: 21,835 : 17,915  /  19,447: 15,741: 17,799 / 
Dec.: 22,434 : 19,958  /  20,133: 17,438: 18,030 /
=Q4: 65,237 : 57,265 /  58,180: 50,084: 55,285 / 54.0k Est.
Mo.: Prod'19: Prod’20 / Prd'19 : Prd’20 : Prd'21 /
=====
Yr : 239,991: 220,194/ 214,241 196,362 206,389/ 212.K Est.
Guide : 240k :  220K  /   210K  :   196k : 200-220k, 210-225k

Thru Jun'22.: With its trailing 12 months total gold production amounting to 208,282 ounces,

GCM.t ... update: Last: $5.16 +0.08, +1.57%,  vs.GDXJ: $40.83 -1.67, -3.93%.   +5.5% outperformance

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Gran Colombia Gold Says Gold and Silver Production From its Segovia Project on Track to Meet Guidance

05:07 PM EDT, 09/15/2021 (MT Newswires) -- Gran Colombia Gold (TPRXF) on Wednesday said production from its Segovia operations in Colombia totaled 17,377 ounces of gold and 17,915 ounces of silver.

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Leftist Is Frontrunner After Colombia Presidential Primaries
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Update / Production thru Jan.2022 etc

= : SEGOVIA MINE PRODUCTION (Two mines, 2.16.22 below)

Two Mines: Combined/ ———:  ——— : Segovia:  ——— / 
Yr.= 239,991: 220,194: 214.2K: 196.4k: 206,4.k/ 200k Est?
Mo.: Prod'19: Prod’20/ Prd'19: Prd’20:  Prd'21 : Prd'22 / % chg.
Jan.  17,941 : 18,501  / 16,220: 16,865:  15,061: 16,474 / +9.38%
Feb.  21,335 : 18.674  / 19,196: 16,548:  15,354: 17,184 / +11.9%
Mar.  21,325 : 19,072  / 18,970: 16,993:  18,643:   17.0k Est
=Q1: 60,601 : 56,247 /  54,386: 50,346: 49,058 / 50.7k Est. +3.3%

08:06 AM EDT, 03/15/2022 (MT Newswires) -

- GCM Mining Corp. (TPRFF) said Tuesday that its Segovia mine in Colombia produced 17,184 ounces of gold in February, rising from 15,360 ounces of gold produced in the same month last year.

The company, which lost 4.1% yesterday, said this brought year-to-date gold production 33,658 ounces, up from 30,415 ounces in 2021.

Meanwhile, GCM's board declared a monthly dividend of $0.015 per share, payable April 15to shareholders of record as of March 31.

GCM will release its fourth-quarter 2021 results on March 31.

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  • 2 weeks later...

GCM Mining Provides Annual Update To Segovia's Mineral Resource And Reserve Estimates

2022-03-24 11:28 ET - News Release

TORONTO, March 24, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. ("GCM Mining" or the "Company") (TSX: GCM, OTCQX: TPRFF) announced today that it has completed updated Mineral Resource and Mineral Reserve estimates for its Segovia Operations prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum ("CIM") Definition Standards incorporated by reference in National Instrument 43-101 ("NI 43-101") with an effective date of December 31, 2021.

Highlights of the updated Mineral Resource Estimate as of December 31, 2021 (the "2021 MRE") include:

  • Total Measured & Indicated Resources increased to 4.6 million tonnes at a grade of 11.0 g/t totalling 1.62 million ounces of gold, up 14% from last year.
  • Total Inferred Resources increased to 5.3 million tonnes at a grade of 9.9 g/t totalling 1.70 million ounces of gold, up 41% compared to last year.
  • The Company more than replaced the Mineral Resources it mined in 2021 representing the sixth consecutive year that it has, at a minimum, replaced the Mineral Resources mined at its Segovia Operations. El Silencio and Sandra K were the primary areas of growth within the 2021 MRE.
  • The 2021 MRE continues to reaffirm confidence in the high-grade nature of the Segovia gold deposits which have been in continuous operation for more than 100 years.
  • The brownfield exploration program, which focused on exploration for new resources at the brownfield exploration targets on the 24 veins within the Segovia mining title that are not currently in production, yielded its first addition in the 2021 MRE with inferred resources reported at the Vera Project.
  • ( MORE )

A summary of the key LOM operating and financial parameters of the current Segovia PFS dated as of December 31, 2021 compared with the previous Segovia PFS prepared as of December 31, 2020 is as follows:

  December 31,
2021
December 31,
2020(1)
     
Operating data:    
Ore milled (tonnes) 2,290,000 2,196,000
LOM head grade (g/t) 10.1 9.0
LOM mill recovery (%) 90.5% 90.5%
Gold produced (ozs) 674,000 573,000
     
Financial data (U.S. dollars):    
Expected long-term gold price $1,650/oz $1,600/oz
LOM gold revenue $1,112 million $916 million
Total cash cost, including refining $807/oz $796/oz
LOM sustaining capex, including exploration $151 million $134 million
Mine-level AISC $1,032/oz $1,030/oz
Undiscounted after-tax free cash flow $264 million $226 million
NPV after-tax free cash flow @ 5% $242 million $209 million

(1) Sourced from the NI 43-101 Technical Report, Prefeasibility Study Update, Segovia Project, Colombia dated May 13, 2021 and effective as of December 31, 2020, prepared by SRK.

> https://www.stockwatch.com/News/Item/Z-C!GCM-3225749/C/GCM

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March 31, 2022.:  GCM Mining will be releasing its 2021 fourth quarter and annual financial results and its 2022 guidance,

together with the updated mineral reserve and resource estimates for its Segovia Operations, on or about March 31, 2022. Webcast details will be announced in early March.

Shares O/S :    97,716,573 - March data? > C$600M approx

Wt.B $2.21 :    10,550,000   / April 30, 2024 /

Option, Cv. :    23,230,000

Fully diluted 131,500,000 x C$6= C$ 789 M / 1.254 (US$4.78) = $ 629 M

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  • 2 months later...

GCM Mining Provides Annual Update To Segovia's Mineral Resource And Reserve Estimates

2022-03-24 11:28 ET - News Release

TORONTO, March 24, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. ("GCM Mining" or the "Company") (TSX: GCM, OTCQX: TPRFF) announced today that it has completed updated Mineral Resource and Mineral Reserve estimates for its Segovia Operations prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum ("CIM") Definition Standards incorporated by reference in National Instrument 43-101 ("NI 43-101") with an effective date of December 31, 2021.

Highlights of the updated Mineral Resource Estimate as of December 31, 2021 (the "2021 MRE") include:

  • Total Measured & Indicated Resources increased to 4.6 million tonnes at a grade of 11.0 g/t totalling 1.62 million ounces of gold, up 14% from last year.
  • Total Inferred Resources increased to 5.3 million tonnes at a grade of 9.9 g/t totalling 1.70 million ounces of gold, up 41% compared to last year.
  • The Company more than replaced the Mineral Resources it mined in 2021 representing the sixth consecutive year that it has, at a minimum, replaced the Mineral Resources mined at its Segovia Operations. El Silencio and Sandra K were the primary areas of growth within the 2021 MRE.
  • The 2021 MRE continues to reaffirm confidence in the high-grade nature of the Segovia gold deposits which have been in continuous operation for more than 100 years.
  • The brownfield exploration program, which focused on exploration for new resources at the brownfield exploration targets on the 24 veins within the Segovia mining title that are not currently in production, yielded its first addition in the 2021 MRE with inferred resources reported at the Vera Project.

 

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GCM Mining increases gold production in May, declares monthly dividend

explore772.jpg(Kitco News) - On Thursday, Latin America-focused gold miner GCM Mining (TSX: GCM) announced that its Segovia Operations in Colombia produced 18,507 ounces of gold in May 2022, up from 17,936 ounces mined in May last year.

The company said that the total gold production for the first five months of 2022 is 86,779 ounces, up from 84,467 ounces in the first five months last year, adding that its trailing 12-months’ total gold production at the end of May 2022 was 208,701 ounces, up about 1% over 2021.

The company’s payable production from the concentrates in May 2022 is estimated to total approximately 114,000 pounds of zinc, 124,000 pounds of lead, 9,500 ounces of silver and less than 50 ounces of gold.

Importantly, GCM Mining noted that expansion of the company’s processing plant at Segovia to 2,000 tonnes per day is nearing completion and is expected to be finished in July.

The company also said it is on track to meet its annual production guidance for 2022 of between 210,000 and 225,000 ounces of gold.

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Colombia elects former guerrilla Petro as first leftist president

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BOGOTA/BUCARAMANGA, June 19 (Reuters) - Leftist Gustavo Petro, a former member of the M-19 guerrilla movement, who has vowed profound social and economic change, won Colombia's presidency on Sunday, the first progressive to do so in the country's history.

Petro beat construction magnate Rodolfo Hernandez with an unexpectedly wide margin of more than 700,000 votes in what analysts said was a demonstration of Colombians' eagerness for efforts to combat deep inequality.

Petro, a former mayor of capital Bogota and current senator, has pledged to fight inequality with free university education, pension reforms and high taxes on unproductive land. He won 50.5% to Hernandez's 47.3%.

Petro's proposals - especially a ban on new oil projects - have startled some investors, though he has promised to respect current contracts. read more

His victory was likely to cause market jitters until his cabinet is announced, analysts told Reuters on Sunday.

> More: https://www.reuters.com/world/americas/colombians-head-polls-tightest-election-recent-memory-2022-06-19/

  • Analysis: Colombia's first leftist leader Gustavo Petro targets inequality; investors on edge, article with image
    Colombia's Gustavo Petro before casting his vote

    Colombia's Gustavo Petro of the Historic Pact coalition shows his ballot before casting his vote at a polling station during the second round of the presidential election in Bogota, Colombia June 19, 2022. REUTERS/Luisa Gonzalez/File Photo

    Register now for FREE unlimited access to Reuters.com

    BOGOTA, June 20 (Reuters) - The election of Colombia's first leftist president, Gustavo Petro, is indicative of widespread yearning for a more equal and inclusive society, analysts and business leaders said, but the former guerrilla will need to act fast to reassure investors.

    Petro, a 62-year-old former mayor of the capital Bogota and current senator, won some 50.4% of votes on Sunday, handily beating construction magnate Rodolfo Hernandez. read more

    The election of a former guerrilla marks a radical change for a country still scarred by decades of conflict and highlights the depth of frustration with the right-leaning political establishment accused of overseeing a wide gap between rich and poor.

    Petro has pledged to fight inequality with free university education, pension reforms and high taxes on unproductive land in the Andean country, where nearly half the population lives in poverty.

    His proposals - especially a ban on new oil projects for environmental reasons - have startled some investors, though he has promised to respect current contracts. read more This campaign was Petro's third presidential bid and his victory adds the Andean nation to a list of Latin American countries that have elected leftists in recent years.

    Petro will take office at a time when Colombia is struggling with low credit ratings, a large trade deficit and national debt which is predicted to end the year at 56.5% of GDP

     

    SOME CHECKS on this policies

    Petro's victory showed people in Colombia - where nearly half the population lives in some form of poverty - are eager to fight inequality, said Daniela Cuellar of FTI Consulting.

    "What the Colombian population demonstrated today is that they are seeking a government focused on key social issues," she said. "Colombia's longstanding ailments of inequality, which were exacerbated by COVID-19, have contributed to the electorate seeking a shift."

    But a fragmented congress, where a dozen parties have seats, will act as a check on Petro's proposals.

    "Colombia's institutional strength and rule of law appear sufficiently robust for the country to maintain economic stability," Cuellar said. "Moreover, campaigning is not governing, Petro's policies will be more moderate."

    "Even if he tries to pass radical reforms, he does not have the congressional support to implement them," she added.

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Ron DeSantis Laments ‘Disastrous’ Election of ‘Marxist Narcoterrorist’ President in Colombia

Florida-Gov-Ron-DeSantis-Feb-1-2022-ap-6

Florida Governor Ron DeSantis described the election of Marxist Gustavo Petro, a former member of the left-wing M19 terrorist guerrilla, to the presidency of Colombia as “disastrous” in remarks on Monday, proclaiming that “we’ve got a problem” in Latin America with the rise of “totalitarianism.”

DeSantis was responding to national election results on Sunday that gave Petro, also the former mayor of the national capital of Bogotá, a slight lead over surprise challenger Rodolfo Hernández and prompted the latter to concede, making Petro Colombia’s first president-elect. Despite dramatically declaring that the presidential election was hopelessly rigged as recently as last Thursday, insulting Colombia’s top election integrity official as a “liar,” Petro has yet to challenge the election results at press time.

Colombian election officials documented nearly 400 instances of “irregularities,” including vote-buying and voter intimidation, in Sunday’s election.

Petro is the first leftist president in the modern history of Colombia, a testament to Colombia’s longstanding tradition of conservative politics.

DeSantis presides over the state with by far the largest Colombian-American population in the country, followed distantly by New York and New Jersey. Florida is home to an increasingly diverse community of anti-socialist Hispanic-Americans generally who largely support their governor’s conservative policies.

“We watched the election results down in Colombia, and we have a lot of great Colombian-Americans here in our state who are very concerned about what was going on,” DeSantis told reporters on Monday, “and I think the results of that election have been very, very troubling for people that believe in freedom in the Western Hemisphere.”

. . .

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DeSantis went on to warn, “we’ve got a problem in the Western Hemisphere with Marxism and totalitarianism really spreading.”

“We thought 25 years ago, the Cold War and all this stuff, and it [Marxism] just keeps rearing its head. We’ll continue to stand with the people of Florida here who are passionate about freedom in the Western Hemisphere,” he promised, “particularly in Colombia – but very, very disappointing and very, very troubling result in that election.”

Colombia follows Bolivia, Peru, Chile, and Argentina in electing radical leftists president since the Chinese coronavirus pandemic began, a testament to how poorly conservative and center-right governments handled the crisis in the region. In October, Brazilians will go to the polls for a presidential race largely considered a referendum on conservative President Jair Bolsonaro’s handling of the pandemic. Bolsonaro was a regional outlier in opposing Chinese coronavirus lockdowns and business restrictions.

Petro’s election has been a particularly alarming development because, unlike the other leftist leaders elected, he has openly admitted to being a member of a terrorist organization.

> https://www.breitbart.com/latin-america/2022/06/21/ron-desantis-laments-disastrous-election-of-marxist-narcoterrorist-president-in-colombia/

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  • 1 month later...

GCM gets some GOOD NEWS at Last !  Merger with ARIS Gold

GCM Mining to acquire Aris Gold .  GCM: 3.73 +0.33, +9.71%, ARIS.t: 1.84 +0.19, +11.5% -

I own Both, and it is great to see Both shares UP non such a lousy day for Gold shares. 

They are both way down, but Gold shares can recover, especially if Gold Starts shooting up

GCM.t (C$3.73 +9.7% ) and ARIS.t ($1.84 +11.5%) . from 7.25.208/'19: 2yr: 10d/  vs. GDXJ ($24.59 -3.2%)= ratio:12.2%

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GCM.t (C$3.73 +9.7% )/ GDXJ ($24.59 -3.2%)= ratio:12.2%, up 10.7%

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NEWS:

GCM Mining to acquire Aris Gold

GCM Mining Corp. and Aris Gold Corp. have entered into a definitive agreement under which GCM will acquire all the outstanding Aris Gold shares not already held by GCM. The resulting entity will be named Aris Gold and will be led by Ian Telfer as chair and Neil Woodyer as chief executive officer and director.

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GCM Mining to acquire Aris Gold.    .  2022-07-25

GCM MINING AND ARIS GOLD COMBINE TO CREATE A LEADING AMERICAS GOLD PRODUCER

GCM Mining Corp. and Aris Gold Corp. have entered into a definitive agreement under which GCM will acquire all the outstanding Aris Gold shares not already held by GCM. The resulting entity will be named Aris Gold and will be led by Ian Telfer as chair and Neil Woodyer as chief executive officer and director.

Mr. Telfer, Aris Gold chair, stated: "The combined group creates a top-in-class company with multiple tier 1 assets. After Aris Gold became operator of the Soto Norte joint venture, joining forces with GCM became a logical next step. Our increased scale will also broaden our future opportunities to continue building a plus-one-million-ounce producer over the next few years."

Serafino Iacono, executive chair of GCM, stated: "Each team has unique strengths, with GCM being the Colombian leader for responsible sustainable mining practices. Together with Aris Gold's board and management, the combined group brings a track record of building sizable and successful mining companies; this transaction further diversifies the company's portfolio and reaffirms Colombia as an area of focus. While I am stepping down from a day-to-day executive role, I will remain a director and adviser on matters in Colombia, as well as an enthusiastic security holder."

Mr. Woodyer, CEO of Aris Gold, stated: "We are building a gold mining business with scale, cash flow, a strong financial position with $397-million (U.S.) of cash and $260-million (U.S.) of additional committed funding, and a high-quality growth pipeline. Our teams are well known to each other and, together, we will optimize the delivery of the growth projects to unlock shareholder value."

Under the terms of the transaction, all the outstanding Aris Gold shares not held by GCM will be exchanged at a ratio of 0.5 of a common share of GCM for each common share of Aris Gold.

Transaction highlights:

  • Creates the top-of-the-class company among junior producers and the largest gold company in Colombia, with diversification in Guyana and Canada;
  • Experienced board of directors and management team with a record of building value in the gold sector;
  • Brings together teams with unmatched experience in Colombia and extensive project development and mine building expertise;
  • Strong financial position to de-risk growth projects, with combined cash and committed financing of $657-million (U.S.) and free cash flow generation from the Segovia operations ($84-million (U.S.) on a 12-month trailing basis to March 31, 2022);
  • Estimated G&A (general and administrative) cost-savings of $10-million (U.S.) per year through the reduction of duplicative public company expenses and rationalizing other expenses;
  • No premium transaction that simplifies the ownership structure within a single company;
  • Substantial long-term re-rating potential, with share price upside from enhanced market visibility, trading liquidity, access to capital and reduced cost of capital.

Management team

The combined group will be led by Mr. Woodyer as CEO and the corporate office will be based in Vancouver, Canada. Both Lombardo Paredes, CEO of GCM, and Mike Davies, chief financial officer of GCM, will retire from their roles with GCM. Mr. Iacono will step back from an executive role but will continue as a member of the board of directors and an adviser on matters in Colombia.

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GCM Mining Corp
Symbol GCM
Shares Issued 97,629,671. / 74% => combined entity will have 131.9 M shs x C$3.80= C$500M
Close 2022-07-22

C$ 3.40

=== " On a diluted in-the-money basis, approximately 74 per cent and 26 per cent of the combined group, respectively. "

=== " Estimated G&A (general and administrative) cost-savings of $10-million (U.S.) per year" /132M= $0.075 per sh.

=== " The combined group will have proven and probable mineral reserves of 3.8 million ounces of gold, measured and indicated mineral resources of 18.3 million ounces of gold, inclusive of mineral reserves, and inferred mineral resources of 7.7 million ounces of gold "

C$500m / 1.280 = US$391M / 18.3M M&I = $21.35 per Oz/

=== " Strong financial position to de-risk growth projects, with combined cash and committed financing of $657-million (U.S.) and free cash flow generation from the Segovia operations ($84-million (U.S.) on a 12-month trailing basis to March 31, 2022); "

CASH & avail. Debt: $ 657m / 132M = US$4.98 x 1.28 = C$6.37

CASH Flow, 12 mos.: $ 84m / 132M = US$.636 x 1.28 = C$0.81

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  • 3 weeks later...
Mine

Gold miner GCM Mining generates net income of $39 million in Q2 2022

Kitco News |

(Kitco News) - GCM Mining (TSX: GCM) announced Thursday that the company produced a total of 53,198 ounces of gold in Q2 2022 at its Segovia Operations in Colombia, a slight increase compared with 52,198 ounces in Q2 2021.

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  • 3 months later...

ARIS.t on Launchpad?.

Had good day (+14%), on some good news. With decent volume (560K shares)

ARIS -etc ... YTD : 10d:  $3.47 +0.43, + 14.1%

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=== NEWS ===

2022-11-14 11:22 C:ARIS 3.47 News Release Aris Mining pegs Marmato after-tax NPV at $341M (U.S.)
2022-11-14 10:31 C:ARIS 3.04 News Release Aris Mining loses $48.35-million (U.S.) in Q3 2022
2022-11-14 09:48 C:ARIS 3.04 SEDAR Interim Financial Statements SEDAR Interim Financial Statements
2022-11-14 09:48 C:ARIS 3.04 SEDAR MD & A SEDAR MD & A

=== WOW!

ARIS MINING ANNOUNCES UPDATED MARMATO EXPANSION PFS INCLUDING 57% INCREASE IN GOLD MINERAL RESERVES TO 3.2 MOZ

Aris Mining Corp. has provided updated mineral resource and reserve estimates and a preliminary feasibility study (PFS) for the Marmato expansion project, effective June 30, 2022, which includes significant growth and refinement over the PFS completed in March, 2020. All amounts herein are in U.S. dollars.

Neil Woodyer, chief executive officer of Aris Mining, commented: "We are very pleased with the results of the 2022 PFS, which includes an updated Marmato lower mine construction capital estimate of $280-million, that will be partially funded from $122-million of remaining committed stream financing, for a net construction funding amount of $158-million. Compared to the 2020 PFS, we have increased measured and indicated mineral resources by 47 per cent to six million ounces of gold, the mineral reserves by 57 per cent to 3.2 million ounces, and, at the base-case $1,600 gold price, the project NPV [net present value discounted at 5 per cent] is $341-million and the project IRR [internal rate of return] is 30 per cent. Following construction of the new lower mine and based on the current mineral reserve, the Marmato mine is expected to deliver average production of 162,000 ounces per year over a nearly 20-year mine life at AISC of $1,003 per ounce

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EARNINGS REPORT should "Clear the Decks"

Aris Mining loses $48.35-million (U.S.) in Q3 2022

2022-11-14 10:31 ET - News Release

Mr. Neil Woodyer reports

ARIS MINING REPORTS Q3 2022 FINANCIAL AND OPERATING HIGHLIGHTS

Aris Mining Corp. has released financial and operating results for the three and nine months ended Sept. 30, 2022. All amounts are in U.S. dollars unless otherwise indicated.

Q3 2022 highlights:

  • Cash and cash equivalents of $326-million and access to $260-million of future project construction financing, as of Sept. 30, 2022;
  • Gold sales of 53,411 ounces in Q3 2022 at AISC (all-in sustaining cost) per ounce sold of $1,115, with gold sales up 6 per cent over the same quarter last year;
  • Income from mining operations of $39.8-million for Q3 2022 and $122.2-million for year-to-date (YTD) 2022.

Aris Mining chief executive officer Neil Woodyer stated: "We are pleased to report on the integrated group results following the combination of GCM Mining and Aris Gold on Sept. 26. We have reorganized our Colombian operations around GCM Mining's Medellin office, transferred the corporate office from Toronto to Vancouver, established a new system of governance and leadership for our community social programs, started implementing new reporting systems focused on cost controls, and rebranded our operations and offices as Aris Mining.

"During Q3 2022, the expansion of the Segovia operation's Maria Dama processing facility to 2,000 tonnes per day from 1,500 tpd was completed, resulting in gold production of 54,630 ounces during the quarter. The Segovia operations generated $57-million of after-tax cash flow during the first nine months of 2022, with the historic Marmato upper mine contributing another $2-million while the site prepares for the Marmato lower mine expansion project.

> MORE: https://www.stockwatch.com/News/Item/Z-C!ARIS-3328804/C/ARIS

> TOROPARU REVIEW?:     "We are now focused on a re-evaluation of the Toroparu project in Guyana, including a review to validate the previous management team's plan to construct the processing plant in two phases. During this period and until the development plan is fully defined, we are reducing previously planned expenditures."

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  • drbubb changed the title to ARIS (ex.GCM) 200k > 350k+ oz/yr Gold miner

2022 has been a Tough year for ARIS share holders - down over 34%

ARIS+. Ytd: 10d/ C$3.50 -34%, GOLD: $16.32 -14%, GDX: $29.05 -9.3%, RGLD: $112.33 +6.8%

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2022 has been a Tough year for ARIS share holders - down over 34%

ARIS+. Ytd: 10d/ C$3.50 -34%, GOLD: $16.32 -14%, GDX: $29.05 -9.3%, RGLD: $112.33 +6.8%

If I had had an equal amount in each, ex.GDX, I would be down 14% on the year, versus -14% for SPX, at $4080, and down -3.6% for GLD, at $164.81.

ARIS Gold (ex.GCM). Since Jun.2017 : C$3.50, 2022: L:xx - H: xx / 2.69 to 6.13

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  • 3 weeks later...

BIG MOVE into the Close!  ARIS:  C$3.80 +0.46. +13.8%

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Any idea why the share price is spiking into the close? Up 10% from this morning.  rate and reply
 
Some Whale just hammered the bid for the last 10 minutes of trade.  I think they scooped up 1.5 million shares in that time frame.  The shorts playing with the stock for the last week just...read more
 
Correction, it looks like it was a 1.4 million share buy on close order.  Someone wanted the stock and they didn't seem to care what the price they paid.  Interesting.....
 
4 /. profittaker1 (30) December 16, 2022 - 06:28 PM
110 Reads Post# 35177043

RE:RE:RE:RE:RE:Late Spike

So did some digging and GDXJ likely did rebalance today. That's what it looks like, huge bids at the Friday close around the 16th of the month, last month of the quarter.
 
5 /  Stratocheif (174)  December 18, 2022 - 08:36 AM
96 Reads Post# 35178273

RE:RE:RE:RE:RE:Late Spike

Not a significant move imo. The price has averaged around $3.40 for the past 6 months with numerous moves up to $3.80. This company has scared away investors by putting toroparu on hold. Uncertainty equals no buying until there is clarity. Let's see it back at $6 where it was 8 months ago. It's up to management.
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On a Longer term perspective, the 2022 Under-performance disappears

ARIS vs GOLD. RGLD ... update:  Last:

Big 4 / Update fr. 2018: 5yr2yr: 1yr: 10d: C$3.43 / UGL: $54.95= 6.24% / GOLD: $17.50= 19.6%. end'22

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  • 5 weeks later...

ARIS Bullboard

Looking like a technical breakout.

The is (now was) stiff resistance at $3.92 and now Aris has sliced through it like hot knife through margarine.  The 200 dma was the launching point at $3.84.  One can argue the gyrations...read more

RE:Looking like a technical breakout.

Holy Smokes! I got a tip from an old gold bug this morning and it was ARIS Mining. He has been in the gold market for over 50 years and he said ARIS Mining was his top pick and largest holding. I...read more
 

Beautiful chart in daily or intraday . Elliot .

No correction before cad 4.5 . After this last one , we should hit the 200 weekly .  Sometimes it's better without any news . The sector is on fire .  Pure opinion. Gl   rate and reply

RE:RE:Beautiful chart in daily or intraday . Elliot .

Aris today...135M shares @ $4.22 = $570M. GCM with 75M shares would be $7.60 per share today. One can say the extra gold production warrants an increased premium on price but we also lost the dividend...read more

The bosses bought

Have you seen how many shares neil woodyear has? 3.1 ml shares. and marrone peter 1.3ml of actions.this should make you think.   The Future of this society is already written  rate and reply
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Aris Mining produces 235 koz of gold in 2022, focuses on generating 'significant' cash flow in 2023

shutterstock_431459995.jpg(Kitco News) - On Monday, Aris Mining (TSX: ARIS) announced 2022 gold production of 235,379 ounces from its two operations in Colombia, the Segovia Operations and the Marmato Upper Mine.

In 2023, the company expects to deliver consolidated gold production and cost guidance of between 230,000 and 270,000 ounces with all-in sustaining costs per ounce of between $1,050 and $1,150.

RALLY to $C6.00 and even higher may be underway.  Last: $4.76 +0.09

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CEO Neil Woodyer commented, "Our Segovia Operations delivered full year production of 210,163 oz and met 2022 guidance of between 210,000 and 225,000 oz. Our Marmato Upper Mine produced 25,216 oz during 2022, while the site advanced the Marmato Lower Mine expansion project in parallel. Our significant achievements in 2022 also included strengthening and expanding our business with the merger of GCM Mining and Aris Gold and becoming the operator of the Soto Norte joint venture. 

"Looking ahead, we are focused on generating significant cash flow from our current operations with 2023 gold production guidance of between 230,000 and 270,000 ounces at an AISC/oz of between $1,050 and $1,150, expanding our partnerships with artisanal and small-scale miners in alignment with the vision of the Colombian government, and implementing our growth plan from a pipeline of high-quality projects. During 2023, we also plan to invest US$19 million in exploration programs focused on increasing mineral reserves and extending our life-of-mine plans."

In Colombia, Aris Mining operates several high-grade underground mines at its Segovia Operations and the Marmato Mine. Aris Mining also operates the Soto Norte joint venture, where environmental licensing is advancing to develop a new underground gold, silver and copper mine.

In Guyana, Aris Mining is advancing the Toroparu Project, a gold/copper project. Aris Mining said it plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.

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The genesis of following management for exponential gains

If you haven't already listened to the podcast I'm linking to in this post, do yourself a favor and take the time to listen carefully to the genesis of Aris Mining.
 
 
July '2022: > https://mebfaber.com/2022/07/20/e430-frank-giustra-ian-telfer/
 
MORE podcasts, same source:
https://mebfaber.com/2022
...read more
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MORE BULLBOARD Chatter

ARIS seems so undervalued

I just crunched some numbers using the POG around $1900 and ARIS seems extremely undervalued.

2023 Forecasts include:
230,000-270,000 oz production
$1050 - $1150 AISC
$19M non sustaining CAPEX costs
136M shares outstanding
$1900/oz gold price
Using the above numbers on a worst and best case scenario, I get these share price forecasts:

$11.48  Worst Case   ...  to ... $15.47  Best Case

Each $100 change in the average price of gold can swing the needle in those scenarios by $1.50 - $2.00 in the share price value.  Therefore, even if the POG fell back to $1700/oz, ARIS is still undervalued by at least $3/share on a worst case scenario meaning they produce near the bottom of the range and the AISC comes in near the top of the range for 2023.

The train is leaving the station? $10 coming soon?

Noticed this... some price targets from analysts: 
 
Targets = Average: C$8.20
NBF:            C$ 5.50  
Haywood:   C$ 6.75 
Canaccord: C$ 7.50 
Stifel:          C$ 8.50
Cormark:    C$10.00
Red Cloud: C$11.00
 
They are aiming for $250,000 ounces of production this year. The team is proven mine builders and is ramping things up regarding growth prospects. 
 
Gold near all-time highs. Seems like the perfect storm? 

RE:The train is leaving the station? $10 coming soon?

Red Cloud raised their price target from $11.50 to $12 on Monday with an outperform rating.

RE:RE:RE:The train is leaving the station? $10 coming soon?

Valuation: We maintain our BUY rating and increase our target price to C$12.00/sh (was C$11.50/sh). Our target is based on our fully financed, partially diluted valuation of Aris using a DCF model to arrive at our NAV5% estimate of ~C$4.6B (was ~C$4.4B). Upcoming catalysts: 1) Marmato Lower Mine development updates (ongoing), 2) Q4/22 and FY/22 financial results (Q1/23), 3) re-evaluation of Toroparu, and 4) Soto Norte EA (H2/23).

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