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Gran Columbia (GCM.t) 200k > 350k+ oz/yr Gold miner

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CHARTS, VALUATIONS & CASH, v.March 2022

Prior Update- Nov. 2021 with GCM at $5;

"Gran Colombian may be prepping for a Big upthrust" - Or NOT! as it turned out, as political risk soared

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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1yr: from .Jan.2021:

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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 /  18K.E
=Q2: 57,882 : 48,228 /  51,625: 44,377: 52,198 / 55.0k Est.
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/ 213.K Est.
Guide : 240k :  220K  /   210K  :   196k : 200-220k, 210-225k

Thru Dec.: With its trailing 12 months total gold production amounting to 206,389 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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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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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.”

. . .

GettyImages-1241409153-1.jpg

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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