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

[drbubb]

UPDATE CHARTS??

pg15 / Yr.End 12/31: C$2.82: US$2.055 -was 0.16% of $1281 Gold // TPRFF is $2.42, 0.19% of $1277.6 Gold at 22-Apr.19

GCM (in US$) found support at the old high of 7.8% of GDXJ, has rally to virtually 10%, near High of 10.5%



pg13 / Yr.End 12/31: C$2.82, $2.055 - & $1281 Gold price (0.16%), C$Gold was C$1715 (0.164%)

Update: 4/22/19:  C$3.23 v.$2.82 +14.5% in 2019 / 2-yr : 1-yr. Vs 200d : 377d.ma : 610d : 987d. : Mkt.Depth : SH-gcm :

Vs. GDXJ: $29.55 vs. $30.22 : - 2.22%

Date------- : GCM.t: CAD$: $Price: ShOS MktVal : 8%-Debs: Date: Cash: EntValue / $Gold : OZ's/ Prd. years.: 221wt x12.2M
08/10/18: $2.44 x.761= $1.857 48.2M $89.5M: $98.0M: Est.: $28.0: $159.5M /$1219: 131k/200: 0.660: $0.23=$2.81M
10/02/18: $2.40 x.780= $1.872 48.2M $90.2M: $93.1M: Est.: $28.0: $155.3M /$1204: 129k/212: 0.609: $0.19=$2.31M
12/31/18: $2.82 x.733= $2.067 48.2M $99.6M: $83.4M: 12/31 $29? $154.0M /$1281: 120k/217: 0.554: $0.61=$7.44M
01/03/19: $3.18 x.741= $2.356 48.2M $113.M: $83.4M: 12/31 $29? $167.0M /$1295: 129k/217: 0.594: $0.97=$11.8M
01/04/19: $3.15 x.747= $2.353 48.2M $113.M: $83.4M: 12/31 $29? $167.0M /$1284: 130k/217: 0.599: $0.94=$11.5M
02/19/19: $4.42 x.757= $3.340 48.2M $161.M: $80.0 E : 02/?? $30? $211.0M /$1350: 156K/217: 0.720: $1.82=$22.2M
03/15/19: $3.71 x.750= $2.782 48.2M $134.M: $100.E*: 03/?? $50? $184.0M /$1296: 142k/223: 0.637: $1.41=$17.2M
04/22/19: $3.23 x.749= $2.420 48.2M $117.M: $98.5M : 04/30 $50? $165.5M/$1278: 129k/226: 0.573: $1.41=$9.32M

[drbubb]

= : PRODUCTION /  v 2019
Mo.: Prod'17: Prod'18 : Prod'19:
Q1- :  39,008 :  52,672 : 60,601 >  +15.1%
Q2- :  46,075 :  52,906 : 57,882 >  +14.8%
Q3- :   37.1 K :  57,163 : 56,271 > - 1.56%
Q4- :   52.0K :   55,260 : 56k.Est > +4 %
Yr. =  174.2k : 218.0k : 230k.Est
=== :: 2017 ::  2018 ::  2019 ::
Jan.  00,000: 16,700 : 17,941 :
Feb.  00,000: 17,339 : 21,335 : New monthly record!
Mar.  00,000: 18,633 : 21,325 :
=Q1: 39,008: 52,672 : 60,601 : +15%; Quarterly record!
Apr.  00,000: 16,118 :  20,372 :
May 00,000:  18,675 : 18,528 :: 
Jun. 00,000:  18,400 : 18,882 ::
=Q2: 46.08k: 52.91k : 57,882 :   + 9%
July  00,000: 19,296 : 18,166 ::
Aug. 00,000: 18,747 : 18,710 ::
Sep.  00,000: 19,120 : 19,395 ::
=Q3: 37.10K: 57,163 : 56,271 ::
9m.: 122.2k: 162.75k : 174,754 :  + 7%
Oct.: 17.33K: 18,065 : 20,968 :
10m: 139.5k: 180.8k: 195,722 :
Nov: 17.33K: 18,193 : 21,835 :
11m: 156.8k: 199.0k: 217,600 :
12m: 000.0k: 000.0k: 236.61k:
Dec. 17.33K: 19,002 : (aver.18.4k oz in '18-Q4)
=Q4: 52.00K: 55,260 : 60,000E
===================== ;
2018A: "218,001 OUNCES, UP 25% OVER 2017" ;
2019E: "237,000 OZ. est. ,  UP 9 % OVER 2018" ??
2019 TARGET: 225,000-240,000

2019-10-10 07:30

C:GCM

5.46

News Release

Gran Colombia produces 56,271 oz Au in Q3

GRAN COLOMBIA GOLD'S PRODUCTION INCREASES 7% TO 174,754 OUNCES IN THE FIRST NINE MONTHS OF 2019 WITH STEADY PERFORMANCE IN THE THIRD QUARTER; CASH BALANCE IMPROVES TO US$63 MILLION AT THE END OF SEPTEMBER

Gran Colombia Gold Corp. produced a total of 19,395 ounces of gold in September, bringing the total for the third quarter of 2019 to 56,271 ounces compared with 57,163 ounces in the third quarter of 2018. For the first nine months of 2019, the company produced a total of 174,754 ounces of gold, up 7 per cent over the first nine months last year. This brings Gran Colombia's trailing 12 months total gold production at the end of September, 2019, to 230,014 ounces, up 6 per cent over 2018's annual production.

Lombardo Paredes, chief executive officer of Gran Colombia, commenting on the company's latest production results, said: "Our third quarter production continued to be steady as we incorporated our expanded plant capacity at Maria Dama and opened up new areas within our company mines through our ongoing development programs at Segovia. Based on our results to date, and expectations for the remainder of the year, we remain well positioned to meet our full-year production guidance of between 225,000 and 240,000 ounces for 2019. Our solid operating performance and better spot gold prices in the third quarter of 2019 positively impacted our free cash flow and balance sheet, raising our cash balance at the end of September to $63-million (U.S.), up from $51-million (U.S.) at the end of the second quarter. The aggregate principal amount of our gold notes outstanding decreased to $73.6-million (U.S.) at the end of September and we have $20-million of convertible debentures currently outstanding."

The Segovia operations produced 17,211 ounces of gold in September bringing the total for the third quarter of 2019 to 50,050 ounces compared with 50,698 ounces in the third quarter of 2018. Utilizing its expanded mill capacity at Segovia, Gran Colombia processed an average of 1,314 tonnes per day at its Segovia operations in the third quarter of 2019, up from an average of 1,038 tpd in the third quarter last year. The expansion of the mill capacity to 1,500 tpd was completed in July and the new filter press has been commissioned at the El Chocho tailings storage facility. The company initially used lower-grade stockpile material to feed the expanded plant while it prepared additional areas in its mines to feed the plant going forward. Segovia's head grades averaged 14.3 g/t in the third quarter of 2019 and the company expects that with these new mining areas now in operation, Segovia's head grades will continue to average between 14 and 15 g/t over the balance of the year. For the first nine months of 2019, the Segovia operations produced a total of 156,061 ounces of gold, up 8 per cent over the first nine months last year. Over all, the company processed an average of 1,200 tpd at Segovia at an average head grade of 16.5 g/t in the first nine months of 2019 compared with an average of 994 tpd at an average head grade of 17.1 g/t in the first nine months last year. Segovia's trailing 12-month total gold production at the end of September, 2019, increased to 204,870 ounces, up 6 per cent over 2018's annual production. The company continues to expect that Segovia will produce between 201,000 and 214,000 ounces of gold in 2019.

[drbubb]

Gran Colombia pegs Zona Baja at 2.03M oz Au M+I

2019-10-15  - News Release

Mr. Serafino Iacono reports

GRAN COLOMBIA GOLD ANNOUNCES UPDATED MINERAL RESOURCE ESTIMATE AND PRELIMINARY ECONOMIC ASSESSMENT FOR ITS MARMATO PROJECT

Gran Colombia Gold Corp. has completed an updated mineral resource estimate for its Marmato project prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (CIM) definition standards incorporated by reference in National Instrument 43-101 with an effective date of July 31, 2019. Gran Colombia also announced today that SRK Consulting (U.S.) Inc. has completed preliminary results of a preliminary economic assessment (PEA) for the Marmato project, focused on the Zona Baja mining operations, effective July 31, 2019, and is currently finalizing the technical report to be filed on SEDAR and the company's website by the end of November, 2019.

Serafino Iacono, executive chairman of Gran Colombia, commenting on the preliminary results of the Marmato technical study, said: "We are very pleased to have reached the point at which we can see a path forward to significantly expand production from our Marmato project and, through the recently announced spinout, create value for our shareholders while protecting our capital structure and balance sheet. The PEA charts a course whereby the immediate implementation of an optimized mine plan in the upper existing mine at Marmato, much like we did a few years ago at Segovia, will increase production and free cash flow starting in 2020. Concurrently, we will commence the development and construction activities in the new Deep zone, which should come on stream in 2023, further increasing total gold production which reaches more than 150,000 ounces annually from 2024 through 2027 and then averages more than 100,000 ounces annually over the next nine years of operation. We expect to complete the transaction with Bluenose and the equity private placement in December and we are proceeding with the prefeasibility study to be finalized by mid-2020."

On Oct. 7, 2019, Gran Colombia announced that it had entered into a letter of intent with Bluenose Gold Corp. in respect of the proposed acquisition by Bluenose of certain mining assets at the company's Marmato project located in the department of Caldas, Colombia. The mining assets principally comprise the existing producing underground gold mine, including the right to mine in the lower portion of the Echandia licence area, the existing 1,200-tonne-per-day (tpd) processing plant and the area encompassing the Deep zone mineralization, all located within the mining licence area referred to as Zona Baja. Gran Colombia will retain its existing ownership of the mining licences in the areas known as Zona Alta and Echandia.

[drbubb]

GCM - Buy here? 

Or await the break down to 4.25-4.50, or lower

[jerpy]

Made a mistake not taking more profits here, so sat waiting for that bounce. Won’t make the same mistake twice I hope.

[drbubb]

14 hours ago, jerpy said:

Made a mistake not taking more profits here, so sat waiting for that bounce. Won’t make the same mistake twice I hope.

haha. I make similar mistakes over and over,

But I try and grab opportunities in pieces, when they come - sometimes just small pieces, to gain cash & flexibility

C$4.50 or lower, looks very likely now.

I like the way that GCM management is being careful with the balance sheet, and seems to be turning this company into a cash machine

[drbubb]

GCM-Log... / 12mo : Support is about C$4.50... and about $4.00

Since Aug. 2018

 

Ratio: GCM-toGold

Ratio: WM.t to-GCM.t

https://imgur.com/2Dn3fUz

Was selling into that rally yesterday (@ 56, 57, 58 cents & I may regret it.)

Have shed over half my WM stock in the last few days

[drbubb]

Another giveaway deal to Mr Sprott - but it could help the stock price

(a pity the guys like me who get in before him do not get the same deal)

Gran Colombia to raise $15-million from Eric Sprott

2019-10-30 11:03 ET - News Release

Mr. Serafino Iacono reports

GRAN COLOMBIA GOLD ANNOUNCES $15 MILLION STRATEGIC INVESTMENT BY ERIC SPROTT

Eric Sprott has agreed to purchase 3,260,870 units of Gran Colombia Gold Corp. in a non-brokered private placement at a price of $4.60 per unit, representing a 4-per-cent discount to the five-day volume-weighted average price of $4.79 for the period ended Oct. 29, 2019, for a total investment of $15-million. The proceeds of the private placement will be used for general working capital and corporate purposes. Closing of the private placement is subject to the receipt of regulatory approvals, including the Toronto Stock Exchange, and is expected to close two business days following receipt of such approval. Each unit consists of one common share and one common share purchase warrant exercisable into a full common share at $5.40 per share for a period of four years from the date of issuance.

Serafino Iacono, executive chairman of Gran Colombia, stated: "On behalf of the board and management of Gran Colombia, I am pleased to welcome Mr. Eric Sprott as a major investor in our company. Our success in the turnaround of Gran Colombia has led to an increase in gold production, earnings and free cash flow, and has strengthened the company's financial position. In September, we were recognized in the inaugural TSX30 based on the increase in our share price over the last three years. We see the investment by Mr. Sprott, a well-known gold investor, as solid endorsement of the potential for further appreciation in Gran Colombia's shares. We are about to ramp up our near-mine and regional exploration programs at our high-grade Segovia operations with approximately 70,000 metres of drilling over the next 18 months and we are unlocking value in our Marmato project through a spinout to a separate-listed vehicle, in which we will maintain a control position, to fund a major underground mine expansion. We look forward to the relationship with Mr. Sprott as we continue to execute our strategy."

[drbubb]

WHEN  A BILLIONAIRE COMES IN... with a "cheap" 11%

(selling stock "too cheap" can sometimes be a good move)

GCM has big cash generation now, and does not need Sprott's money

But having him on the shareholder register will enhance GCM's credibility... & he must have promised to buy more

ES will like the below market price & the warrants

GRAN COLOMBIA GOLD ANNOUNCES CLOSING OF C$15 MILLION STRATEGIC INVESTMENT BY ERIC SPROTT

Gran Colombia Gold Corp. has closed its previously announced investment by Eric Sprott in a non-brokered private placement. Through the private placement, 2176423 Ontario Ltd., a corporation that is beneficially owned by Mr. Sprott, acquired 3,260,870 units of Gran Colombia at a price of $4.60 per unit for a total investment of $15-million. The proceeds of the private placement will be used for general working capital and corporate purposes. Each unit consists of one common share and one common share purchase warrant, each exercisable into a full common share at $5.40 per share, expiring Nov. 5, 2023. As of today, Gran Colombia has 53,257,106 common shares issued and outstanding, and, including the effect of warrants, stock options and convertible debentures, the total would be 74,424,475 common shares on a fully diluted basis.

Prior to the private placement, Mr. Sprott did not own or control any shares of Gran Colombia. As a result of the private placement, Mr. Sprott beneficially owns or controls 3,260,870 common shares and 3,260,870 warrants of the company, representing 6.12 per cent on a non-diluted basis and approximately 11.54 per cent of the issued and outstanding common shares of Gran Colombia assuming the exercise of the warrants acquired in the private placement.

[jerpy]

I’ve wasted an opportunity to cash in profits higher, but happier to sit out time knowing Sprott has 11%, so long as no more cheap giveaways.

[hector]

Agreed, best just to ignore it for a while. But an up move is imminent. Probably back into 5.50s.

[drbubb]

Spammer?  Or Rightly Blowing the whistle on an excess valuation?

Maybe some stockhouse posters should have taken this guy more seriously

$ 0.59-0.02 | -3.28% Bid: 0.57 x 2500 / Ask: 0.59 x 1000 Volume: 2,775,356

Almost 1 Million shares - and I am OUT

posted November 08, 2019 04:37 am  by  FreeGold1

(0) : Just over a year ago when prices where much lower, I owned almost 1 million shares.

And I am OUT NOW! Why?

You guys paying attention? Here are some important facts to keep in mind:

+ The stock has come up a long way, issuing more and more shares along the way. The MARKET CAP is now HUGE. Work it out!

+ There's a Gap under present action, and I reckon it is waiting to be filled.

+ Eric Sprott has shifted his attention to a new stock, and may prefer putting his funds and attention into that one, because it looks far cheaper.

It is GCM.t, a produced of over 200k ounces a year. Check it out

I may buy again. But not at current prices.
Read more at https://stockhouse.com/companies/bullboard?symbol=t.wm&postid=30325443#j7lfWpEfbFZk6o9I.99

REACTIONS:

1/ posted November 08, 2019 05:56 am  by  mepatriot

(276) : So sorry you missed out on the chance to be a multi-millionaire, but please don't come here spamming other stocks, and full of bashing.  ES is most certainly not "shifting his attention" and is NOT removing a penny from WM.  In fact, he has bought into Ely, just for the 2% royalty,and doing every possible thing he can to MAXMIZE his exposure here.  Heck, it wouldn't even suprise me if he grabs up a big share in Balmoral if the step outs prove there is gold over the border into Area

> Read more at https://stockhouse.com/companies/bullboard?symbol=t.wm&postid=30325656#YYk3HWoZv6Vr6wmu.99

2/ posted November 08, 2019 06:38 am  by  dutchmann64

(53) : ......Well Said Patriot. It is unreal how these "SPAMBOTS" continue to push their shite. We are witnessing some big swings which I think is pretty normal . Profit takers doing exactly that!!...read more

3/ posted November 08, 2019 04:33 pm  by  thegreattimario
(37) : Another minimum wage poster hired to spread fear. Stock house has become useless as far as any quality conversation or information. Full of people hired to manipulate. You blocked!!!  rate and reply

COMPARE :

WM.t. : C$0.59 x427.1 M= 252M MktCap. / BkVal.: 0.10 / Ent.Val: 328M, Ebitda: - 2.04M
Gcm.t : C$4.74 x50.42M = 239M MktCap. / BkVal.: 5.26 / Ent.Val: 275M, Bbitda: 113.5M

Note: at $0.40 gap, WM.t would have a market value of C$171 Million, 71% of GCM @ $4.74

WM still needs to FINANCE & build a Gold mine, that will add more shares

They must be small & insignificant investors since these guys seem incapable of addressing three very good points

[drbubb]

Globe says Celestica, GCM, others stand out from their peers

2019-11-12

See In the News (C-CLS) Celestica Inc

The Globe and Mail attempts to identify Canadian value-focused stocks in its Tuesday, Nov. 12, edition.

....She also considered industry relative price to book (P/B) ratio, which compares a company's P/B with that of its industry peers, again, lower values preferred. As well, she considered the industry relative price to sales (P/S) ratio, which compares a company's P/S ratio with that of the industry to which the company belongs, lower values preferred. Ms. Halverson-Duncan's picks needed to have a market cap in the top two thirds of peers, which for the column worked out to be $160.7-million or higher. Stock that Ms. Halverson-Duncan believes are outperforming industry peers are Celestica, Largo Resources, Argonaut Gold, Centerra Gold and Gran Colombia Gold.

[jerpy]

On 11/13/2019 at 2:26 PM, drbubb said:

Globe says Celestica, GCM, others stand out from their peers

2019-11-12

See In the News (C-CLS) Celestica Inc

The Globe and Mail attempts to identify Canadian value-focused stocks in its Tuesday, Nov. 12, edition.

....She also considered industry relative price to book (P/B) ratio, which compares a company's P/B with that of its industry peers, again, lower values preferred. As well, she considered the industry relative price to sales (P/S) ratio, which compares a company's P/S ratio with that of the industry to which the company belongs, lower values preferred. Ms. Halverson-Duncan's picks needed to have a market cap in the top two thirds of peers, which for the column worked out to be $160.7-million or higher. Stock that Ms. Halverson-Duncan believes are outperforming industry peers are Celestica, Largo Resources, Argonaut Gold, Centerra Gold and Gran Colombia Gold.

If I’m getting the right companies that’s some group. Largo and Argonaut have had fairly big drops, although Argonaut is slightly more stable at present. Going to watch those 2 more now.

[drbubb]

Gran Colombia earns $9.01-million (U.S.) in Q3

+ our cash position increasing to $63.3-million, and we added another $15-million (Canadian) to our cash position in early Nov.

(Note: gold notes issued and outstanding has been reduced through four quarterly repayments in 2019 was $68.8-million.)

+ more aggressive drilling campaign with about 70,000 metres of drilling over the next approximately 18 months.

2019-11-14  - News Release

Mr. Lombardo Paredes reports

GRAN COLOMBIA GOLD REPORTS THIRD QUARTER AND NINE MONTHS 2019 RESULTS; THIRD QUARTER 2019 FINANCIAL RESULTS REFLECT THE POSITIVE IMPACT OF THE HIGHER GOLD PRICES; HIGH-GRADE SEGOVIA OPERATIONS CONTINUE TO DELIVER SOLID OPERATING PERFORMANCE

Gran Colombia Gold Corp. has released its unaudited interim condensed consolidated financial statements and accompanying management's discussion and analysis for the three and nine months ended Sept. 30, 2019. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted.

Lombardo Paredes, chief executive officer of Gran Colombia, commenting on the company's latest results, said: "As expected, our third quarter 2019 financial results reflected the positive impact of the higher gold prices while our high-grade Segovia operations continued to deliver solid operating performance. With one quarter to go, we are on track to meet our production and cost guidance for the full year. For the first nine months of 2019, our revenue was up 19 per cent, our adjusted EBITDA [earnings before interest, taxes, depreciation and amortization] was up 35 per cent, our operating cash flow was up 22 per cent and our free cash flow was up 31 per cent, all compared with the first nine months last year. Our financial strength showed further improvement in the third quarter with our cash position increasing to $63.3-million, and we added another $15-million (Canadian) to our cash position in early Nov. with the strategic investment by Eric Sprott. Following on the encouraging exploration results achieved at Segovia so far in 2019, we are about to embark on a more aggressive campaign with about 70,000 metres of drilling over the next approximately 18 months. We are also very pleased with the progress we have made at Marmato this year, finalizing a preliminary economic assessment that charts a course to expand underground mining operations in a new listed vehicle, Caldas Gold [Corp.], once we complete the RTO [reverse takeover] transaction with Bluenose [Gold Corp.]. The recently announced drill results from the 2019 campaign at Marmato have increased our confidence in the geological model, and we believe maintaining a control position in Caldas Gold will allow our shareholders to share in the value created in this exciting new gold and silver producer in Colombia."

Third quarter and nine months 2019 highlights:

• The company remains on track to meet its gold production guidance for 2019. With 56,271 ounces produced in the third quarter of 2019, compared with 57,163 ounces in the third quarter of 2018, total production for the first nine months of 2019 was 174,754 ounces, up 7 per cent over the first nine months last year. With another 21,011 ounces produced in October, the company's trailing-12-month gold production at the end of October now stands at 232,960 ounces, up 7 per cent over 2018's annual production.
• Revenue amounted to $83.0-million in the third quarter of 2019, up 25 per cent over the third quarter last year, getting a boost from the 21-per-cent increase in spot gold prices, which, along with savings in refining charges under the new refining contract entered into earlier this year, increased the company's realized gold price to an average of $1,458 per ounce sold compared with $1,186 per ounce sold in the third quarter last year. For the first nine months of 2019, production growth, the higher spot gold and silver prices, and the reduction in refining charges all combined to increase revenue to $238.0-million, up 19 per cent over the first nine months last year.
• Total cash costs (1) per ounce averaged $684 per ounce in the third quarter of 2019 compared with $657 per ounce in the third quarter last year, reflecting the adverse impact on Marmato's production costs per ounce of the lower head grades mined in the third quarter this year, coupled with an increase in production taxes at both Segovia and Marmato, due to the higher spot gold prices in the third quarter this year. With the company's total cash costs averaging $653 per ounce for the first nine months of 2019, down from an average of $674 per ounce in the first nine months last year, the company continues to expect that the 2019 average total cash costs per ounce sold for the full year will remain below the 2018 average of $680 per ounce sold.
• All-in sustaining costs (AISC) (1) and all-in costs (1) of $951 per ounce and $991 per ounce, respectively, in the third quarter of 2019, reflected the increase in total cash costs plus increased levels of capital and exploration spending and arbitration-related costs in G&A (general and administrative costs), compared with $892 per ounce and $908 per ounce, respectively, in the third quarter last year. For the first nine months of 2019, AISC and all-in costs per ounce were $886 and $911 per ounce, respectively, down from $913 and $922, respectively, in the first nine months last year. For 2019, the company continues to expect that its AISC and all-in costs for the full year will remain below $925 per ounce and $950 per ounce, respectively.
• The company reported adjusted EBITDA (1) of $37.6-million for the third quarter of 2019, up 52 per cent over the third quarter last year, bringing the total for the first nine months of 2019 to $106.1-million, up 35 per cent over the first nine months last year. The trailing-12-month adjusted EBITDA at the end of Sept., 2019, now stands at $129.8-million, up 27 per cent over 2018, driven by production growth, improved realized gold prices and the reduction in total cash costs per ounce sold.
• Net cash provided by operating activities in the third quarter of 2019 of $30.6-million brought the total for the first nine months of 2019 to $68.7-million, up 22 per cent over the first nine months last year. The company's free cash flow (1) in the third quarter of 2019 of $19.6-million brought the total for the first nine months of 2019 to $38.7-million, up 31 per cent over the first nine months last year.
• The company's balance sheet continued to benefit from the 2019 operating and financial performance and the private placement of convertible debentures completed in April, increasing its cash and cash equivalents to $63.3-million at Sept. 30, 2019, from $35.6-million at the end of 2018. As of Nov. 14, 2019, the aggregate principal amount of gold notes issued and outstanding has been reduced through four quarterly repayments in 2019 to $68.8-million, down from $88.3-million at the end of 2018, and the convertible debentures stood at $20-million (Canadian). In its recent annual review, Fitch Ratings affirmed its rating of B with a stable outlook.
• On Nov. 5, 2019, the company closed a $15-million (Canadian) non-brokered private placement with Eric Sprott, resulting in the issuance of approximately 3.3 million common shares and 3.3 million common share purchase warrants exercisable at $5.40 (Canadian) per share expiring Nov. 5, 2023.
• As of Nov. 14, 2019, the total issued and outstanding common shares of the company is 53.3 million, and after inclusion of stock options, warrants and the convertible debentures, the company's fully diluted common shares would total approximately 74.4 million.
• Net income for the third quarter of 2019 was $9.0-million (18 cents per share), down from $14.0-million (35 cents per share) in the third quarter last year primarily as a result of a non-operating loss on financial instruments in the third quarter this year. For the first nine months of 2019, net income amounted to $17.7-million (36 cents per share) compared with a net loss of $11.4-million (38 cents per share) in the first nine months last year.
• Adjusted net income (1) for the third quarter of 2019 was $16.0-million (33 cents per share), up from $9.9-million (25 cents per share) in the third quarter last year. For the first nine months of 2019, adjusted net income amounted to $43.0-million (88 cents per share) compared with $28.0-million (93 cents per share) in the first nine months last year. Improved adjusted earnings in the third quarter and first nine months of 2019 compared with the corresponding periods last year continued to reflect the significant contribution of Segovia's operating performance in 2019 on revenues, total cash costs per ounce, adjusted EBITDA and income from operations, and the additional revenue from the increased spot gold prices in the third quarter this year.

[drbubb]

FALL TO 252d Support near C$4.00. Has this cleaned out the Sellers?

Tuesday was a better day. +6% !

===
#: DayofWk : Last : chg. : +/- pct./ Open: High: Low: Volume/ G-wtB : Pct. / GDXJ: +pct%
21: Thursday 4.63:
22: Friday.    : 4.62: - 0.01: - 0.22%/ 4.57: 4.72: 4.57: 207,971/ $2.72: 58.9%/ 36.66: - 2.99%
25: Monday : 4.29: -0.33: - 7.14%/ 4.57: 4.72: 4.29: 428,707/ $2.61: 60.8%/ 36.29: - 1.01%
26: Tuesday : 4.55: +0.26: +6.06%/ 4.20: 4.65: 4.07: 419,754/ $2.65: 58.2%/ 37.40: +3.06%

GCM.t / Gran Colombia Gold... 3-yr : 2-yr : 1-yr : 6mo. /

10d

[drbubb]

MARMATO & Bluenose / Caldas Gold

xx

xx

[jerpy]

Took a top slice off the recent run up yesterday, just as a little hedge to any fall back on my overall position.

[drbubb]

Gran Colombian Cluster of Co's

GCM-etc: update : fr. 2/1/19 : w/GDXJ / GCM: $4.96, wtB: $3.01, GLDX: $2.17, WA: $0.085

: fr. 2/1/19 :

GCM is still "crazy cheap" !

Symbol: Last : BkVal : %Bk.: Sh.OS : MktCap: Debt: EntVal.: NPBUI: OzPrd: EVal./oz: +Cap.= EValue
REN.v  : 0.325: $0.07 : 445%: 68.5M: 22.25M: 0.22M: 19.2M: (1.82M)
GOLD.t: $1.21: $0.49 : 249%: 140.M: 169.0M : 0.01M: 165.M: (6.46M)
PGM.v : $0.71: $0.15 : 467%: 358.M: 254.5M: 10.6M: 179.M: (16.4M)
HRT.v  : 0.125: (0.03) : Infin. : 678.M: 84.59M: 95.6M: 176.M: (19.1M)
VIT.v.   : $8.41: $5.28 : 159%: 57.2M: 481.0M: 293.M: 636.M: (37.0M): 220kE: $2,891
GCM.t : $4.96: $4.89 : 101%: 53.3M: 264.2M: 92.8M: 294.M: +127.M: 237KE: $1,241
Gldx.v : $2.17:  $0.72: 000%: 25.0M: 75.73M: - N/A- : 69.6M: (6.09M): 152kE: $2,947* $378M: $448M
Roxg.t : $0.92: $0.44: 210%: 372.M: 341.8M: 38.0M: 369.M: +67.1M:  000kE:
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*assume: $378M cap.cost: EV?: $448M/ 152k= $2,947

[drbubb]

Institutions may embrace GCM... imcreasingly

2019-12-13 20:38

C:GCM

5.07

Miscellaneous

Gran Colombia Gold added to S&P/TSX SmallCap Select

S&P Dow Jones Indices Canadian Index Operations has made changes that will take place pursuant to S&P/TSX Composite Index quarterly review and quarterly share update procedures. The companies being added will be added to the S&P/TSX Completion, S&P/TSX Composite Equal Weight and GICS Sector indices. The float shares and estimated relative weights of the index constituents and companies being added have been updated as part of the quarterly share update process. The share updates also affect those companies that are constituents of the S&P Global 1200 Index.

SEMI-ANNUAL S&P/TSX SMALLCAP SELECT INDEX REVIEW, DECEMBER, 2019, ADDITION
Issue name                                                          Symbol
Gran Colombia Gold Corp.                                               GCM

Index effective date:  effective prior to the open of trading on Monday, Dec. 23, 2019

[drbubb]

What a difference a Year makes... a Good stock that just keeps rising

Betting on the continuing rebound - I think $8-10 is not impossible within 2020

(this is my single largest position, and has been for years - tho' I have switched from the stock to WtB)

GCM.t / Gran Colombian Gold - 5 year chart

GCM.t / 3 year chart 1yr : 10d / GCM-wtB: 2yrW : 2yr : 1yr :10d / Both: 1yr

GCM-wtB: 2yrW : 2yr : 1yr :10d

GCM.t Ended : at  / Ended :  at …                                      / GCM.WtB:
… 2016 @ C$1.425/ … 2017 @ C$1.96 - that's + 37.5%  / Not Listed
… 2017 @ C$1.96 /  … 2018 @ C$2.82 - that's + 43.9%* / Not Listed
… 2018 @ C$2.82 / Ending '19 near C$5.33  :  + 89.0%   / C$1.40 > $3.20:  +128.5%
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* (a top 10 performer in 2018)

... And STILL CHEAP !

macdtrader (56)

December 23, 2019 -  58 Reads

If we are finally done all of the financing for now

The price should run up fairly quickly to new highs.   We have one of the lowest PE ratios in the sector.

 

ruffus23 (40)

December 23, 2019:
added to an index as well. Tsx30 Should help as well.

 

[drbubb]

GCM & Warrants MOVING UP... Almost together*

GCM vs-wtB, etc .... update / Last: C$5.33 +0.29, +5.75% / WtB: C$3.20 +0.10, +3.23%

> vs. MNT.t ... update /

====
Date ----: GCM.T: G-wtB : ratio/ MNT.t: ratio : GDXJ : ratio: Gldx.t * WA.t :
YE-2016  : $1.43 : -N/A-  : 2.000/ 16.48: 8.68%: 31.55: 4.53%: 3.12 : 0.400 :
YE-2017  : $1.96 : -N/A-  : 2.000/ 17.39: 11.3%: 31.13: 6.30%: 2.68 : 0.280 :
06/29/18: $2.88 : -N/A-  : 2.000/ 17.44: 16.5%: 32.70: 8.81%: 2.04 : 0.125 :
YE-2018  : $2.82 : $1.40 : 2.014/ 18.41: 15.3%: 30.22: 9.33%: 1.96 : 0.075 :
03/29/19: $3.67 : $1.80 : 2.039/ 18.41: 19.9%: 31.73: 11.6%: 1.84 : 0.070 :
06/28/19: $4.17 : $2.28 : 1.829/ 19.59: 21.3%: 34.96: 11.9%: 1.60 : 0.075 :
09/30/19: $5.00 : $3.11 : 1.608/ 21.03: 23.8%: 36.26: 13.8%: 2.72 : 0.100 :
12/23/19 : $5.33: $3.20 : 1.665/ 20.77: 25.7%: 39.56: 13.5%: 2.00 : 0.095 :
====== :
GLDX.t - had reverse split: 1-for-8, On Nov.29, 2019

Here's the RATIO of GCM.t to-MNT.t - it keeps rising, as GCM is stronger than Gold (MNT is C$ Gold etf)

As it moves higher, these GCM levels may come into play

RATIO: MNT.t: 25.6%: - 26%: - 27%: - 28%: - 29%: - 30%:
Now : $20.77 : $ 5.32 : $5.40: $5.61 : $5.82: $6.02: $6.23:
+++ :  $21.00 : $ 5.38 : $5.46: $5.67 : $5.88: $6.09: $6.30
+++ :  $22.00 : $ 5.63 : $5.72: $5.94 : $6.16: $6.38: $6.60
Note: $20.77 > $22.00, is +5.9%, and like Gold at $1,577. 2018-H: $1566
I think a move to GCM.t of $6.60 is certainly possible in 2020.

*Almost together? :  wtB is leveraged (X:$2.21), so moving up faster than GCM.t

xx

[jerpy]

On 12/24/2019 at 10:40 AM, drbubb said:

What a difference a Year makes... a Good stock that just keeps rising

Betting on the continuing rebound - I think $8-10 is not impossible within 2020

(this is my single largest position, and has been for years - tho' I have switched from the stock to WtB)

GCM.t / Gran Colombian Gold - 5 year chart

December 23, 2019 -  58 Reads

If we are finally done all of the financing for now

The price should run up fairly quickly to new highs.   We have one of the lowest PE ratios in the sector.

 

The 5 year chart and the hope this is the last financing is why I didn't cut and run when it was announced. Despite having top sliced as I wasn't sure if it would sell off prior to end of new year (yeah, not clever but it was only 20% of my position and doesn't hurt to take profit), I'm content as I often have been to keep rding GCM too and have a decent stake, a long way short of my AAZ one mind

[drbubb]

THREE quantum levels for these stocks,

GCM is in the Lowest highest one, and "trying" to get thru the DOUBLE-the-low resistance at C$5.60.

Favored Gold miners: ... update /

GCM: $5.49, 96.1% over $2.80 Yr’s Low (recent H: $5.76)
GDXJ: $42.39, 52.5% over $27.80, VIT: $9.07, 63.4% over $5.55,  ROXG: $1.03, 43.1% over $0.72

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[drbubb]

SOLD - over 20% of my GCM warrants - over the last 2-3 days, as it came near old highs

Update on the Fav.3-Gold stocks: Did some selling, though they may not be done with their Rally

Favored 3 Gold miners: ... update : +MUX /

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