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drbubb

Gran Columbia (GCM.t) : 225,000 oz/yr Gold miner

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This stock should blast beyond 6 in this cycle.

=====

Why not!  / following added by DrB. in edit:

pg13 / 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%

SZBlxoH.png

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 :

LEZtkeA.gif

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

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Gold linked Notes, Total Value Estimate: with Wt.B / vs.GCM / TPRFF : GCM.NT.U

UNITS:
Date : Gold: GCM : Ratio: G/1250 x57%+104%= Debs : Wt2.21: CAD : $USD : 124wt: Comb.: USD$: x512.8:
05/31: 1305: $3.03 : 431. : 104.4 : 59.5 +44.7= 104.2 : $1.40*x0.772 = $1.08 : 13.4% : 117.6 : $2.34: 1200 :
06/29: 1255: $2.88 : 436. : 100.4 : 57.2 +44.7= 101.9 : $1.30*x0.761 = $0.99 : 12.3% : 114.2 : $2.19: 1123 :
10/02: 1204: $2.40 : 502. : 100.0 : 57.0 +44.7= 101.7 : $1.14 x0.780 = $0.89 : 11.0% : 112.7 : $1.88: $964 :
12/31: 1281: $2.82 : 454. : 102.5 : 58.4 +44.7= 103.1 : $1.40 x0.733 = $1.02 : 12.6% : 115.7 : $2.06: 1056 : :
01/03: 1295: $3.18 : 407. : 103.6 : 59.1 +44.7= 103.7 : $1.55 x0.741 = $1.15 : 14.2% : 117.9 : $2.35: 1205 : :
01/03: 1295: $3.18 : 407. : 103.6 : 59.1 +44.7= 103.7 : $1.55 x0.741 = $1.15 : 14.2% : 117.9 : $2.35: 1205 :
=====: ==================================== : *est. Wt. value, x124 wts/deb
Last Col.: $1000/ 1.95= 512.8shs xC%2.52= C$1,292 x0.770= $995, Value of 1% Debs if Converted

GCM etc: GDXJ & MNT.t ... w/o Mux st 377d: w/MUX : w/SSP : st: GCM.t only : 12/10/2018: c$2.81 : c$17.58 : $27.76 :

QziyFTs.gif

st:

v6EqoOb.gif

Date-----: GCM.t : MNT.t : 12.9%L// GDXJ  x10.0%H cad= GJcad: x7.7%
12/30/16: $1.40 : $16.48 : $2.13 //: $31.55 : $3.16 x1.350= 42.59: 3.28
12/29/17: $1.96 : $17.39 : $2.24 //: $34.13 : $3.41 x1.257= 42.90: 3.30
05/28/18: $3.29 : $17.71 : $2.28 //: $32.89* $3.29 x1.299= 42.72: 3.29 - High
06/30/18: $2.88 : $17.44 : $2.25 //: $32.70 : $3.27 x1.314= 42.97: 3.31
08/17/18: $2.13 : $16.35 : $2.11 //: $27.49 : $2.75 x1.306= 35.90: 2.76 - Low
12/31/18: $2.82 : $18.41 : $2.37 //: $30.22 : $3.02 x1.364= 41.22: 3.17
  2/19/19: $4.42 : $18.60 : $3.30 // $34.34 : $3.43  x1.321= 45.31: 3.49
  3/15/19: $3.71 : $18.27 : $2.76 // $32.10 : $3.21  x1.332= 42.76: 3.29
  3/22/19: $3.23 : $17.99 : $2.32 // $28.96 : $2.90  x1.337= 38.77: 2.99

=== : PRODUCTION
Mo.: Prod'17:  Prod'18: Prod'19:
Q1- :  39,008 :  52,672 : 60,601 >  +15.1%
Q2- :  46,075 :  52,906 > +14.8%
Q3- :   37.1 K :  57,163  > +54 %
Q4- :   52.0K :   55,260  > +54 %
===
July:  00,000 : 19,296 :
Aug.:  00,000 : 18,747 :
Sep :  00,000 : 19,120 :
= Q3 37.10K :  57,163 :
Oct.:  17.33K : 18,065 :
Nov:  17.33K :  18,193 :
Dec.  17.33K :  19,002 (aver.18.4k oz in Q4)
= Q4 52.00K : 55,260 :
——  Prod'17: Prod'18: Prod’19:
Jan.  00,000 : 00,000: 17,941  :
Feb.  00,000 : 00,000: 21,335 : New monthly record!
Mar.  00,000: 00,000: 21,325 :
= Q1 39,008 : 52,672 : 60,601 : New Quarterly record!
Apr.  00,000: 00,000:  20,372 :
May 00,000: 00,000: 18,528 :
5mo:  000.0k:  87.4k : 99,501 :  +14%
12m:  000.0k: 000.0k: 230.1k :
========================

2018: "218,001 OUNCES, UP 25% OVER 2017"
Guidance for 2019: 210-225k : Mid-217.5K
Cash; US$33M at YE'18, Debt @ $83.38M, end Jan.19. $78.5M, end Apr.19
$1.0552 /$1.00 @ $1294.3 /$1250
Deb. interest 8.25% x 1.0552= 8.705%

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How to Stay Ahead: Be Nimble and Move Quickly - 400,000oz by YE/23. (TSX:GCM) 
CRUX Investor 
Published on 11 Jun 2019 
"We move very quickly." says Exec. Chairman Serafino Iacono of Gran Colombia Gold. 
He discusses:
 

https://www.youtube.com/watch?v=DjYsC0TbWNc 

1) $50M in cash and NO taxes until next year 
2) Finances: Cash, tight hold on shares, the balance sheet 
and repaying debt 
3) 225,000oz to 400,000oz by the end of 2023 
4) Colombian Gold Mining specialists 
Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29818926#GyefZj5uftmcD5LR.99

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Decided to be nimble myself, 4 lots (40% of my holding) around the $4.50’s. Just too good a run up to resist.

Happy to leave the rest.

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PRODUCTION Dropped from April

——  Prod'17: Prod'18: Prod’19:
Jan.  00,000 : 00,000: 17,941  :
Feb.  00,000 : 00,000: 21,335 : New monthly record!
Mar.  00,000: 00,000: 21,325 :
= Q1 39,008 : 52,672 : 60,601 : New Quarterly record!
Apr.  00,000: 00,000:  20,372 :
May  00,000: 00,000: 18,528 :
5mo:  000.0k:  87.4k : 99,501 :  +14%
12m:  000.0k: 000.0k: 230.1k :
========================

At first, I was concerned, until I recalled the accident...

"...helped to offset the impact on productivity in May at the company's mines following the accident at the Providencia mine which resulted in a temporary decline in tonnes processed from the company mines in the month. The resultant shift in the mix of material processed in May with a greater contribution coming from the lower-grade small contract miners resulted in the lower overall average grade reported for the month for the Segovia operations. "

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GCM / Gran Columbia Gold a little off the high, as Gold eases back

GCM.t ... update / Last: C$4.37 -$0.09, -2.02%

ufQYvB3.gif

 GCM.wt.B ... update / Last: C$2.47 -$0.09, -3.52%

HuttUOY.gif

I bought some shares yesterday in Sandspring, where GCM owns XX%

SSP.v... update : vs.GCM / Last: C$0.200, +0.005

Yesterday, the closes were: $xx, $xx, $xx / wtB/GCM= xx, SSP/GCM= xx, SSP/Gcm.WtB= xx

DATE=C$: GCM.t Wt.B : Vol.  : Ratio: ITM-$: TimeV: %IV :  %442/ SSP.v : %Gcm
09/06/18: $2.16: 0.710, 00.0k : 32.9%: 0.000: 0.710 : 0.00%, 48.9/ $0.240, 11.1%
09/28/18: $2.25: 0.970, 00.0k : 43.1%: 0.040: 0.930 : 4.12%,  50.9/ $0.240, 10.7%
10/31/18: $2.32: 0.910, 66.8k : 39.2%: 0.110: 0.820 : 12.1%, 52.2/ $0.215, 9.27%
11/30/18: $2.53: 1.280, 22.1k : 50.6%: 0.320: 0.960 : 25.0%, 57.2/ $0.180, 7.11%
12/31/18: $2.82: 1.400, 00.8k : 49.6%: 0.610: 0.790 : 43.5%, 63.8/ $0.245, 8.69%
01/28/19: $3.36: 1.630, 26.7k : 48.5% : 1.150: 0.480 : 70.6%, 76.1/ $0.290, 8.63%
02/19/19: $4.42: $2.42, 69.4k : 56.8% : 2.210: 0.210 : 91.3%, 100./ $0.295, 6.67%: wt.High Close !
02/28/19: $4.40: $2.41, 15.9k : 54.7% : 2.200: 0.210 : 91.3%, 99.6/ $0.265, 6.02%
03/29/19: $3.67: $1.80, 30.5k : 49.0% : 1.440: 0.360 : 80.0%, 83.0/ $0.230, 6.27%
04/30/19: $3.34: $1.70, 12.3k : 50.9% : 1.130: 0.570 : 66.5%, 75.6/ $0.170, 5.09%
05/13/19: $3.31: $1.67, 08.5k : 50.5% : 1.100: 0.570 : 65.8%, 74.9/ $0.160, 4.83%
05/16/19: $3.69: $1.95, 08.1k : 52.8% : 1.480: 0.470 : 75.9%, 83.5/ $0.160, 4.34%
05/31/19: $3.49: $1.90, 21.3k : 54.4% : 1.280: 0.620 : 67.4%, 79.0/ $0.170, 4.87%
06/17/19: $4.57: $2.57, 32.1k : 56.2% : 2.360: 0.210 : 91.8%, 103./ $0.200, 4.37%: wt.High Close !
06/25/19: $4.37: $2.47, 18.7k : 56.5% : 2.160: 0.310 : 87.4%, 98.9/ $0.200, 4.57%
===================

Default seems to be: Wt.B trades at 50% of GCM. but more as the GCM price exceeds $3.50

SSP is down to under 5% of GCM.  So cheap, I could not resist buying some SSP.v shares

GCM.t -vs. SSP, etc. ... 1/2016 : 1/2017 : 1/2018 : 12mos: 10d : C$0.16 / C$3.31 = 4.83%

uzEeZyh.png

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Insider Selling

I think this is "no reason to freak out" - since the stock is up a long way, retesting highs

But some Stockhouse posters are freaking out:

Lombardo Paredes Arenas Chief Executive Officer sold 185,000

Jose Ignacio Noguera; Vice President, Corporate Affairs sold 110,000.


Thanks for showing confidence in your company.
Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29866870#G6Gr2whe9TfG8vZC.99

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On 6/26/2019 at 11:01 PM, drbubb said:

Insider Selling

I think this is "no reason to freak out" - since the stock is up a long way, retesting highs

But some Stockhouse posters are freaking out:

Lombardo Paredes Arenas Chief Executive Officer sold 185,000

Jose Ignacio Noguera; Vice President, Corporate Affairs sold 110,000.


Thanks for showing confidence in your company.
Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29866870#G6Gr2whe9TfG8vZC.99

For me it’s just going to present another buying opportunity, I’d sold equivalent of half my position again at above $4.50; strong gold has probably kept it up there. I’d loved to see it below $4 again but if not I’d be happy enough to watch it bounce back.

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Gran Colombia Gold Bonds or “Gold Notes”... Yielding 8%+ YTM

Beyond Belief… this may be the most fascinating debt instrument we have ever reviewed.

Rising with the price of gold, the cash flow and yield of Gran Colombia Gold’s senior secured “Gold Notes” appears to be headed straight into the land of unbelief.  Perhaps what we see here is either wrong… or something in this picture seems to have quietly escaped the attention or the view of most other investors in the high yield bond market.  Granted, this is not a straightforward and easily understood issue because of the quarterly interest boost linked to its amortized quarterly redemption of principle when the price of gold is higher 1250 per ounce.  However, it is precisely this “hard to be understood” feature that is driving its current push into the land of dreams.

Since our last review (two month ago), Gran Colombia Gold has posted its first quarter earnings for 2019, In a nutshell, there were notable improvements and increases, both in revenues and earnings, and a further strengthening of its balance sheet.

  • Revenue of 77.5 million in the first quarter 2019, up 20% over Q1 2018.
  • All-in-sustaining-costs of $621/oz for Q1, down from $920 Q1 2018.
  • Adjusted EBTDA of 35.3 million for Q1 2019, up 29% from Q1 2018.
  • Free cash flow $11.3 million for Q1 2019, up from $4.5 million Q1 2018.

While Gran Colombia Gold’s most recent financial statements and balance sheet are certainly impressive in and of themselves when considering the merits of buying or holding its debt, they are not the whole story and do not convey some of its most important, and most compelling, features.

The corporate debt held typically by retail investors is “senior unsecured” paper.  However, these 2024 Gold Notes from Gran Colombia are “senior secured” paper.   Therefore, the 20 million of Gran Colombia’s Convertible Debentures that were issued on April 4 of 2019 plainly take a back seat in rank and priority behind these “Gold Notes.”

Considering the amortized redemption terms of the Gold Notes, there is absolutely no uncertainty in how the company intends to fully repay the debt.  It is plainly explained below:

During the six-year term of the Notes, the Company will deposit an amount of gold each year in a trust account (the “Gold Trust Account”). The annual number of ounces of gold to be deposited by the Company into the Gold Trust account and the amortization the principal amount of the Notes are as follows:

Ounces                             Principal Amortization

Year 1:      15,600               US$19,500,000 (done)

Year 2:      15,600               US$19,500,000

Year 3:      13,200               US$16,500,000

Year 4:      12,000               US$15,000,000

Year 5:      12,000               US$15,000,000

Year 6:      10,000               US$12,500,000

Total:         78,400 ounces, equivalent to US$98 million @  US$1,250 per ounce floor price

The debt repayment of $19,500,000 for year one has already been completed, and the remainder of outstanding Gold Notes now stands at $78,500,000.  Please note the defined number of ounces of gold (the “Gold Trust Account”), with a minimum guaranteed value of $1,250 per ounce, that is being used to redeem the debt.  The current 2019 estimated production of gold for Gran Colombia is between 210k and 225k ounces.  Therefore, the scheduled redemption of Gold Notes this next year appears to only require setting aside about 7 to 7.5% of their projected gold production.   Next year (2020), it would only require about 6 to 6.5% of the company’s gold production, presuming similar production estimates.

The second reason is the bonus payment distribution that is added to the monthly interest payment every time the sale price of gold from the “Gold Trust Account” is over 1250 per ounce, which is used to make bond redemptions at the end of every quarter.  Suffice it to say that the minimum expected cash flow incorporates both a partial redemption of bonds (at par) every third month, and the couponed interest payment of the bonds each and every month.

That said, it must be noted that the price of gold is now well above $1250 per ounce...

 

Price of Gold –>

1250

1300

1350

1400*

1450

 

         

 

6/27/2019

         

 

Bond Cost

         

 

101.00

YTM

8.08%

9.79%

11.50%

13.20%

14.91%

 

YTW

7.62%

8.83%

9.72%

10.54%

11.07%

 

         

 

101.50

YTM

8.00%

9.68%

11.36%

13.04%

14.72%

 

YTW

7.32%

8.52%

9.41%

10.22%

10.76%

 

       

 

 

102.00

YTM

7.92%

9.58%

11.23%

12.89%

14.55%

 

YTW

7.03%

8.22%

9.11%

9.91%

10.46%

 

       

 

 

102.50

YTM

7.85%

9.48%

11.11%

12.75%

14.38%

 

YTW

6.76%

7.93%

8.81%

9.61%

10.16%

 

         

 

103

YTM

7.78%

9.39%

10.99%

12.60%

14.21%

 

YTW

6.49%

7.66%

8.52%

9.32%

9.87%

*The current price of gold appears to be over 1400 per ounce, while a reasonable price target for buying the bonds appears to be about 102.

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GCM & TPRFF is very undervalued and oversold - 
It's a great gold nugget for gold investors - 

https://ca.finance.yahoo.com/quote/GCM.TO/financials?p=GCM.TO 


How to Stay Ahead: Be Nimble and Move Quickly - 400,000oz by YE/23. Gran Colombia Gold (TSX:GCM) 
"We move very quickly." says Exec. Chairman Serafino Iacono of Gran Colombia Gold. 

He discusses: 

https://www.youtube.com/watch?v=DjYsC0TbWNc 

1) $50M in cash and NO taxes until next year 

2) Finances: Cash, tight hold on shares, the balance sheet 
and repaying debt 

3) 225,000oz to 400,000oz by the end of 2023 

4) Colombian Gold Mining specialists 
Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29874624#vCCBxFoHwOyWoxpU.99
 
Looks like many are starting to pick up on how cheap it is

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Analyst Price Target on TSE:GCM C$5.70 > (34.12%Upside) Ba

Analyst Price Target on TSE:GCM C$5.70  > (34.12%Upside)  Based on 2 analysts offering 12 month price targets for TSE:GCM in the last 3 months. The average price target is C$5.70 with a
  Today 30 Days Ago 90 Days Ago  
Consensus Rating: Strong Buy Strong Buy Strong Buy  
Consensus Rating Score: 4.00 4.00 4.00  
Ratings Breakdown: 0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
1 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
1 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
1 Strong Buy Rating(s)
0
0
0
0
Consensus Price Target: C$5.40 C$5.40 C$5.38 N/A
Price Target Upside: 29.19% upside 60.71% upside 55.94% upside N/A
...read more

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GREAT LEAP FORWARD may be coming - the spring is loaded?

GCM ... update / Last: $4.18 + 0.01

p7602Qe.gif

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Been loading up to my core position throughout day, too good to resist near $4 again.

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Gran Colombia Gold (TSE:GCM) Share Price Is Up 121%

And Shareholders Are Boasting About It

( Did a robot write this?  It is not intelligent! )
View photos

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But in contrast you can make much more than 100% if the company does well. For example, the Gran Colombia Gold Corp. (TSE:GCM) share price has soared 121% in the last three years. How nice for those who held the stock! It's also good to see the share price up 22% over the last quarter.

View our latest analysis for Gran Colombia Gold

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Over the last three years, Gran Colombia Gold failed to grow earnings per share, which fell 1.7% (annualized). In this instance, recent extraordinary items impacted the earnings. Companies are not always focussed on EPS growth in the short term, and looking at how the share price has reacted, we don't think EPS is the most important metric for Gran Colombia Gold at the moment. So other metrics may hold the key to understanding what is influencing investors.

It may well be that Gran Colombia Gold revenue growth rate of 22% over three years has convinced shareholders to believe in a brighter future. In that case, the company may be sacrificing current earnings per share to drive growth, and maybe shareholder's faith in better days ahead will be rewarded.

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).

 

This free interactive report on Gran Colombia Gold's balance sheet strength is a great place to start, if you want to investigate the stock further.

A Different Perspective

It's good to see that Gran Colombia Gold has rewarded shareholders with a total shareholder return of 46% in the last twelve months. Notably the five-year annualised TSR loss of 31% per year compares very unfavourably with the recent share price performance. The long term loss makes us cautious, but the short term TSR gain certainly hints at a brighter future. Most investors take the time to check the data on insider transactions. You can click here to see if insiders have been buying or selling.

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PRODUCTION

——  Prod'17: Prod'18: Prod’19:
Jan.  00,000 : 00,000: 17,941  :
Feb.  00,000 : 00,000: 21,335 : New monthly record!
Mar.  00,000: 00,000: 21,325 :
= Q1 39,008 : 52,672 : 60,601 : New Quarterly record!
Apr.  00,000: 00,000:  20,372 :
May 00,000:  00,000: 18,528 ::

Jun. 00,000: 18,400: 18,882 ::

Q2- :  000.0k:  53.1k :   57,882 :  + 9%

6mo:  000.0k: 105.8k: 118,483 :  +12%

12m:  000.0k: 000.0k: 230.9k :

========================
2018: "218,001 OUNCES, UP 25% OVER 2017"

Guidance for 2019: 225-240k : Mid-232.5K, up from 217.5K

 

2019-07-11/ Mr. Lombardo Paredes reports

GRAN COLOMBIA GOLD'S PRODUCTION INCREASES 12% TO 118,483 OUNCES IN THE FIRST HALF OF 2019;

RAISES ITS 2019 ANNUAL GOLD PRODUCTION GUIDANCE

Gran Colombia Gold Corp. produced a total of 18,882 ounces of gold in June, 2019, bringing the total for the second quarter of 2019 to 57,882 ounces, up 9 per cent over the second quarter of 2018. For the first half of 2019, the Company produced a total of 118,483 ounces of gold, up 12% over the first half last year. This brings the trailing 12 months' total gold production at the end of June 2019 to 230,906 ounces, up 6% over 2018's annual production and above the top end of Gran Colombia's initial guidance range for 2019 of between 210,000 and 225,000 ounces.

Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the Company's latest production results, said, "We turned in another strong quarter of operating performance in the second quarter of 2019 led by our flagship Segovia Operations. The final phase of the expansion of the Maria Dama plant to 1,500 tonnes per day ("tpd") was completed earlier this month, giving us the additional capacity required to handle our expected near term growth. In light of our first half results, we now feel confident in raising our annual production guidance for 2019 to between 225,000 and 240,000 ounces of gold."

The Segovia Operations produced 16,891 ounces of gold in June bringing the total for the second quarter of 2019 to 51,625 ounces, up 10% over the second quarter of 2018. Gran Colombia processed an average of 1,173 tpd at its Segovia Operations in the second quarter of 2019, up 16% compared with the second quarter last year. After receiving a boost from a high-grade area at the Providencia mine in the first quarter this year, Segovia's overall head grade returned to an average of 16.8 g/t in the second quarter of 2019 compared with 17.3 g/t in the second quarter last year. For the first half of 2019, the Segovia Operations produced a total of 106,011 ounces of gold, up 13% over the first half last year. Overall, the Company processed an average of 1,143 tpd in the first half of 2019, up 18% over the first half last year, at an average head grade of 17.8 g/t, up from 16.7 g/t in the first half last year.

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"WASTING" Good news again

GCM.t ... update : Last: $4,23 Unch. / lo: xx, hi: xx / GDXJ down 1.73%

AqVjJCc.gif

Needs a Jump in Volume to push thru resistance. With Gold shares down 1.7% wasn't the day to get it.

RE:Very good results in 1H (Production)

price down. It never fails.

RE:Production and guidance increases

If you ever want the price of gold to go down, simply get GCM to publish good news in the AM...  rate and reply

Interview with Gran Colombia Gold and CRUXinvestor.com


Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29896927#4VrocE51mRr9ck0h.99

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EXCERPT - Bond O/S down to $73.6 Milliion soon > source

...the aggregate amount of the cash payments on the Payment Date will be US$5,508,360, of which US$4,875,000 will be applied to reduce the aggregate principal amount of the Gold Notes issued and outstanding and the balance represents the Gold Premium.
Principal amount issued
and outstanding:
As of today’s date, there is a total of US$78,500,000 principal amount of Gold Notes issued and outstanding. After this quarterly repayment, the aggregate principal amount of the Gold Notes will be reduced to US$73,625,000.

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“Been loading up to my core position throughout day, too good to resist near $4 again”

Feeling smug again here....always seems to take a few sessions before good news reaps a reward.

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Yup. But I am feeling More happy than smug.

There's always some stress & delay in getting these "sudden" gains

weasel.jpg

"that's the way the money comes: POP! goes the weasel"

GCM.t: $4.56  +0.28, +6.54%
-wtB   : $2.60  +0.22, +9.24%
SSP.t  : $0.215 +0.03, +16.2%

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31 minutes ago, drbubb said:

Yup. But I am feeling More happy than smug.

There's always some stress & delay in getting these "sudden" gains

weasel.jpg

"that's the way the money comes: POP! goes the weasel"

GCM.t: $4.56  +0.28, +6.54%
-wtB   : $2.60  +0.22, +9.24%
SSP.t  : $0.215 +0.03, +16.2%

Ha ha very true.

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RE: Possible cup & handle pattern on the last 6 months (& longer too, maybe)

"Pattern complete . We coud have some fun now. 
But nothing in the marble "
Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29936526#5lPPYQtsTeocXgOz.99

GCM.t ... update : fr.1/2015 : C$4.56 +0.28, +6.54%, vol. 302k

snxnSBf.gif

: fr.1/2015 :

FA94hGS.gif

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On 7/19/2019 at 5:30 AM, drbubb said:

RE: Possible cup & handle pattern on the last 6 months (& longer too, maybe)

"Pattern complete . We coud have some fun now. 
But nothing in the marble "
Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29936526#5lPPYQtsTeocXgOz.99

GCM.t ... update : fr.1/2015 : C$4.56 +0.28, +6.54%, vol. 302k

snxnSBf.gif

: fr.1/2015 :

FA94hGS.gif

This rocks up above that first line tomorrow, I’m wondering what timescale before it touches the second.

 

Stunning share this has been.

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9 minutes ago, jerpy said:

This rocks up above that first line tomorrow, I’m wondering what timescale before it touches the second.

Stunning share this has been.

Yup.  GCM is making us all money, and it has be Easy to trade in and out.

$4.79 +0.25, +5.27% / but arguably still "the cheapest Gold share"

I will be selling some more shares soon, aiming to buy WtB, if/when it returns to the breakout point.

Eventually, I will only own wts - and GCM debs

=== (suggested on the stockhouse chat):

RE:Higher high . On the road to 6 ..

another cheap one is Cardinal Resources (CDV.TO) ..5 million USD single open-pit depisit..Final Feasibility will be out in Q3 ...  very low marketcap for an NPV of nearly 1 billion USD at POG 1400$....  Goldfields is invested


Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29948046#1fCBoPVW6U25wFQT.99

(another "cheapie"? to be researched):

I think SGI.V is competitive in that regard.
EV is US$43m but should produce ~100k oz on a FTM basis at AISC close to US$1100. 
 

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I'm interested in knowing where you think the top of the move will happen?

And yes let's celebrate and dance for now. For what was anticipated all along.

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RE:$5 in rearview

GMP did raise GCM to $8
GMP increases PT to C$8.00 from C$6.00 while taking long term gold price assumption up to $1400.
Price target is based on 0.7x NAV. Maybe the quants will notice it’s trading at 3.5x EPS (on GMP estimates)and is big enough for the now too.
Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=29972451#XCvrpPvglYvA4y34.99

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