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

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Gran Colombia Gold Announces Resumption of Normal Operations at Segovia

TORONTO, Sept. 05, 2017 (GLOBE NEWSWIRE)

-- Gran Colombia Gold Corp. (the “Company”) (TSX:GCM) announced today that operations at its mines and plant in Segovia have returned to normal over this past weekend with the 42-day civil disruption having come to a conclusion on September 1, 2017.

Commenting on the news, Lombardo Paredes, Chief Executive Officer of the Company said, “We are pleased to see the civil strike in Segovia and Remedios has been lifted and we can get back on track with our 2017 operating and capital plan. We appreciate the support we have received from the various levels of government and from our employees during this period. Through our commitment to economic development in Segovia and Remedios, we will incorporate additional small mining collectives into our contract mining model which will allow continued operation of ancestral mining within our title in accordance with the government’s requirements for health, safety and environmental responsibility. Although our production in August was below normal, we continue to expect that we will meet our annual production guidance for 2017 of 150,000 to 160,000 ounces of gold.”

During the course of the civil disruption, the Company continued its discussions regarding the financial and operating parameters that would enable it to bring additional mining collectives operating within its title into its contract mining model, under which over 2,500 miners in Segovia and Remedios are currently working with the Company. Over the next few months, the Company will negotiate specific operating contracts with each of the mining collectives based on general terms agreed to last Friday between the Ministry of Mines, the Governor of Antioquia, the Mayors of Segovia and Remedios, the Mesa Minera and the Company. The monetary compensation under these new operating contracts will be established for each mining collective individually with the Company retaining between 10% and 60% of the spot price for each ounce of gold produced. The contracts will also require that all ore is to be processed at the Company’s Maria Dama plant.

> http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2017/Gran-Colombia-Gold-Announces-Resumption-of-Normal-Operations-at-Segovia/default.aspx

Explains why the GCM price jumped to C$1.60 yesterday, after lagging for some days

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Gran Colombia Gold Announces Multiple High Grade Drill Results

From Its 2017 Infill Drilling Program at Its Providencia Mine in Segovia

September 18, 2017

TORONTO, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX:GCM) announced today the assay results from the ongoing 2017 diamond infill drilling program at its Providencia underground gold mine at its Segovia Operations.

Infill drilling at Providencia was aimed to further delineate one of the main high-grade orebodies on which sparse previous surface drilling had intersected high gold grades. Multiple high gold grades generated from 19 drill holes (1,119 metres) drilled from underground in the 2017 drilling program were intersected on the main vein system with maximum grades of 649.1 g/t Au over 0.39 metres and 249.3g/t Ag over 0.95 metres.

Serafino Iacono, Executive Co-Chairman of Gran Colombia, commented: "We are pleased to report that the assay results returned from the ongoing Providencia infill drilling program represent some of the highest grades seen at Providencia so far, which further increases our confidence in the potential for adding new resources to the mine and extending its mine life. The underground mine at Providencia is one of the highest-grade mines in Colombia and it continues to contribute to our production growth and free cash flow generation from our Segovia Operations."

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Gran Colombia Gold Files ... 43-101 Preliminary Economic Assessment for Its Segovia Project

September 28, 2017

The updated life-of-mine (“LOM”) plan included in the Technical Report foresees a total of 4.1 million tonnes of material with an average head grade of 8.8 g/t being processed over an extended mine life through the end of 2026, four years longer than the previous LOM plans for the Segovia Project. Over this mine life, the updated LOM plan expects a total of 1.0 million ounces of gold to be produced at an average LOM total cash cost1 of $697 per ounce and an AISC1 (excluding corporate G&A) of $896 per ounce. At an expected long-term gold price of $1,250 per ounce, total LOM undiscounted after-tax free cash flow from mining operations amounts to $210 million and the net present value at a 5% discount rate amounts to $178 million.

The Technical Report bearing an effective date of August 7, 2017 was prepared by SRK Consulting (U.S.), Inc. (“SRK”)

==

"Four more years" > 2026

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PRODUCTION:

July : 10,187e
Aug. : 10,188e
Sep. : 16,664* = 16,664 - see below
====
Q3 - : 37,039 /3= 12,346oz
Q2 - : 46,075 /3= 15,358oz
====
Estimated Q3 Revs. vs. Actual Q2-2017 Production
Est.
==== : 2016-q1 : 2016-q2 : 2016-q3 : 2016-q4 : 2017-q1 : 2017-q2 : 2017-q3?
Revs : $34.47M : $48.01M : $51.22M : $49.00M : $45.72M : $55.97M : $45.00Me:
Prod. : 31,489oz: 38,229oz: 39,111oz/ 40,850oz: 39,008oz: 46,075oz: 37,039oz : 12mos: 163,001, 9mos: 122,122
/mon. : ---------------------------- / 3 mos/ -13,617- : -13,003- : -15,358- : -12,346- :

Ebitda : $11.59M: $18.30M: $19.71M : $16.20M : $13.59M: $17.70e :
====
Gran Colombia Sets New Monthly Gold Production Record in September 2017

and Remains on Track With 2017 Annual Production Guidance
October 11, 2017

TORONTO, Oct. 11, 2017 (GLOBE NEWSWIRE) --

Gran Colombia Gold Corp. (TSX:GCM) announced today that it produced a total of 16,664 ounces of gold in the month of September, surpassing the previous monthly production record established earlier this year and bringing the total for the third quarter of 2017 to 37,039 ounces, only 5% below the third quarter last year despite the adverse impact of a 42-day civil disruption at its Segovia Operations that ended on September 1, 2017. For the first nine months of 2017, gold production increased by 12% over the first nine months last year to a total of 122,122 ounces. The trailing 12 months’ total gold production as of the end of September 2017 now stands at 163,001 ounces, up 9% over 2016’s annual gold production and above the Company’s production guidance for the 2017 calendar year of a total of 150,000 to 160,000 ounces.
==
> http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2017/Gran-Colombia-Sets-New-Monthly-Gold-Production-Record-in-September-2017-and-Remains-on-Track-With-2017-Annual-Production-Guidance/default.aspx

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GCM share price - vs. GDXJ & MNT.t

GCM.t - etc ... update : GCM.t only : 10/12/2017: c$1.86 : c$17.06 : $34.65 :

eK18IVU.gif

==

ADDED - in edit

Gran Colombia Gold Announces 40 Meters at 4.00 Grams Gold Per Tonne Intersected in the Latest Drill Hole at Its Marmato Project

October 17, 2017

TORONTO, Oct. 17, 2017 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX:GCM) announced results today from an ongoing underground exploration drilling program at its Marmato Project. Hole MND_282_03_17, drilled from Level 20, has intercepted an interval of “Deeps style” of mineralization at a vertical depth of about 1,000 meters below surface and about 25 meters vertically below Level 21, which returned an overall grade of 3.09 g/t Au over a core length of 59.18 meters, including a higher-grade sub section of 4.00 g/t Au over 40.40 meters.

Serafino Iacono, Executive Co-Chairman of Gran Colombia, commented: “We continue to be encouraged by the exploration results we are seeing at Marmato ahead of a more substantial drilling program that we have planned for next year to continue expanding our understanding of the total mineral resource potential of the deposit. Following on our recent announcement of an underground Mineral Resource estimate for Marmato, this latest intersection corroborates our confidence in the presence of a high-grade core within a wider halo with a lower grade in the “Deeps” zone below the current operating mine. The deep mineralization remains open for continued expansion along strike and at depth and has the potential to expand the mine life at our Marmato operations.”

Hole MND_282_03_17 belongs to an underground drilling campaign targeted to explore the down-dip extension of the typical vein mineralization between Level 21, the deepest level of the existing operating mine, and Level 24. The objective of this drilling campaign is also to test the up-dip projection of the body that hosts the “Deeps style” of mineralization. Another hole, MND_282_01_17, was previously drilled from the same drilling station at a steeper angle. The style of mineralization shown by both holes resembles the mineralization that was intersected in earlier holes drilled from Level 20 that characterize the deep body (refer to the Company’s press release dated March 13, 2017).

  • The intersections in these drill holes are interpreted to form the top of the deep zone of veinlet-hosted mineralization, which was initially interpreted to start about 100 metres below the current mine workings, and forms a deep body that could be suitable for underground bulk mining.
  • The deep gold mineralization is related to narrow veinlets of quartz-pyrrhotite with minor amounts of pyrite and chalcopyrite and a narrow halo of intermediate argillic alteration. These change upwards to pyrite veinlets with pervasive intermediate argillic alteration. They overprint earlier potassic alteration with porphyry-style quartz veinlets, overlain by propylitic alteration. The porphyry style alteration and veining does not carry mineralization.
  • This drill program continues to increase the confidence in the geological model through increased drill density, and also has the potential to significantly increase our Mineral Resources and expected mine life at the Marmato Operations.
  • Drilling focused on providing increased definition and confidence in the near-term mine operation within the Indicated Mineral Resources, and includes the following key intercepts:
Hole From
(m)
To (m) Width
(m)
Au (g/t)
(uncut) Au (g/t)
(cut) Ag (g/t) MND_282_01_17* 206.0 261.88 55.88 2.80 2.75 4.72 and 286.0 290.5 4.45 17.60 7.71 8.47 MND_282_03_17* 137.26 196.44 59.18 3.09 3.09 3.62 including 137.26 177.66 40.40 4.00 4.00 3.72

* Denotes underground drill holes. The two underground holes were drilled at -45° and -30° from the horizontal, respectively, and the intersection lengths do not represent true widths. Intersections were calculated using a cut-off grade of 1.0 g/t gold and no more than 6.0 metres of internal dilution. Gold grades are reported uncut and cut to 20.0 g/t (which affects two samples in MND_282_01_17). Silver grades are reported uncut.

==

> http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2017/Gran-Colombia-Gold-Announces-40-Meters-at-400-Grams-Gold-Per-Tonne-Intersected-in-the-Latest-Drill-Hole-at-Its-Marmato-Project/default.aspx

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Gran Columbia

n4BlqQS.png

GCM ... 6-mos : 10-d : Last: C$1.84 Change:arrow_up_sm.gif +0.01

Y64vDXG.gif

/ 10-d / U-1%: V-6% : 1% Debs : $78.0 +1.0 / 6%

Date----- : GCM.t : 513sh: CAD$: NotVal: 1% Deb. vol. : Db.O/S- Date : 6%Deb: Db.O/S- Date: TotDebt: Shs-OS: MktValue : Ent.Val. : Gold : OZ's

08/22/17 : $1.370 : 0,703 : 0.796 : 55.94 : $70.00, 78.00K: $45.97-04/28: $87.00 : 100.5 - 05/02 : $146.5 : 20.45m*: C$28.0M: $168.8M/ 1286= 131.3K
09/25/17 : c$2.20 : 1,129 : 0.808 : 91.19 : $89.50, 36.00K: $45.97-04/28: $92.00 : $99.4 - 06/30 : $145.4 : 20.45m*: C$45.0M: $181.8M/ 1312= 138.5k oz
10/12/17 : c$1.86 : 954.2 : 0.802 : 76.53 : $81.00, 20.00K: $45.97-06/30: $95.02 : $99.4 - 06/30 : $145.4 : 20.45m*: C$38.0M: $175.9M/ 1297= 135.6k oz
10/20/17 : c$1.84 : 943.9 : 0.792 : 74.76 : $78.00, 10.00K: $45.97-06/30: $95.02 : $99.4 - 06/30 : $145.4 : 20.45m*: C$37.6M: $175.2M/ 1281= 136.8k oz
Bid/Offer ; 75-81
$780 - $190 = $590 / 415.5 = US$1.420 / 0.792 = C$1.79

GCM-etc ... update

4gRCN3z.gif

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Has COLOMBIA ended the NARCO WAR? - VisualPolitik EN

Published on Oct 12, 2017
What happened in Colombia after Escobar? Who took Pablo's business? And then there is the most important question of all…

Is there still cocaine trafficking in Colombia? Today in VisualPolitik we are gonna answer all of those

 

/ 2 /

Why is COLOMBIA Not The Greatest Latin American Power? - VisualPolitik EN

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Canadian Mint / MNT.t ... Can. Dollar etf for Gold

MNT.T ... update

JMdVEA4.gif

Grand Columbian Gold / GCM.t ... Gold stock, quoted in C$

p203hsB.gif

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Ratio

gcm (in cad) to usd gold price

 

c4vRkhg.png

 

gcm.to / mnt.to - both in cad

MfBLXbf.png

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Sym.: Company------- : C$price: Low-High-- : ShOS : MktCap : $Cash : BkVal : Pr/BkV : Pr./Ls : Expense : Exp/sh.
==== : (11/24/17)
GCM : Gran Col.Gold - : $ 01.94 : $1.20-$2.23 : 20.45 : $40.5m : $7.34m : $11.21 : 17.35% :

Book Value now at : $229.320M / 20.45m shs = $11.21 / sh. !! - But cheaper debt will be connverted, see below

Current price is C$1.94. so only 17.35% of Book Value -- and 39% of adj. C$ 4.98 /sh. BookValue, see Notes below

Outlook : from Q3- Interim Report

=======

Gran Colombia has produced a total of 139,117 ounces of gold through the first ten months of 2017 and now believes it will produce a total of 165,000 to 170,000 ounces for the full year compared with the 149,708 ounces produced in 2016. Production growth at Gran Colombia’s Segovia Operations has been solid in 2017, even with the impact of a 42-day disruption in operations in the third quarter. With a total of 117,931 ounces of gold produced through the first ten months of 2017, Segovia is on pace to produce between 140,000 and 145,000 ounces this year, up from 126,261 ounces in 2016 and the Marmato Underground mine is expected to meet its 2017 production guidance range of 24,000 to 26,000 ounces of gold.

Gran Colombia’s total cash cost and AISC averaged $720 and $927 per ounce sold, respectively, in the first nine months of 2017. These results were adversely impacted by the civil disruption at Segovia in the third quarter of 2017. Despite this, Gran Colombia continues to expect that its fourth quarter 2017 operating and financial performance will bring the total cash cost and AISC averages for the full year 2017 to below $720 and about $900 per ounce sold, respectively.

Gran Colombia has deposited a total of $7.8 million representing its Excess Cash Flow for the first nine months of 2017 into the sinking funds for the Senior Debentures. Provided gold prices remain at least at the current level over the final two months of the year and Segovia’s gold production in November and December meets expectations, Gran Colombia expects to generate Excess Cash Flow for the full year in the order of $16 million and it will continue to consider, as appropriate, additional NCIB purchases and /or partial redemptions, if appropriate, as a means to reduce its 2020 Debentures ahead of maturity.

==

> http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2017/Gran-Colombia-Gold-Reports-Third-Quarter-2017-Results-Raises-2017-Production-Guidance/default.aspx

Debt -- : 12/31/16 : 09/30/17 :
CPLTD $ 01,232K : $ 30,966K : > 81% can/will be converted into stock @ GCM's discretion
LTD--- : $ 85,022K : $ 63,030K :
Debt---: $ 86,254K : $ 93,996K :
Face-- : $150.90M : $141.62M : $9,279k / $1.95: 4.758M
/$1.95 : + 77.38M : + 72.63M : shs
EntVal. : $333.59M : $370.94M :
Sh.OS- : + 92.98M : + 93.08M : shs
Bk Val. : + $ 03.59 : + $03.99 : adj. for Conversion of Debt

x CAD : C$ 1.344 : C$ 1.247 :
Bk Val. : C$ 04.82 : C$04.98 : adj. for Conversion of Debt
Def.Tx : $ 49,922K : $ 64,456K :
Prov.- : $ 28,629K : $ 29,283K :
Equity : $ 182.69M : $229.32K :
Sh.OS : ++ 15.60K : ++ 20.45K :
PerSh. : + $ 11.72 : + $11.21 : (US$)
2018d: $ 49,743K : $45,970K : (08/11/18) $3,773K / $1.95: 1.935M

/$1.95 : + 25.51M : + 23.57M : shs

EntVal. : $232.43M : $275.29M :
Sh.OS- : + 41.11M : + 44.02M : shs
Bk Val. : + $ 05.65 : + $06.25 : adj. for Conversion of Debt, 1% debs
Bk Val. : C$ 07.60 : C$07.80 : adj. for Conversion of Debt, 1% debs
2020d: $101.16M : $48,696K : ( 01/02/20)
2024d: $000.00M : $46,955K : ( 01/02/24)
========================

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Outlook : from Q3- Interim Report

=======

Gran Colombia has produced a total of 139,117 ounces of gold through the first ten months of 2017 and now believes it will produce a total of 165,000 to 170,000 ounces for the full year compared with the 149,708 ounces produced in 2016.

Gran Colombia has deposited a total of $7.8 million representing its Excess Cash Flow for the first nine months of 2017 into the sinking funds for the Senior Debentures. Provided gold prices remain at least at the current level over the final two months of the year and Segovia’s gold production in November and December meets expectations, Gran Colombia expects to generate Excess Cash Flow for the full year in the order of $16 million and it will continue to consider, as appropriate, additional NCIB purchases and /or partial redemptions, if appropriate, as a means to reduce its 2020 Debentures ahead of maturity.

=======

Third Quarter First Nine Months

2017 2016 2017 2016

Operating data:

Gold produced (ounces) 37,039 39,111 122,122 108,829

Per Month, average 12,347 13,037 13,569 12,092

Gold sold (ounces) 33,932 39,017 117,545 107,605

=================== ====== ======

Q4 / 47,995 40,979
Year / 170.117 149,708

Revenues ----- Q4 / $62,393k $50,366k
Revenues ----- 9mo / $144,427k $133,708k
Oper.CF <int,tx 9mo / $ 48,327k $ 33,580k
OperCF- as % 9mo / 33.46% 25.11%
Revenues -- 12mo / $206,820k $184,074k
Oper.CF <int,tx 12mo/ $ 68,933k $ 47,703k
OperCF- as %. 12mo/ 33.33% 25.92%
-------- per oz. Q4 / $1,300 $1,229
-------- GLD Aver. / $125.0 $121.0 x 10.16
=========================== ======

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GCM chart ... update

nSKyNl2.gif
==

TORONTO, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX:GCM) announced today that it produced a total of 15,841 ounces of gold in the month of November bringing the year-to-date total to 154,959 ounces. The trailing 12 months’ total gold production as of the end of November 2017 now stands at 169,777 ounces, up 13% over 2016’s annual gold production. With one month remaining in 2017, the Company remains on track with its recently revised production guidance for the full year of 165,000 to 170,000 ounces of gold.

The Segovia Operations produced 13,797 ounces of gold in the month of November bringing the 11-months year-to-date total to 131,729 ounces. Company-operated production at the Providencia mine continued in line with the trend this year and the Company also benefitted from additional material from contract miners under new operating contracts entered into since August under which Gran Colombia is retaining between 10% and 60% of the spot price for each ounce of gold produced. The trailing 12 months’ total gold production as of the end of November 2017 at Segovia was 144,512 ounces, up 14% over 2016’s annual gold production and within the Company’s revised production guidance range for the 2017 calendar year at Segovia of 140,000 to 145,000 ounces.

At the Marmato Operations, gold production amounted to 2,044 ounces in the month of November bringing the 11-months year-to-date total to 23,230 ounces.

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2017 Production

Gran Colombia Gold Corp. (TSX:GCM) announced today that it produced a total of 51,699 ounces of gold in the fourth quarter of 2017, up 26% over the fourth quarter last year. This brings the total gold production for the year to 173,821 ounces, up 16% over 2016 and surpassing its guidance for the current year.

==============
Production- : per Yr.  :
Q,M : 2017- : x4 or 3x : CashC : AISC / 2017- : x4 or 3x : CashC : AISC-
Q1- : 00,000 : 00,000 : $000. : $000. / 00,000 : 00,000 : $000. : $000. /
Q2- : 00,000 : 00,000 : $000. : $000. / 00,000 : 00,000 : $000. : $000. /
July : 13,583 : 40,750 : ==== : ====  / 00,000 : 00,000 : $000. : $000. /
Q3- : 39,111 : 156.4K : $728.: $884. / 00,000 : 00,000 : $000. : $000. /
Oct  : 13,088 : ====== : ==== : ==== /
Nov : 12,973 : ====== : ==== : ==== /
Dec : 14,797 : ====== : ==== : ==== /
Q4- : 40,858 : 163.4K: $730e $900e/ 51,699 : 206.8K : $000. : $000. /
============
'16: 149,687 : +28% ==========  / 173,821 : +16%

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REVISED: Gran Columbia / GCM.t thread Header

- brought OP / header of the thread Up to Date - since price leap upwards is possible in 2018

C$ price --- : C$2.22 / 16% of BV, 52% of adj. BV

Book Value : US $11.21 xC$1.245= C$13.96

Adj. Bk.Val : US $  3.43  xC$1.245= C$  4.27 - assumes all US$141M Debt conv. at US$1.92 x 1.245= C$ 2.39

Gran Columbia (GCM.t) : restructured Columbian Gold miner, in Profit waiting to be discovered

(GCM shs: a Reverse Split of 1-share-for-15 on Apr. 27th, 2017):

GCM.t ... 10-yrs : 5-yrs : 2-yrs : 12mos : 6-mos / 10-d / U-1%: V-6% : X-8% :

Updated, Last: C$2.22 at 1/16/2018 - peaked on 610d.MA

j66wbce.gif

AFTER Reverse split : 1-for-15 : Management awarded itself over 1.9 million Options at C$2.55 before the split

: 12-mos : 2-yrs : 3-yrs :

m0idmEE.gif

Longer term - after split prices 3-yrs : 4-yrs : 5-yrs :

Qjwc13Z.gif

GCM / Gran Columbia Mines - C$0.145 ( in Jan. 2016 )Share O/S : 23.7 mn x $0.145 = C$3.4 Million
Restructuring: = could mean the :  Issuance of a maximum of 1.44 Billion shares / 15 = 96 million shs after reverse split
===
About Gran Colombia Gold Corp.
Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. Gran Colombia is currently advancing a project to develop a modern, large-scale, gold and silver mine at its Segovia operations.

Date---- : GCM.t : 7,692 : CAD$ : NotVal : 1% Deb. : vol. : Db.O/S- Date : 6%Deb: Db.O/S- Date : TtlDebt : Shs-OS : MktValue : Ent.Val. : Gold : OZ's
03/31/16 : $0.095 : 0,731 : 0.769 : 56.94 : $58.00. --------- : $71.2- 03/31 : $68.00 : 104.0 - 03/31 : $175.2 : 125.5m : C$11.9M: $184.3M/ 1234= 149.4k
06/30/16 : $0.100 : 0,769 : 0.773 : 59.44 : $55.00. --------- : $67.7- 06/30 : $65.00 : 103.3 - 05/12 : $171.0 : 157.8m*: C$15.8M: $183.2M/ 1325= 138.3k
07/06/16 : $0.140 : 1,077 : 0.770 : 82.92 : $74.00, 164.k : $67.7- 06/30 : $78.50 : 103.3 - 05/12 : $171.0 : 157.8m*: C$22.1M: $188.0M/ 1366= 137.6k
08/31/16 : $0.115 : 0,885 : 0.763 : 67.53 : $72.00, 540.k : $53.7- 08/11 : $83.15 : 103.3 - 08/11 : $157.0 : 252.9m*: C$29.1M: $186.1M/ 1311= 141.9k
09/30/16 : $0.120 : 0,923 : 0.762 : 70.33 : $72.50, 154.k : $49.8- 09/06 : $91.00 : 102.5 - 09/06 : $152.3 : 277.6m*: C$33.3M: $177.7M/ 1317= 134.9k
10/21/16 : $0.115 : 0,885 : 0.750 : 66.34 : $68.00, 0???k : $49.8- 09/06 : $88.00 : 102.5 - 09/06 : $152.3 : 277.6m*: C$31.9M: $176.2M/ 1266= 139.2k
11/30/16 : $0.100 : 0,769 : 0.744 : 57.21 : $61.00, 90.0k : $49.7- 12/06 : $84.00 : 101.2 - 12/06 : $150.9 : 277.6m*: C$27.8M: $171.6M/ 1174= 146.2k
12/30/16 : $0.095 : 0,731 : 0.744 : 54.39 : $61.00, 20.0k : $49.7- 12/06 : $84.00 : 101.2 - 12/06 : $150.9 : 277.6m*: C$26.4M: $170.5M/ 1152= 148.1k
02/10/17 : $0.110 : 0,846 : 0.764 : 64.63 : $61.00, 625.k : $49.7- 12/06 : $81.00 : 101.2 - 12/06 : $150.9 : 277.7m*: C$30.5M: $174.2M/ 1236= 140.9k
03/31/17 : $0.100 : 0,769 : 0.750 : 57.68 : $64.00, 56.0k : $49.7- 12/06 : $82.99 : 100.7 - 04/07 : $150.4 : 277.7m*: C$27.8M: $171.3M/ 1251= 136.9k
04/21/17 : $0.095 : 0,731 : 0.742 : 54.24 : $65.00, 59.0k : $49.7- 12/06 : $81.99 : 100.7 - 04/07 : $150.4 : 277.7m*: C$26.4M: $170.0M/ 1289= 131.9k

04/26/17 : $0.095 : 0,731 : 0.733 : 53.82 : (reverse split) :
Date----- : GCM.t : 513sh: CAD$: NotVal: 1% Deb.: vol. : Db.O/S- Date : 6%Deb: Db.O/S- Date: TotDebt: Shs-OS : MktValue : EntValue : Gold : OZ's
04/27/17 : $1.550 : 0,795 : 0.733 : 58.28 : $61.00, 78.0k: $45.97-04/28 : $80.50 : 100.7 - 04/28 : $146.7 : 20.45m*: C$31.7M: $169.9M/ 1266= 134.2k
05/09/17 : $1.410 : 0,723 : 0.730 : 52.80 : $63.01, 78.0k: $45.97-04/28 : $81.00 : 100.5 - 05/02 : $146.5 : 20.45m*: C$28.8M: $167.5M/ 1216= 137.8k
08/22/17 : $1.370 : 0,703 : 0.796 : 55.94 : $70.00, 78.0K: $45.97-04/28: $87.00 : 100.5 - 05/02 : $146.5 : 20.45m*: C$28.0M: $168.8M/ 1286= 131.3K
09/25/17 : c$2.20 : 1,129 : 0.808 : 91.19 : $89.50, 36.0K: $45.97-04/28: $92.00 : $99.4 - 06/30 : $145.4 : 20.45m*: C$45.0M: $181.8M/ 1312= 138.5k oz
10/12/17 : c$1.86 : 954.2 : 0.802 : 76.53 : $81.00, 20.0K: $45.97-06/30: $95.02 : $99.4 - 06/30 : $145.4 : 20.45m*: C$38.0M: $175.9M/ 1297= 135.6k oz
10/20/17 : c$1.84 : 943.9 : 0.792 : 74.76 : $78.00, 10.0K: $45.97-06/30: $95.02 : $99.4 - 06/30 : $145.4 : 20.45m*: C$37.6M: $175.2M/ 1281= 136.8k oz
12/29/17 : c$1.96 : 1,005 : 0.795 : 79.90 : $85.50, 50.0K: $45.97-09/30: $98.00 : $95.7 - 09/30 : $141.1 : 20.45m*: C$40.1M: $172.0M/ 1309= 132.1k oz
01/16/18 : c$2.22 : 1,139 : 0.803 : 91.45 : $90.75, 109.K: $45.97-09/30: $98.00 : $95.7 - 09/30 : $141.1 : 20.45m*: C$45.4M: $177.6M/ 1337= 132.8k oz.
=========
Last column : at 132.8k on 12/29/2017 - GCM had an enterprize value of 132,800 oz., that is is just 80% of its 2017 gold production (ignores costs)


12/29: At 8/2018 maturity, 1% Debs= ($190 + 415.5 shs) so: $190 + 415.5sh x $2.22 x 0.803= $741 : $931,

debs - 9/30/17 = Face Amt : discount : (maturity-)
1% : : $30,674K : $45,970K : $15,296k (2018, Aug.)
6% : : $33,396K : $48,696K : $15,300k (2020. Jan.)
8% : : $28,858K : $46,955K : $17,548k (2024)
DEBs: $92.93K : $141.07K: $48,144k/ BKV: $229.32k / shs OS: 20,450k = US$11.21 /sh. ($10.76-6/30)
Disc. : $ 48.14 K / 20.45k = ($2.35) + $11.21 = US$8.86 / sh. ($8.08-6/30)
Alt.2: $229.32 +$92.93k= $322.25k / (20.45k + $141.07/$1.92= 73.47k= 93.92k) = US$3.43 xC$1.245= C$4.27
====

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Is GCM now "jumping the shark" to a more reasonable valuation?

GCM share price - vs. GDXJ, MNT.t

GCM.t - etc ... update : GCM.t only

: 10/12/2017: c$2.22 : MNT c$17.06 : GDXJ $34.65 :

: 10/12/2017: c$1.86 : MNT c$17.06 : GDXJ $34.65 :

Gzhetys.gif

 

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At Last!  A Breakout for Gran Columbia

GCM.t ... update : relative : 10-days :

pdJ2CWu.gif

Date----- : GCM.t : 513sh: CAD$: NotVal: 1% Deb.: vol. : Db.O/S- Date : 6%Deb: Db.O/S- Date: TotDebt: Shs-OS : MktValue : EntValue : Gold : OZ's
04/27/17 : $1.550 : 0,795 : 0.733 : 58.28 : $61.00, 78.0k: $45.97-04/28 : $80.50 : 100.7 - 04/28 : $146.7 : 20.45m*: C$31.7M: $169.9M/ 1266= 134.2k
12/29/17 : c$1.96 : 1,005 : 0.795 : 79.90 : $85.50, 50.0K: $45.97-09/30: $98.00 : $95.7 - 09/30 : $141.1 : 20.45m*: C$40.1M: $172.0M/ 1309= 132.1k oz
01/16/18 : c$2.22 : 1,139 : 0.803 : 91.45 : $90.75, 109.K: $45.97-09/30: $98.00 : $95.7 - 09/30 : $141.1 : 20.45m*: C$45.4M: $177.6M/ 1337= 132.8k oz.

02/15/18 : c$2.40 : 1,231 : 0.801 : 98.60 : $98.00, 121.K: $45.97-09/30: $98.50 : $95.7 - 09/30 : $141.1 : 20.45m*: C$49.1M: $180.4M/ 1359= 132.8k oz.

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GCM wants to avoid dilution, as share price rises:

+ Old debs were conv. into 513 shs.

+ New debs get ONLY 124 wts. convertible at C$2.20, instead of abt. C$2.50, and that means 18.85 Million shares dilution on $152 million of debs, rather than 78 Million shares of dilution.  Current shares OS: 20.45 million at 9.30.17

+ an 8% coupon and an 8 year term

Gran Colombia Announces Proposed Issuance of up to US$152 Million of Units to Improve Its Capital Structure and Reduce Potential Dilution of Common Shares February 05, 2018

(TSX: GCM) announced today that it has determined to offer for sale, on a best efforts private placement basis, up to 152,000 units (the “Units”) of the Company for anticipated aggregate gross proceeds of up to US$152,000,000 (the “Offering”)... The net proceeds of the Offering are expected to be used for (1) the redemption in full, at par, of the Company’s (a) Senior Unsecured Convertible Debentures due 2018, (b) Senior Secured Convertible Debentures due 2020 and (c) Senior Secured Convertible Debentures due 2024 (the securities referred to in (a), (b) and (c), collectively, the “Outstanding Debentures”) and (2) general corporate purposes.

Gran Colombia Announces Terms for Its Proposed US$152 Million Debt Financing Feb.15, 2018

... , in light of the current market conditions, we are proceeding with the Offering to allow the Company to simplify its capital structure, having just one long-term debt instrument, and to enhance shareholder value by capping the potential dilution ...

The key terms being offered include:

  1. Each Unit will consist of US$1,000 principal amount of senior secured gold-linked notes (the “Notes”) and 124 common share purchase warrants (the “Warrants”) of the Company. Each Warrant will have an exercise price of CA$2.20 per warrant and will entitle the holder to purchase one common share at any time prior to the maturity of the Notes. Subject to minimum listing requirements, the Company will take commercially reasonable efforts to have the Warrants listed.
  2. The net proceeds of the Offering will be used for (1) the redemption in full, at par, of the Company’s (a) Senior Unsecured Convertible Debentures due 2018, (b) Senior Secured Convertible Debentures due 2020 and (c) Senior Secured Convertible Debentures due 2024 (the securities referred to in (a), (b) and (c), collectively, the “Outstanding Debentures”) and (2) general corporate purposes.
  3. The Notes will have an eight-year term and are non-callable for the first three years.
  4. The Notes will represent senior secured obligations of the Company, ranking pari passu with all present and future senior indebtedness and senior to all present and future subordinated indebtedness of the Company. Standard high yield covenants consistent with transactions of this nature will apply.
  5. The Notes will bear interest at 8.00% per annum, paid monthly.
  6. The Company will set aside an amount of physical gold each month in a trust account (the “Gold Trust Account”). On a quarterly basis, the physical gold in the Gold Trust Account will be sold and the sale proceeds will be used to amortize the principal amount of the Notes based on a guaranteed floor price of $1,250 per ounce. The Note holders will be entitled to receive a premium on the quarterly repayments based on the sale price realized up to a ceiling of $1,400 per ounce. The Company will retain any excess sale proceeds above $1,400 per ounce. The scheduled annual number of physical gold ounces to be deposited into the Gold Trust Account will vary by year, ranging from 23,000 ounces in the first year down to 4,000 ounces in the seventh year and a balance of 23,600 ounces in the final year of the term of the Notes.
  7. There is no mandatory redemption of the Notes prior to maturity, although the Company may be required to make an offer to repurchase the Notes if there is a change of control or following certain asset sale transactions.
  8. The Notes provide for standard high yield optional redemption provisions.
  9. Closing of the Offering will take place following receipt of shareholders’ approval for issuance of the Warrants as discussed below.

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STOCKHOUSE Bullboard Chat

>http://www.stockhouse.com/companies/bullboard#172zqlMO21EE5viG.99

Book Value is Much Higher than the stock price

 I know financial sites can be a little off on their estimates of book value . Even taking that into account Yahoo!  gives Gran Colombia a book of  $11.23 per share . TD Bank gives it a book of $12.51 per share .  Statistics on both site are impressive . Like of 21 million outstanding shares only 6.6 million are in the float .  I don`t care how you slice it , GCM is a pretty lucrative buy . We have less then a month now for financial numbers and the final reorg,. Discussion please .
2/
I personally don't care about the book value, but since you do, why wouldn't you calculate it yourself from the balance sheet?

 

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Latest - a quick correction from the Spike Up

GCM.t ... update -- Last: C$2.43 +0.17

LJBIQL6.gif

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20 hours ago, drbubb said:

Latest - a quick correction from the Spike Up

GCM.t ... update -- Last: C$2.43 +0.17

Thank you for the find DrBubb !!!

Fulfills Stan Weinstein's strong buy criteria, apart from the fact that that the stock is not very liquid at all. 

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After the restructuring is done, I reckon the Volumes will grow.

Have you checked the NAV?  It is way above the current stock price,

and with dilution reduced by the restructuring, it will be mostly preserved

GCM - etc ... update

9cfE3io.gif

Stockhouse reports the NAV as : C$ 14.79 = C$ 2.50 / 0.169 (Pr./Book)

> http://www.stockhouse.com/companies/quote?symbol=t.gcm

BULLBOARD Comments

RE:stupidly cheap today...

Very unusual price action on a Goldminer already undervalued and with so much going for it. I suspect that the price of gold being manipulated down day after day has killed sentiment once again. If {when} the price of gold has the brakes taken off, GCM will run like a rabbit IMO.

RE:RE:RE:Converting

i hope it stays low until march 26 ....     on march 27 good numbers ...    the stock will rise from here....

RE:stupidly cheap today...

When the stock has an average daily volume of 45K shares and some low brow dumps 40K shares in one sell then you see what happens . If you were going to do such a thing , why wouldn`t you sell the shares slowly through the day . Somebody did it again later in the day with 19K but it didn`t have nearly the same effect .  There was slight panic selling through out the day for the same reasons as asked here . What`s wrong ? Nothing .  Hopefully by the end of March and the vote and financials we can put all this junior miner stuff behind us . People that have held on are going to be very happy .

RE:RE:RE:stupidly cheap today...

Very nice bounce back. Lost almost 10% in 1 day which is disappointing but not a real suprise for GCM, to gain all of that back the next day is unheard of since I have been invested. I think I quite like today.
Read more at http://www.stockhouse.com/companies/bullboard#jVzFAtPALQDsUADJ.99

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(Here's another Columbian miner, also worth a look):

Major Colombia Gold Miner at a Great Entry Point

   

A miner with a large project in Colombia is going to acquire its spin-out company, and technical analyst Clive Maund sees this stock as an immediate strong buy.
 
CA:R / Red Eagle Mining Corp. (TOR) ... 2-yrs :
5uS24eC.gif

Red Eagle Mining Corp. (R:TSX; RDEMF:OTCQX; R:BVL) describes itself as Colombia's premier emerging gold producer, and its biggest project is the San Ramon mine not far from Medellin. It is an interesting time to look at it because the news came out after the market closed on Friday that it is to acquire Red Eagle Exploration, although this is as much a merger as a takeover, and it is noteworthy that Red Eagle Mining already owned 76% of the shares of Red Eagle Exploration prior to this announcement. This amalgamation will result in a combined company with bigger scope and more properties and will reduce costs, and is not seen as negative in any way for the shareholders of either company. The details may be read in Red Eagle Mining and Red Eagle Exploration Announce Amalgamation.

On the 8-year chart we can see the entire history of Red Eagle Mining stock. After starting trading at a high level in 2011 it got taken down hard by the sector bear market. Then, after marking out a triangular base pattern between late 2013 and early 2016 it ran up sharply only to top out and plunge from whence it came about a year later. Apparently the reason for this was operating problems at the San Ramon property, which have since been resolved. By far the oddest thing about this chart, in a positive sense, is the way that the Accum-Distrib line, after a brief plunge when the stock nosedived in mid-2017, has risen strongly to new highs as the subsequent base pattern has formed at a low level. The On-balance Volume line has risen as this base has developed as well, although not in such a dramatic fashion. The way these volume indicators have risen as the low base has formed is certainly a sign of accumulation and a bullish indication.

Read more at http://www.stockhouse.com/opinion/independent-reports/2018/03/06/major-colombia-gold-miner-great-entry-point#rv9rFPew6xoFLR7B.99

Red Eagle Mining Santa Rosa Operations Update

GlobeNewswire February 8, 2018

Red Eagle Mining Announces Santa Rosa Mill Start Up

GlobeNewswire January 10, 20183 stars

Red Eagle Mining Completes $5.6 Million Equity Financing

GlobeNewswire December 22, 201

Red Eagle Mining Announces $5.6 Million Equity Financing

GlobeNewswire December 19, 2017

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PRODUCTION:
July : 10,187e
Aug. : 10,188e
Sep. : 16,664* = 16,664 - see below
Oct. : 16,996 :
Nov. : 15,841 : 13,797 + 2,044
Dec. : 18,862 :
Jan. : 16,700 : 13,613 + 2,087
Feb. : 17,339 : 15,248 + 2,091
Mar ? 17k
Q1est: 51k
====
Q4 - : 51,699 /3= 17,233oz
Q3 - : 37,039 /3= 12,346oz
Q2 - : 46,075 /3= 15,358oz
Q1 - : 39,008 /3= 13,003oz
'17 : 173,821 oz.
====

> Feb.2018 production: http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2018/Gran-Colombia-Gold-Provides-February-2018-Production-Update-and-Announces-Details-for-Its-2017-Fourth-Quarter-and-Year-End-Results-Webcast/default.aspx

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PRODUCTION:
July : 10,187e
Aug. : 10,188e
Sep. : 16,664* = 16,664 - see below
Oct. : 16,996 :
Nov. : 15,841 : 13,797 + 2,044
Dec. : 18,862 :
'17 : 173,821 : 14,485 :
Jan. : 16,700 : 13,613 + 2,087
Feb. : 17,339 : 15,248 + 2,091
Mar ? 17k
Q1est 51k Est.aNetInc. (x132=$6.7M :to: x176=$9.0M) :x150=$7.65M/ 50M= $0.153/sh. x4: $0.61 x1.28= C$0.78: PE: 2.9 Est
====

Qtr- : GoldOz : Mo.Ave: Revenues : per-Oz : CCost, AISC : Net-, All-in : aEbitda /perOz : aNetInc: ExcCF : Earns : ANI/Oz. :
'15 : 116,857 : 09,738 : $134.95M : $1,155 : ------------------ : ----------------- : $38.4M / $329 : (49.3M) 00.0M : (13.1M):
Q4 - : 40,879 : 13,626 : $  50.40M : $1,233 : $725, $899 : $508, $334 : $16.4M / $401 : $03.4M: 00.0M : $
'16 : 149,708 : 12,476 : $185.07M : $1,236 : $706, $850 : $530, $386 : $66.0M / $441 : $15.6M: 02.9M : $03.7M: $104/oz :
Q1 - : 39,008 : 13,003 :
Q2 - : 46,075 : 15,358 :
Q3 - : 37,039 : 12,346 :
Q4 - : 51,699 : 17,233 : $  70.90M : $1,371 : $719, $899 : $508, $334 : $26.8M / $518 : $09.1M: 08.6M : $04.9M: $176/oz :
'17 : 173,821 : 14,485 : $215.40M : $1,239 : $720, $918 : $519, $321 : $75.5M / $434 : $23.0M: 16.4M : $36.8M: $132/oz :
Qtr- : GoldOz : Mo.Ave    : Revenues : per-Oz :   CCost, AISC : Net-, All-in : aEbitda /perOz : aNetInc : ExcCF : Earns   : ANI/Oz. :
====

BkVal: US$224.36M / 20.866M shs = US$10.75 / By 3.27.18: +2.806Mn (2018,20,24 debs) = 23.672M shs
March 27, 2018:
2018 : 43,985k / $1.95 = 22,557k : 81%: 18,271k shs + 19% cash: $8,357k
2020 : 48,023k / $1.95 = 24,627k
2024 : 43,331k / $1.95 = 22,221k
Sum: 135,339k / =====  69,405k shs fully conv

Adjusted to 3.27.18:
BkVal: $224.36k (+2.806M x$1.95) = $229.83k / 23.672M = US$9.71 x 1.277 = C$12.40
If ALL 1% debs are converted:
BkVal: $229.83k (+22.557M x$1.95) = $273.82k / (23.672M +22.557M =  46.229M) = US$5.92 : C$7.56

GOLD Resources

(Marmato, Oct. 2017):
Indicated Resources consist of 41.0 million tonnes at an average grade of 2.9 g/t representing 3.9 million ounces of gold and Inferred Resources are 52.0 million tonnes at an average grade of 2.5 g/t representing 4.2 million ounces of gold.
(Segovia, Dec, 2017):
Segovia Operations, leading to an updated Mineral Resource estimate as of December 31, 2017 with 3.4 million tonnes at an average grade of 11.4 g/t representing 1.2 million ounces of gold in Measured and Indicated Resources, an increase of 13% from the March 2017 Mineral Resource Estimate. Inferred Resources include 3.4 million tonnes at an average grade of 10.1 g/t representing 1.1 million ounces of gold, also up 13%. The Company also reported its first Mineral Reserve for Segovia with a total of 1.7 million tonnes at an average grade of 12.4 g/t representing 660,000 ounces of gold as of December 31, 2017.

Type Res: Marmato + Segovia= Total-Oz/174k oz: 50M.shs
Indicated:  3.9 Mn  +  1.2 Mn =  5.1 Mn = 29.3 yrs : 0.10 oz
Inferred- :  4.2 Mn  +  1.1 Mn =  5.3 Mn = 30.5 yrs : 0.11 oz
 = SUM-  :  8.1 Mn  +  2.3 Mn = 10.4 Mn= 59.8 yrs : 0.21 oz

 

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