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Tuesday, 10/25/2016 7:41:34 AM

Tuesday, October 25, 2016 7:41:34 AM

Post# of 3020
New "SeekingAlpha" article:

"This week, we take our third look at Gran Colombia Gold (OTCPK:TPRFF), the largest underground gold and silver producer in Colombia. Early in 2016, the company concluded a complete debt restructuring. Since that time, it has continued to excel, posting excellent gains in both production and revenues. Its Q2 and YTD results showcase a company that is thriving.

•Adjusted EBITDA for the first six months of 2016 was $29.9 million, double the adjusted EBITDA of the first half of 2015.

•Q2 revenue of $48.0 million was up 54% year-over-year.

•Q2 gold production was up 34% over Q2 2015.

•Q2 total cash costs per ounce decreased by 13%.

•Interest coverage on a go forward basis appears to be an astounding 9x.
The company recently engaged GMP Securities to conduct a strategic review process. GMP is exploring alternatives to enhance shareholder value including a possible sale of the company. A sale of the company could possibly increase the value of both Gran Colombia's stock as well as its bonds."



http://seekingalpha.com/article/4014505-scorching-22_5-percent-yields-gran-colombia-golds-august-2018-convertible-debentures?auth_param=dkhv4:1c0ueh6:abe44f68bf6630197b54b70dc62f43e9&uprof=46&utoken=6b25a8ef84f4331b606379c6a7a0a76d1d32c46a

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