Wednesday, November 15, 2017 11:36:37 PM
Harvey Organ: This Is THE FIRST TIME We Have Witnessed ‘Queue Jumping’ IN GOLD -
November 15, 2017
https://www.silverdoctors.com/gold/gold-news/harvey-organ-this-is-the-first-time-we-have-witnessed-queue-jumping-in-gold/
Gran Colombia Gold Reports Third Quarter 2017 Results; Raises 2017 Production Guidance
November 13, 2017
TORONTO, Nov. 13, 2017 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TSX:GCM)
announced today the release of its unaudited interim condensed
consolidated financial statements and accompanying management’s
discussion and analysis (MD&A) for the three and nine months ended
September 30, 2017.
All financial figures contained herein are expressed in U.S. dollars
(“USD”) unless otherwise noted.
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
Lombardo Paredes Arenas, Chief Executive Officer of Gran Colombia,
commenting on the Company’s results for the first nine months of 2017,
said,
“In the third quarter we faced some adversity as we dealt with the
challenges of the 42-day civil disruption in Segovia.
While our third quarter results were adversely impacted by the work
slowdown, we demonstrated our resiliency once operations returned to
normal in early September, rebounding with two of our best production
months this year.
We have since signed some new contracts with small mining cooperatives
in Segovia and negotiations are continuing with the rest.
We now believe our 2017 gold production will total between 165,000 to
170,000 ounces.”
Third Quarter and First Half 2017 Highlights
Gran Colombia has raised its annual gold production guidance for 2017 to
a range from 165,000 to 170,000 ounces from the previous guidance of
150,000 to 160,000 ounces.
Although gold production in the third quarter of 2017 of 37,039 ounces
was down 5% from the third quarter last year due to the impact of the
42-day civil disruption on the Segovia Operations, year-to-date gold
production of 122,122 ounces is up 12% over the first nine months of
2016.
With a further 16,995 ounces produced in October 2017, the trailing 12-
months’ total gold production as of the end of October 2017 stands at
166,995 ounces, up 11% over 2016’s annual production.
Revenue has been positively impacted this year by the increased level of
gold production compared with last year and is up 8% in the first nine
months of 2017 to $144.4 million.
Gold sales volume in the third quarter of 2017, adversely impacted by the
civil disruption at Segovia, and 4% lower spot gold prices in the third
quarter of 2017 compared with the third quarter last year, contributed
to a 17% year-over-year decline in third quarter revenue to $42.7
million in 2017.
With Segovia’s operations back to normal and spot gold prices in October
and the first half of November generally above $1,270 per ounce, Gran
Colombia is expecting stronger revenue performance in the fourth quarter
of 2017.
Gran Colombia’s total cash costs and all-in sustaining costs (“AISC”)
averaged $748 per ounce and $970 per ounce, respectively, in the third
quarter of 2017, reflecting the adverse impact of the reduced level of
production on fixed costs and capital spending on a per ounce basis.
This brings the average total cash costs and AISC for the first nine
months of 2017 to $720 per ounce and $927 per ounce, respectively,
compared with $699 per ounce and $832 per ounce, respectively, in the
first nine months of 2016.
Gran Colombia continues to expect that its total cash costs and AISC
averages for the full year will remain below $720 and about $900 per
ounce sold, respectively.
See the Company’s MD&A for the computation of these non-IFRS measures.
Gran Colombia’s trailing 12-months’ adjusted EBITDA stood at
$65.1 million at the end of September 2017.
Although adjusted EBITDA for the third quarter of 2017 was adversely
impacted by the factors that affected revenue and
total cash costs per ounce as outlined above, declining to
$13.8 million compared with $19.7 million in the third quarter last
year, the Company’s adjusted EBITDA for the first nine months of 2017
totaled $48.7 million compared with $49.6 million for the first nine
months last year.
See the Company’s MD&A for the computation of this non-IFRS measure.
The Company generated $2.3 million of Excess Cash Flow (see the Company’s
MD&A for the computation in accordance with the indentures for the
Senior Debentures) in the third quarter of 2017, bringing the total for
the first nine months of 2017 to $7.8 million.
Gran Colombia continues to expect to reach its guidance of $16 million of
Excess Cash Flow for the full year in 2017.
Gran Colombia continued to execute its strategy in the third quarter of
2017 to reduce its Senior Debentures ahead of maturity with its Excess
Cash Flow, repurchasing and cancelling an additional $0.7 million of
2020 Debentures at a discount under its Normal Course Issuer Bid
(“NCIB”) and completing a $3.0 million partial redemption at par of the
2020 Debentures on July 31, 2017.
Gran Colombia reported a net loss for the third quarter of 2017 of
$1.0 million, or $0.05 per share, compared with net income of
$8.1 million, or $0.52 per share, in the third quarter last year,
primarily reflecting the reduction in adjusted EBITDA compared with the
third quarter last year.
For the first nine months of 2017, net income was $34.3 million, or $1.70
per share, including a $35.5 million after-tax reversal ($1.76 per
share) of impairment related to the Segovia Operations.
Net income for the first nine months of 2016 was $19.0 million, or
$1.82 per share, including a $14.1 million after-tax gain
($1.35 per share) on financial instruments.
Adjusted net income for the third quarter of 2017 was $3.8 million,
or $0.19 per share, down from $8.1 million, or $0.52 per share,
in the third quarter last year, principally due to the lower adjusted
EBITDA offset partially by a reduction in adjusted income taxes.
For the first nine months of 2017, adjusted net income amounted to $11.0
million, or $0.55 per share, compared with $12.2 million, or
$1.17 per share, in the first nine months last year.
See the reconciliation in the Company’s MD&A for the computation of this
non-IFRS measure.
On October 4, 2017, Gran Colombia announced an updated Mineral Resource
Estimate for its Marmato Project, shifting focus for potential future
development from the previous open pit concept, and increasing cut-off
grades in anticipation of developing an expanded underground mining
operation.
Measured and Indicated Resources consist of 3.9 million ounces of gold
and Inferred Resources are 4.2 million ounces of gold.
In 2018, Gran Colombia intends to proceed with a preliminary economic
assessment for the Marmato Project and to perform additional drilling on
the deep mineralization to understand the deposit’s total mineral
potential.
Financial and Operating Summary
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
Gran Colombia Gold Provides Details for Its Third Quarter 2017 Results Webcast -
TORONTO, Nov. 06, 2017 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TSX:GCM) announced today that it will release
its financial results for the third quarter of 2017 after market close
on Monday, November 13, 2017 and will host a conference call and
webcast on Tuesday, November 14, 2017 at 8:30 a.m. Eastern Time to
discuss the results.
Webcast and call-in details are as follows:
Live Event link: https://edge.media-server.com/m6/p/wyndm7kc
International: 1 (514) 841-2157
North America Toll Free: 1 (866) 215-5508
Colombia Toll Free: 01 800 9 156 924
Conference ID: 45894608
A replay of the webcast will be available at www.grancolombiagold.com from Tuesday, November 14, 2017 until Thursday, December 14, 2017.
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 continuing an expansion and modernization project at
its Segovia Operations.
Additional information on Gran Colombia can be found on its website at
http://www.grancolombiagold.com
and by reviewing its profile on SEDAR at www.sedar.com.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2017/Gran-Colombia-Gold-Provides-Details-for-Its-Third-Quarter-2017-Results-Webcast/default.aspx
Source: Gran Colombia Gold
View all Press Releases
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136044033
JIM RICKARDS - $10,000 Gold Price Call Is Conservative Because It Could Easily Be $40,000 ~ ? ~
https://www.youtube.com/watch?v=LusbE8c8YOs
Forecaster Jim Rickards Trump is About to Shake Up the Fed And Markets -
https://www.youtube.com/watch?v=OnG38JMuOvg
Gold - Continuous Contract (EOD) ($GOLD) 3 month daily -
Gold - Continuous Contract (EOD) ($GOLD)daily ohlc -
Fibonacci price level correction -
Normal Fib correction -
E.g.,
Frequent reaction trends will be 62% of the previous trend -
new trend will often be 162% of the previous correction.
Gold - Continuous Contract (EOD) ($GOLD) weekly ChannelWars -
Gold - Continuous Contract (EOD) ($GOLD) monthly channel -
Gold - Continuous Contract (EOD) ($GOLD)23mth ma -
Gold - Continuous Contract (EOD) ($GOLD)daily wants to run -
Gold - Continuous Contract (EOD) ($GOLD)bullhorn pattern -
Gran Colombia Gold Corp. (GCM.CN) (TPRFF) Denver Gold Forum -
September 29, 2017 -
http://wsw.com/webcast/dgf17/gcm.to/presentationDownload.pdf
http://www.denvergoldforum.org/dgf17/company-webcast/GCM:CN/
BIG GROWTH FOR GOLD PRODUCER -
BY EDITOR
http://www.b-tv.com/gran-colombia-gold-commercial-30sec
EXPLORATIONGCM.TOGOLDGOLD PRODUCERGRAN COLOMBIAGRAN COLOMBIA GOLDINVESTINGMININGSILVER
We started as a 60 thousand ounces producer,
we’re up to 165 thousand ounces so our goal is to not only develop
the existing mines and
increase the production but also to go in more aggressively.
We are only working on ten percent of the concession.
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 and two processing
plants in operation at its Segovia and Marmato Operations.
Gran Colombia is currently in the midst of an expansion and modernization
project at its high grade, production stage Segovia Operations.
In recent years, Gran Colombia has successfully implemented a number of
cost savings initiatives, bringing its All-In Sustaining Cost (AISC) to
US850 per ounce in 2016 and expected to be below US900 in 2017.
Gran Colombia Gold is building the leading Colombia focused gold producer.
The Company is building a strong production growth profile through
exploration, development and bringing to production
gold projects in Colombia.
The Company’s focus is on the development of
the Segovia Gold & Silver Mines Operations and
Marmato projects to generate strong cash flows in the short,
medium and long term -
To be successful, Gran Colombia Gold must also be a positive agent of
change for the communities where it operates.
The Company can only succeed if the communities are changed in a positive
way and share in that success.
Gran Colombia’s success will drive positive change in the communities;
positive changes in health and safety, wages, pensions, the environment,
economic growth and diversity, education and stronger communities.
For more information on Gran Colombia Gold (GCM.TO)
please fill out the form below.
Request Investor Kit
http://www.grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
http://www.grancolombiagold.com/news-and-investors/events-and-presentations/webcasts/default.aspx
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
https://finance.yahoo.com/quote/GCM.TO/key-statistics?p=GCM.TO
http://www.grancolombiagold.com
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless
November 15, 2017
https://www.silverdoctors.com/gold/gold-news/harvey-organ-this-is-the-first-time-we-have-witnessed-queue-jumping-in-gold/
Gran Colombia Gold Reports Third Quarter 2017 Results; Raises 2017 Production Guidance
November 13, 2017
TORONTO, Nov. 13, 2017 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TSX:GCM)
announced today the release of its unaudited interim condensed
consolidated financial statements and accompanying management’s
discussion and analysis (MD&A) for the three and nine months ended
September 30, 2017.
All financial figures contained herein are expressed in U.S. dollars
(“USD”) unless otherwise noted.
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
Lombardo Paredes Arenas, Chief Executive Officer of Gran Colombia,
commenting on the Company’s results for the first nine months of 2017,
said,
“In the third quarter we faced some adversity as we dealt with the
challenges of the 42-day civil disruption in Segovia.
While our third quarter results were adversely impacted by the work
slowdown, we demonstrated our resiliency once operations returned to
normal in early September, rebounding with two of our best production
months this year.
We have since signed some new contracts with small mining cooperatives
in Segovia and negotiations are continuing with the rest.
We now believe our 2017 gold production will total between 165,000 to
170,000 ounces.”
Third Quarter and First Half 2017 Highlights
Gran Colombia has raised its annual gold production guidance for 2017 to
a range from 165,000 to 170,000 ounces from the previous guidance of
150,000 to 160,000 ounces.
Although gold production in the third quarter of 2017 of 37,039 ounces
was down 5% from the third quarter last year due to the impact of the
42-day civil disruption on the Segovia Operations, year-to-date gold
production of 122,122 ounces is up 12% over the first nine months of
2016.
With a further 16,995 ounces produced in October 2017, the trailing 12-
months’ total gold production as of the end of October 2017 stands at
166,995 ounces, up 11% over 2016’s annual production.
Revenue has been positively impacted this year by the increased level of
gold production compared with last year and is up 8% in the first nine
months of 2017 to $144.4 million.
Gold sales volume in the third quarter of 2017, adversely impacted by the
civil disruption at Segovia, and 4% lower spot gold prices in the third
quarter of 2017 compared with the third quarter last year, contributed
to a 17% year-over-year decline in third quarter revenue to $42.7
million in 2017.
With Segovia’s operations back to normal and spot gold prices in October
and the first half of November generally above $1,270 per ounce, Gran
Colombia is expecting stronger revenue performance in the fourth quarter
of 2017.
Gran Colombia’s total cash costs and all-in sustaining costs (“AISC”)
averaged $748 per ounce and $970 per ounce, respectively, in the third
quarter of 2017, reflecting the adverse impact of the reduced level of
production on fixed costs and capital spending on a per ounce basis.
This brings the average total cash costs and AISC for the first nine
months of 2017 to $720 per ounce and $927 per ounce, respectively,
compared with $699 per ounce and $832 per ounce, respectively, in the
first nine months of 2016.
Gran Colombia continues to expect that its total cash costs and AISC
averages for the full year will remain below $720 and about $900 per
ounce sold, respectively.
See the Company’s MD&A for the computation of these non-IFRS measures.
Gran Colombia’s trailing 12-months’ adjusted EBITDA stood at
$65.1 million at the end of September 2017.
Although adjusted EBITDA for the third quarter of 2017 was adversely
impacted by the factors that affected revenue and
total cash costs per ounce as outlined above, declining to
$13.8 million compared with $19.7 million in the third quarter last
year, the Company’s adjusted EBITDA for the first nine months of 2017
totaled $48.7 million compared with $49.6 million for the first nine
months last year.
See the Company’s MD&A for the computation of this non-IFRS measure.
The Company generated $2.3 million of Excess Cash Flow (see the Company’s
MD&A for the computation in accordance with the indentures for the
Senior Debentures) in the third quarter of 2017, bringing the total for
the first nine months of 2017 to $7.8 million.
Gran Colombia continues to expect to reach its guidance of $16 million of
Excess Cash Flow for the full year in 2017.
Gran Colombia continued to execute its strategy in the third quarter of
2017 to reduce its Senior Debentures ahead of maturity with its Excess
Cash Flow, repurchasing and cancelling an additional $0.7 million of
2020 Debentures at a discount under its Normal Course Issuer Bid
(“NCIB”) and completing a $3.0 million partial redemption at par of the
2020 Debentures on July 31, 2017.
Gran Colombia reported a net loss for the third quarter of 2017 of
$1.0 million, or $0.05 per share, compared with net income of
$8.1 million, or $0.52 per share, in the third quarter last year,
primarily reflecting the reduction in adjusted EBITDA compared with the
third quarter last year.
For the first nine months of 2017, net income was $34.3 million, or $1.70
per share, including a $35.5 million after-tax reversal ($1.76 per
share) of impairment related to the Segovia Operations.
Net income for the first nine months of 2016 was $19.0 million, or
$1.82 per share, including a $14.1 million after-tax gain
($1.35 per share) on financial instruments.
Adjusted net income for the third quarter of 2017 was $3.8 million,
or $0.19 per share, down from $8.1 million, or $0.52 per share,
in the third quarter last year, principally due to the lower adjusted
EBITDA offset partially by a reduction in adjusted income taxes.
For the first nine months of 2017, adjusted net income amounted to $11.0
million, or $0.55 per share, compared with $12.2 million, or
$1.17 per share, in the first nine months last year.
See the reconciliation in the Company’s MD&A for the computation of this
non-IFRS measure.
On October 4, 2017, Gran Colombia announced an updated Mineral Resource
Estimate for its Marmato Project, shifting focus for potential future
development from the previous open pit concept, and increasing cut-off
grades in anticipation of developing an expanded underground mining
operation.
Measured and Indicated Resources consist of 3.9 million ounces of gold
and Inferred Resources are 4.2 million ounces of gold.
In 2018, Gran Colombia intends to proceed with a preliminary economic
assessment for the Marmato Project and to perform additional drilling on
the deep mineralization to understand the deposit’s total mineral
potential.
Financial and Operating Summary
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
Gran Colombia Gold Provides Details for Its Third Quarter 2017 Results Webcast -
TORONTO, Nov. 06, 2017 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TSX:GCM) announced today that it will release
its financial results for the third quarter of 2017 after market close
on Monday, November 13, 2017 and will host a conference call and
webcast on Tuesday, November 14, 2017 at 8:30 a.m. Eastern Time to
discuss the results.
Webcast and call-in details are as follows:
Live Event link: https://edge.media-server.com/m6/p/wyndm7kc
International: 1 (514) 841-2157
North America Toll Free: 1 (866) 215-5508
Colombia Toll Free: 01 800 9 156 924
Conference ID: 45894608
A replay of the webcast will be available at www.grancolombiagold.com from Tuesday, November 14, 2017 until Thursday, December 14, 2017.
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 continuing an expansion and modernization project at
its Segovia Operations.
Additional information on Gran Colombia can be found on its website at
http://www.grancolombiagold.com
and by reviewing its profile on SEDAR at www.sedar.com.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2017/Gran-Colombia-Gold-Provides-Details-for-Its-Third-Quarter-2017-Results-Webcast/default.aspx
Source: Gran Colombia Gold
View all Press Releases
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136044033
JIM RICKARDS - $10,000 Gold Price Call Is Conservative Because It Could Easily Be $40,000 ~ ? ~
https://www.youtube.com/watch?v=LusbE8c8YOs
Forecaster Jim Rickards Trump is About to Shake Up the Fed And Markets -
https://www.youtube.com/watch?v=OnG38JMuOvg
Gold - Continuous Contract (EOD) ($GOLD) 3 month daily -
Gold - Continuous Contract (EOD) ($GOLD)daily ohlc -
Fibonacci price level correction -
Normal Fib correction -
E.g.,
Frequent reaction trends will be 62% of the previous trend -
new trend will often be 162% of the previous correction.
Gold - Continuous Contract (EOD) ($GOLD) weekly ChannelWars -
Gold - Continuous Contract (EOD) ($GOLD) monthly channel -
Gold - Continuous Contract (EOD) ($GOLD)23mth ma -
Gold - Continuous Contract (EOD) ($GOLD)daily wants to run -
Gold - Continuous Contract (EOD) ($GOLD)bullhorn pattern -
Gran Colombia Gold Corp. (GCM.CN) (TPRFF) Denver Gold Forum -
September 29, 2017 -
http://wsw.com/webcast/dgf17/gcm.to/presentationDownload.pdf
http://www.denvergoldforum.org/dgf17/company-webcast/GCM:CN/
BIG GROWTH FOR GOLD PRODUCER -
BY EDITOR
http://www.b-tv.com/gran-colombia-gold-commercial-30sec
EXPLORATIONGCM.TOGOLDGOLD PRODUCERGRAN COLOMBIAGRAN COLOMBIA GOLDINVESTINGMININGSILVER
We started as a 60 thousand ounces producer,
we’re up to 165 thousand ounces so our goal is to not only develop
the existing mines and
increase the production but also to go in more aggressively.
We are only working on ten percent of the concession.
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 and two processing
plants in operation at its Segovia and Marmato Operations.
Gran Colombia is currently in the midst of an expansion and modernization
project at its high grade, production stage Segovia Operations.
In recent years, Gran Colombia has successfully implemented a number of
cost savings initiatives, bringing its All-In Sustaining Cost (AISC) to
US850 per ounce in 2016 and expected to be below US900 in 2017.
Gran Colombia Gold is building the leading Colombia focused gold producer.
The Company is building a strong production growth profile through
exploration, development and bringing to production
gold projects in Colombia.
The Company’s focus is on the development of
the Segovia Gold & Silver Mines Operations and
Marmato projects to generate strong cash flows in the short,
medium and long term -
To be successful, Gran Colombia Gold must also be a positive agent of
change for the communities where it operates.
The Company can only succeed if the communities are changed in a positive
way and share in that success.
Gran Colombia’s success will drive positive change in the communities;
positive changes in health and safety, wages, pensions, the environment,
economic growth and diversity, education and stronger communities.
For more information on Gran Colombia Gold (GCM.TO)
please fill out the form below.
Request Investor Kit
http://www.grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
http://www.grancolombiagold.com/news-and-investors/events-and-presentations/webcasts/default.aspx
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
https://finance.yahoo.com/quote/GCM.TO/key-statistics?p=GCM.TO
http://www.grancolombiagold.com
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless
My opinions are my own and and DD I post should be confirmed as unbiased
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
