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GCM Mining: Merger with Aris Gold Creates a Mid-Tier Gold Producer with a Diversified Portfolio
||| GCM Mining to Combine with Aris Gold |||
https://www.gcm-mining.com/overview/default.aspx
GCM Mining Announces August 2022 Production
September 15, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-Announces-August-2022-Production/default.aspx
TORONTO, Sept. 15, 2022 (GLOBE NEWSWIRE) --
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 18,852 ounces of gold in August 2022, up from 17,377 ounces of gold in August last year. This brings the total gold production for the first eight months of 2022 to 139,952 ounces, up from 133,891 ounces in the first eight months last year. Segovia’s trailing 12-months’ total gold production at the end of August 2022 was 212,450 ounces, up about 3% over 2021. The Company remains on track to meet its annual production guidance for 2022 of between 210,000 and 225,000 ounces of gold.
Benefitting from the completion of the expansion of capacity at its Maria Dama processing plant at Segovia in August 2022, GCM Mining processed a total of 57,073 tonnes in the month, representing a daily processing rate of 1,841 tpd, compared with 50,245 tonnes and 1,621 tpd in August 2021. Segovia’s head grades averaged 11.3 g/t in August 2022 compared with 12.0 g/t in August last year. For the first eight months of 2022, a total of 401,394 tonnes (equivalent to 1,652 tpd) were processed at Segovia at an average head grade of 12.0 g/t compared with a total of 365,805 tonnes (equivalent to 1,505 tpd) at an average head grade of 12.7 g/t in the first eight months last year. Production activities in the Company’s mines and in the small-scale mines in its Segovia mining title in July and August were impacted by a temporary shortage in the supply of detonators for explosives. The situation is beginning to normalize and this should benefit production through the balance of the year.
The Company also processed an average of 107 tpd of tailings in August 2022 at its polymetallic plant at Segovia resulting in the production of approximately 133 tonnes of zinc concentrate and approximately 106 tonnes of lead concentrate. Payable production from the concentrates in August 2022 is estimated to total approximately 124,000 pounds of zinc, 137,000 pounds of lead, 9,900 ounces of silver and 128 ounces of gold. Actual payable quantities are subject to change and will be finalized once the concentrates are shipped. To date, the Company has produced a total of approximately 926 tonnes of lead concentrate and 1,071 tonnes of zinc concentrate which have been stockpiled. Transportation of the first concentrates to port has commenced this week and the first shipment to the international offtake customer is expected to take place before the end of September.
About GCM Mining Corp.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at
http://www.gcm-mining.com
and by reviewing its profile on SEDAR at www.sedar.com.
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-Announces-August-2022-Production/default.aspx
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to its production and production guidance and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2022 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@gcm-mining.com
Primary Logo
Source: GCM Mining Corp.
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https://www.gcm-mining.com/news-and-investors/press-releases/default.aspx
https://www.gcm-mining.com
God Bless
Independent Proxy Advisory Firms ISS and Glass Lewis Recommend
Shareholders Vote for the Proposed Combination of GCM Mining and Aris Gold
September 8, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/Independent-Proxy-Advisory-Firms-ISS-and-Glass-Lewis-Recommend-Shareholders-Vote-for-the-Proposed-Combination-of-GCM-Mining-and-Aris-Gold/default.aspx
TORONTO, Sept. 08, 2022 (GLOBE NEWSWIRE) --
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX:
TPRFF) announced today that the Company has received positive
recommendations from both Institutional Shareholder Services (“ISS”) and Glass
Lewis & Co., LLC (“Glass Lewis”) in support of the proposed plan of arrangement
of GCM Mining and Aris Gold Corporation (“Aris Gold”) announced on July 25,
2022.
ISS and Glass Lewis are leading independent, third-party proxy advisory firms who provide proxy voting recommendations to pension funds, investment managers, mutual funds, and other institutional shareholders.
In making their recommendation, ISS commented:
“The transaction makes strategic sense as the arrangement will create a combined company with a balanced portfolio of operating and development assets with increased scale and diversification, significant free cash flow to unlock shareholder value, and involves potential cost reduction synergies of approximately $10 million per year. In addition, the at-market-value merger is expected to provide the combined company with an opportunity to re-rate its share price, improved balance sheet and enhanced capital markets profile. In light of the reasonable strategic rationale and streamlined corporate structure with direct realizable synergies, shareholder approval of this resolution is warranted.”
Glass Lewis commented:
“In conclusion, we find the proposed arrangement both strategically and financially compelling, structured in a reasonable manner for GCM shareholders. The board appears to have formed a reasonable basis in determining that the acquisition of Aris Gold represents the best path forward to enhance shareholder value. The combined company will have complementary assets, enhanced financial and operational scale, a seasoned management team and board, and various opportunities to realize incremental value for shareholders. In sum, we believe shareholders are likely to realize greater value following the transaction than would otherwise be delivered under the Company's status quo. Moreover, having reviewed the terms of the transaction, we believe the all-stock merger consideration represents a reasonable and fair price for GCM to pay, considering the complementary nature of the assets and the prevailing market and transaction valuations recently observed in the gold mining industry. Therefore, we believe the proposed transaction represents an appropriate use of the Company's equity capital, given the value-creation opportunity presented by the transaction. Based on these factors, along with the support of the board, we believe the proposed share issuance for the acquisition is in the best interests of shareholders.“
The GCM Mining shareholder meeting will be held virtually via live audio webcast at
https://virtual-meetings.tsxtrust.com/1397
on September 19, 2022 at 8am PDT/11am EDT. GCM Mining shareholders
requiring assistance may contact GCM Mining’s proxy solicitation agent, Morrow
Sodali (Canada) Ltd., as follows:
Toll-free North America: 1-888-999-1787
Collect outside of North America: 1-289-695-3075
E-mail: assistance@morrowsodali.com
About GCM Mining
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at
http://www.gcm-mining.com
and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the transaction, the proposed plan of arrangement and GCM Mining’s shareholder meeting, and other anticipated business plans or strategies.
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/Independent-Proxy-Advisory-Firms-ISS-and-Glass-Lewis-Recommend-Shareholders-Vote-for-the-Proposed-Combination-of-GCM-Mining-and-Aris-Gold/default.aspx
Market likes the GCM - Aris merger
GCM closing off 1 penny on a 1300 point down day on the Dow,
large move lower in gold.
It presently is one of very few gold miners that are trading above
their 50 dma.
I'm looking forward to the finalizing of the merger next week.
There may be some institutions ready to pile in once the uncertainty
is gone. Trade volume next week will tell the tale of the tape. )
by tobinator
GCM Mining to Combine with Aris Gold
GCM Mining Corp. (formerly Gran Colombia Gold)
(TSX: GCM / OTCQX: TPRFF)
Accretive Acquisition to Drive Valuation Higher
BUY
https://www.researchfrc.com/wp-content/uploads/2022/08/GCM-Aug-2022-Update-1.pdf?vgo_ee=TMO54WfXmKl1gA%2FTEb1O1%2FlMy%2BOWWuyaZunZiCXh6gI%3D
Current Price: C$3.35
Fair Value: C$10.09
Risk: 3
Sector / Industry: Junior Mining Click here for more research on the company and to share your views
YTD 12M
Ret. -37% -27%
TSX -5% -1%
52 Week Range $3.13 - $6.13
Shares O/S 98M
Market Cap. $327M
Yield (forward) 5.4%
P/E (forward) 3.8x
P/B 0.5x
Key Financial Data (FYE - Dec 31)
US$ millions except EPS 2021 2022E 2023E
Revenues $382.61 $393.79 $383.29
Net Income $186.23 $68.37 $64.33
EPS (adj.) $0.91 $0.70 $0.66
Cash and cash equivalents $323.57 $252.63 $85.09
Working Capital $317.65 $266.11 $99.54
LT Debt $306.13 $306.13 $306.13
*See last page for important disclosures, rating and risk definitions. All figures in US$ unless otherwise specified.
Highlights
https://www.researchfrc.com/wp-content/uploads/2022/08/GCM-Aug-2022-Update-1.pdf?vgo_ee=TMO54WfXmKl1gA%2FTEb1O1%2FlMy%2BOWWuyaZunZiCXh6gI%3D
GCM Mining to Combine with Aris Gold
https://www.gcm-mining.com/news-and-investors/Aris-Gold-to-combine-with-GCM-Mining/
GCM Mining Corp. PowerPoint Presentation
https://s28.q4cdn.com/389315916/files/doc_downloads/2022/07/Aris-Gold-GCM-presentation-25-July-2022.pdf
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
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
GOLD STANDARD; THE REAL LEGAL MONEY:
https://www.cs.mcgill.ca/~rwest/wikispeedia/wpcd/wp/g/Gold_standard.htm#:~:text=Advocates%20of%20a%20variety%20of,basis%20for%20a%20monetary%20system.
https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
https://www.whatdoesitmean.com/index.htm
God Bless.
GCM Mining to Combine with Aris Gold
https://www.gcm-mining.com/news-and-investors/Aris-Gold-to-combine-with-GCM-Mining/
GCM Mining Corp. PowerPoint Presentation
https://s28.q4cdn.com/389315916/files/doc_downloads/2022/07/Aris-Gold-GCM-presentation-25-July-2022.pdf
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
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
GOLD STANDARD; THE REAL LEGAL MONEY:
https://www.cs.mcgill.ca/~rwest/wikispeedia/wpcd/wp/g/Gold_standard.htm#:~:text=Advocates%20of%20a%20variety%20of,basis%20for%20a%20monetary%20system.
https://www.usdebtclock.org/
https://www.worldometers.info/coronavirus/country/us/
https://www.whatdoesitmean.com/index.htm
God Bless.
I would be inclined to vote against a merger on those terms. Especially since it was a spin out of that company to begin with. I would however vote to remove and replace the entire board and management team!
GCM Mining to Combine with Aris Gold |||
Learn More
https://www.gcm-mining.com/overview/default.aspx
GCM Mining and Aris Gold File Joint Circular for Special Meetings of
Shareholders to Approve Business Combination
August 18, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-and-Aris-Gold-File-Joint-Circular-for-Special-Meetings-of-Shareholders-to-Approve-Business-Combination/default.aspx
TORONTO and VANCOUVER, British Columbia, Aug. 18, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM Mining) (TSX: GCM; OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS; OTCQX: ALLXF) announce they have filed the joint management information circular and related meeting materials in connection with their respective special meetings of shareholders to be held on September 19, 2022. The purpose of the meetings is to approve the proposed business combination of GCM Mining and Aris Gold announced on July 25, 2022. The combined entity will continue under the name Aris Mining Corporation and will be a gold producer with increased scale, increased diversification of operating and project development risk, have an improved capital markets profile, and reduced overhead costs.
Pursuant to the transaction, Aris Gold shareholders will receive 0.5 of one GCM Mining share for each Aris Gold share held. At closing, based on the respective share values at the date of announcement of the transaction, GCM Mining and Aris Gold shareholders (excluding the 44% of Aris Gold shares held by GCM Mining) will own approximately 74% and 26% of the combined entity, respectively, on a diluted in-the-money basis.
The Board of Directors of GCM Mining and the Board of Directors of Aris Gold have unanimously approved the transaction and recommend that shareholders vote in favour of the transaction at their respective meetings.
On August 16, 2022, Aris Gold obtained an interim order from the Supreme Court of British Columbia authorizing the holding of the Aris Gold special meeting of its shareholders and matters relating to the conduct of the Aris Gold Meeting. Mailing of the joint management information circular and related meeting materials will begin soon and shareholders of both GCM Mining and Aris Gold should receive them shortly. All of the meeting materials are available on GCM Mining’s website at http://www.gcm-mining.com
and on Aris Gold’s website at
http://www.arisgold.com ,
as well as on each company’s profile on SEDAR at www.sedar.com. GCM Mining and Aris Gold shareholders should carefully review all of the meeting materials as they contain important information concerning the transaction and the rights and entitlements of the shareholders thereunder.
Completion of the transaction is subject to customary conditions, including GCM Mining shareholder approval, Aris Gold shareholder approval, final approval from the Toronto Stock Exchange, and other regulatory approvals. The transaction is expected to close before the end of September 2022.
About GCM Mining
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada – Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found at www.gcm-mining.com and www.sedar.com.
About Aris Gold
Aris Gold is a Canadian mining company listed on the TSX under the symbol ARIS and on the OTCQX under the symbol ALLXF. The Company is led by an executive team with a demonstrated track record of creating value through building globally relevant gold mining companies. In Colombia, Aris Gold operates the 100%-owned Marmato mine, where a modernization and expansion program is under way, and as of April 12, 2022, operates the Soto Norte joint venture, where environmental licensing is advancing to develop a new gold mine. Aris Gold also owns the Juby project, an advanced exploration stage gold project in the Abitibi greenstone belt of Ontario, Canada. Aris Gold plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.
Additional information on Aris Gold can be found at www.arisgold.com and www.sedar.com.
Contact information
GCM Mining GCM Mining proxy solicitor
Mike Davies, Chief Financial Officer Morrow Sodali (Canada) Ltd.
+ 416.360.4653 toll-free North America 1-888-999-1787
investorrelations@gcm-mining.com collect outside North America 1-289-695-3075
assistance@morrowsodali.com
Aris Gold Aris Gold proxy solicitor
Tyron Breytenbach, SVP Capital Markets Laurel Hill Advisory Group
Meghan Brown, VP Investor Relations toll-free North America 1-877-452-7184
+ 778 899 0518 collect outside North America 1-416-304-0211
info@arisgold.com assistance@laurelhill.com
Forward-looking Information
This news release contains "forward-looking information" or "forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein are forward-looking, other than statements of historical fact, including without limitation statements relating to: approval by the GCM Mining and Aris Gold shareholders; the satisfaction of the conditions precedent to the transaction, and timing, receipt and anticipated effects of court, regulatory and other consents and approvals. Generally, the forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered. The material factors or assumptions used to develop forward-looking information or statements are disclosed throughout this news release.
Forward-looking information and forward-looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of GCM Mining, Aris Gold and the resulting entity to be materially different from those expressed or implied by such forward-looking information or forward-looking statement
Although GCM Mining and Aris Gold have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The forward-looking statements and forward-looking information are made as of the date hereof and each of GCM Mining and Aris Gold disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.
Source: GCM Mining Corp. and Aris Gold Corporation
Primary Logo
Source: GCM Mining Corp.
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GCM Mining Declares September 15, 2022 Monthly Dividend
August 17, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-Declares-September-15-2022-Monthly-Dividend/default.aspx
TORONTO, Aug. 17, 2022 (GLOBE NEWSWIRE) --
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX:
TPRFF) announced today that its Board of Directors has declared the next
monthly dividend of CA$0.015 per common share will be paid on September 15,
2022 to shareholders of record as of the close of business on August 31, 2022.
About GCM Mining Corp.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations.
Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024.
GCM Mining has equity interests in
Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato,
Soto Norte; Canada - Juby),
Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and
Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at
http://www.gcm-mining.com
and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the payment of dividends and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2022 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@gcm-mining.com
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-Declares-September-15-2022-Monthly-Dividend/default.aspx
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Source: GCM Mining Corp.
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GCM Mining: Merger with Aris Gold Creates a Mid-Tier Gold Producer with a
Diversified Portfolio
Aug 10, 2022 Following the finalization of the merger agreement between GCM
Mining and Aris Gold Corporation, subject to shareh…
Aris Gold and GCM Mining combine to create a leading Americas gold producer
View the July 25, 2022 news releasePDF Format (opens in new window)
View the presentation PDF Format (opens in new window)
https://www.arisgold.com/investors/Aris-Gold-to-combine-with-GCM-Mining/
https://s28.q4cdn.com/389315916/files/doc_downloads/2022/07/Aris-Gold-GCM-presentation-25-July-2022.pdf
Aris Gold Corp. (ALLXF)
https://www.arisgold.com
GCM Mining (TSX:GCM) & Aris Gold (TSX:ARIS) combine to become a top gold producer
Market News, Mining
TSX:GCM
https://themarketherald.ca/gcm-mining-and-aris-gold-combine-to-create-a-leading-americas-gold-producer-2-2022-07-25/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cquote_tab
Aris Gold Corporation (Aris Gold or the Company) (TSX: ARIS) (OTCQX: ALLXF)
Our Assets
In Colombia we operate the Marmato gold mine, where a modernization and major
expansion program is under way,
Marmato Mine
Marmato, Colombia
Following the discovery of a large porphyry mineralized zone below the historic
Marmato Mine, Aris Gold will build a modern long-life, low-cost, 175k oz/year gold
operation
Learn more
https://www.arisgold.com/operations/marmato-mine/overview/default.aspx
and the world class Soto Norte gold project;
Soto Norte Project Santander, Colombia
Tier 1 advanced development stage gold project undergoing permitting to construct
a mine capable of producing an average of 450k oz/year of gold at AISC of
US$471/oz over a 14-year mine life
Learn more
https://www.arisgold.com/overview/operations/Soto-Norte-Project/Overview/default.aspx
Aris Gold also operates the Juby project, an advanced exploration stage gold
project;
Juby Project
Ontario, Canada
Juby is an advanced exploration-stage project in the prolific gold producing Abitibi Greenstone belt region of Ontario.
Learn more
in the Abitibi Greenstone belt of Ontario, Canada.
https://www.arisgold.com/operations/juby-project/overview/default.aspx
https://www.arisgold.com/overview/default.aspx
Major shareholder; in ARIS;
GCM Mining also owns approximately 44% of Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato),
ARIS Latest News;
https://www.arisgold.com/overview/default.aspx
Corporate Presentation June 2022
https://www.arisgold.com/overview/default.aspx
Also a Major shareholder in Aris; Frank Guistra; . Video he taks about Aris and what he expects.
https://www.kitco.com/news/2022-05-05/Gold-price-is-manipulated-by-the-Fed-suspects-mining-tycoon-Frank-Giustra-but-suppression-can-t-last-forever.html
https://minesandmoney.com/connect/company/aris-gold
It doesn't matter! They soled a vast majority of it to Wheaton! Buy that instead!
$Aris Gold Announces Encouraging Results From Its Initial Drill Program at
the Juby Gold Project In Ontario
Aris Gold (CNW Group/Aris Gold Corporation)
NEWS PROVIDED BY
Aris Gold Corporation
Dec 07, 2021, 17:00 ET
SHARE THIS ARTICLE
VANCOUVER, BC, Dec. 7, 2021 /PRNewswire/ -
Aris Gold Corporation (Aris Gold or the Company) (TSX: ARIS) (OTCQX:
ALLXF) announces the encouraging results of its initial 10,000 metre (m)
drill program at its Juby gold project in the Abitibi greenstone belt of
Ontario.
https://www.prnewswire.com/news-releases/aris-gold-announces-encouraging-results-from-its-initial-drill-program-at-the-juby-gold-project-in-ontario-301439601.html
(TPRFF) GCM Mining Corp.; DOLLAR DEMISE: THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH
https://www.bitchute.com/video/QFBR0FGbAzi2/
https://investorshub.advfn.com/Gcm-Mining-Corp-30138
TM Great Buy Red Cloud raises target to C$18 (from C$13.25) for
GCM (prev. name; Gran Colombia Gold Corp.
https://cdn-ceo-ca.s3.amazonaws.com/1gqhn3n-20211201-GCM-Update-2.pdf
https://investorshub.advfn.com/Gcm-Mining-Corp-30138
Summary
Gran Colombia Gold changed its name to GCM Mining.
The updated Toroparu PEA confirms the world-class potential of the
project.
Toroparu should reach an average annual production rate of 225,000 toz
gold, at an AISC of $916/toz, over the 24-year mine life.
At a gold price of $1,500/toz, the after-tax NPV(5%) equals $794 million.
GCM Mining remains one of the most undervalued gold miners.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166970641
$In GOD We Trust - Real Money - AU Safety 6000yrs )
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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
https://www.usdebtclock.org/
God Bless
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Ps.
opinion appreciated
A complete summary of the mineralized intersections from the 2021 drill program can be found on the Company's website at www.arisgold.com.
About the Juby Project
The Juby project is an advanced exploration stage project located 15 km west of the town of Gowganda in Ontario, Canada, 150 km by road south-southeast of Timmins and 115 km by road southwest of Kirkland Lake. Site access and infrastructure is excellent with a major highway, local roads, and logging roads providing easy access to site, a power transmission line passing through the property, and abundant water.
The property is located in the Shining Tree area of the southern Abitibi greenstone belt, within 70 km of IAMGOLD's Côté Gold project and Alamos Gold's Young-Davidson mine. The leases extend for 11 km east-west and 9.5 km north-south, covering an area of 5,288 hectares, following the Tyrrell Shear Zone, which hosts all of the known deposits at the project, including the Juby Main Zone (JMZ), Golden Lake Zone (GLZ), Big Dome Zone (BDZ), and Hydro-Creek LaCarte Zone (HCLZ). The JMZ and GLZ deposits are hosted within moderate to steeply dipping, strongly altered and mineralized Porcupine sedimentary rocks, and the BDZ and HCLZ deposits are hosted in moderate to steeply dipping sheared and folded mafic to ultramafic volcanic rocks, sedimentary rocks, and porphyritic dykes of the Kidd-Munro assemblage.
The project currently has 405 drillholes for a total of 116,570 metres in the drilling database. The mineral resources for the Juby Project, effective July 14, 2020, are given in the table below.
Juby Project Mineral Resources (effective July 14, 2020)
Area
Category
Tonnes (Mt)
Grade (g/t Au)
Contained gold (oz)
Juby Main Zone and Golden
Lake Zone
Indicated
20.2
1.12
728,000
Inferred
41.5
0.99
1,319,000
Hydro Creek-LaCarte Zone
and Big Dome Zone
Indicated
1.1
1.31
45,000
Inferred
5.6
0.93
169,000
Total
Indicated
21.3
1.13
773,000
Inferred
47.1
0.98
1,488,000
Notes:
(1)
Mineral resources are not mineral reserves and have no demonstrated economic viability.
(2)
The mineral resource estimate was prepared by Allan Armitage, Ph.D., P.Geo. of SGS Geological Services, and Joe Campbell, B.Sc., P.Geo., Alan Sexton, M.Sc., P.Geo., and Duncan Studd, M.Sc. P.Geo. of GeoVector Management Inc, who are Qualified Persons as defined by National Instrument 43-101. Mr. Armitage, Campbell, Sexton, and Studd have reviewed and verified the drilling, sampling, assaying, and QAQC protocols and results, and are of the opinion that the sample recovery, preparation, analyses, and security protocols used for the mineral resource estimate are reliable for that purpose.
(3)
Totals may not add up due to rounding.
(4)
Mineral resources are reported above an optimized pit shell with a cut-off grade of 0.4 g/t gold, based on a metal price of USD$1,450 per ounce of gold, and a metallurgical recovery of 90%.
(5)
There are no known legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources.
Qualified Persons and Technical Information
Mineral resources are as defined by the Canadian Institute of Mining, Metallurgy, and Petroleum's 2014 Definition Standards for Mineral Resources & Mineral Reserves. Mineral resources are not mineral reserves and have no demonstrated economic viability. There are no mineral reserves estimated at the property at this time. There are no known legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources.
The mineral resource and geological information included in this news release is based on information included in the technical report entitled "Technical Report on the Updated Mineral Resource Estimate for the Juby Gold Project" dated October 5, 2020 with an effective date of July 14, 2020, and is available on the Company's website at www.arisgold.com and under the Company's SEDAR profile at www.sedar.com. The technical report was prepared by Allan Armitage, Ph.D., P.Geo. of SGS Geological Services, and Joe Campbell, B.Sc., P.Geo., Alan Sexton, M.Sc., P.Geo., and Duncan Studd, M.Sc. P.Geo. of GeoVector Management Inc, each of whom are independent of the Company within the meaning of NI 43-101 and are Qualified Persons as defined by National Instrument 43-101. Messrs. Armitage, Campbell, Sexton, and Studd have reviewed and verified the drilling, sampling, assaying, and QAQC protocols and results, and are of the opinion that the sample recovery, preparation, analyses, and security protocols used for the mineral resource estimate are reliable for that purpose.
All holes drilled during 2021 were NQ diameter diamond holes completed by RJLL Drilling of Rouyn-Noranda, Quebec. GeoVector provided geological and geotechnical logging services, and sample preparation and analyses were completed by ALS Global of Sudbury, Ontario. Drill core samples were cut in half with a diamond saw and one half of the core was placed in a sample bag with a sample tag. GeoVector inserted certified standard and blank samples every tenth sample for quality assurance / quality control (QAQC) purposes. No issues were noted in the QAQC results. The sample bags were zip tied shut and placed with other sample bags in larger bags and zip tied shut. The large bags were placed on a pallet and trucked to Manitoulin Transport of New Liskeard, Ontario, and from there to ALS Global of Sudbury, Ontario. At the laboratory the sample was crushed to 70% passing 2 mm and a 250 gram subsample was taken using a riffle splitter. The subsample was pulverized to 85% passing 75 microns. A 30 gram pulverized sub-sample was assayed for gold by fire assay with atomic absorption spectroscopy. Any sample with an assay greater than 10 g/t Au was re-assayed by fire assay with gravimetric finish on a 30 gram sample.
Pamela De Mark, P.Geo., Vice President Exploration of Aris Gold is a Qualified Person as defined by National Instrument 43-101, and has reviewed and verified the drilling, sampling, assaying, and QAQC protocols and results, and is of the opinion that the drilling, sampling, sample recovery, preparation, analyses, and security protocols for the drilling program are reliable. Ms. De Mark has reviewed and approved the technical information contained in this news release.
About Aris Gold
Aris Gold is a Canadian mining company listed on the TSX under the symbol ARIS and on the OTCQX under the symbol ALLXF. The Company is led by an executive team with a demonstrated track record of creating value through building globally relevant gold mining companies. Aris Gold operates the Marmato mine in Colombia, where a modernization and expansion program is under way, and the Juby project, an advanced exploration stage gold project in the Abitibi greenstone belt of Ontario, Canada. Aris Gold plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.
Additional information on Aris Gold can be found at www.arisgold.com and www.sedar.com.
Forward-looking Information
https://www.prnewswire.com/news-releases/aris-gold-announces-encouraging-results-from-its-initial-drill-program-at-the-juby-gold-project-in-ontario-301439601.html
$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.
ARIS GOLD ... extremely good resource update today ... nearly
8.5 million oz now only at Matmato and growing ....
+ Juby ARIS is sitting at about 10 million oz of gold ...
+start of construction of marmato Lower zone this months....
GCM own about 40% of ARIS ...
by kkkrrr
$Aris Gold Announces Plans to Start Marmato Lower Mine Construction and
Reports Increased Mineral Resource Estimate
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165759393
Gran Colombia Gold a gold producer listed TPRFF on the OTCOX and
the Toronto Stock Exchange with a proven track record
of mine building and operating in Latin America.
In Colombia, the Company is currently the largest underground gold and
silver producer with several mines in operation at its high-grade Segovia
Operations.
In Guyana, the Company is advancing the recently acquired Toroparu Project,
one of the largest undeveloped gold projects in the Americas.
The Company’s project pipeline also includes equity investments in several
listed issuers advancing minerals projects.
Learn More
https://www.grancolombiagold.com/overview/default.aspx
$Gran Colombia Gold Corp. (TPRFF)(GCM) Corporate Presentation - November 2021
https://grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
DOWNLOAD PDF(OPENS IN NEW WINDOW)
The U.S. dollar 'as we know it' will be dead in 10 yrs, bitcoin price
to hit $2 million in 5 yrs
70,882 views Oct 20, 2021
Kitco NEWS
Hard to make money if you already sold the gold!
Aris Gold Publishes Inaugural Sustainability Report
https://www.arisgold.com/news/news-details/2021/Aris-Gold-Publishes-Inaugural-Sustainability-Report/default.aspx
$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.
Aris Gold Corporation (TSX: ARIS) (OTCQX: ALLXF)
announces the publication of its first Sustainability Report highlighting its progress, initiatives and commitments in the areas of health, safety, environmental, social, and governance management for the calendar year 2020. The report is Aris Gold’s first annual disclosure of the Company’s approach and performance on a range of material environmental, social and governance (ESG) topics and the adoption of a new ESG governance strategy, as well as the Company’s plans and priorities for 2021 and beyond. The report is available on the Company’s website at
http://www.arisgold.com
under Sustainability.
Aris Gold’s 2020 Sustainability Report is guided by the Sustainability Accounting Standards Board (SASB) Metals & Mining Sustainability Accounting Standard. The Company will look to fully align sustainability metrics with SASB in future reporting years. It also demonstrates how Aris Gold’s approach aligns to select UN Sustainable Development Goals.
Aris Gold CEO Neil Woodyer stated: “We are very pleased to release our inaugural sustainability report. Although much of the information in this report covers our performance for the 2020 calendar year, we underwent a transformation in 2021, renaming the Company from Caldas Gold to Aris Gold, appointing a new Board of Directors and management team, establishing a growth strategy, and introducing new or updated ESG strategies and commitments. The report provides an opportunity to share how we plan to translate these changes into meaningful value for all stakeholders, including our workforce and community partners.”
About Aris Gold
Aris Gold is a Canadian mining company listed on the TSX and on the OTCQX. The Company is led by an executive team with a demonstrated track record of creating value through building globally relevant gold mining companies. Aris Gold operates the Marmato mine in Colombia, where a modernization and expansion program is under way, and the Juby project, an advanced exploration stage gold project in the Abitibi greenstone belt of Ontario, Canada. Aris Gold plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.
Posted August 31, 2021
Aris Gold Corp this morning announced that it has begun
planning for a drill program on its Juby Project within
the Abitibi greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
https://thedeepdive.ca/aris-gold-announces-10000-metre-drill-program-at-juby-project/
Aris Gold Corp (TSX: ARIS) this morning announced that it has begun
planning for a drill program on its Juby Project within the Abitibi
greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
The initial drill program is set to begin in the third quarter of 2021,
with the program targeting an extension between the Big Dome and Golden
Lake deposits, while also testing known high grade mineralized zones.
Currently, the project contains a 10 kilometre long strike which
follows the Tyrrell Shear Zone.
Presently, the 14,000 acre Juby property contains a mineral resource
estimate of 773,000 ounces of indicated gold within 21.3 million tonnes
based on an open pit model.
A further 1,488,000 ounces of inferred resource is contain within the
model, within 47.1 million tonnes. The estimate is based on a 0.4 g/t
cut-off, and was established via 105,861 metres of drilling within 379
holes.
Active exploration has not occurred on the property since 2018.
Aris Gold last traded at $2.30 on the TSX.
$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
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 America
Ps.
opinion appreciated
TIA
Look At What India’s Central Bank Just Said About Gold, Plus This Is
Why A Massive 5-10X Gold Revaluation Is Coming
bAugust 12, 2021
https://kingworldnews.com/look-at-what-indias-central-bank-just-said-about-gold-plus-this-is-why-a-massive-5-10x-gold-revaluation-is-coming/
$Gran Colombia Gold Corp. (TPRFF) Committed to Responsible Mining;
I haven't studied the deal, Lowjack....I merely post the FINRA changes.
Best o' luck though.
Was the deal made with Wheaton fiduciarily responsible to shareholders in your opinion?
$HOF thanks; Gran Colombia Gold Announces the Discovery of Two Additional High-
Grade Veins at Its El Silencio Mine at Its Segovia Operations
July 12, 2021
https://www.grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Gold-Announces-the-Discovery-of-Two-Additional-High-Grade-Veins-at-Its-El-Silencio-Mine-at-Its-Segovia-Operations/default.aspx
TORONTO, July 12, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today
high-grade intercepts from the first 59 diamond drill holes
totaling 10,229 meters of an in-fill drilling campaign that is being
carried out by the Company’s Mine Geology Department at
the El Silencio mine at its Segovia Operations.
This 23,000 meters drilling campaign, which commenced in 2020 and
will be completed this year, is focused on resource definition
within the underground mine developments of
the El Silencio mine and complements the previously
announced 60,000 meters drilling program being carried out in 2021
by the Company’s exploration team.
High-grade intercepts from two new veins recently discovered
by this in-fill drilling campaign at the El Silencio mine provide and
corroborate information of importance for the current and future
development of different sectors of this flagship mine.
$The best high-grade intercepts from these latest drill results at
the El Silencio mine include:
1040 Vein, new discovery:
137.44 g/t Au and 10.1 g/t Ag over 0.56 meters (ES-GM-U51-20);
1150 Vein, new discovery:
93.19 g/t Au and <0.3 g/t Ag over 0.54 meters (ES-GM-U59-20);
1180 Vein: 73.03 g/t Au and 32.0 g/t Ag over 0.30 meters (ES-GM-U49-20); and
Manto Vein: 44.49 g/t Au and 98.5 g/t Ag over 0.35 meters (ES-GM-U17-21).
https://www.grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Gold-Announces-the-Discovery-of-Two-Additional-High-Grade-Veins-at-Its-El-Silencio-Mine-at-Its-Segovia-Operations/default.aspx
$Latest Presentation
https://grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
$Golden cross forms in gold’s chart
Posted on July 8, 2021 by Opinion
MarketWatch/Mark DeCambre/7-6-2021
Gold Price
(Gold price, 50-day and 200-day moving averages)
Overlay chart showing the 50-day and 200-day averages crossing –
a TI bulliish indicator
$Gran Colombia Announces Results From the 2021 Drill Program at Its
Toroparu Project in Guyana; Confirms 4-Km Strike Length of Structurally
Controlled High-Grade Gold Mineralized Structures
July 6, 2021
TORONTO, July 06, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (“Gran Colombia”
or the “Company”) is pleased to announce results from the recently
completed Phase 2 diamond drill program at its 100%-owned
Toroparu Project in Western Guyana.
The 10,494 meters Phase 2 program was designed to confirm the
continuity of both the northwest oriented high-grade gold structures
and the cross cutting east-west high-grade structures that create a
repeatable pattern of intersecting zones amenable to underground mining
methods over the 4 kilometer strike length of the Toroparu Project1.
Serafino Iacono, Executive Chairman of Gran Colombia, commented,
“The discovery of the structural control of high-grade gold
mineralization at Toroparu has reaffirmed our confidence in the
npotential value of this project as one of our cornerstone assets.
The recently completed, two-phase diamond drill program comprised a
total of 20,750 meters in 114 drill holes and has confirmed
a 4-kilometer ("km") strike length of high-grade structurally
controlled gold mineralization at Toroparu.
In addition, the program identified a repeated pattern of intersections
of NW-SE and E-W oriented sub-vertical structures containing high-grade
zones extending over mineable widths up to 100 m vertically (“jewelry
boxes”)2 that support our belief that a high-grade resource amenable to
underground mining methods lies at the core of this very large,
disseminated gold deposit.
We are currently working with Nordmin to prepare an updated mineral
resource estimate and preliminary economic assessment (“PEA”)
incorporating the high-grade results from this latest drilling program.
We expect the PEA will be completed later this summer.”
Highlights
Assay results from the 2021 Phase 2 High-Grade Definition Drill Program
extend high-grade mineralization to the northwest of historical
drilling and confirm a 4-km overall strike length of Toroparu Deposit
Area (Figures 1 and 2).
Drill results identify several additional concentrations of high-grade
gold contained in intersecting NW-SE and E-W structures (“pipes”) that
occur in a repetitive pattern across the deposit (Figure 2).
These structural pipes exhibit continuity over 2 metre ("m") to 25 m
widths extending over 30 to 100 vertical metres and confirm the
potential for significant volumes of gold mineralization amenable to
underground mining methods exists along the 4 km Toroparu Deposit Area.
The high-grade mineralized pipes, ranging in grade from approximately
5 g/t gold ("Au") to greater than 20 g/t Au over potentially mineable
widths, are often surrounded by a lower grade (0.5 - 5.0 g/t Au) halo
of mineralized material. (Figure 5).
The high-grade gold grades intersected in structures range from
2.42 g/t Au to 101.7 g/t Au and have a length-weighted average grade of
6.7 g/t Au (uncut) over 113 m and 76 intervals highlighted in this
release (Table 1).
Since historical drilling has been limited to the upper 450 m of
vertical extension of the deposit, this remains open at depth across
the 4-km of strike length at depths that are relatively shallow for an
underground mine.
Results from the most northwest set of drill holes, which intersected
multiple high-grade intervals indicate that the high-grade structural
component of the deposit is still open along strike to the northwest.
Figure 1: 2020/2021 Drill Results
https://www.globenewswire.com/NewsRoom/AttachmentNg/cafe9a55-43f7-489c-ac04-00017211a672
2021 Phase 2 Drill Program - Drill Result Highlights (Figures 1 through 8)
Significant intercepts were encountered in 27 of the 42 holes drilled.
Highlights of best intercepts are presented in table below:
https://grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Results-From-the-2021-Drill-Program-at-Its-Toroparu-Project-in-Guyana-Confirms-4-Km-Strike-Length-of-Structurally-Controlled-High-Grade-Gold-Mineralized-Structures/default.aspx
welcome to; Gran Colombia Gold: Largest Colombian Gold Producer with Growth Plans
Jun 25, 2021
Paul giving you a following mark )
TIA
$HellephantOnFire thanks; Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.
Gran Colombia Announces Multiple High-Grade Drill Results From the
2021 In-Mine and Brownfield Drilling Campaigns at Its
Segovia Operations; Success Continues at the Brownfield Vera Project
Including 31.78 g/t Au and 8,150.0 g/t Ag Over 0.30 Meters
June 09, 2021
TORONTO, June 09, 2021 (GLOBE NEWSWIRE) --
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Multiple-High-Grade-Drill-Results-From-the-2021-In-Mine-and-Brownfield-Drilling-Campaigns-at-Its-Segovia-Operations-Success-Continues-at-the-Brownfield-Vera-Project-Including-31.78-gt-Au-and-8150.0-gt-Ag-Over-0.30-Meters/default.aspx
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (“Gran Colombia” or
the “Company”) announced today multiple high-grade intercepts from the
latest 62 diamond drill holes, totaling 13,056 meters, from the 2021
in-mine and near-mine drilling programs and a further 11 diamond drill
holes, totaling 3,190 meters, from the 2021 brownfield drilling
programs at its Segovia Operations.
The Company also announced the assay results from four additional kick-
off diamond drill holes (2,319 meters) from the ongoing directional
drilling program at the El Silencio Deep Zone.
Significant high-grade intercepts from the latest drill results include:
In-mine
Providencia: 211.68 g/t Au and 253.6 g/t Ag over 0.33 meters on the
Providencia Vein (PV-ES-008);
Sandra K: 147.91 g/t Au and 194.8 g/t Ag over 0.74 meters on the
Sandra K Techo Hanging Wall Vein (SK-IU-175);
Sandra K: 85.56 g/t Au and 262.1 g/t Ag over 1.32 meters on the
Sandra K Techo Vein (SK-IU-169);
Chumeca: 187.11 g/t Au and 242.2 g/t Ag over 0.43 meters on the Chumeca
Hanging Wall Vein (CH-IU-030);
El Silencio: 37.16 g/t Au and 52.5 g/t Ag over 0.55 meters on the 450
Vein (ES-MH08-02);
El Silencio: 23.25 g/t Au and 117.5 g/t Ag over 1.80 meters on the
Manto Vein (ES-MH08-02);
Brownfield
Vera: 15.39 g/t Au and 3,496.1 g/t Ag over 0.70 meters on the
Lluvias Vein (VER-ES-010); and,
Marmajito: 123.65 g/t Au and 172.60 Ag over 0.93 meters on the
Marmajito Vein (MAR-EU-003).
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Multiple-High-Grade-Drill-Results-From-the-2021-In-Mine-and-Brownfield-Drilling-Campaigns-at-Its-Segovia-Operations-Success-Continues-at-the-Brownfield-Vera-Project-Including-31.78-gt-Au-and-8150.0-gt-Ag-Over-0.30-Meters/default.aspx
GLDXF: effective June 8,2021 Gran Colombia Gold Corp acquired all of the
issued and outstanding common shares of Gold X Mng Corp.
For further information, refer to the Company's management information
circular in respect of the shareholder meeting held on May 27, 2021,
and its news releases dated May 20, 2021, May 27, 2021 and June 1, 2021.
FINRA will delete the symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Zihin (43.5 bil usd ) has a higher m.cap than Barrick 42.8
(Nem 59 ). Just for saying a bid on gcm would be pocket money for them.
$Red Cloud Update: C$17.25 Gran Colombia Gold Corp. (TPRFF)(TSX:GCM)
Gold X Acquisition Complete; Updating our Estimates
Corporate Update
June 8, 2021
(from ceo.ca)
https://cdn-ceo-ca.s3.amazonaws.com/1gbut4v-20210604-GCM-Update.pdf
post-tax NPV5% of $1,034M for the Toroparu project
(toro present value with 5% discount is a billion US dollars but market
gives it only C$200M or less)
ongoing project optimization that includes the discovery of continuous
high-grade gold bearing structures extending for +3 km in strike and +450m
in depth.
over time, as it advances, it should become more accretive as we increase
the multiple applied to;
$Toroparu (using a 1.0x multiple our target would
be ~C$22).
$Gold should rocket, along with silver and miners, soon.
$trunkmonk thanks; $4000 Gold – Insurance, A Hedge, An Investment
Kelsey Williams
$Gold Price vs Stock Market – 100 Year Chart
$Gold Price vs Stock Market – 20 Year Chart
$Gold Price vs Stock Market – 10 Year Chart
$Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
Thanks for the info $ALLXF
$Aris Gold Announces 10,000 Metre Drill Program At Juby Project, Ontario, Canada
Aris Gold Corp this morning announced that it has begun
planning for a drill program on its Juby Project within
the Abitibi greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
https://thedeepdive.ca/aris-gold-announces-10000-metre-drill-program-at-juby-project/
Aris Gold Corp (TSX: ARIS) this morning announced that it has begun
planning for a drill program on its Juby Project within the Abitibi
greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
The initial drill program is set to begin in the third quarter of 2021,
with the program targeting an extension between the Big Dome and Golden
Lake deposits, while also testing known high grade mineralized zones.
Currently, the project contains a 10 kilometre long strike which
follows the Tyrrell Shear Zone.
Presently, the 14,000 acre Juby property contains a mineral resource
estimate of 773,000 ounces of indicated gold within 21.3 million tonnes
based on an open pit model.
A further 1,488,000 ounces of inferred resource is contain within the
model, within 47.1 million tonnes. The estimate is based on a 0.4 g/t
cut-off, and was established via 105,861 metres of drilling within 379
holes.
Active exploration has not occurred on the property since 2018.
Aris Gold last traded at $2.30 on the TSX.
$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
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God Bless America
Ps.
opinion appreciated
$esi23 thanks; Gold X Obtains Final Order from B.C. Supreme Court...
Approving Plan of Arrangement with Gran Colombia Gold Corp. -
https://ca.finance.yahoo.com/news/gold-x-obtains-final-order-183100823.html
$trunkmonk thanks; Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
$HellephantOnFire thanks; interested in Gran Colombia Gold. indiscretions from china - ? -
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164111004
$600k oz per year??
$This is what Serafino said in a Northern Miner article
“Our goal in Segovia is, within the next four years,
to take production to 400,000 ounces.”
https://www.northernminer.com/global-mining-symposium/natural-resources-entrepreneur-serafino-iacono-shares-the-know-how-and-the-know-who/1003824914/
He explicitly says this for segovia alone.
He said this last year, long before the merger with goldx.
He must mean bringing some of the other 20 unexplored Segovia veins
into production.
If that is the case, adding Toroparu would make
the total 600k oz per year.
Institutions should like the bigger $500 mil market cap company
and greater than 500k oz production with diversified country.
When guy in guyana was profitable, it was given a high valuation
($800 mil market cap for only 200k oz production).
Some people think that is a better country for investment.
Q: does the polymetalic plant work with denarius ore?
It is polymetalic with silver and gold.
Truck some ore over, add a crusher, and GCM increases production
even more.
$Gran Colombia Announces Voting Results of the Annual General and Special
Meeting of Shareholders Held Today; Shareholders
Approve Gold X Acquisition )
May 27, 2021
TORONTO, May 27, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp.’s (TSX: GCM, OTCQX: TPRFF) Annual General and
Special Meeting of Shareholders was held today.
The detailed results of the votes for each matter to be acted upon
are set out below:
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Voting-Results-of-the-Annual-General-and-Special-Meeting-of-Shareholders-Held-Today-Shareholders-Approve-Gold-X-Acquisition/default.aspx
Update on Gold X Acquisition
Gran Colombia is also pleased to announce that, earlier today,
the shareholders of both the Company and
Gold X approved the proposed Arrangement under which
the Company will acquire all of the issued and outstanding
common shares of Gold X not already owned by the Company
in exchange for Gran Colombia common shares on
the basis of 0.6948 of a Gran Colombia share
for each Gold X share.
Gold X expects to apply for a final order of the Supreme Court of
British Columbia approving the Arrangement on or about June 1, 2021
(the “Final Order”).
Subject to receipt of the Final Order, as well as the satisfaction or
waiver of other customary closing conditions,
Gold X and the Company expect that the Arrangement will become
effective at 12:01 a.m. on June 4, 2021.
$About Gran Colombia Gold Corp.
$Gran Colombia is a Canadian-based mid-tier gold producer with its
primary focus in Colombia where it is currently the largest underground
gold and silver producer with several mines in operation at its high-
grade Segovia Operations.
Gran Colombia’s portfolio includes equity positions in several listed
companies advancing gold and silver projects including
a 44.3% equity interest in Aris Gold Corporation (TSX: ARIS)
(Colombia – Marmato; Canada – Juby),
a 17.8% equity interest in Gold X Mining Corp. (TSX-V: GLDX) (Guyana –
Toroparu),
a 27.3% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain –
Lomero; Colombia – Guia Antigua and Zancudo) and
a 25.8% equity interest in Western Atlas Resources Inc. (TSX-V: WA) b(Nunavut – Meadowbank).
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
Cautionary Statement on Forward-Looking Information:
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Voting-Results-of-the-Annual-General-and-Special-Meeting-of-Shareholders-Held-Today-Shareholders-Approve-Gold-X-Acquisition/default.aspx
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164077344
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
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 America
Ps.
opinion appreciated
TIA
Thanks for the reply and info.
$Gran Colombia Announces Voting Results of the Annual General and Special
Meeting of Shareholders Held Today; Shareholders
Approve Gold X Acquisition )
May 27, 2021
TORONTO, May 27, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp.’s (TSX: GCM, OTCQX: TPRFF) Annual General and
Special Meeting of Shareholders was held today.
The detailed results of the votes for each matter to be acted upon
are set out below:
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Voting-Results-of-the-Annual-General-and-Special-Meeting-of-Shareholders-Held-Today-Shareholders-Approve-Gold-X-Acquisition/default.aspx
Update on Gold X Acquisition
Gran Colombia is also pleased to announce that, earlier today,
the shareholders of both the Company and
Gold X approved the proposed Arrangement under which
the Company will acquire all of the issued and outstanding
common shares of Gold X not already owned by the Company
in exchange for Gran Colombia common shares on
the basis of 0.6948 of a Gran Colombia share
for each Gold X share.
Gold X expects to apply for a final order of the Supreme Court of
British Columbia approving the Arrangement on or about June 1, 2021
(the “Final Order”).
Subject to receipt of the Final Order, as well as the satisfaction or
waiver of other customary closing conditions,
Gold X and the Company expect that the Arrangement will become
effective at 12:01 a.m. on June 4, 2021.
$About Gran Colombia Gold Corp.
$Gran Colombia is a Canadian-based mid-tier gold producer with its
primary focus in Colombia where it is currently the largest underground
gold and silver producer with several mines in operation at its high-
grade Segovia Operations.
Gran Colombia’s portfolio includes equity positions in several listed
companies advancing gold and silver projects including
a 44.3% equity interest in Aris Gold Corporation (TSX: ARIS)
(Colombia – Marmato; Canada – Juby),
a 17.8% equity interest in Gold X Mining Corp. (TSX-V: GLDX) (Guyana –
Toroparu),
a 27.3% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain –
Lomero; Colombia – Guia Antigua and Zancudo) and
a 25.8% equity interest in Western Atlas Resources Inc. (TSX-V: WA) b(Nunavut – Meadowbank).
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
Cautionary Statement on Forward-Looking Information:
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Voting-Results-of-the-Annual-General-and-Special-Meeting-of-Shareholders-Held-Today-Shareholders-Approve-Gold-X-Acquisition/default.aspx
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164077344
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
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 America
Ps.
opinion appreciated
TIA
How does AGC share structure look major gold fan here
$esi23 thanks; $Monthly BIG picture L@@K at $GOLD
proper TA schooled all the EXPERTS = REALITY )
https://tinyurl.com/2vx5mz95
https://fisherpreciousmetals.com/83-analysts-believe-gold-will-go-parabolic-to-between-2500-and-15000/
$Gran Colombia Gold Corp. (TPRFF)(GCM.TO)
Toronto - Toronto Real Time Price. Currency in CAD
Add to watchlist
Quote Lookup
5.24+0.21 (+4.17%)
At close: 4:00PM EDT
https://finance.yahoo.com/quote/GCM.TO/
https://finance.yahoo.com/news/gran-colombia-gold-corp-host-111500596.html
$Gran Colombia Gold Corp. (TPRFF) $2.02 earnings per share
https://resourceworld.com/gran-colombia-gold-a-south-american-producer-with-highly-prospective-holdings/
$Gran Colombia Announces First Quarter 2021 Results; Files National
Instrument 43-101 Technical Report for Its Segovia Operations
May 13, 2021
TORONTO, May 13, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today the
release of its unaudited interim condensed consolidated financial
statements and accompanying management’s discussion and analysis (MD&A)
for the three months ended March 31, 2021.
All financial figures contained herein are expressed in U.S. dollars
(“USD”) unless otherwise noted.
First Quarter 2021 Highlights
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-First-Quarter-2021-Results-Files-National-Instrument-43-101-Technical-Report-for-Its-Segovia-Operations/
$Q1 $2.02 earnings per share;
a whopping $2.02 earnings per share in a single quarter for a $5 stock.
all those quarters in the past GCM got punished for having a loss from
non-cash charges.
Now that the opposite happens, shouldn't GCM get rewarded for a change?
as i said last q, share price rising from $6 to $8 gave them a big non-
cash charge.
Q1 dropping from $8 to $6 gave them a gain.
GCM should only get better going forward.
$11.2 million VAT refund finally received in q2 to boost cash.
no more drag from Marmato.
Expansion to 2000 tpd drops aisc further and increases production.
q1 is always lowest production q.
tailings recovery project adds to earnings.
lower interest to pay on smaller debt.
those millions of shares short better run for cover!
RE: Q1 $2.02 earnings per share
financial sites with misleading negative earnings numbers for GCM for
over a year should finally turn positive, unless they decide to cheat
and not update the numbers.
By invest234
$Gran Colombia Gold Corp., Colombia's Largest Gold Producer, CEO Clip Video
T.GCM | 2 days ago
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2021) -
$Gran Colombia Gold Corp. (TSX: GCM) (OTCQX: TPRFF) -
ESG Corporate Manager, Sasha Villoza speaks about how Colombia's
largest underground gold and silver producer is being a responsible
steward of the environment.
If you cannot view the video above, please visit:
https://b-tv.com/gran-colombia-gold-producer-ceo-clip-90sec/
Gran Colombia is being featured on BNN Bloomberg on May 1st - May 2nd.
Gran Colombia Gold Corp. (TSX: GCM) (OTCQX: TPRFF)
http://www.grancolombiagold.com
$TPRFF Is This Cheapest Gold Company in the World? Gran Colombia Gold (GCM) Company Analysis 2021
•Apr 26, 2021
$esi23' welcome to 'Aris Gold Corp. (ALLXF) & Gran Colombia’s portfolio
includes equity positions in several listed companies advancing gold and
silver projects including a 44.3% equity interest in
Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato;
Canada – Juby),
an 17.8% equity interest in Gold X Mining Corp. (TSX-V:
GLDX) (Guyana – Toroparu),
a 27.3% equity interest in
Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero; Colombia –
Guia Antigua and Zancudo) and a
25.8% equity interest in Western Atlas Resources Inc. (TSX-V: WA)
(Nunavut – Meadowbank).
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163822340
Gran Colombia’s Segovia produced more than 220,000 oz. of gold last year.
(This article first appeared in the Canadian Mining Journal)
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Gold-Provides-Exploration-Update-for-Its-Segovia-Operations/default.aspx
http://www.grancolombiagold.com/Home/default.aspx
http://www.grancolombiagold.com/operations-and-projects/colombia/default.aspx
http://www.grancolombiagold.com/news-and-investors/events-and-presentations/events-calendar/default.aspx
http://www.grancolombiagold.com/news-and-investors/Videos/default.aspx
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Acquisition-of-Approximately-36-Equity-Interest-in-Denarius-Silver-Corp/default.aspx
http://www.grancolombiagold.com/news-and-investors/market-information/default.aspx#dividends
http://www.grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
In GOD We Trust - Real Money -
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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 America
Ps.
opinion appreciated
TIA
Joining the party here NYBob. Taking a break on traditional stocks w this inflation. Go gold$$
DAVID GAROFALO - FIAT DAY OF RECKONING COMING, NEW CURRENCY SYSTEM BUILT BY THE PEOPLE, WATCH GOLD
WATCH
https://www.bitchute.com/video/zr3wxXawUnb3/
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$40-YEAR CHART PROOF: GOLD & SILVER POISED FOR **HISTORIC** BREAKOUT!
Neil Woodyer, CEO of Aris Gold Corp joins me to discuss this extremely
undervalued company which may well be Neil's third home run in a career
filled with billion dollar mining…
WATCH
https://www.bitchute.com/video/mMjhfhmPfQ3p/
$We can take our production to 400,000 oz a year fairly easily” -
$Gran Colombia Gold TPRFF (GCM.TSE)
13,523 views•Mar 29, 2021
$We can take our production to 400,000 oz a year fairly easily” -
$Gran Colombia Gold TPRFF (GCM.TSE)
13,523 views•Mar 29, 2021
ALLXF: effective Feb. 8,2021 Caldas Gold Corp. will change to Aris Gold Corp.:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
ARIS GOLD Video -
https://www.arisgold.com/operations/marmato-mine/videos/default.aspx
Aris Gold (Formerly Caldas Gold) Announces Change of Management and Board and Unveils Growth Strategy
February 04, 2021
DOWNLOADPDF FORMAT (OPENS IN NEW WINDOW)
VANCOUVER, British Columbia, Feb. 04, 2021 (GLOBE NEWSWIRE) --
Aris Gold Corporation (Aris Gold or the Company) (TSX-V: CGC; OTCQX: ALLXF) announces that Caldas Gold Corp. has been renamed Aris Gold and the new Board of Directors and management team are in place. In addition, the net proceeds from the C$85 million private placement led by the incoming Board and management team and the US$83 million of gold-linked notes have been released from escrow. It is expected that the Company’s shares and warrants will begin trading under the symbols “ARIS” and “ARIS.WT” on February 8, 2021. These corporate changes and escrow releases follow formal receipt of the 30-year mine licence extension for the Marmato mine in Colombia, as described in Caldas Gold’s January 5, 2021 news release.
The new management team is led by CEO Neil Woodyer, who is supported by an independent Board of Directors led by Chairman Ian Telfer. New Directors also include recognized industry leaders Peter Marrone, David Garofalo, Daniela Cambone, and Attie Roux who join Gran Colombia Gold nominees, Serafino Iacono and Hernan Martinez, both of whom have extensive experience in Colombia. Frank Giustra will act as a strategic advisor to the Board.
The incoming Board and management team’s vision is to build Aris Gold into their next globally relevant gold producer after success creating several leading mining companies, including Wheaton River Minerals, Goldcorp (now Newmont), Yamana Gold, Endeavour Mining and Leagold Mining (now Equinox Gold).
In addition, Aris Gold has received conditional approval for the listing of its common shares and warrants on the Toronto Stock Exchange. The listing is subject to the satisfaction of certain customary listing conditions and final acceptance by the TSX. Aris Gold will issue a news release once the TSX confirms the date when trading is expected to commence on the TSX.
Aris Gold CEO Neil Woodyer commented: “We identified Caldas Gold as an attractive entry point with a strong base, with assets in Colombia and Canada from which we plan to build our next gold company. Our C$85 million investment has filled the funding gap for the Marmato mine expansion where production will be increased to over 150koz gold per year. The recent PFS demonstrates a potential mine life of 13 years from current mineral reserves, and ongoing exploration success continues to demonstrate significant upside. We are implementing a comprehensive project development plan that includes completing optimization studies, updating mineral resources and reserves, currently negotiating the appointment of an EPCM contractor, and continuing to advance health, safety, and community support programs. We expect the Marmato mine will deliver outstanding value to all stakeholders, including our mine workforce and community partners.
“We plan to continue to pursue a strategy of acquiring operating gold mines and projects nearing construction. We aim to create value through adding scale and diversification, mine and corporate-level optimizations, investing in expansions and near-mine exploration, and active portfolio management. Aris Gold is launching from a solid foundation, a strong financial position, and with a highly experienced team that will ‘do it again’.”
New Management
The incoming management team has a successful track record of creating long-term shareholder value by building companies with strong financial performance, production growth, disciplined capital management and a commitment to sustainability. The management team is led by Neil Woodyer, CEO; Doug Bowlby, SVP Corporate; Andrew Gubbels, SVP Corporate Development; Ashley Baker, General Counsel and Corporate Secretary; Robert Eckford, VP Finance and CFO, and Meghan Brown, VP Investor Relations. The management team will be supported by Attie Roux, Richard Thomas and Lombardo Paredes as Technical Consultants.
New Website and Corporate Governance Policies
Aris Gold has launched a corporate website at www.arisgold.com. This website contains information about the Company, its operations and projects, and its commitments to corporate governance and sustainability practices. Copies of the Company’s governance policies including the Business Conduct and Ethics Policy and Sustainability Policy together with the mandates of the Board of Directors and charters of each of the Committees of the Board are available for download on the Company’s website.
About Aris Gold
Aris Gold is a Canadian mining company currently listed on the TSX Venture Exchange under the symbol “CGC”. The Company is led by an executive team with a demonstrated track record of creating value through building globally relevant gold mining companies. Aris Gold operates the Marmato mine in Colombia, where a modernization and expansion program is underway, and the Juby project, an advanced exploration stage gold project in the Abitibi greenstone belt of Ontario, Canada. Aris Gold plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.
Additional information on Aris Gold can be found at www.arisgold.com and www.sedar.com.
For further information, contact:
Meghan Brown
Vice President, Investor Relations
e info@arisgold.com
t + 778.899.0518
Forward-Looking Information
This news release contains "forward-looking information" or forward-looking statements” within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including without limitation statements relating to Aris Gold team’s vision and strategy, Aris Gold’s growth prospects and the anticipated listing of Aris Gold’s common shares and warrants on the TSX are forward-looking. Generally, the forward-looking information and forward looking statements can be identified by the use of forward looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, “will continue” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Statements concerning mineral resource estimates may also be deemed to constitute forward looking information to the extent that they involve estimates of the mineralization that will be encountered. The material factors or assumptions used to develop forward looking information or statements are disclosed throughout this presentation.
Forward looking information and forward looking statements, while based on management’s best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Gold to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to: the ability of the Aris Gold management team to successfully integrate with the current operations, risks related to international operations, risks related to general economic conditions, uncertainties relating to operations during the COVID-19 pandemic, actual results of current exploration activities, availability of quality assets that will add scale, diversification and complement Aris Gold’s growth trajectory; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; the ability to convert mineral resources to mineral reserves; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, risks associated with holding derivative instruments (such as credit risks, market liquidity risk and mark-to-market risk), possible variations in mineral reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; changes in national and local government legislation, taxation, controls, regulations, regulations and political or economic developments in Canada or Colombia, accidents and operations, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in obtaining governmental approvals including obtaining required environmental and other licenses, or in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which the Company operates, as well as those factors discussed in the section entitled “Risk Factors” in Aris Gold’s most recent AIF available on SEDAR at www.sedar.com.
Although Aris Gold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company has and continues to disclose in its Management’s Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aris Gold disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.
This announcement does not constitute an offer of securities for sale in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933 as amended (the “Securities Act”) and the rules and regulations thereunder. The securities referred to herein have not been registered pursuant to the Securities Act and there is no intention to register any of the securities in the United States or to conduct a public offering of securities in the United States.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Primary Logo
Source: Aris Gold Corporation
VIEW ALL NEWS
Caldas Gold Corp. V.CGC
Alternate Symbol(s): ALLXF | V.CGC.W | CLGDF
https://www.arisgold.com/
Caldas Gold Provides Update on Extension of Marmato Mining Title
January 05, 2021
DOWNLOADPDF FORMAT (OPENS IN NEW WINDOW)
TORONTO, Jan. 05, 2021 (GLOBE NEWSWIRE) --
https://www.arisgold.com/news/news-details/2021/Caldas-Gold-Provides-Update-on-Extension-of-Marmato-Mining-Title/default.aspx
Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF) provided an update today on the certification status of the proceedings related to its request for a 30-year extension of its Marmato mining contract 014-89M which is set to expire in October of this year. Following several work sessions in which the technical, legal, social, environmental and economic information was presented as the basis for the Company’s extension request, the Company has reached agreement with the Agencia Nacional de Mineria (“ANM”) on the economic conditions as summarized below. The ANM has indicated that its process related to the technical information and finalization of the legal documents for the extension will be completed by mid-January.
Serafino Iacono, Chairman and CEO of Caldas Gold, commenting on the extension update, said, “We are very pleased with the cooperative manner in which our mining title extension request is being handled. It is clear that all parties understand the importance of this project to the nation, the Department of Caldas, the local community at Marmato and to our investors. We look forward to a successful conclusion of the extension process later this month, enabling us to bring the Aris Gold transaction to a close and to move ahead more aggressively with the MDZ expansion by accessing funds available under the Wheaton Precious Metals’ stream and being held in escrow from our Gold Notes financing.”
The key economic conditions associated with the approval of the extension request include:
An increase in the royalty rate paid to the ANM on gold production, currently 6% of revenue, to 7%. The ANM royalty on silver revenue will remain at 8%;
An ongoing commitment to fund annual social investment based on a rate of US$25 per ounce produced, adjusted annually based on changes in the US CPI Index, and subject to an annual minimum of US$300,000, which is also indexed annually based on the US CPI Index; and
A contract premium of US$6 million to be paid over a four-year period, indexed annually based on the US CPI Index.
About Caldas Gold Corp.
Caldas Gold is a Canadian junior mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato Project in the Department of Caldas, Colombia. Caldas Gold also owns 100% of the Juby Project, an advanced exploration-stage gold project located within the Shining Tree area in the southern part of the Abitibi greenstone belt about 100 km south-southeast of the Timmins gold camp.
Additional information on Caldas Gold can be found on its website at www.caldasgold.ca and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Caldas Gold. Forward-looking statements in this press release, which are all statements other than statements of historical fact, include, but are not limited to the extension, and timing thereof, of the Company’s Marmato mining title and anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Caldas Gold to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include the other risk factors as described under the caption "Risk Factors" in the Company's annual information form for the financial year ended December 31, 2019 dated as of August 17, 2020 which is available for view on SEDAR at www.sedar.com . Forward-looking statements contained herein are made as of the date of this press release and Caldas Gold disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@caldasgold.ca
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Source: Caldas Gold Corporation
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Caldas Gold Corp. V.CGC
Alternate Symbol(s): ALLXF | V.CGC.W | CLGDF
https://www.arisgold.com/
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