RE; Gran Colombia Gold (TSX: GCM) - TOP 3 globally @ 17g/t. $540 AISC. PAY ATTENTION TO THIS COMPANY -
CRUX Investor Published on 13 Aug 2019 The highlights from the Interview with Serafino Iacono, Chairman of gold producer Gran Colombia Gold(TSX:GCM).
Segovia - they operate 3 or 23 gold mines in a concession. They own the mineral rights and the land so they don't pay any Royalties.
Producing over 193,000 oz of gold per annum.
Marmato - they changed the design of the mine to an underground mine.
Producing 30,000oz of gold rising to 180,000oz.
A very clever group who have come up with innovate ways (eg: issuing Bonds) to finance this company in to a mid-tier gold producer. Listen to the terms of the Bond and how quickly they are paying back their debt.
Marmato coming online will take this company to +400,000oz gold production.
Phenomenal team. growing at 15%-20% grows for the last 4 yrs and that was before the recent hike in gold prices.
They are anti-dilutive. Management hold a significant percentage 20-22%. They have put a large amount of their own money in to this.
Genuinely one of the smartest, most nimble management teams we have met. You need to look at this gold producer seriously. We are.
Serafino discusses:
1) Their two assets: Segovia (193,000oz producer) and Marmato (30,000oz producer)
2) AISC down from $1,100 to $540
3) The Bond with Canada: investors get all of the $1,250 of Gold's upside
4) Finances: Cash, tight hold on shares, the balance sheet and repaying debt
trunkmonk well, Gran Colombia Gold Corp. (GCM)(TPRFF) a first target $9 > > Higher BreakOut is a Start and a Long OverDue its very oversold and undervalued -
Gran Colombia TPRFF a step closer to get their rich Venezuela gold mines returned back, for the share price been more than >$800.-/share before -
The latest sanctions are an attempt to cut off funding for President Nicholas Maduro.
Opposition Leader Juan Guaido supports the measures, saying they put pressure on Maduro's "dictatorship" -
Guaido has told TPRFF that the mines will be returned and he want help to restart them all - Al Jazeera's Teresa Bo sat down with Juan Guaido in Caracas.
trunkmonk well, Gran Colombia Gold Corp. (GCM)(TPRFF) a first target $9 > > Higher BreakOut is a start and a Long OverDue its very oversold and undervalued -
Jim Rickards: $10,000 Gold Is Coming (RERUN) - 11,708 views Kitco NEWS Published on 8 Aug 2019
Gold has been one of the best performing assets in 2017, and Jim Rickards, best-selling author of Currency Wars told Kitco News that he saw even more potential for the yellow metal.
Rickards credited rising geopolitical tensions as a source of gold's tailwinds.
"People seem to have very short attention spans. I’m just looking down the road and you can see the war is coming," he said.
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.