Frank Holmes, CEO-U.S. Global Investors, loves Gran-Colombia Says he "loves" Gran Colombia and says that they've turned the corner and they're undervalued compared to other 150,000 oz gold producers.
Gran Colombia Gold Corp. (TPRFF/GCM) 2017 production result -
Last year they put out 2016 production on January 10.
It may come at any time soon the same this year? -
Gran Colombia Gold Corp. (TPRFF) TI Golden Cross train - ex.
TI golden cross right train to profitville I am comfy in trust - TPRFF clean out 666 mercury to save HIS people - :-))
Gran Colombia Provides Production Update for November 2017; Remains on Track With 2017 Annual Production Guidance - December 19, 2017 TORONTO, Dec. 19, 2017 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TSX:GCM) announced today that it produced a total of 15,841 ounces of gold in the month of November bringing the year-to-date total to 154,959 ounces. The trailing 12 months’ total gold production as of the end of November 2017 now stands at 169,777 ounces, up 13% over 2016’s annual gold production. With one month remaining in 2017, the Company remains on track with its recently revised production guidance for the full year of 165,000 to 170,000 ounces of gold.
The Segovia Operations produced 13,797 ounces of gold in the month of November bringing the 11-months year-to-date total to 131,729 ounces. Company-operated production at the Providencia mine continued in line with the trend this year and the Company also benefitted from additional material from contract miners under new operating contracts entered into since August under which Gran Colombia is retaining between 10% and 60% of the spot price for each ounce of gold produced. The trailing 12 months’ total gold production as of the end of November 2017 at Segovia was 144,512 ounces, up 14% over 2016’s annual gold production and within the Company’s revised production guidance range for the 2017 calendar year at Segovia of 140,000 to 145,000 ounces.
At the Marmato Operations, gold production amounted to 2,044 ounces in the month of November bringing the 11-months year-to-date total to 23,230 ounces. Marmato’s trailing 12 months’ gold production at the end of November 2017 was 25,265 ounces, up 8% over its 2016 annual production.
The Company continues to expect Marmato’s annual gold production for 2017 will range between 24,000 and 26,000 ounces.
About Gran Colombia Gold Corp.
Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. Gran Colombia is continuing its expansion and modernization activities at its high-grade Segovia Operations.
Additional information on Gran Colombia can be found on its website at http://www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information",.... the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Please Contact: Mike Davies Chief Financial Officer (416) 360-4653 investorrelations@grancolombiagold.com
I have a nice profit and still like Gran, with their 1.7 P/E or so Gran can 4 bag in 2018 as gold is perking going over 1300 and mining stocks in general starting a rally. geodan thank you good info :-))
Ex. Gran Colombia Gold Corp. {TSE:GCM) E.g., in 2010 - the GCM share price above $50.--/share in market value -
GCM should have fair market value higer today than for 5yrs ago because --
E.g., a few - - GMC has found higher gold reserve currently vs. 2010 - - GMC producing higher gold production today vs. 2010 - - GMC has bought out many more artisan gold mines today vs. 2010 - - GMC has lowered the gold production cost per ounce vs. 2010 - - GMC has made the gold mines operations more safe for mine workers - - GMC has much less problems with the rebels for Colombia government - made peace agreements with the rebel groups and made Colombia much - more safe for all people and business operations in Colombia today - vs. as it used to be in 2010 when GCM share price market value were - above $50.--/share -
Note .... The gold bull market in the 1970s and 1980s happened even as the Fed tested record-high interest rates. The yield on the 30-year Treasury bond rallied sharply during the late 1970s, eventually topping 15% in 1981. Gold rallied from about $100 per ounce in 1976 to over $850 per ounce in 1980.
Brandon White: Gold is getting top bank asset status in Canada -
Submitted by cpowell on 12:43AM ET Saturday, January 13, 2018. Section: Daily Dispatches 7:43p ET Friday, January 12, 2018
Dear Friend of GATA and Gold:
In his weekly "This Week in 3 Minutes" commentary, Bullion Management Group's Brandon White reports that Canada's banking supervisor, the Office of the Superintendent of Financial Institutions, says that the "Basel III" rules for banking stability will be fully applied to Canadian banks by 2019 and give gold bullion the highest status as a risk-free asset. This, White suggests, may encourage purchases of gold as the everything bubble pops. White's commentary can be viewed at BMG's internet site here:
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
Frank Holmes, CEO-U.S. Global Investors, loves Gran-Colombia Says he "loves" Gran Colombia and says that they've turned the corner and they're undervalued compared to other 150,000 oz gold producers.
Frank Holmes, CEO-U.S. Global Investors, loves Gran-Colombia Says he "loves" Gran Colombia and says that they've turned the corner and they're undervalued compared to other 150,000 oz gold producers.
Now Could Be a Good Time to Add Gold to Your Portfolio World Gold Council’s Chief Market Strategist, John Reade, said in his 2018 outlook for gold that, “Over the long run, income growth has been the most important driver of gold demand. And we believe the outlook here is encouraging.”
We couldn’t agree more. Gold has historically helped to improve portfolio risk-adjusted returns. It is a mainstream asset as liquid as other financial securities and its correlation to major asset classes has been low in both expansionary and recessionary periods, as the WGC points out.
I’ve always advocated a 10 percent weighting in gold in a portfolio - with 5 percent in bullion or jewelry and 5 percent in gold stocks - If you’re interested to learn more about gold, I encourage you to sign up for my blog, Frank Talk. Happy Investing!
Another Positive Year Ahead for Gold, Says the World Gold Council - Published: Wednesday, 24 January 2018 - By Frank Holmes
Gran Colombia Surpasses 2017 Annual Gold Production Guidance With 173,821 Ounces, Up 16% Over Previous Year TORONTO, Jan. 15, 2018 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TSX:GCM) announced today that it produced a total of 51,699 ounces of gold in the fourth quarter of 2017, up 26% over the fourth quarter last year. This brings the total gold production for the year to 173,821 ounces, up 16% over 2016 and surpassing its guidance for the current year.
The Segovia Operations continued to be the key catalyst for growth in Gran Colombia’s gold production with 45,588 ounces of gold produced in the fourth quarter of 2017, up 31% over the fourth quarter last year. This brings the total for the Segovia Operations for 2017 to 148,659 ounces, up 18% over 2016 and above guidance for the current year. Company-operated mining areas, led by the continued high grade trend at the Providencia mine this year, produced 17,761 ounces of gold in the fourth quarter of 2017, up 78% over the fourth quarter last year, bringing the full year total to 50,248 ounces, up 67% over 2016. In the fourth quarter of 2017, the Company also benefitted from the additional material sourced from contract miners under new operating contracts entered into since August 2017 under which Gran Colombia is retaining between 10% and 60% of the spot price for each ounce of gold produced. Contract mining production totalled 27,827 ounces of gold in the fourth quarter of 2017, up 12% over the fourth quarter last year. For the full year, contract mining production increased 2% over 2016 to 98,411 ounces in 2017.
At the Marmato Operations, gold production in the fourth quarter of 2017 amounted to 6,111 ounces, comparable to the fourth quarter last year. This brings the full year total to 25,162 ounces, up 7% over its 2016 annual production and within its guidance range for the current year.
Gran Colombia expects to release its 2017 fourth quarter and annual financial results on or about March 27, 2018.
About Gran Colombia Gold Corp.
Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. Gran Colombia is continuing its expansion and modernization activities at its high-grade Segovia Operations.
Additional information on Gran Colombia can be found on its website at http://www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information: ----is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Please Contact: Mike Davies Chief Financial Officer (416) 360-4653 investorrelations@grancolombiagold.com
Note .... The gold bull market in the 1970s and 1980s happened even as the Fed tested record-high interest rates. The yield on the 30-year Treasury bond rallied sharply during the late 1970s, eventually topping 15% in 1981. Gold rallied from about $100 per ounce in 1976 to over $850 per ounce in 1980.
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