take your time, when this runs, I think in the next couple years you will see this hit 16.5 to 17. when they did a 15:1 split I think many left its side. I dont agree with then and thought they should have done a stock buy back down low, maybe too late now. But over time bring in investors again.
Yield Curve Has Inverted. Will Gold Rally Now? Arkadiusz Sieron Arkadiusz Sieron Sunshine Profits
Ex.... The reason is that, as we explained in the March edition of the Market Overview, the inversion of the yield curve is considered to be one of the most reliable recession indicators.
Chart 2: S&P 500 Index from December 2018 to March 2019
Indeed, the yield curve inversions have preceded each of the last seven recessions, including the Great Recession. Therefore, it is not surprising that investors panicked and that the VIX surged.
Gran Colombia Gold Reports Fourth Quarter and Full Year 2018 Results; Reaches New Highs for Production, Adjusted EBITDA and Operating Cash Flow; Balance Sheet Strengthened; Increasing Focus on Growth Pipeline News Provided by GlobeNewswire2019-03-2717 Views
GCM / TPRFF Gold Mines are stll shallow and getting richer the with deep mining - they will become one of the the richest Gold Mines on earth - should be up in $800.- were they traded before in fare market value -
bigreturn11, well, RE: The share price may rise or fall in 2019 but as reserves expand and cash continues to flow, the future looks positive.
bigreturn11, the mines goes back to His time and I can tell you - it was no drilling done even under the Spanish time of > Anno 1500 - > the old time miners used to eye-ball the highgrade ore > it was visible to the eyes and it was to hand cobbe it and follow it > no drilling needed or required by socialist politics communistic scams > demand to drive the cost up in modern mining and make it more difficult for Freedom, Liberty and Rights by the Gold Miners etc. - ex....
Gran Colombia Gold Corporation Undervalued, But Highly Speculative ... Seeking Alpha ... illustrated by the chart below, which also highlights the new deep mineralization zone that has a potential for up to 300 million tonnes of potential ...
Gran Colombia Gold Reports Fourth Quarter and Full Year 2018 Results; Reaches New Highs for Production, Adjusted EBITDA and Operating Cash Flow; Balance Sheet Strengthened; Increasing Focus on Growth Pipeline -
Event Details
Fourth Quarter and Year End 2018 Results Webcast March 28, 2019 09:30 AM EST View the live Webcast
Gran Colombia Gold Announces Closing of C$20,000,000 Convertible Debenture Bought Deal NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, April 04, 2019 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (the “Company” or “Gran Colombia”) announced today (the “Issuance Date”) that it has closed its previously announced private placement offering on a bought deal basis (the “Private Placement”), led by GMP Securities L.P. and Scotiabank (collectively, the “Underwriters”), of C$20,000,000 aggregate principal amount of convertible unsecured subordinated debentures at a price of C$1,000 per C$1,000 principal amount of debentures (the “Convertible Debentures”).
The Convertible Debentures will mature on April 5, 2024, being five years and one day after the issuance date (the “Maturity Date”) and will accrue interest at the rate of 8.00% per annum, payable monthly. At the holders’ option, the Convertible Debentures may be converted into common shares of Gran Colombia (“Debenture Shares”) at any time and from time to time, up to the Maturity Date, at a conversion rate of approximately 210.53 Debenture Shares per C$1,000 principal amount, subject to adjustment in certain circumstances, which equates to an initial conversion price of C$4.75 per Debenture Share, representing a 33% premium to the closing price on the Toronto Stock Exchange (the “TSX”) on March 1, 2019, the last trading day prior to announcement of the Private Placement.
Serafino Iacono, Executive Chairman of Gran Colombia, commented “We are pleased to complete this transaction and to have the opportunity to accelerate the drilling program at our Segovia Operations. With these funds, we will be able to carry out the equivalent of five years of drilling within the next two years. History shows that Segovia has been a source of high-grade material dating back long before Gran Colombia purchased the mining title in 2010. We are excited we have finally reached the point where the Company can step out and begin exploring extensions of our existing mines and the brownfield areas where there was previous mining taking place within our title.”
The Convertible Debentures will not be listed and will be convertible unsecured obligations of Gran Colombia, subordinated to senior indebtedness of the Company and ranking equally with all present and future unsecured subordinated indebtedness of the Company. The TSX has conditionally approved the listing of the Debenture Shares. Listing of the Debenture Shares is subject to Gran Colombia fulfilling all of the listing requirements of the TSX.
On the first anniversary of the Issuance Date and on each yearly anniversary of the Issuance Date, the Company may, at its option and subject to applicable regulatory approval, on not more than one occasion during each twelve-month period, redeem up to 10% of the aggregate principal amount of the Convertible Debentures then outstanding, at par plus accrued and unpaid interest, in cash on not less than 30 and not more than 60 days’ prior written notice (during which period the holders of the Convertible Debentures may, for the avoidance of doubt, convert their Convertible Debentures into Debenture Shares).
The Company intends to use the net proceeds of the Private Placement solely to accelerate its ongoing exploration programs at its high-grade Segovia Operations, including technical and other studies to be carried out over the next approximately six months to identify and prioritize drilling targets followed by a drilling campaign, over and above what is already planned by the Company in 2019. The objective of the drilling program is to increase mineral reserves for future production growth and to extend the mine life of the Segovia Operations.
Insiders of the Company acquired 1,950 Convertible Debentures for an aggregate purchase price of C$1,950,000.
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 Segovia and Marmato Operations. Gran Colombia is continuing to focus on exploration, expansion and modernization activities at its high-grade Segovia Operations.
Additional information on Gran Colombia can be found on its website at 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”, which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Forward-looking information includes, but is not limited to, statements with respect to production guidance; exploration programs and mineral resources and reserves; the anticipated Closing Date; anticipated regulatory approval and the use of the net proceeds of the Private Placement; and other statements relating to the financial and business prospects and potential product generation of the Company. 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 Gran Colombia 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 27, 2019 and Management’s Discussion and Analysis dated as of March 27, 2019, both of which are 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 Gran Colombia 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@grancolombiagold.com
Frank Holmes Reveals Why Gold Will “Just Explode…in the Blink of an Eye” Mike Gleason Mike Gleason Money Metals Exchange ANALYSIS | Apr 12, 19:45 GMT
And if you're going to go into the gold space there's a note on the Toronto Stock Exchange called Grand Columbia, which is the largest gold producer in Columbia – 200,000 ounces, very high grade – and they have a gold note, just under a hundred million. It pays just under 10% yield and pays monthly. And as the price of gold goes up they pay out a higher monthly dividend. Those are sort of the unique investments.
+ 200,000 ounces of gold in 2018 Production exceeded 200,000 ounces in 2018 at Gran Colombia Gold. With EBITDA of over 100 Million last year, the company continues to expand operations and move forward as Colombia’s largest Underground Gold Producer.
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 Segovia and Marmato Operations. Gran Colombia is continuing to focus on exploration, expansion and modernization activities at its high-grade Segovia Operations.
Gran Colombia Gold is building the leading Colombia focused gold producer. The Company is building a strong production growth profile through exploration, development and bringing to production gold projects in Colombia. The Company’s focus is on the development of the Segovia Operations and Marmato projects to generate strong cash flows in the short, medium and long term.
To be successful, Gran Colombia Gold must also be a positive agent of change for the communities where it operates. The Company can only succeed if the communities are changed in a positive way and share in that success. Gran Colombia’s success will drive positive change in the communities; positive changes in health and safety, wages, pensions, the environment, economic growth and diversity, education and stronger communities.
The Company’s third focus is Valuation Growth. The Gran Colombia team believes strongly in the Company’s potential for great success and seeks to build shareholder value by having a great plan, executing through hard work & collaboration, and by achieving targets.
For more information on Gran Colombia Gold (GCM:TSX) please fill out the form below.
Gran Colombia Gold Announces New Quarterly Gold Production Record of 60,601 Ounces in First Quarter of 2019; Segovia Operations’ Trailing 12 Months Gold Production Surpasses 200,000 Ounces; Signs Contract With GoldSpot Discoveries to Use Artificial Intelligence in Segovia’s Exploration TORONTO, April 11, 2019 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it produced a total of 21,325 ounces of gold in March bringing the total for the first quarter of 2019 to 60,601 ounces, a new quarterly record and up 15% over the first quarter of 2018.
This brings the trailing 12 months’ total gold production at the end of March 2019 to 225,930 ounces, up 4% over 2018’s annual production and at the top end of Gran Colombia’s guidance range for 2019 of between 210,000 and 225,000 ounces.
Serafino Iacono, Executive Chairman of Gran Colombia, commenting on the Company’s latest production results, said, “We are very pleased to begin 2019 with another strong quarter of operating performance. At our flagship Segovia Operations, our investment in the expansion of our mines has increased our daily tonnes processed in the first quarter of 2019 from the company-operated areas by 11% compared with the annual average for 2018.
The expansion of the Maria Dama plant to 1,500 tpd is on track for completion in the second quarter this year, so we will have additional capacity available to handle our expected near term growth.
Our first quarter 2019 gold production has also benefitted from higher grades at both our Providencia and El Silencio mines, reaffirming our confidence in the high-grade nature of our mining title as we proceed to accelerate our exploration campaign for the next two years following the completion of the bought deal private placement last week.
We were also pleased to see an improvement in the mining rate at the Marmato mine in March, raising its monthly production by 22% compared with the average for the first two months of 2019 and getting its quarterly performance back on track with our expectations for this year. We will be reporting our financial results for the first quarter of 2019 on or about May 15, 2019.”
The Segovia Operations had another solid month in March with gold production of 18,970 ounces bringing the total for the first quarter of 2019 to a new quarterly record of 54,386 ounces, up 17% over the first quarter of 2018.
Gran Colombia processed an average of 1,112 tonnes per day (“tpd”) at its Segovia Operations in the first quarter of 2019, up 19% from the first quarter last year, with an average head grade of 18.8 g/t, up from 16.1 g/t in the first quarter of 2018.
The key driver was a 36% increase in high-grade material from the company-operated areas at the Providencia mine which contributed 21% of the total tonnes processed in the first quarter of 2019 at an average head grade of 34.8 g/t, up from 25.4 g/t in the first quarter last year.
The Company’s mine development and mechanization in the Company- operated areas of the El Silencio mine have also helped to increase both the tonnes mined and the average head grades from this mine in the first quarter of 2019 compared with the first quarter last year. This brings Segovia’s trailing 12 months’ total gold production at the end of March 2019 to 200,964 ounces, up 4% over 2018’s annual production.
At the Marmato Operations, March’s gold production of 2,355 ounces reflected the impact of some recent development work which increased tonnes processed to 1,090 tpd at an average head grade of 2.5 g/t. This brings Marmato’s total production for the first quarter of 2019 to 6,215 ounces, on par with the first quarter of 2018, and its trailing 12 months’ total gold production at the end of March 2019 to 24,966 ounces, also on par with 2018’s annual production.
Gran Colombia Engages GoldSpot Discoveries Corp. to Use Artificial Intelligence in its Forthcoming Exploration Campaign at its Segovia Operations
Gran Colombia also announced today that it has engaged the team of expert geologists and data scientists at GoldSpot Discoveries Corp. (“GoldSpot”) (TSXV: SPOT) to use machine learning to identify new drilling targets at its Segovia Operations to minimize exploration risk and increase discovery rates. GoldSpot will use its geoscience and machine science expertise to clean, unify and analyse Gran Colombia’s exploration data at Segovia and then produce both 2D and 3D targets for the forthcoming exploration program. GoldSpot will also deliver newly constructed lithological and mineralization models, new geophysical products produced through the reprocessing of the raw data and new structural interpretations and models.
Serafino Iacono commented, “Our exploration work at Segovia to-date has centered on our three core mining operations to build our mineral resource and reserve statement and to support our mine optimization and planning. We have come to a point where we can now focus on the vast exploration potential we see in our Segovia mining title, stepping out from the existing mine operations and exploring the other 24 known veins in the mining title. We are excited to work with GoldSpot to leverage their machine learning capabilities to increase our potential for success in expanding our mineral reserves through the accelerated drilling campaign we will be launching this year with the proceeds from our recently completed financing.”
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 Segovia and Marmato Operations. Gran Colombia is continuing to focus on exploration, expansion and modernization activities at its high-grade Segovia Operations.
Additional information on Gran Colombia can be found on its website at
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements ---- 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@grancolombiagold.com
Hemke ready for gold rally as Reik sees central bank support
Submitted by cpowell on 02:48AM ET Wednesday, May 1, 2019. Section: Daily Dispatches 10:47p ET Tuesday, April 30, 2019
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing at Sprott Money, explains why he thinks the latest "washing and rinsing" of monetary metals speculators by the bullion banks is through and a rally in the metals is imminent:
Meanwhile, writing at King World News, Sprott USA senior portfolio manager Trey Reik notes the remarkable purchase of gold by the usually gold-hating Indian government, speculating that it signals resentment of the U.S. government's attempting to dictate how India conducts its foreign trade. Hastening accumulation of gold by central banks will keep supporting the price, Reik writes. His commentary is posted at KWN here:
Gold Prices Could Hit $5,000 Says Billionaire Thomas Kaplan - Bloomberg Interview Neils Christensen Neils Christensen Wednesday May 29, 2019 12:54 Kitco NewsShare this article:
Kitco News) - You can add another billionaire to the bullish gold camp as Thomas Kaplan, chairman and chief investment officer of Electrum Group said in a recent interview with Bloomberg that gold is on the cusp of a new decade long bull market.
The investor and philanthropist made the comments in an interview with David Rubenstein on Peer-to-Peer Conversations, to be aired on Bloomberg TV Wednesday evening.
In a preview clip of the interview Kaplan, who is also chairman of Novagold Resources (NYSE: NG, TSX: NG) said that because of economic fundamentals gold prices could rally as high as $3,000 to $5,000 within a decade.
Although Kaplan is bullish on gold, he also said that he could see lower prices in the near-term.
“You could easily see gold prices $100 lower before it catches a wave and rallies a few thousand dollars,” he said.
His comments come as gold prices have been stuck in a tight range between support at $1,270 an ounce and resistance at $1,300 an ounce. Currently, gold prices are struggling to catch a bid even as U.S. bond yields have dropped to their lowest level since mid-September 2017. June gold futures last traded at $1,282.60 an ounce, up 0.44% on the day.
Kaplan is just the latest fund manager to jump on the gold bandwagon. Earlier this month, SEC filings showed that Ray Dalio’s hedge fund Bridgewater Associates increased its holdings in both SPDR Gold Shares (NYSE: GLD) and iShares Gold Trust (NYSE: IAU) in the first quarter of 2019.
David Einhorn, founder of Greenlight Capital also reiterated his positive sentiment for gold in a conversation with Kitco News during the Sohn Investment Conference.
“I hold gold, and I am never going to get rid of it. I hope that I never have to use it,” he said.
Jeffrey Gundlach, founder of DoubleLine Capital. He also expressed a long-term affinity for the yellow metal during the conference. “I love gold. I have owned gold since it was trading at $300,” he said.
GCM & TPRFF, it's important for Gran Colombia Gold Corp. to be prepared to defend the company under an attack from ex. short sellers -
Ex. of a short attack on the share price.... often also happen at the end of day trading etc....
compare to KL end of day trades....
Bob, I don't think they are really going to buy back shares - I think the PR today was to warn the shorts that KL can now come into the market and buy a half a million shares any time any day, when the shorts decide to attack like today, and break their backs. That would be nice to see. IMHO
Note Ex... The NCIB allowed; ex. Kirkland Lake Gold to purchase up to 20,989,692 common shares of the Company (the “Shares”), representing 10% of the current issued and outstanding Shares in the public float as of May 22, 2019.
Kirkland Lake Gold Renews Normal Course Issuer Bid May 27 2019 Download this Press Release PDF Format (opens in new window) TORONTO, May 27, 2019 (GLOBE NEWSWIRE) --
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) is pleased to announce that it has received acceptance from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (“NCIB”). The NCIB allows Kirkland Lake Gold to purchase up to 20,989,692 common shares of the Company (the “Shares”), representing 10% of the current issued and outstanding Shares in the public float as of May 22, 2019. As at May 22, 2019, the Company had 210,011,669 Shares issued and outstanding.
Gold Standard Returns - Russia and China are leading a worldwide gold-buying spree in an effort to transcend the global reliance on the US dollar as the world reserve currency. ex.
GCM & TPRFF, it's important for Gran Colombia Gold Corp. to be prepared to defend the company under an attack from ex. short sellers -
Ex. of a short attack on the share price.... often also happen at the end of day trading etc....
compare to KL end of day trades....
Bob, I don't think they are really going to buy back shares - I think the PR today was to warn the shorts that KL can now come into the market and buy a half a million shares any time any day, when the shorts decide to attack like today, and break their backs. That would be nice to see. IMHO
Note Ex... The NCIB allowed; ex. Kirkland Lake Gold to purchase up to 20,989,692 common shares of the Company (the “Shares”), representing 10% of the current issued and outstanding Shares in the public float as of May 22, 2019.
Kirkland Lake Gold Renews Normal Course Issuer Bid May 27 2019 Download this Press Release PDF Format (opens in new window) TORONTO, May 27, 2019 (GLOBE NEWSWIRE) --
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) is pleased to announce that it has received acceptance from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (“NCIB”). The NCIB allows Kirkland Lake Gold to purchase up to 20,989,692 common shares of the Company (the “Shares”), representing 10% of the current issued and outstanding Shares in the public float as of May 22, 2019. As at May 22, 2019, the Company had 210,011,669 Shares issued and outstanding.
Some Of The Biggest Resource Opportunities Are HIDDEN In South America - Munson About Gold Breakout - Gran Colombia Gold Corp. (GCN & TPRFF) own about 40% of outstanding shares in the Sandspring Resources Ltd. (”Sandspring”) (TSX-V: SSP, OTCQX: SSPXF) :-))
Another motive To buy these stock:Gran Colombia Gold Corp, (TSX: GCM) June 5, 2019 - by Joseph Davey - Leave a Comment On Tuesday Shares of Gran Colombia Gold Corp,(TSX:GCM) is an exciting player in the Basic Materials, generated a change of -0.01% and closed at $3.62.
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