trunkmonk well, I can see triple from here, Mongo 9 prediction was too low - with a triple it will still be a mother gold great bargain -
RE:RE:Gran Colombia has a forward P/E ratio of 3.71 Based on 2019 The Largest Gold & Silver Producer in Colombia - Gran Colombia Gold Corp.
Mike Davies is the CFO of Gran Colombia Gold Corp. (GCM.TO), 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.
RE:Gran Colombia Gold Announces January 2020 Production; Provid Excellent update.
I’m extremely interested to see Grand Columbia’s official forward guidance for 2020 of profit and earnings per share in their 2019 financial results coming out early March.
This company is going to be difficult to ignore once they officially announce their forward guidance of earnings over $1.30 per share.
With the future possibly of a dividend this stock has potential to be trading $20+ in years to come. Lots of catalyst to move it higher.
The Largest Gold & Silver Producer in Colombia - Gran Colombia Gold Corp.
Mike Davies is the CFO of Gran Colombia Gold Corp. (TPRFF)(GCM.TO), 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 Gold Mines Operations -
It's a Great Mission for His people to make Amazon River to be Clean again with less mercury pollution - :-))
In Mr. Eric Sprotts weekly podcast he was talking about the last of 5 companies he was asked about (Jaguar Mining) and he brought up Grand Columbia Gold as an example of another company that could possibly be trading at 2X FREE CASH FLOW! He owns almost 20% of T.GCM so I’m sure he has a better understanding of their financials than almost anyone else, so you almost have to believe this no matter how “too good to be true” it sounds.
Nothing moves up in a straight line, but Grand Columbia is definitely on its way up. The companies operations are moving into a higher gears, with their other investments also doing so. Now in unison with this dramatically increasing gold price due to the serious global economic situation we’ve found ourselves in, and now unfortunately, with this black swan of a corona virus just beginning to emerge itself... if this virus goes around the world over the next year, look out. Gold will have no ceiling, and neither will well managed high grade mid-tier gold miners.
All my opinion by.... The Alchemist
It's a Great Mission for His people to make Amazon River Clean again :-))
Gran Colombia Gold Completes Spin-Off of Marmato Mining Assets; Caldas Gold Expected to Commence Trading on February 28, 2020 T.GCM | 36 minutes ago TORONTO, Feb. 25, 2020 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) (“Gran Colombia”) is pleased to announce that it has completed the previously announced spin-off of its Marmato Mining Assets (as defined below) through a reverse takeover (“RTO”) transaction completed today with Bluenose Gold Corp. (“Bluenose”). The resulting issuer is named Caldas Gold Corp. (“Caldas Gold”) and, subject to fulfillment of all of the requirements of the TSX Venture Exchange (“TSXV”), it is expected that trading of the Caldas Gold shares on the TSXV will commence on or about Friday, February 28, 2020 under the symbol “CGC”.
Gran Colombia owns approximately 72% of Caldas Gold. Commenting on the closing of the RTO transaction, Serafino Iacono, Executive Chairman of Gran Colombia, stated, “We are very pleased to complete the spin-out of our Marmato Mining Assets.
With total proceeds from the equity financings of approximately CA$21.6 million, Caldas Gold is well capitalized to take the Marmato Project forward as it completes the prefeasibility study for the underground mine expansion in the first half of 2020 and continues drilling the Deep Zone mineralization.
The recently released 2019 Phase 2 drilling results have further increased our confidence in the geological model and continue to demonstrate an improvement of grades in the Deep Zone below the 900 meter level versus the mineral resource block model associated with the preliminary economic assessment.
In addition, the discovery of a possible new high-grade zone in the Deeps mineralization opens a new scenario for potential resource growth. Today begins a new chapter in the future of the Marmato Project.”
The Marmato Mining Assets principally comprise the existing producing underground gold mine (including the right to mine in the lower portion of the Echandia license area), the existing 1,200 tonnes per day processing plant and the area encompassing the Deeps mineralization, all located within the mining license area referred to as Zona Baja.
The existing underground mine at Marmato produced 25,750 ounces of gold in 2019, representing a 3% increase over 2018, and Caldas Gold expects to produce between 32,000 and 37,000 ounces of gold in 2020.
Through completion of a private placement on February 7, 2020 and the RTO transaction, Gran Colombia has acquired an aggregate of 36,250,100 common shares and 7,500,000 share purchase warrants of Caldas Gold with an exercise price of CA$3.00 expiring December 19, 2024. With the common shares controlled by Gran Colombia representing approximately 71.8% of the outstanding common shares of Caldas Gold, Gran Colombia is a “control person” of Caldas Gold.
Assuming exercise of the share purchase warrants, Gran Colombia would have control and direction over 43,750,100 common shares representing approximately 75.4% of the then outstanding common shares of Caldas Gold, after giving effect to the exercise of Gran Colombia’s warrants but assuming no exercise of any other outstanding warrants or options of Caldas Gold. Prior to the RTO transaction, Gran Colombia did not hold any securities of Bluenose.
The shares acquired by Gran Colombia are presently being held only for investment purposes. Gran Colombia may from time to time in the future increase or decrease its ownership, control or direction over securities of the Caldas Gold, through market transactions, private agreements or otherwise.
Gran Colombia has filed an early warning report pursuant to applicable securities laws in connection with the completion of the RTO transaction, a copy of which will be available under Caldas Gold’s profile on SEDAR at www.sedar.com or by contacting Gran Colombia directly at the address below.
For further information regarding Caldas Gold and the RTO transaction, readers are referred to the filing statement of Bluenose dated February 19, 2020 (the “Filing Statement”) which was prepared in accordance with the requirements of the TSXV and filed under Caldas Gold’s SEDAR profile at www.sedar.com . Included as Schedule G to the Filing Statement is a summary of the National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report and Preliminary Economic Assessment on the Marmato Project prepared pursuant to NI 43-101, focused on the Zona Baja mining operations, effective July 31, 2019, prepared by SRK Consulting (U.S.), Inc. (the “Technical Report”).
The full version of the Technical Report is also available on the Caldas Gold’s SEDAR profile at www.sedar.com.
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 owns 72% of Caldas Gold Corp., a Canadian mining company currently advancing a prefeasibility study for a major expansion and modernization of its underground mining operations at its Marmato Project in Colombia. Gran Colombia’s project pipeline includes its Zancudo Project in Colombia together with a 21% equity interest in Gold X Mining Corp. (TSXV: GLDX) (Guyana – Toroparu) and a 20% equity interest in Western Atlas Resources Inc. (“Western Atlas”) (TSX-V: WA) (Nunavut – Meadowbank).
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies and commencement of trading of Caldas Gold. 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 Gran Colombia's Annual Information Form dated as of March 27, 2019 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 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
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GlobeNewswire February 25, 2020 - 8:35 AM PST Tags: GOLD INDUSTRIAL METALS & MINERALS 1 In GOD We Trust -
GCM has prevented 100s ton of mercury to polluite Amazon River and His people :-)) God Bless
Gran Colombia Gold Corp. (TPRFF)(GCM) Has Cleaned 100s Tons Of Mercury From Polluting Amazon River -
It's a Great Mission for His people to make Amazon River to be Clean again with less mercury pollution - :-)) ex. 100's tons of mercury has NOT polluted Amazon River & His people for many years now - less and les mercury - :-))
The Largest Gold & Silver Producer in Colombia - Gran Colombia Gold Corp.
Mike Davies is the CFO of Gran Colombia Gold Corp. (TPRFF)(GCM.TO), 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 Gold Mines Operations -
It's a Great Mission for His people to make Amazon River to be Clean again with less mercury pollution - :-))
In Mr. Eric Sprotts weekly podcast he was talking about the last of 5 companies he was asked about (Jaguar Mining) and he brought up Grand Columbia Gold as an example of another company that could possibly be trading at 2X FREE CASH FLOW! He owns almost 20% of T.GCM so I’m sure he has a better understanding of their financials than almost anyone else, so you almost have to believe this no matter how “too good to be true” it sounds.
Nothing moves up in a straight line, but Grand Columbia is definitely on its way up. The companies operations are moving into a higher gears, with their other investments also doing so. Now in unison with this dramatically increasing gold price due to the serious global economic situation we’ve found ourselves in, and now unfortunately, with this black swan of a corona virus just beginning to emerge itself... if this virus goes around the world over the next year, look out. Gold will have no ceiling, and neither will well managed high grade mid-tier gold miners.
All my opinion by.... The Alchemist
It's a Great Mission for His people to make Amazon River Clean again :-))
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