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.