Member Company Profile

Gran Colombia Gold

GCM:CN|Last Price: USD 4.51|Market Cap: USD 221.16 M

USD 4.10        USD 6.96


Gold Price: $1,866.25|Silver Price: $27.95|Platinum Price: $1,214.00|Palladium Price: $2,903.00|Gold:Silver: 66.8


Gold Forum Americas 2019

  Webcast|September 18, 2019, 9:00 AM (MDT)|Presenter: Mike Davies, CFO


Status: Producer|Primary Mineral: Gold|Primary Country of Operation: Colombia


Last Updated: August 16, 2019

  Print Profile

IR Contact

Mauricio Ostos
416-360-4653
[email protected]
grancolombiagold.com

Address

401 Bay Street, Suite 2400, PO Box 15
Toronto, ON M5H 2Y4
Canada

Cautionary Information

© Copyright 2021, Denver Gold Group & Gran Colombia Gold.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Gran Colombia Gold is the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. Since 2014, Gran Colombia has doubled its total gold production, reaching 218,000 ozs in 2018. Production growth and the Company's focus on controlling its costs (Cash cost of US$680 and AISC of US$919 per oz in 2018) helped to increase its adjusted EBITDA to US$102.4 million in 2018. Gran Colombia has reduced its total debt to US$88.7M as of August 14, 2019 and increased its cash position to US$51 million as of June 30, 2019. Gran Colombia is continuing its exploration, development and modernization activities at its high-grade (17.1 g/t in 2018) Segovia Operations which account for about 90% of its total gold production and evaluating the opportunity to expand its underground mining operations at the Marmato Project.

Value Drivers
  • Gran Colombia has positive free cash flow and has strengthened its balance sheet over the last couple of years.
  • Gran Colombia's equity is significantly undervalued relative to its peers and has outperformed the TSX Gold index over the last year.
  • Significant blue-sky potential to fuel production growth and mine life extension at its high grade Segovia Operations.

Annual Production
Gold, oz per year
GEOs: No

Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: NI 43-101 , GEOs: No

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders
  • MMCap Asset Management
  • Insiders
  • 683 Capital Management
Management
Chairman: Serafino Iacono
CEO: Lombardo Paredes
CFO: Mike Davies
VP Exploration: Alessandro Cecchi
More Detail
Capital Structure
Common Shares Outstanding: 49,005,303
Float (%): 100.00
Warrants Outstanding: 12,013,808
Convertible Debentures: 4,210,526
Options Outstanding: 2,673,098
Fully Diluted Shares: 67,902,735

IR Contact

Mauricio Ostos
416-360-4653
[email protected]
grancolombiagold.com

Address

401 Bay Street, Suite 2400, PO Box 15
Toronto, ON M5H 2Y4
Canada

Cautionary Information

© Copyright 2021, Denver Gold Group & Gran Colombia Gold.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.