Member Company Profile

Gran Colombia Gold

GCM:CN|Last Price: USD 3.28|Market Cap: USD 100.04 M

USD 1.55        USD 3.58


Gold Price: $1,435.65|Silver Price: $16.36|Platinum Price: $853.00|Palladium Price: $1,534.00|Gold:Silver: 87.8


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


Last Updated: January 23, 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 2019, 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. Gran Colombia's focus on controlling its costs (AISC of US$899 per oz in trailing 12 months ended September 2018) has helped to increase its adjusted EBITDA to US$105 million in the same trailing 12-month period. Gran Colombia has reduced its total debt to US$83.4M as of January 31, 2019 and increased its cash position to US$33 million as of December 31, 2018. 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 89% 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 in 2018.
  • 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
  • Insiders
  • MMCap Asset Management
  • 683 Capital Partners LP
Management
Chairman: Serafino Iacono
CEO: Lombardo Paredes
CFO: Mike Davies
More Detail
Capital Structure
Common Shares Outstanding: 48,191,139
Float (%): 100.00
Warrants Outstanding: 16,362,926
Options Outstanding: 2,677,162
Fully Diluted Shares: 67,231,227

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 2019, 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.