Business Description
GCM Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold and silver properties primarily in Colombia. The company holds interests in the Segovia operations comprising the El Silencio, Providencia, and Sandra K underground mines located in Colombia. It also owns interest in the Zancudo project located in the Titiribà mining district of Antioquia. In addition, the company holds interests in the Marmato project in Colombia; Juby project located in Ontario, Canada; and Toroparu project in the western Guyana gold district. The company was formerly known as Gran Colombia Gold Corp. and changed its name to Gran Colombia Gold Corp. in November 2021. Gran Colombia Gold Corp. is headquartered in Toronto, Canada.
Website https://www.gcm-mining.com/
FRC Analyst's Reports
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GCM Mining Corp. (formerly Gran Colombia Gold) (TSX: GCM / OTCQX: TPRFF) – Accretive Acquisition to Drive Valuation Higher
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Aug. 18, 2022
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GCM Mining Corp. (formerly Gran Colombia Gold) (TSX: GCM / OTCQX: TPRFF) – Q1 In Line/Gold Equities on Sale
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May. 22, 2022
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GCM Mining Corp. (formerly Gran Colombia Gold) (TSX: GCM / OTCQX: TPRFF) – Higher Yield and Growth Potential Than Seniors
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Apr. 5, 2022
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Gran Colombia Gold Corp. (TSX: GCM / OTCQX: TPRFF) Offering 19% Higher Yield than Seniors
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Nov. 17, 2021
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Gran Colombia Gold Corp. (TSX: GCM / OTCQX: TPRFF) Trading at 1.2x Forward EBITDA / Dividend Yield of 3.9%
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Aug. 19, 2021
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Gran Colombia Gold Corp. (TSX: GCM / OTCQX: TPRFF) Closing GLDX Acquisition Next Month
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May. 19, 2021
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Gran Colombia Gold Corp. (TSX: GCM / OTCQX: TPRFF)-Cash-Rich Producer Trading Under 1x Forward EBITDA
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Apr. 7, 2021
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Gran Colombia Gold Corp. (TSX: GCM / OTCQX: TPRFF) Triples Dividend / Q3 Production Beat Expectations
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Nov. 16, 2020
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Gran Colombia Gold Corp. (TSX: GCM) Commencing Dividends / Raising 2020 EPS Estimate
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Aug. 28, 2020
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Gran Colombia Gold Corp. (TSX: GCM / OTCQX: TPRFF) Minimally Impacted by COVID-19
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May. 27, 2020
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Gran Colombia Gold Corp. (TSX: GCM / OTCQX: TPRFF) Record Results in 2019 / Strong Balance Sheet to Get Through COVID-19
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Apr. 14, 2020
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Gran Colombia Gold Corp. (TSX: GCM / OTCQX: TPRFF) – Spinning Out Marmato / On Track to Set Records in 2019
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Nov. 18, 2019
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Gran Colombia Gold Corp. (TSX: GCM / OTCQX: TPRFF) – Raising Production and EPS Forecasts
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Aug. 16, 2019
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Gran Colombia Gold (TSX: GCM) Continuing to Break Records
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May. 24, 2019
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Gran Colombia Gold (TSX: GCM / OTCQX: TPRFF) – Record Revenues in 2018
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Apr. 9, 2019
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Gran Colombia Gold (TSX: GCM) Initiating; Undervalued Gold Producer
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Feb. 13, 2019
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This company was mentioned in the following "Analysts’ Ideas Of The Week":
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Oct 19, 2021 |
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Jun 21, 2021 |
| Mayweather Is Endorsing This Small-Cap Company |
Jun 14, 2021 |
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May 18, 2021 |
| This Gold Producer Trading at Under 1x EBITDA Offers a 3.2% Yield |
Apr 20, 2021 |
| An FRC Top Pick to be Acquired at a 44% Premium |
Mar 16, 2021 |
| Rising Bond Yields to Lower Equity Valuations |
Feb 22, 2021 |
| Expecting 50% of the U.S. Population to be Fully Vaccinated by August |
Feb 16, 2021 |
| Biden’s Next Package Focused on Infrastructure to Boost Base Metals’ Demand |
Jan 18, 2021 |
| Aphria’s Acquisition of Tilray Signals Industry Consolidation and More M&A in 2021 |
Dec 21, 2020 |
| The IMF’s Revised Outlook Supports Base Metals |
Oct 13, 2020 |
| Lower Inventory Levels Likely to Support Base Metal Prices This Week |
Sept 28, 2020 |
| Nickel Junior up 445% in a Month on Rumours of Talks with Tesla |
Sep 14, 2020 |
| Leading Indicators Starting to Point to a Slowdown” |
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| Rising Consumer Confidence Positive for Base Metals |
May 25, 2020 |
Investors are also interested in these companies:
I’m certainly not a geologist, but the just released PEA for Marmato appears to be rather underwhelming, any comments?
John
Hi John, thank you for the question. Please see our update report dated November 18, 2019, titled “Spinning Out Marmato / On Track to Set Records in 2019”, under the “Company Reports’ section for our views on the latest PEA.
Generally, we were pleased with the PEA as our models had estimated an AT-NPV at 5% of $203 million, and an AT-NPV at 10% (our base -case) of $75 million, based on $1,300 per oz gold, initial CAPEX of $250 million, and a 20 year mine life. These estimates were in line with the actual study results, which showed AT-NPV at 5% of $207 million, an AT-NPV at 10% of $89 million, initial CAPEX of $269 million, and a 19 year mine life. Note that the PEA only used 2.35 Moz contained gold of a total measured and indicated resource of 2.9 Moz and inferred resource of 4.4 Moz.
Looks RIO is an all-time low. Your thoughts on ” BUY” this stock on the short term? Any reason that you might know, why it’s been moving sideways for a while at this price?
Thanks/
Hi Jatinder, thank you for your question. RIO (Rio2 Limited / TSXV: RIO) remains one of our top picks. Our outlook and valuation on the company has not changed since our most recent report in October 2019. Here is a link to the report:
https://www.researchfrc.com//rio2-limited-tsxv-rio-bvl-rio-robust-pfs-demonstrates-fenix-gold-projects-optionality/
Years ago I also heard an expert in mining area recommending this stock.
But I am speaking for myself here, I am going to invest in this area after gold is done with the correction, I believe gold is heading lower.
Thank you for your comments. Our analysts have a positive outlook on gold for H2-2021. Please check out this video for more insights:https://www.youtube.com/watch?v=ZVtEMYMX5O0
FRC does come up with some real big winners, I am impressed.
Thank you Chee Chow.
I like the merger between GCM and Aris. The merger does leave me with a couple of wait and see questions…1. What does the new board do with GCM’s dividend with all the developement projects they are taking on? 2. Does Denarius fit in the piocture? and what do they do with it?
GCM is my largest holding and I own a little bit of Aris and its warrants. I thought the best way to play these two companies was through owning GCM with its dividend and 44% or so ownership in Aris and buy through the warrants when the price was right.
Hi Ross, thank you for the message. GCM is expected to stop dividends after completing the merger. Aris’ management will run the combined entity. Denarius will be run by GCM’s current team. Our views on the merger is available in this note:
https://www.researchfrc.com/former-goldcorp-chairman-ian-telfer-is-backing-this-merger/