Precious Metals

GCM Mining Corp. ("GCM Mining" or the "Company") (TSX: GCM, OTCQX: TPRFF) announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on June 15, 2022 to shareholders of record as of the close of business on May 31, 2022.

About GCM Mining Corp.

GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is a leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining pays a monthly dividend to its shareholders and has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~29%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).

Additional information on GCM Mining can be found on its website at www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com .

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the payment of dividends and other anticipated business plans or strategies. 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 GCM Mining 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 Company's Annual Information Form dated as of March 31, 2022 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 GCM Mining 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@gcm-mining.com


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

GCM:CA
gran colombia

GCM Mining


Keep reading...Show less
GCM Mining Announces Multiple High-Grade Drill Results from the 2022 In-Mine and Brownfield Drilling Campaigns at Its Segovia Operations

GCM Mining Announces Multiple High-Grade Drill Results from the 2022 In-Mine and Brownfield Drilling Campaigns at Its Segovia Operations

  • Continuation of significant high-grade intercepts at the producing Sandra K and El Silencio mines
  • Success continues in our brownfield drilling campaign on the La Guarida-Cristales Vein System including 48.45 g/t Au and 34.2 g/t Ag over 0.47 meters

GCM Mining Corp. ("GCM Mining" or the "Company") (TSX: GCM; OTCQX: TPRFF) announced today multiple high-grade intercepts from the latest 32 diamond drill holes, totaling 8,299 meters, from the 2022 in-mine and near-mine drilling programs, as well as a further 28 diamond drill holes, totaling 7,735 meters, from the 2022 brownfield drilling programs at its Segovia Operations, Colombia. The Company also announced the assay results from one additional kick-off diamond drill hole, totaling 748 meters, from the ongoing directional drilling program on the El Silencio Deep Zone.

Significant high-grade intercepts from the latest drill results include:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
GCM Mining Announces First Quarter 2022 Results

GCM Mining Announces First Quarter 2022 Results

GCM Mining Corp. (TSX: GCM; OTCQX: TPRFF) announced today the release of its unaudited interim condensed consolidated financial statements and accompanying management's discussion and analysis (MD&A) for the three months ended March 31, 2022. All financial figures contained herein are expressed in U.S. dollars ("USD") unless otherwise noted. Non-GAAP financial performance measures in this press release are identified with " NG ". For a detailed description of each of the non-GAAP measures used in this press release and a detailed reconciliation to the most directly comparable measure under IFRS, please refer to the Company's MD&A.

Lombardo Paredes, Chief Executive Officer of GCM Mining, commenting on the first quarter results, said, "We have started off 2022 on a positive note, meeting our expectations for production, costs and cash flow in the first quarter. We are on track to once again meet our annual production guidance for 2022. Following the favorable Mineral Reserve and Resource update at Segovia that we announced in March, our exploration and mine geology teams have continued to execute the ongoing drilling campaigns at our four producing mines and the brownfield areas in our mining title. At our Toroparu Project in Guyana, we are advancing the infill drilling and the pre-construction activities. We are also completing the competitive bid process for the contract miner and selection processes for the power plant contractor and main civil works contractor are getting underway. We are on track to finalize the prefeasibility study in the third quarter of 2022, at which point formal construction of the project is expected to commence. The Company is also working with the local governmental agencies to finalize the mining license which is expected to be received in mid-2022."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
GCM Mining Files National Instrument 43-101 Technical Report for Its Segovia Operations

GCM Mining Files National Instrument 43-101 Technical Report for Its Segovia Operations

GCM Mining Corp. ("GCM Mining" or the "Company") (TSX: GCM, OTCQX: TPRFF) announced today that it has filed an updated Prefeasibility Study technical report for its Segovia Operations (the "Technical Report") pursuant to National Instrument 43 ‐ 101 - Standards of Disclosure for Mineral Projects ("NI 43‐101"). The Technical Report, which supports the disclosure made by the Company in its March 24, 2022 news release and its 2021 Annual MD&A dated March 31, 2022, was prepared by SRK Consulting (U.S.), Inc. and is based on the updated Mineral Reserve and Mineral Resource estimates for the Segovia Operations with an effective date of December 31, 2021.

About GCM Mining Corp.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
GCM Mining Reports First Quarter 2022 Production; Declares May 16, 2022 Monthly Dividend; Announces First Quarter 2022 Results Webcast

GCM Mining Reports First Quarter 2022 Production; Declares May 16, 2022 Monthly Dividend; Announces First Quarter 2022 Results Webcast

GCM Mining Corp. ("GCM Mining" or the "Company") (TSX: GCM, OTCQX: TPRFF) announced today that it produced a total of 16,293 ounces of gold in March 2022 at its Segovia Operations bringing the total for the first quarter of 2022 to 49,951 ounces compared with 49,058 ounces from Segovia in the first quarter of 2021. In the first quarter of 2022, the Company also produced 89,782 ounces of silver at Segovia, up from 57,315 ounces of silver in the first quarter last year, together with approximately 252,000 pounds of zinc and 338,000 pounds of lead. Consolidated gold production of 51,486 ounces in the first quarter last year also included 2,428 ounces from Marmato up to February 4, 2021, the date of the loss of control of Aris Gold Corporation.

GCM Mining's trailing 12-months' total gold production at the end of March 2022 was 207,282 ounces, up about 0.4% over last year. The Company remains on track to meet its 2022 annual production guidance of 210,000 to 225,000 ounces of gold.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
GCM Mining Completes Acquisition of Aris Convertible Debenture and Files Early Warning Report

GCM Mining Completes Acquisition of Aris Convertible Debenture and Files Early Warning Report

GCM Mining Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it filed an early warning report in connection with the acquisition of senior unsecured convertible debenture units (the " Debenture ") in the amount of US$35,000,000 (the " Principal Amount ") of Aris Gold Acquisition Corp. (the " AcquisitionCo "), a wholly-owned subsidiary of Aris Gold Corporation (" Aris ") (the " Offering ").

Aris intends to use the Principal Amount to pay a portion of the purchase price for the acquisition, through a joint venture company, of a 20% ownership interest in Soto Norte gold project in Colombia.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Corporate Update

Tempus Resources Ltd ("Tempus" or the "Company") (ASX:TMR, TSX.V:TMRR, OTCQB:TMRFF) is announces that it has granted an aggregate of 3,342,857 incentive stock options (the "Stock Options") under the Company's stock option plan to directors, officers and consultants of the company

The exercise terms of the Stock Options are as follows:

News Provided by ACCESSWIRE via QuoteMedia

[subscribe_company_profile use_post="101618410"]

Keep reading...Show less
Castile Resources

New High Grade Gold Zone Discovered at Rover 1

Castile Resources Limited (ASX:CST) (“Castile” or “the Company”) is pleased to advise that results from Hole 22CRD001-1 have revealed a new high grade gold zone at the Company’s 100% owned Rover 1 Project. The new gold structure occurs outside, but directly adjacent to, Castile’s current Mineral Resource Estimate (MRE) for Rover 1 in the Jupiter Deeps section of the deposit.

Keep reading...Show less
Challenger Exploration

Drilling Expands The Colorado V Discoveries In Ecuador, Next Three Holes All Returning Significant Intersections

Challenger Exploration (ASX: CEL)(“CEL” the “Company”) is pleased to announce results from the next three drill holes CVDD-22-003 to CVDD-22-005 in the Colorado V concession in El Oro Province, Ecuador, where the Company is farming in to earn an initial 50% interest.

Highlights

Keep reading...Show less
Challenger Exploration

Drilling Expands The Colorado V Discoveries In Ecuador, Next Three Holes All Returning Significant Intersections

Challenger Exploration (ASX: CEL) (“CEL” the “Company”) is pleased to announce results from the next three drill holes CVDD-22-003 to CVDD-22-005 in the Colorado V concession in El Oro Province, Ecuador, where the Company is farming in to earn an initial 50% interest.

Keep reading...Show less

After 25 Years of Delivering Value to Mali, Barrick Continues to Invest in the Future

All amounts expressed in US Dollars

Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) continues to invest in creating value for all stakeholders and in supporting the communities that host its mines, president and chief executive Mark Bristow said here today.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
gold and silver coins

VIDEO — Brian Leni: Precious Metals Thesis is "Overwhelming" — Be Picky, Buy Best of the Best

Brian Leni: Precious Metals Thesis is "Overwhelming" — Be Picky, Buy Best of the Bestyoutu.be

Now trading just above US$1,800 per ounce, the gold price isn't performing as well as some investors would like. But for Brian Leni, founder of Junior Stock Review, the outlook remains bright.

"To me the value in the precious metals and the overall precious metals thesis is just so strong it's overwhelming," he said at the Prospectors & Developers Association of Canada (PDAC) convention.

Leni describes himself as a value investor, and emphasized that for him the precious metals story isn't a question of "if," it's a question of "when" — the key is picking the right companies and being ready to wait.

Keep reading...Show less

Latest Press Releases

Related News

×