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 February 15, 2022 to shareholders of record as of the close of business on January 31, 2022.

About GCM Mining Corp.

GCM Mining Corp. is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas. The Company also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (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, 2021 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
GCM Mining

GCM Mining


Keep reading...Show less
GCM Mining Declares June 15, 2022 Monthly Dividend

GCM Mining Declares June 15, 2022 Monthly Dividend

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.

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
Green River Gold Corp.

Green River Gold Corp. Extends the Depth at Its Quesnel Nickel/Magnesium Project and Releases Additional Assay Results from Previous Drilling

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to update the progress at the 2022 exploration drilling program at its Quesnel Nickel/Magnesium project, located 40 kilometers from the City of Quesnel, British Columbia, in the prolific Cariboo Mining District.

The first phase of the 2022 exploration drilling program consists of 3 drill holes, approximately 100 meters each, using a portable Winkie drill purchased by the Company late in 2021. The first hole, DD-22-01, was drilled to a depth of 185 feet before it was discontinued for technical reasons. The plan is to re-enter that hole and drill it to greater depth before the current program is complete. The Company has shifted its efforts to drilling the second hole of the 3-hole program. Once the rest of the snow has melted and ground conditions allow, Green River will also be drilling several other known talc outcroppings using a backpack drill. That part of the program will continue throughout the year and is intended to confirm the extent of the talc occurrence and determine whether the nickel, chromium and magnesium mineralization is consistent throughout. The known talc occurrences extend over a length of 1.4 kilometers. The Company will provide regular drilling updates throughout the year.

Keep reading...Show less
fine gold bar

VIDEO — Mickey Fulp: I'm Bullish on Physical Gold and Farmland, Exiting Resource Juniors

Mickey Fulp VRIC 2022youtu.be

With the general markets in turmoil, Mercenary Geologist Mickey Fulp sees few places to turn.

"It's a difficult situation," he said at the recent Vancouver Resource Investment Conference (VRIC). "I am very bearish, not necessarily on commodity prices, but on the whole resource space and the ability of companies to explore, develop, produce — there's a variety of factors against that right now."

Those include resource nationalism, socialism, anti-development initiatives and green agendas, Fulp explained. Meanwhile, mining companies are seeing energy and labor costs pushed up by inflation.

Keep reading...Show less
Trump and the Gold Standard

Trump and the Gold Standard

The gold standard hasn’t been used in the US since the 1970s, but when Donald Trump was president there was some speculation that he could bring it back.

Rumors that the gold standard could be reinstated during Trump’s presidency, which ran from 2017 to 2021, centered largely on positive comments he made about the idea. Notably, the former US president suggested that it would be “wonderful” to bring back the gold standard, and a number of his advisors were of the same mind — Judy Shelton, John Allison and others also expressed support for the concept.

With Trump now out of office, is the US likely to return to the gold standard? And what would it mean if that happened? Read on to learn what the gold standard is, why it ended, what Trump said about bringing it back — and of course what could happen if it ever came into play again.

Keep reading...Show less
Graycliff Exploration CEO James Macintosh

Graycliff Exploration CEO James Macintosh: Significant Drill Results from the Shakespeare Gold Project in Ontario

Graycliff Exploration CEO James Macintosh: Significant Results from Shakespeare Gold Projectyoutu.be

Keep reading...Show less
Constantine Metal Resources CEO Garfield MacVeigh

Constantine Metal Resources CEO Garfield MacVeigh: Kicking Off Our US$18 Million Program at the Palmer Project

Constantine Metal Resources CEO Garfield MacVeigh: Kicking Off Our $18Million Program at Palmeryoutu.be

Keep reading...Show less
gold nuggets

5 Top Weekly TSXV Performers: Tombill Mines Leads Gold Explorers Up

The S&P/TSX Venture Composite Index (INDEXTSI:JX) was on the rise last Friday (May 20) morning following another volatile week that sent the junior index as low as 690.

Edging just above 700 after the morning bell on Friday, markets across North America found solace after China moved to support its economy with a cut to a key lending benchmark.

On the commodities side, values for West Texas Intermediate crude oil topped US$114 a barrel last Monday (May 16), while Brent crude touched US$115. Both types had consolidated mildly by Friday to hold in the US$112 range.

Keep reading...Show less

Latest Press Releases

Related News

×