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NYBob NYBob 8 years ago
Fiat-moneymonglers NWO khazarian 666 king-pin Rothschild buys gold and sells DJIA shares -



http://www.iii.co.uk/articles/347462/lord-rothschild-buys-gold-and-sells-shares

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124604245

GMC massive 19.29 Million short sold -

666 must be desperate to keep and hold the share price down -

to takeover the GCM GOLD producing mines for less value by robbery -

stealing with manipulation typical khazarian 666 nwo demons by

banksters cabals mafia -
imo.

Its many old time investors who want GMC/TPRFF to go back UP smile) -
ex.
Please, join me to pray for old time GCM investors to get back fair values -
TIA -

http://www.barchart.com/chart.php?sym=GCM.TO&t=BAR&size=M&v=1&g=1&p=MO&d=X&qb=1&style=technical&template=

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124559136



http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

http://www.888c.com/888c.htm
- Love You -
- God Bless -
- Amen -

👍️0
NYBob NYBob 8 years ago
GCM Shares Short - 19.29M (666 evil - against Jesus Colombia people)
ex. -
GCM Short Ratio - 6.66 (666 evil)

- you find the 666 in the yahoo link below -

http://finance.yahoo.com/quote/GCM.TO/key-statistics?p=GCM.TO

Follow Bro Jesus 888 - http://www.888c.com/888c.htm - http://www.888c.com -

Its many old time investors who want GMC/TPRFF to go back UP ) -
ex.
Please, join me to pray for old time GCM investors to get back fair values -
TIA -
http://www.barchart.com/chart.php?sym=GCM.TO&t=BAR&size=M&v=1&g=1&p=MO&d=X&qb=1&style=technical&template=

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124559136

Resist him 666, steadfast in the faith -
submit to Father God -
resist the devil and -
he will flee from you -

http://www.888c.com/888c.htm
- Love You -
- God Bless -
- Amen -
👍️0
NYBob NYBob 8 years ago
Its many old time investors who want GMC/TPRFF to go back UP ) -
ex.
http://www.barchart.com/chart.php?sym=GCM.TO&t=BAR&size=M&v=1&g=1&p=MO&d=X&qb=1&style=technical&template=

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124559136

- God Bless -
👍️0
NYBob NYBob 8 years ago
Gran Colombia Gold Corp. (T:GCM) Insider Chart - Past 6 Months -
Business Focus: Gold Mining -





Insider Filings
Sign up for an account or login above to see all SEDI filings within the past 6 months.
Filings by Transaction DateFilings by Filing DateFilings by InsiderMarker
Latest 10 SEDI filings (by transaction date) for GCM within the last 6 months ?
Amended Filing Amended Filing
As of 11:59pm ET August 15th, 2016
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction Volume or Value Price
Aug 15/16 Aug 12/16 Miller, Lloyd I. Indirect Ownership 2020 Debentures 10 - Acquisition in the public market $75,000 $0.870
USD
Aug 5/16 Aug 4/16 683 Capital Management LLC Indirect Ownership Common Shares 36 - Conversion or exchange 7,692,308 $0.130
Aug 5/16 Aug 4/16 683 Capital Management LLC Indirect Ownership 2018 Debentures 36 - Conversion or exchange -$1,000,000 $0.130
Aug 5/16 Aug 4/16 Miller, Lloyd I. Indirect Ownership 2020 Debentures 10 - Acquisition in the public market $100,000 $0.851
USD
Aug 2/16 Jul 26/16 Gran Colombia Gold Corp. Direct Ownership 2020 Debentures 38 - Redemption, retraction, cancellation, repurchase $170,000 $81.00
USD
Aug 2/16 Jul 26/16 Gran Colombia Gold Corp. Direct Ownership 2020 Debentures 38 - Redemption, retraction, cancellation, repurchase $2,000 $0.810
USD
Aug 2/16 Jul 26/16 Gran Colombia Gold Corp. Direct Ownership 2020 Debentures 38 - Redemption, retraction, cancellation, repurchase $4,000 $0.810
USD
Aug 2/16 Jul 26/16 Gran Colombia Gold Corp. Direct Ownership 2020 Debentures 38 - Redemption, retraction, cancellation, repurchase $8,000 $0.810
USD
Aug 2/16 Jul 26/16 Gran Colombia Gold Corp. Direct Ownership 2018 Debentures 38 - Redemption, retraction, cancellation, repurchase $16,000 $0.740
USD
Aug 2/16 Jul 26/16 Gran Colombia Gold Corp. Direct Ownership 2018 Debentures 38 - Redemption, retraction, cancellation, repurchase $1,000 $0.740
USD
Create a free Canadianinsider.com account to see up to 6 months of filings
Get Gran Colombia Gold Corp.'s holdings trends and enhanced insider charts in PDF now

https://www.canadianinsider.com/company?menu_tickersearch=GCM%20%7C%20Gran%20Colombia%20Gold

You may also be interested in

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124558884


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124505720

- Let's pray for a safer Colombia for His people -


http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- http://www.888c.com/888c.htm#0 - http://www.888c.com -
- Love You -
- God Bless -
- Amen -

Ps.
ConferredDiligence thank you - S/A article from July;

http://seekingalpha.com/article/3987945-gran-colombia-gold-might-golden-stock

Blue thank you - great note. -
TPRFF q2 financials out: Revenue increased 54% -

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2016/Gran-Colombia-Gold-Announces-Second-Quarter-and-First-Half-2016-Results-Doubles-Adjusted-EBITDA-and-Increases-2016-Production-Guidance/default.aspx


stocktrademan thank you -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218

- God Bless -
👍️0
NYBob NYBob 8 years ago
Gran Colombia Gold Corporation - (GCM)(TPRFF) - Latest Presentation -



http://grancolombia2012.q4web.com/investors/corporate-presentation/default.aspx


http://seekingalpha.com/article/3987945-gran-colombia-gold-might-golden-stock

http://www.grancolombiagold.com/Home/default.aspx

http://nafinance.com/zGetCompanyProfile.aspx?tradedSymbol=Gcm&langCd=En

E.g., -



https://www.youtube.com/watch?v=cywu1j3KaNU&feature=youtu.be

Gran Colombia Gold Corporation - (GCM)(TPRFF) - 2017 Warrants -
2017 Warrants to purchase 1,000,000 common shares at an exercise price
of CA$18.75 expiring October 30, 2017 -
Some close to me own some GCM 2017 warrants which gives right to buy
the GCM shares for CA$18.75/share -
please, pray for that the shares 2017 will be @ a higher price -
so the early GCM investors can get some of their
investment as fair return on invested capital -
TIA thank you in advance -

http://www.marketwired.com/press-release/gran-colombia-gold-announces-completion-of-debt-restructuring-tsx-gcm-2089910.htm

In Colombia we pray Father God would open the doors of your hearts -
not to be mere hearers of the Word but doers as you listen -
to this faith-building message -
E.g., -



https://www.youtube.com/watch?v=M9BFUz9Hwzg

You are a chosen generation - a holy nation - His own special people -
that you may proclaim the praises of Him who called you -
out of darkness into His marvelous light -



https://www.youtube.com/watch?v=y7HfCN0YqAU

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124505720

- Let's pray for a safer Colombia for His people -


http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- http://www.888c.com/888c.htm#0 - http://www.888c.com -
- Love You -
- God Bless -
- Amen -

Ps.
ConferredDiligence thank you - S/A article from July;

http://seekingalpha.com/article/3987945-gran-colombia-gold-might-golden-stock

Blue thank you - great note. -
TPRFF q2 financials out: Revenue increased 54% -

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2016/Gran-Colombia-Gold-Announces-Second-Quarter-and-First-Half-2016-Results-Doubles-Adjusted-EBITDA-and-Increases-2016-Production-Guidance/default.aspx


stocktrademan thank you -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218

- God Bless -
👍️0
NYBob NYBob 8 years ago
Gran Colombia Gold Corporation - (GCM) - Latest Presentation -



http://grancolombia2012.q4web.com/investors/corporate-presentation/default.aspx


http://seekingalpha.com/article/3987945-gran-colombia-gold-might-golden-stock

http://www.grancolombiagold.com/Home/default.aspx

http://nafinance.com/zGetCompanyProfile.aspx?tradedSymbol=Gcm&langCd=En

In Colombia we pray Father God would open the doors of your hearts -
not to be mere hearers of the Word but doers as you listen -
to this faith-building message -
E.g., -



https://www.youtube.com/watch?v=M9BFUz9Hwzg

You are a chosen generation - a holy nation - His own special people -
that you may proclaim the praises of Him who called you -
out of darkness into His marvelous light -



https://www.youtube.com/watch?v=y7HfCN0YqAU

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124505720

- Let's pray for a safer Colombia for His people -


http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- http://www.888c.com/888c.htm#0 - http://www.888c.com -
- Love You -
- God Bless -
- Amen -

Ps.
Blue thank you - great note. -
TPRFF q2 financials out: Revenue increased 54% -

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2016/Gran-Colombia-Gold-Announces-Second-Quarter-and-First-Half-2016-Results-Doubles-Adjusted-EBITDA-and-Increases-2016-Production-Guidance/default.aspx


stocktrademan thank you -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218

- God Bless -
👍️0
NYBob NYBob 8 years ago
Gran Colombia Gold Corporation - (GCM)(TPRFF) - 2017 Warrants -
2017 Warrants to purchase 1,000,000 common shares at an exercise price
of CA$18.75 expiring October 30, 2017 -
Some close to me own some GCM 2017 warrants which gives right to buy
the GCM shares for CA$18.75/share -
please, pray for that the shares 2017 will be @ a higher price -
so the early GCM investors can get some of their
investment as fair return on invested capital -
TIA thank you in advance -

http://www.marketwired.com/press-release/gran-colombia-gold-announces-completion-of-debt-restructuring-tsx-gcm-2089910.htm

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124534962



https://www.youtube.com/watch?v=M9BFUz9Hwzg



https://www.youtube.com/watch?v=y7HfCN0YqAU

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124505720

- Let's pray for a safer Colombia for His people -


http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- http://www.888c.com/888c.htm#0 - http://www.888c.com -
- Love You -
- God Bless -
- Amen -

Ps.
Blue thank you - great note. -
TPRFF q2 financials out: Revenue increased 54% -

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2016/Gran-Colombia-Gold-Announces-Second-Quarter-and-First-Half-2016-Results-Doubles-Adjusted-EBITDA-and-Increases-2016-Production-Guidance/default.aspx


stocktrademan thank you -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218

- God Bless -

👍️0
NYBob NYBob 8 years ago
Gran Colombia Gold Corporation - (GCM)(TPRFF) - E.g., the opportunity to serve
in Medellin Colombia.
It was a life changing experience -
It was so Awesome praying with the Colombian people and so
blessed that their hearts were open to Bro Jesus -
Our hope is that this Video will help You see the needs of the less -
fortunate and also help us to see that Jesus is on the move -
in Colombia.
Thank You Father God -
To bring fortunate times of the real money You created -
to our people -
therefore submit to God -
resist the 666 devil and -
he nwo will flee from you -



https://www.youtube.com/watch?v=Vg3x1pjtTq4

E.g., -



https://www.youtube.com/watch?v=cywu1j3KaNU&feature=youtu.be

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124516116



https://www.youtube.com/watch?v=y7HfCN0YqAU

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124505720

- Let's pray for a safer Colombia for His people -
- http://www.888c.com/888c.htm#0 - http://www.888c.com -
- Love You -
- God Bless -
- Amen -

Ps.
Blue thank you - great note. -
TPRFF q2 financials out: Revenue increased 54% -

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2016/Gran-Colombia-Gold-Announces-Second-Quarter-and-First-Half-2016-Results-Doubles-Adjusted-EBITDA-and-Increases-2016-Production-Guidance/default.aspx


stocktrademan thank you -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218

- God Bless -



👍️0
NYBob NYBob 8 years ago
Gran Colombia Gold Corporation - (GCM) - I think one of the best
militarys in South America -
And what i have seen last time i was there is that the soldier -
are extremely frendly and very close to the public -
when i was there and need help of any sort while traveling through
Colombia they where always happy to help me and answer questions etc.
Very experience as well due to the constant training fight in the
jungle -
Much respect from me -
When you pass through the waters -
I will be with you through the rivers -
they shall not overflow you -
When you walk through the fires -
you shall not be burned -
Nor shall the flames scorch you -




?https://www.youtube.com/watch?v=Zm-W52r_ffc

Gran Colombia Gold Corp. - Miss Colombia 2015 - 2016 Velada de Elección y Coronación -



https://www.youtube.com/watch?v=H4qS0VMLonc

Gran Colombia Gold Corp. - We received a surprise invitation to visit
the beautiful country of Colombia -
We found a beautiful people deeply radiating a passion for Jesus -
A people who had been touched, marked even, in a special way -

We fell in love with God’s hand intricately on display over (and
through) His people in Colombia -
We pray the same happens for you -
Come&Live!'s vision is to see This Generation Loving Jesus -
The mission of our lives, and this visual story, is to advance
the kingdom of God and awaken the world to the love of Jesus -
E.g.,




https://www.youtube.com/watch?v=y7HfCN0YqAU

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124505720

- Let's pray for a safer Colombia for His people -
- http://www.888c.com/888c.htm#0 - http://www.888c.com -
- Love You -
- God Bless -
- Amen -

Ps.
Blue thank you - great note. -
TPRFF q2 financials out: Revenue increased 54% -

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2016/Gran-Colombia-Gold-Announces-Second-Quarter-and-First-Half-2016-Results-Doubles-Adjusted-EBITDA-and-Increases-2016-Production-Guidance/default.aspx


stocktrademan thank you -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218

- God Bless -
👍️0
NYBob NYBob 8 years ago
Gran Colombia Gold Corp. - Miss Colombia 2015 - 2016 Velada de Elección y Coronación -



https://www.youtube.com/watch?v=H4qS0VMLonc

Gran Colombia Gold Corp. - We received a surprise invitation to visit
the beautiful country of Colombia -
We found a beautiful people deeply radiating a passion for Jesus -
A people who had been touched, marked even, in a special way -

We fell in love with God’s hand intricately on display over (and
through) His people in Colombia -
We pray the same happens for you -
Come&Live!'s vision is to see This Generation Loving Jesus -
The mission of our lives, and this visual story, is to advance
the kingdom of God and awaken the world to the love of Jesus -
E.g.,




https://www.youtube.com/watch?v=y7HfCN0YqAU

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124505720

- Let's pray for a safer Colombia for His people -
- http://www.888c.com/888c.htm#0 - http://www.888c.com -
- Love You -
- God Bless -
- Amen -

Ps.
Blue thank you - great note. -
TPRFF q2 financials out: Revenue increased 54% -

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2016/Gran-Colombia-Gold-Announces-Second-Quarter-and-First-Half-2016-Results-Doubles-Adjusted-EBITDA-and-Increases-2016-Production-Guidance/default.aspx


stocktrademan thank you -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218

- God Bless -
👍️0
NYBob NYBob 8 years ago
Gran Colombia Gold Corp. - We received a surprise invitation to visit
the beautiful country of Colombia -
We found a beautiful people deeply radiating a passion for Jesus -
A people who had been touched, marked even, in a special way -

We fell in love with God’s hand intricately on display over (and
through) His people in Colombia -
We pray the same happens for you -
Come&Live!'s vision is to see This Generation Loving Jesus -
The mission of our lives, and this visual story, is to advance
the kingdom of God and awaken the world to the love of Jesus -



https://www.youtube.com/watch?v=y7HfCN0YqAU

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124505720

- Let's pray for a safer Colombia for His people -
- http://www.888c.com/888c.htm#0 - http://www.888c.com -
- Love You -
- God Bless -
- Amen -

Ps.
Blue thank you - great note. -
TPRFF q2 financials out: Revenue increased 54% -

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2016/Gran-Colombia-Gold-Announces-Second-Quarter-and-First-Half-2016-Results-Doubles-Adjusted-EBITDA-and-Increases-2016-Production-Guidance/default.aspx


stocktrademan thank you -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218

- God Bless -
👍️0
NYBob NYBob 8 years ago
Gran Colombia Gold Corp. {TSE:GCM) E.g., in 2010 -
the GCM share price above $50.--/share in market value -



GCM should have fair market value higer today than for 5yrs ago because -

E.g., a few -
- GMC has found higher gold reserve currently vs. 2010 -
- GMC producing higher gold production today vs. 2010 -
- GMC has bought out many more artisan gold mines today vs. 2010 -
- GMC has lowered the gold production cost per ounce vs. 2010 -
- GMC has made the gold mines operations more safe for mine workers -
- GMC has much less problems with the rebels for Colombia government
- made peace agreements with the rebel groups and made Colombia much
- more safe for all people and business operations in Colombia today
- vs. as it used to be in 2010 when GCM share price market value were
- above $50.--/share -


Gran Colombia Gold Corp. GMC Qtr. 2 Results Slideshow -

http://www.slideshare.net/GranColombiaGold/q2-2016-results

- the Q2 result show and reflect the Au production is great -

- with the excellent Qtr. 2 result - GMC can get new better -
- financing and buy back the debentures to cancel the shares -
- ex.
- for 5 years ago the GCM shares traded above $20.-/share -
- the old time investors want the share price back up -
- to give a fair return to the early GCM investors -
- GCM should be fair to all shareholders to get the share price -
- back up to what it used to be -
- please, tell GMC to get a new better financing -
- to keep the image of investing in the mining industry good -
- thank you in advance -

- GCM will be able to buy out more artisan operation to make -
- it better for the people with a cleaner environment and
- the government will also be pleased to make it safer living -
- for the people in Colombia -

http://www.slideshare.net/GranColombiaGold/q2-2016-results

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124475676

All will be Happy -



https://www.youtube.com/watch?v=cbc3TG0mE3w

- Let's pray for a safer Colombia for His people -
- http://www.888c.com/888c.htm#0 - http://www.888c.com -
- Love You -
- God Bless -
- Amen -
👍️0
NYBob NYBob 8 years ago
stocktrademan thank you, GMC Qtr. 2 Results Slideshow -

http://www.slideshare.net/GranColombiaGold/q2-2016-results

- the Q2 result show and reflect the Au production is great -

- with the excellent Qtr. 2 result - GMC can get new better -
- financing and buy back the debenture to cancel the shares -
- ex.
- for 5 years ago the GCM shares traded above $20.-/share -
- the old time investors want the share price back up -
- to give a fair return to the early GCM investors -
- GCM should be fair to all shareholders to get the share price -
- back up to what it used to be -
- please, tell GMC to get a new better financing -
- to keep the image of investing in the mining industry good -
- thank you in advance -

- GCM will be able to buy out more artisan operation to make -
- it better for the people with a cleaner environment and
- the government will also be pleased to make it safer living -
- for the people in Colombia -

http://www.slideshare.net/GranColombiaGold/q2-2016-results

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124475676

All will be Happy -


- Let's pray for a safer Colombia for His people -
- http://www.888c.com/888c.htm#0 - http://www.888c.com -
- Love You -
- God Bless -
- Amen -
- Amen -

👍️0
NYBob NYBob 8 years ago
Gran Colombia views responsible mining as a company-wide
commitment that is at the heart of all business decisions.
Every employee, from senior management through to the miners
at each of our operations, endeavours to conduct our business
to ensure lasting social progress and economic growth for all
stakeholders throughout the life of a
Gran Colombia Gold mine and beyond.

The Company is committed to being a responsible steward of
the environment, to respecting communities within which
it works and to maintaining industry best practice health
and safety standards.

Our social and community programs are designed as catalysts
to make positive, lasting contributions in the communities
where we do business, while working in partnership with
host governments, local community groups, non-governmental
organizations, contractors and suppliers, with a focus
on human rights and maintaining a principled,
conscientious approach to corporate citizenship.

We design, construct and operate all our facilities in
accordance with the highest applicable international
health, safety and environmental standards and we seek
partnerships based on open, transparent communication,
with the aim of being responsible, respected and
welcomed, everywhere we do business.

Gran Colombia Gold Mines & Jesus mission to battle to ensure
highest safety standard for all mining in Gran Columbia mines
operations -
E.g.,



https://www.youtube.com/watch?v=2Bbp94oj0hM





E.g.,
Mar 6, 2015
The town of Marmato, in Central Colombia, sits near top a mountain
hillside of many old gold mines.
Its people have been living off of it for centuries, mining the
precious metal through mostly small scale, artisan operations.
But as the country is increasingly relying on its mineral resources
to fuel the economy, Gran Colombia GMC mining company have set
their agreements with the Columbia Government on
places like Marmato to install open air mines have made $100 million +
LT long term investments -
to safe modern state of art mining -
According to some estimates, it would take about 20 years + to
extract more gold from the mountain, help out the town and its
10,000 inhabitants to better safety and much less cyanide in
the process to clean up the most environmental polluted mining
operations on the earth.
The imminence of this news weighs heavily on the people
of Marmato, who are organizing to get good payed jobs in
the new modern GMC mining operations -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124423810



Its a great mission here by GCM for Columbia people -

GCM mission will make Columbia fortunate rich -
by all work opportunities and create a better social
survival structure for all -

http://www.dailymotion.com/video/x2xoawu

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218




http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- God Bless -
👍️0
NYBob NYBob 8 years ago
Gran Colombia Gold Mines & Jesus Mission to battle safety mining for all -
mining for gold in Marmato gold mines -
E.g.,



https://www.youtube.com/watch?v=2Bbp94oj0hM

Mar 6, 2015
The town of Marmato, in Central Colombia, sits on top a mountain
of many old gold mines.
Its people have been living off of it for centuries, mining the
precious metal through mostly small scale, artisan operations.
But as the country is increasingly relying on its mineral resources
to fuel the economy, Gran Colombia GMC mining company have set
their agreements with the Columbia Government on
places like Marmato to install open air mines have made $100 million +
LT long term investments -
to safe modern state of art mining -
According to some estimates, it would take about 20 years + to
extract more gold from the mountain, help out the town and its
10,000 inhabitants to better safety and much less cyanide in
the process to clean up the most environmental polluted mining
operations on the earth.
The imminence of this news weighs heavily on the people
of Marmato, who are organizing to get good payed jobs in
the new modern GMC mining operations -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124423810

Its a great mission here by GCM for Columbia people -

GCM mission will make Columbia fortunate rich -
by all work opportunities and create a better social
survival structure for all -

http://www.dailymotion.com/video/x2xoawu

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218




http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- God Bless -
👍️0
NYBob NYBob 8 years ago
Gran Colombia, CBC documentary -
Uploaded on Mar 31, 2008 -



https://www.youtube.com/watch?v=iVWAVJL1KM8

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124449252


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124423810

Its a great mission here by GCM for Columbia people -

GCM mission will make Columbia fortunate rich -
by all work opportunities and create a better social
survival structure for all -

http://www.dailymotion.com/video/x2xoawu

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218




http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- God Bless -
👍️0
NYBob NYBob 8 years ago
stocktrademan thank you, I follow Bro Jesus Missions -
@ all time -
He make it good for His people and better for all -
He want the people to get safety and
the real money gold and silver -

At the Marmato Operations, tonnes processed increased by 19% in
the second quarter of 2016,
compared with the first quarter this year,
to 987 tpd with head grades averaging 2.6 g/t.

This resulted in gold production of 6,345 ounces in
the second quarter of 2016,
up 16% from the first quarter of 2016 and
up 7% from the second quarter a year ago.

For the first half of 2016,
gold production at the Marmato Operations
totalled 11,835 ounces, up 4% from
the first half last year.

Gran Colombia expects to produce a total of 24,000 to
28,000 at its Marmato Operations for the full year 2016.

Q2 2016 Results Webcast

The Company announced today that it will release its financial results
for the second quarter of 2016 after market close on Thursday,
August 11, 2016 and will host a conference call and
webcast on Friday, August 12, 2016 at 9:30 a.m. Eastern Time
to discuss the results.

Webcast and call-in details are as follows:

Live Event link: http://edge.media-server.com/m/p/6swovr25
Toronto & International: 1 (514) 841-2157
North America Toll Free: 1 (866) 215-5508
Colombia Toll Free: 01 800 9 156 924
Conference ID: 42439708

A replay of the webcast will be available at
http://www.grancolombiagold.com
from Friday, August 12, 2016 until Sunday, September 11, 2016.

Debentures may be undervalued from time to time in relation
to its current and future business prospects;
(ii) that the purchase of Debentures though the bids
is the best use of any excess free cash accumulated
as per the terms of the indentures governing each of
the Debentures and (iii) that Debentures may become
available during the period of the bids at fiat prices
that would make the purchase of Debentures for cancellation
an appropriate use of available funds and
in the best interests of the Company and its shareholders.

High risk often -
makes high rewards -
on the LT long term -
makes my friend -

Keep the children and ladies away from the mines -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124436780

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218




http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- God Bless -
👍️0
NYBob NYBob 8 years ago
Gran Colombia gold mines & Jesus Mission to de-warmines for His peoples safety -
prayers welcome E.g.,,,,



https://au.news.yahoo.com/world/a/32263522/colombia-launches-big-demining-brigade/#page1

ex.



https://www.youtube.com/watch?v=yCpYf8B1vYs

Colombia and FARC agree to cease-fire following peace accord
Published August 06, 2016Fox News Latino -
Jesus alive Mission for peace -



http://latino.foxnews.com/latino/news/2016/08/06/colombia-and-farc-agree-to-cease-fire-following-peace-accord/

Therefore, having been justified by faith -
we have peace with God through our Bro Lord Jesus
Christ -

The lord will give strength to His people -
The Lord will bless His people with peace -

stocktrademan' thank you - good info 'Gran Columbia Gold (GCM)' -

its a Mission here by GCM for Columbia people -

GCM mission will make Columbia fortunate rich -
by all work opportunites and create a better social
survival structure for all -

http://www.dailymotion.com/video/x2xoawu

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218




http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- God Bless -

👍️0
NYBob NYBob 8 years ago
Gran Colombia gold mines & Jesus Mission -

ex.


https://www.youtube.com/watch?v=yCpYf8B1vYs

Colombia and FARC agree to cease-fire following peace accord
Published August 06, 2016Fox News Latino -
Jesus alive Mission for peace -



http://latino.foxnews.com/latino/news/2016/08/06/colombia-and-farc-agree-to-cease-fire-following-peace-accord/

Therefore, having been justified by faith -
we have peace with God through our Bro Lord Jesus
Christ -

The lord will give strength to His people -
The Lord will bless His people with peace -

stocktrademan' thank you - good info 'Gran Columbia Gold (GCM)' -

its a Mission here by GCM for Columbia people -

GCM mission will make Columbia fortunate rich -
by all work opportunites and create a better social
survival structure for all -

http://www.dailymotion.com/video/x2xoawu

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218





http://www.kitconet.com/images/live/au0001wb.gif

Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

- God Bless -


👍️0
NYBob NYBob 8 years ago
Colombia and FARC agree to cease-fire following peace accord
Published August 06, 2016Fox News Latino -
Jesus alive Mission for peace -



http://latino.foxnews.com/latino/news/2016/08/06/colombia-and-farc-agree-to-cease-fire-following-peace-accord/

stocktrademan' thank you - good info 'Gran Columbia Gold (GCM)' -

its a Mission here by GCM for Columbia people -

GCM mission will make Columbia fortunate rich -
by all work opportunites and create a better social
survival structure for all -

http://www.dailymotion.com/video/x2xoawu


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218

- God Bless -

👍️0
Babs42 Babs42 8 years ago
Gran Colombia Gold (GCM) or (TPRFF)

http://www.stockwatch.com/Quote/Detail.aspx?symbol=GCM®ion=C

When you open the link in your browser, click "Closes" then "GO"

Scroll down to see the millions of shares traded daily of this Company in the "Total Volume" Column.


There is a HUGE number of shares traded since the first day in July 2016. Millions of dollars pouring into this company.


http://www.stockta.com/cgi-bin/analysis.pl?symb=GCM.C&cobrand=&mode=stock
👍️0
Alero16 Alero16 8 years ago
It is Colombia not columbia, please correct spelling of name!
👍️0
NYBob NYBob 8 years ago
stocktrademan' thank you - good info 'Gran Columbia Gold (GCM)' -

its a Mission here by GCM for Columbia people -

GCM mission will make Columbia fortunate rich -
by all work opportunites and create a better social
survival structure for all -

http://www.dailymotion.com/video/x2xoawu


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104020218

- God Bless -
👍️0
tdbowieknife tdbowieknife 10 years ago
This stock looks to be a better way to play gold than buying bullion...

..

👍️0
stocktrademan stocktrademan 10 years ago
Gran Colombia Gold Corp. [$TPRFF] due diligence

bullish

$TPRFF

DD Notes ~ http://www.ddnotesmaker.com/TPRFF

##### recent news/filings ~ source: finance.yahoo.com

Fri, 13 Jun 2014 22:52:52 GMT ~ Gran Colombia Gold Has Turned A Corner: Big Upside Ahead
read full: http://seekingalpha.com/article/2266723-gran-colombia-gold-has-turned-a-corner-big-upside-ahead?source=yahoo
*********************************************************

Fri, 06 Jun 2014 00:26:00 GMT ~ Voting results of the Annual and Special Meeting of the Shareholders of Gran Colombia
[PR Newswire] - TORONTO, June 5, 2014 /PRNewswire/ - Gran Colombia Gold Corp.'s (TSX: GCM, OTC: TPRFF) Annual and Special Meeting of Shareholders was held on Thursday June 5, 2014. The detailed results of the votes for ...
read full: http://finance.yahoo.com/news/voting-results-annual-special-meeting-002600543.html
*********************************************************

Fri, 06 Jun 2014 00:26:00 GMT ~ Voting results of the Annual and Special Meeting of the Shareholders of Gran Colombia
[CNW Group] - Voting results of the Annual and Special Meeting of the Shareholders of Gran Colombia
read full: http://finance.yahoo.com/news/voting-results-annual-special-meeting-002600699.html
*********************************************************

Tue, 13 May 2014 23:39:00 GMT ~ Gran Colombia Gold Announces First Quarter 2014 Results; Reports Fourth Consecutive Quarterly Reduction in All-in Sustaining Costs
[PR Newswire] - TORONTO, May 13, 2014 /PRNewswire/ - Gran Colombia Gold Corp. (TSX: GCM, OTC: TPRFF) announced today the release of its unaudited condensed consolidated financial statements and accompanying management's discussion and analysis (MD&A) for the three months ended March 31, 2014. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. The Company is maintaining its 2014 gold production guidance of 102,000 to 122,000 ounces. Total gold production was 19,200 ounces in the first quarter of 2014, reflecting an expected short-term continuation of lower head grades at the Segovia Operations while mine development progressed to open access to higher grade mining areas for the second quarter. In April 2014, the Company's total gold production was 8,837 ounces, including a 54% increase in Segovia's daily gold production rate compared with the first quarter of 2014 due to improved head grades.
read full: http://finance.yahoo.com/news/gran-colombia-gold-announces-first-233900574.html
*********************************************************

Tue, 13 May 2014 23:39:00 GMT ~ Gran Colombia Gold Announces First Quarter 2014 Results; Reports Fourth Consecutive Quarterly Reduction in All-in Sustaining Costs
[CNW Group] - Gran Colombia Gold Announces First Quarter 2014 Results; Reports Fourth Consecutive Quarterly Reduction in All-in Sustaining Costs
read full: http://finance.yahoo.com/news/gran-colombia-gold-announces-first-233900002.html
*********************************************************

##### chart ~ source: stockcharts.com



##### chart ~ source: eoddata.com



##### company info ~ source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/TPRFF/company-info
Ticker: $TPRFF
OTC Market Place: OTC Pink Current
CIK code: 0001490221
Company name: Gran Colombia Gold Corp.
Company website: http://www.grancolombiagold.com
Incorporated In: British Columbia, Canada

##### extra dd links

Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001490221&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/TPRFF/filings
Latest financials: http://www.otcmarkets.com/stock/TPRFF/financials
Latest news: http://www.otcmarkets.com/stock/TPRFF/news - http://finance.yahoo.com/q/h?s=TPRFF+Headlines

Major holdings: http://data.cnbc.com/quotes/TPRFF/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=TPRFF+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/TPRFF.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=TPRFF

RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=TPRFF&search=search

DTCC: http://search2.dtcc.com/?q=Gran+Colombia+Gold+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Gran+Colombia+Gold+Corp.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Gran+Colombia+Gold+Corp.&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.grancolombiagold.com
Alexa: http://www.alexa.com/siteinfo/http://www.grancolombiagold.com#
Corporate website internet archive: http://web.archive.org/web/*/http://www.grancolombiagold.com

Short Sales: http://www.otcmarkets.com/stock/TPRFF/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/TPRFF/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/TPRFF/research
Historical Prices: http://finance.yahoo.com/q/hp?s=TPRFF+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=TPRFF+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=TPRFF+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=TPRFF+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=TPRFF+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=TPRFF+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=TPRFF
Balance Sheet: http://finance.yahoo.com/q/bs?s=TPRFF
Cash Flow: http://finance.yahoo.com/q/cf?s=TPRFF+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/TPRFF
Bloomberg: http://www.bloomberg.com/quote/TPRFF:US
Morningstar: http://quotes.morningstar.com/stock/s?t=TPRFF
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=TPRFF
Barchart: http://www.barchart.com/quotes/stocks/TPRFF
OTC Short Report: http://otcshortreport.com/index.php?index=TPRFF
Investopedia: http://www.investopedia.com/markets/stocks/TPRFF/?wa=0

http://www.pennystocktweets.com/stocks/profile/TPRFF

##### last known share structure ~ source: otcmarkets.com

Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value

##### business description ~ source: otcmarkets.com

Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. Gran Colombia is currently advancing a project to develop a modern, large-scale, gold and silver mine at its Segovia operations.

DD Notes ~ http://www.ddnotesmaker.com/TPRFF
fi2
👍️0
ThePaulinator ThePaulinator 10 years ago
Anyone see the Nat Geo show Guerrilla Gold? Ole Gran CG was a big part of it
👍️0
Tommy Tommy 10 years ago
$GCM.TO - Gran Colombia Gold Announces Upcoming Webcast To Discuss Financial Results For Third Quarter 2013

http://www.grancolombiagold.com/investors/press-Releases/press-releases-details/2013/Gran-Colombia-Gold-Announces-Upcoming-Webcast-To-Discuss-Financial-Results-For-Third-Quarter-2013/default.aspx

TORONTO, Nov. 4, 2013 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM, OTC: TPRFF) will release its financial results for the third quarter of 2013 after market close on Thursday, November 14, 2013 and will host a conference call and webcast on Friday, November 15, 2013 at 9:00 a.m. Eastern and Bogota time to discuss the results.

Webcast and call-in details are as follows:

Live Event link: http://www.media-server.com/m/p/revo8jd5
Toronto & International: 1 (866)-215-5508
North America Toll Free: 1 (888) 771-4371

Colombia Toll Free: 01 800 9 156 924
Conference ID: 35977472


A replay of the webcast will be available at www.grancolombiagold.com from Friday, November 15, 2013 until Thursday, December 15, 2013.
👍️0
Tommy Tommy 10 years ago
$TPRFF - GCM.TO - Gran Colombia's production tops 80,000 ounces of gold in the first nine months of 2013

http://grancolombiagold.mediaroom.com/index.php?s=11316&item=135162

TORONTO, Oct. 15, 2013 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM, OTC:TPRFF) announced today that it produced a total 9,758 ounces of gold and 13,603 ounces of silver in September 2013 from its underground mining operations at Segovia and Marmato in Colombia. This brings total gold production for the third quarter of 2013 to 29,186 ounces, up 8.4 percent over the third quarter last year. For the first nine months of 2013, the company produced a total of 80,687 ounces of gold and 118,087 ounces of silver, up 2.4 percent and 29.7 percent respectively, over the same period in 2012.

Serafino Iacono, Executive Co-Chairman of Gran Colombia, commenting on the production update, said, "We continue to take actions to reduce our all-in sustaining costs while our Segovia expansion project continues on target and we remain on track to meet our 2013 production guidance of 110,000 ounces of gold."

At the company's Segovia Operations, total tonnes processed in September at the Maria Dama plant averaged 927 tonnes per day (tpd) and head grades averaged 8.9 grams per tonne (g/t) resulting in gold production of 7,727 ounces. For the third quarter of 2013, the Maria Dama plant processed an average of 910 tpd and head grades increased to an average of 9.4 g/t. The third quarter gold production of 23,107 ounces represented the third consecutive quarter of production growth at Segovia and a 9.4 percent increase over the third quarter of 2012. Segovia's year-to-date total production of 64,050 ounces of gold represents a 2.7 percent increase over the first nine months of 2012.

Operations at the company's Marmato underground mine continued at a steady pace in September, producing 2,031 ounces of gold. Third quarter and year-to-date gold production at Marmato amounted to 6,079 and 16,637 ounces of gold, respectively.

About Gran Colombia Gold

Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. In addition, Gran Colombia is advancing a project to develop a large-scale, gold and silver mine at its Marmato operations.
👍️0
baystock1 baystock1 11 years ago
Nice find on that video. One correction to is that GCM has very recently in their presentation at the Precious Metals Summit guided that cash costs will be under $700 an oz once the expansion to 200,000 oz per year is completed end of next year:

http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2013/09/20/gran-colombia-gold-corp/play/stream/8064
👍️0
Tommy Tommy 11 years ago
$TPRFF - $GCM.TO - Gran Colombia Files National Instrument 43-101 Mineral Resource Estimate Report for its Segovia and Carla Operations

http://www.grancolombiagold.com/investors/press-Releases/press-releases-details/2013/Gran-Colombia-Files-National-Instrument-43-101-Mineral-Resource-Estimate-Report-for-its-Segovia-and-Carla-Operations/default.aspx

TORONTO, Sept. 20, 2013 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM) announced today that it has filed a National Instrument 43-101 mineral resource estimate for its Segovia and Carla Operations in Colombia, as announced in its news release dated August 1, 2013. The Technical Report is available on the Company's website at www.grancolombiagold.com and under the Company's profile on SEDAR at www.sedar.com.

About Gran Colombia Gold Corp.

Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation. In addition, Gran Colombia is advancing a project to develop a large-scale, gold and silver mine at its Marmato operations, and has an advanced stage property in Venezuela.
👍️0
Tommy Tommy 11 years ago
$TPRFF - $GCM.TO - Gran Colombia Gold produces 9,988 ounces of gold in August 2013

http://grancolombiagold.mediaroom.com/index.php?s=11316&item=135160

TORONTO, Sept. 12, 2013 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM, OTC:TPRFF) announced today that it produced a total 9,988 ounces of gold and 15,273 ounces of silver in August 2013 from its underground mining operations at Segovia and Marmato in Colombia. This brings year-to-date total production to 70,939 ounces of gold and 104,475 ounces of silver.

Serafino Iacono, Executive Co-Chairman of Gran Colombia, commenting on the production update, said, "Over the last six months, we have averaged 9,270 ounces of gold, keeping us on track to meet our 2013 production guidance of 110,000 ounces of gold. At Segovia, we continue to make the necessary adjustments in our business model to reduce all-in sustaining costs, which are expected to be below $1,150 per ounce by the fourth quarter of this year."

In early August, the company took further steps to reduce its all-in sustaining cost at Segovia through a workforce reduction at the lower grade company-operated mines and decreased the tonnages processed from these mining areas in August by about 50% to focus effort on the ongoing mine development program to access higher grade areas later in the fourth quarter. Concurrently, the company increased processing of tonnages from the higher-grade contract mining operators by about 11 percent. As a result, total tonnes processed in August at the Maria Dama plant fell to 760 tonnes per day (tpd) and head grades increased by about 37 percent to 11.6 grams per tonne (g/t). In late August, the Maria Dama plant reduced operations over a five-day period to complete certain annual maintenance procedures, including replacement of the mill liners, without any adverse impact on total gold production in the month, which amounted to 8,105 ounces. This brings Segovia's year-to-date total production to 56,333 ounces of gold.

Processing 809 tpd at an average head grade of 2.7 g/t, the Marmato underground mine continued at a steady pace in August, producing 1,883 ounces of gold. Year-to-date gold production at Marmato amounted to 14,606 ounces of gold.

About Gran Colombia Gold

Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. In addition, Gran Colombia is advancing a project to develop a large-scale, gold and silver mine at its Marmato operations.
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Tommy Tommy 11 years ago
$TPRFF - $GCM.TO - video update

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clovus33 clovus33 11 years ago
Gran Colombia Gold Corp recent drill hole results were done under license #4395 belonging to Mona Minas SA. Albeit the results were tremendous and the company spent millions of dollars on these drill hole results the actual location of the 663 grams of gold per ton is under an adjacent license not just their license. Hopefully this will be disclosed on future press releases or maybe Gran Colombia Gold will do the right thing and pay Mona Minas SA for easement rights or acquire their license
👍️0
Tommy Tommy 11 years ago
$TPRFF - $GCM.TO - chart update

👍️0
Tommy Tommy 11 years ago
$TPRFD - $GCM.TO - Gran Colombia's Recent Sell Down Creates A Speculative Buy With Significant Upside

http://seekingalpha.com/article/1519972-gran-colombia-s-recent-sell-down-creates-a-speculative-buy-with-significant-upside?source=email_investing_ideas&ifp=0

I last wrote on Canadian domiciled gold miner Gran Colombia (TPRFD.PK) in February of this year and concluded that while the company was under-valued by 56% it constituted a high risk speculative investment. Since that time the value of gold has fallen precipitously to be down by 19% to be $1,283.95 per ounce at the time of writing. This significant drop in the gold price is contrary to the bullish forecasts of many analysts and has had a significant impact on the profitability of micro and small-cap gold miners. The reason for this significant impact is the high operating and production costs of smaller gold miners such as Gran Colombia.

Investment case summary

Since that article Gran Colombia has seen its share price plunge by 63% to new lows, which on a pre-consolidation basis give it a new 52-week low of only $0.07, or $1.81 post-consolidation. I believe that this sell down has created a deep value investment opportunity for the risk-tolerant speculative long-term investor. This opportunity exists because market sentiment has turned against high cost small-cap gold producers operating in what are perceived to be high risk economic and political environments such as Colombia.

Furthermore, I believe that while it still represents a speculative play with its profitability significantly exposed to the volatile gold price, investors have failed to take into account the company's strengths. These include growing production and falling costs on the back of aggressive mine development and cost cutting plans and an exploration program that is set to build the company's reserves.

All of these factors along with Gran Colombia's already substantial measured and indicated reserves of 12 million ounces of gold, make it an attractive deep value investment proposition with the potential to double in value over the short to medium term. In this article I will examine each of these factors in depth and explain why this opportunity exists.

Key recent events

Gran Colombia still remains the largest gold miner in Colombia with its key mining and exploration operations located at Segovia and Marmato in the departments of Antioquia and Caldas respectively, as illustrated by the map below.

Source: Gran Colombia Gold Corporate Presentation - January 2013.

On June 14, 2013 the company consolidated its common shares outstanding on a one-for-twenty-five basis, reducing the number of common shares outstanding to 15,279,936 from 381,984,916 on a pre-consolidation basis. However, despite this consolidation Gran Colombia's share price has continued to fall to be down by 78% for the year-to-date to be trading at around $2.13 on a post-consolidation basis, or $0.09 on a pre-consolidation basis.

Costs continue to fall

During the first quarter 2013 the company commenced a comprehensive review to identify the areas where it could implement $12 million in costs savings in order to reduce both its operating and production costs. This resulted in $850,000 per month of savings which commenced in February of this year, with almost 82% of those cost savings directly relating to operating costs at its flagship Segovia Operations. The remainder of those cost savings were made in the area of general and administrative spending.

As a result for the first quarter 2013 the company's average total cash cost per ounce fell by almost 7% QoQ to $1,281 per ounce of gold as the chart below illustrates.

(click to enlarge)

Source data: Gran Colombia Financial Filings 1Q12 to 1Q13.

This is a significant reduction and goes some way to mitigating one of the key risks identified in my last article. Furthermore, as at the end of March 2013 the average total cash cost per ounce at Gran Colombia's Segovia operations had fallen to $1,164 per ounce, which is a further 11% reduction in comparison to the average for the first quarter 2013. I would also expect to see this average cash cost per ounce being maintained throughout the remainder of 2013 if the company is able to avoid any further unforeseen events that impact production.

Despite this reduction in average cash cost per ounce Gran Colombia still has a particularly high cost of goods sold (COGS) to revenue ratio, which as the chart below illustrates is one of the highest among its peers at 89%.

(click to enlarge)

Source data: Gran Colombia Financial Filings 1Q12 to 1Q13.

However, I am expecting this ratio to improve as the company boosts revenue through increased production while reducing the overall costs associated with its operations and in particular its Segovia operations. A significant driver that will reduce Gran Colombia's COGS will be the completion of the Pampa Verde project in Segovia, discussed in the section on exploration and development, which is scheduled for completion in the latter half of 2014. A key aspect of this project is to establish sufficient infrastructure for Gran Colombia to be able to reduce its average total cash costs per ounce to around $800 to $900.

Accordingly, I am expecting Gran Colombia's total cash costs per ounce to continue to fall, with the company having already embarked on another cost reduction program in May 2013 aimed at further reducing the operating costs at its Segovia operations by $500,000. This decrease in costs along with those expected during the second quarter 2013 bodes well for increased profitability especially in an environment where the gold price is declining.

However, at this time with the outlook for the price of gold being volatile and uncertain, the company needs to reduce costs further if it is to remain profitable. The high cost of production, combined with this uncertain outlook for the price of gold I believe has been one of the key drivers of the recent sell-down of Gran Colombia's stock.

Production continues to grow

Another pleasing aspect of Gran Colombia's first quarter results is that total gold production continued to grow up by 10% QoQ to 23,450 ounces for that period as the chart below illustrates.

(click to enlarge)

Source data: Gran Colombia Financial Filings 1Q12 to 1Q13.

This increase in production was primarily driven by a 13% increase in production at the company's Segovia operations with milling output at the Dama Maria plant at Segovia stabilizing. As a result the company is on track to meet its 2013 production target of 110,000 ounces of gold, which is 9% higher than its total gold production for 2012 of 100,895 ounces. But investors should note that while production has continued to grow, it has fallen by 7% YoY, primarily due to the ongoing decline in ore grades at the company's flagship Segovia operations.

In a recent press release Gran Colombia stated that production at Segovia in April and May increased by 11% in comparison to the first quarter 2013 to a record high of 235 ounces per day. This indicates that the mine development program is already paying dividends for the company and bodes well for further increased production, which will offset the fall in the gold price.

Ore grades remain in decline

A key concern for investors is that Gran Colombia's ore grades have continued to decline at its flagship Segovia operations, which is responsible for 78% of the company's production. The head grade of the gold ore extracted has continued to fall, with the head grade down by 11 grams per ton in the first quarter, but the recovery rate has increased by almost 7% QoQ to be 83%, although this is still 13% lower YoY, as the chart below illustrates.

(click to enlarge)

Source data: Gran Colombia Financial Filings 1Q12 to 1Q13.

This issue is currently being dealt with by way of a mine development program at Segovia and it is expected that head grades will start to improve by the end of the second quarter 2013. But despite this program, there is no guarantee that head grades will increase significantly once the program is complete. This in itself does not bode well for any substantial increase in head grades and indicates that grades in the future may continue to fall as the operation moves closer to depletion point.

The outlook for the price of gold is volatile potentially making high cost producers unprofitable

At the time of writing gold is trading at $1,350 per ounce which is almost 25% below its 52-week high of $1,792 reached in December 2012. Furthermore, the outlook for gold remains relatively pessimistic with it expected to have an average price per ounce during 2013 of $1,400, which will fall to $1,300 in 2014. This significant fall in the price of gold will impact the profitability of gold miners and in particular those high costs operators such as Gran Colombia.

But investors should be aware that as the chart below illustrates Gran Colombia is a particularly high cost operator in comparison to its peers, with an average total cash cost per ounce of $1,281 in the first quarter 2013. This is more than 39% higher than Barrick Gold (ABX) and more than double Buenaventura (BVN) and New Gold (NGD).

(click to enlarge)

Source data: Gran Colombia, Barrick Gold, Buenaventura and New Gold Financial Filings 1Q13.

Furthermore, with the gold price continuing to fall and the outlook less than optimistic I do not believe that Gran Colombia's current production is sustainable on total cash cost basis unless there is a significant reduction in the average cash cost per ounce to under $1,000.

Financial performance is improving

Gran Colombia's financial performance for some time now has been in decline with the company having reported a net loss for the three quarters prior to the first quarter 2013. These losses have been predominantly driven by issues relating to costs, exploration and development expenses and fair value adjustments. For the first quarter 2013 despite revenue remaining flat QoQ and falling by 12% YoY, the company saw its net income increase significantly both in comparison to the previous quarter and the equivalent period in the previous year to $10 million, as the financial snapshot below illustrates.

Source data: Gran Colombia Financial Filings 1Q12 to 1Q13.

However, disappointingly this significant jump in net income was not driven by sales growth or reduced costs but by mark-to-market (MTM) gains of $15.5 million on the value of financial instruments held by the company. This includes a MTM gain of $13.5 million on the Silver Notes and a $2.4 million gain on the Gold Notes held by Gran Colombia. While any income is desirable for investors, I would like to see Gran Colombia grow consistently both its revenue and net income as a means of demonstrating to investors that its core gold mining operations are sustainable and profitable.

Exploration and mine development outlook is positive

As I indicated in my last review of Gran Colombia, exploration and mine development are key to the company's growth, particularly with regard to increasing proven and probable reserves, production and ore quality. This includes the company needing to continue developing both its Segovia and Marmato operations as well as continuing its exploration projects to build its reserves.

Marmato upgrade

During 2013 the company has scheduled a range of improvements to its Marmato mining operations including the upgrading of the crusher being scheduled for the second quarter 2013 and the modernization and expansion of that location's underground operation there commencing in the third quarter 2013. This upgrade includes an assessment of the Marmato operations resources in order to develop further growth strategies.

Segovia upgrade

The company continues to press on with developing its Segovia operations in order to boost production and head grades, which should be completed by the end of second quarter 2013. It is also focused on bringing on line the Pampa Verde operation which includes:

Providing mechanized mining access to the Providencia, Silencio and Sandra K mines.

Developing and mining new vein systems.

Installing new plant and tailing facilities (which have been approved).

These are expected to boost Segovia's production to 2,000 ounces of gold annually and reduce the average total cash cost per ounce to around $900. First production from the project is expected in the third quarter 2014 and to date it is under budget with a current estimated total cost of $84 million, which is $6 million less than the original estimated cost.

(click to enlarge)

Source: Gran Colombia Gold Q1 2013 Results.

The completion of this project bodes well for Gran Colombia to be able to boost production and reduce the total cash cost per ounce reduced to a sustainable and profitable level.

The company has also continued with its exploration program at Segovia, which is focused on upgrading 200,000 ounces of gold from inferred to indicated. This project consists of the drilling of 82 holes and 2,000 meters and at the end of the first quarter 2013 was 88% complete, with an official valuation to take place in July 2013 to confirm the outcome of the upgrade. The results of the upgrade on a mine by mine basis at the end of the first quarter 2013 are set out in the chart below.

(click to enlarge)

Source: Gran Colombia Gold Q1 2013 Results.

It is clear the Gran Colombia is committed to further developing its flagship Segovia operations, which will not only see a reduction in production costs but the growth of the company's reserves particularly proven along with measured and indicated. When this development is concluded it should add considerable value to Gran Colombia's operations and hopefully see the company finally deliver value to shareholders as previously promised.

Mazamorras exploration property

Gran Colombia is currently continuing with its formal process to sell 100% of its interest in the Mazamorras exploration property, with several parties currently interested in acquiring the property. The Mazamorras acquisition was not a successful venture for Gran Colombia and saw a $3.4 million impairment charge made against it in the second quarter of 2012. The sale of this property will be a positive outcome for investors because it will remove what is increasingly looking like a liability on the company's books and free up cash for further investment in the Segovia and Marmato improvements.

Gran Colombia has promising development and exploration operations, which with their focus on the company's existing operations in Segovia and Marmato bodes well for their success. The completion of these projects should allow Gran Colombia to improve both its profitability and reserves along with unlocking value for shareholders. But any failure by Gran Colombia to successfully completed these operations as planned will generate further concern in the market with the company having a long history of over-promising and under-delivering.

Valuing Gran Colombia

In order to determine the indicative fair value for Gran Colombia I have used the same net asset valuation methodology that I used in my last article on Gran Colombia in order to determine its indicative fair value per share. However, I have adjusted by assumptions to take into account the positive and negative catalysts identified in this article in conjunction with the revised outlook for the gold price. The key assumptions that I have used in this valuation are set out below:

I have discounted all future cash flows by 10% to determine their present value.

I have factored in an additional 6% risk premium into the discount calculation to represent the risk inherent from operating in Colombia, thus totaling all future cash flows by a total of 16% to derive their present value.

I have discounted the value of all cash flows from Gran Colombia's measured and indicated reserves by 50%, to represent the likely portion of those reserves that will become available to the company.

I have discounted the company's inferred reserves by 75% to represent the likely portion of those reserves that will go on to generate revenue.

I have used an average gold price of $1,429 per ounce representing the average of the first quarter 2013 realized price of $1,639 per ounce combined with the outlook for 2013 of an average price of $1,400 per ounce and $1,300 for 2014.

I have used a recovery rate of 86% representing the average recovery rate for Gran Colombia over the last five quarters.

I have used an average cash cost per ounce of $1,167 representing the average cash cost per ounce produced as at the end of March 2013.

I have conducted the valuation over a ten-year period with no residual value to represent the finite life of Gran Colombia's current gold reserves.

I have calculated the present value of debt and asset retirement obligations using a 3% growth rate (representing the long-term GDP growth rate) over the period of the valuation factoring in the likelihood that these will continue to grow in value as the company expands.

I have not factored in any increase in reserves from exploration operations and future discoveries because of the uncertainty that surrounds gold exploration.

After taking these assumptions into account and using the NAV methodology I have determined an indicative fair value per share for Gran Colombia of $4.61 as the chart below illustrates.

With Gran Colombia at the time of writing trading at $2.29 per share this represents potential upside of just over 100% for investors. However, the key drivers of this valuation are the gold price, ore grades and recovery rates and the total average cash cost per ounce. Accordingly, it should be noted that any significant change in these will affect the company's indicative valuation.

To give an indication of how these can affect Gran Colombia's valuation in my last article I determined a pre-consolidation indicative price per share of $0.57, which on a post-consolidation basis is an indicative fair value per share of $14.25. This earlier indicative fair value per share is 68% higher than the current fair value per share and this is because when it was calculated I assumed an average price of gold of $1,773 per ounce, a recovery rate of 91% and an average total cash cost per ounce of $1,261. As the difference in the current valuation and earlier valuation illustrates, should any of those key assumptions change then the indicative fair value of Gran Colombia will change significantly.

Opportunities for investors

Already after announcing record production at its Segovia operations Gran Colombia's share price spiked by just over 9% on the 24th June 2013 and I would expect to see Gran Colombia's share price continuing to rise on the back of the mine development operations at Segovia reaching completion in mid 2014. This will boost production and reduce costs, in particular the average cash cost per ounce to under $1,000, boosting Gran Colombia's profitability. Furthermore, the release of official reserve assessments later in 2013 should also boost the company's share price as its measured and indicated reserves will increase as a result of the exploration and mine development work at both Segovia and Marmato.

Bottom line

As this article illustrates, Gran Colombia continues to remain significantly under-valued by the market, offering investors potential upside of just over 100%. A key driver of Gran Colombia's sell-down has been the increasing antipathy of investors towards small-cap gold miners operating in what are perceived to be high risk geo-political and economic environments such as Colombia. This has seen many investors move to reduce their exposure to economic and political risk in their portfolios.

In addition, while Gran Colombia remains significantly undervalued by the market, it is still a speculative high risk play for investors. This is because of the company's volatile cost and production history, combined with the risks that a high average cash cost per ounce producer presents in a macro-environment where the outlook for gold remains volatile and uncertain. All of which, has worked to push down Gran Colombia's share price to compelling levels, creating a speculative deep value investment opportunity for patient risk tolerant investors.

But this is reliant on the company being able to maintain its average total cash cost per ounce at under $1,170, along with Gran Colombia receiving an average price per ounce of $1,429. Should any of those change, then this indicative valuation will change markedly. But at this time with Gran Colombia trading at a price that gives investors potential upside of just over 100% there is a significant margin of error. This despite the speculative nature of the company's operations at this time, makes Gran Colombia's current trading price a compelling entry point for speculative risk tolerant investors.
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Tommy Tommy 11 years ago
$TPRFD - $GCM.TO - Gran Colombia Gold announces an 11 percent increase in average daily gold production in April and May 2013 and further improvement in cash costs at the company's Segovia Operations

http://grancolombiagold.com/investors/press-Releases/press-releases-details/2013/Gran-Colombia-Gold-announces-an-11-percent-increase-in-average-daily-gold-production-in-April-and-May-2013-and-further-improvement-in-cash-costs-at-the-companys-Segovia-Operations/default.aspx

TORONTO, June 24, 2013 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM) announced total gold production at its Segovia Operations in April and May 2013 of 14,367 ounces, or 235 ounces per day, an increase of 11 percent over average gold production of 212 ounces per day in the first quarter of 2013.

The month of May also reflected positive results from the company's cost cutting initiatives, with cash costs at the company's Segovia Operations improving to $1,073 per ounce, down from $1,315 per ounce in the first quarter of 2013.

"In May, we achieved the highest monthly production in the company's history at our Segovia Operations", said Serafino Iacono, Executive Co-Chairman of Gran Colombia. Mr. Iacono further noted that, "I am pleased to announce that we continue to progress towards meeting our annual production target for 2013, and that the cost cutting initiatives identified and implemented across all aspects of our business are resulting in significant reductions in our cost structure that will allow the company to meet its 2013 cash flow targets in the current gold price environment".

Production improvements in April and May were driven by continued improvement at the company's Segovia Operations, with the daily average mill rate at the Maria Dama plant processing more than 1,000 tonnes of ore per day for the third consecutive month. The Marmato Underground operations remained steady in April and May, producing a total of 3,342 ounces of gold, or 55 ounces per day. This resulted in total gold production for the company in April and May of 17,709 ounces of gold, or 235 ounces per day, a 7 percent improvement from the first quarter of 2013.

In May 2013, Segovia Operation's cash cost decreased to $1,073 per ounce of gold due to the cost reduction initiatives implemented by the company in 2013, the impact on fixed costs per ounce of the higher production rate, the impact on artisanal mining costs of lower gold prices and weakening of the Colombian Peso against the U.S. dollar. In 2013, management embarked on a comprehensive review of its operations, identifying and implementing $16.2 million in annualized cost savings. This program resulted in $850,000 per month of savings starting in February 2013, and further actions were implemented in May to reduce approximately $500,000 per month on a phased-in basis over the next couple of months, continuing to reduce cash costs per ounce in the second half of 2013.

The company also confirms that it is on track to make the scheduled 5 percent semi-annual interest payment on its silver-linked notes on June 30, 2013.

About Gran Colombia Gold

Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. In addition, Gran Colombia is advancing a project to develop a large-scale, gold and silver mine at its Marmato operations.
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Tommy Tommy 11 years ago
$TPRFF - $GCM.TO - Gran Colombia Gold announces the consolidation of its common shares and warrants

http://grancolombiagold.com/investors/press-Releases/press-releases-details/2013/Gran-Colombia-Gold-announces-the-consolidation-of-its-common-shares-and-warrants/default.aspx

... " TORONTO, June 14, 2013 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM; TSX: GCM.WT; GCM.NT.U) is pleased to announce the approval of the proposed consolidation of its issued and outstanding Common Shares on a one-for-twenty-five basis. As a result of the consolidation, there will be 15,279,936 Common Shares issued and outstanding on a post-consolidated basis. The Company has also consolidated all of its issued and outstanding Warrants on the same basis.

The Company received Toronto Stock Exchange approval for the consolidation of the Common Shares and Listed Warrants (TSX: GCM.WT) on June 14, 2013, and commencing at the opening of trading on June 18, 2013, the Common Shares and Listed Warrants will trade on a post-consolidated basis on the TSX. The Company's name and trading symbols will remain unchanged. The following table summarizes the structure of the Company's Warrants following the consolidation:" ...
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Tommy Tommy 11 years ago
$TPRFF - $GCM.TO - Voting results of the Annual and Special Meeting of the Shareholders of Gran Colombia


http://grancolombiagold.com/investors/press-Releases/press-releases-details/2013/Voting-results-of-the-Annual-and-Special-Meeting-of-the-Shareholders-of-Gran-Colombia/default.aspx
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Tommy Tommy 11 years ago
$TPRFF - $GCM.TO - Chart Update

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Tommy Tommy 11 years ago
$TPRFF - $GCM.TO - Gran Colombia Gold announces improvement in Segovia's cash cost to $1,164 per ounce in March 2013 and production of 24,350 ounces of gold in first quarter of 2013

http://grancolombiagold.com/investors/press-Releases/press-releases-details/2013/Gran-Colombia-Gold-announces-improvement-in-Segovias-cash-cost-to-1164-per-ounce-in-March-2013-and-production-of-24350-ounces-of-gold-in-first-quarter-of-2013/default.aspx

... " TORONTO, April 16, 2013 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM) announced today that the cost reduction program initiated in January at its Segovia Operations is already having a positive impact on its all-in sustaining cost per ounce. Cash cost, the primary component of the company's all-in sustaining cost, at the Segovia Operations decreased to an average of $1,337 per ounce for the first quarter of 2013, down from $1,604 per ounce in the fourth quarter of 2012. The company's cost reduction program resulted in $850,000 per month of savings starting in February, with approximately $700,000 directly related to operating costs and the balance to general and administrative expenses. As a result of the realized cost reductions and the improvement in gold production, Segovia's cash cost decreased to $1,164 per ounce in the month of March.

"We are pleased to report a significant improvement in our first quarter cash cost results at Segovia," said Serafino Iacono, Executive Co-Chairman of Gran Colombia. "The actions that we have taken to reduce our cash costs are an important first step in improving our cash margins and we are continuing to identify opportunities for further cost reductions while the Pampa Verde project, that is now underway, will be the foundation of our low cost, modern mining operations in Segovia."" ...
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Tommy Tommy 11 years ago
$TPRFF - $GCM.TO - Gran Colombia Gold Announces Filing of Notice and Access

04/03/2013

TORONTO, April 3, 2013 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM) will be taking advantage of the new Notice-and-Access rules to further its cost cutting efforts by reducing printing and mailing costs. Notice-and-Access permits annual financial statements, management's discussion and analysis and meeting circulars to be posted on public companies' websites instead of being mailed to shareholders. In accordance with the rules, the Company has filed a first time notice of use of Notice-and-Access, which is available on the Company's profile at www.sedar.com. The Company will post on its website the meeting circular, annual financial statements and management's discussion and analysis in respect of its upcoming annual general meeting to be held on May 31, 2013.

About Gran Colombia Gold

Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. In addition, Gran Colombia is advancing a project to develop a large-scale, gold and silver mine at its Marmato operations.
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Tommy Tommy 11 years ago
$TPRFF - $GCM.TO - Gran Colombia Gold announces year end 2012 results and Segovia operations processing 1,000 tonnes per day in March 2013

http://grancolombiagold.com/investors/press-Releases/press-releases-details/2013/Gran-Colombia-Gold-announces-year-end-2012-results-and-Segovia-operations-processing-1000-tonnes-per-day-in-March-2013/default.aspx

... " 2013 Highlights

Gold production of 100,895 ounces in 2012 represented a 10 percent increase over 2011. Fourth quarter production of 22,116 ounces of gold was adversely impacted by power disruptions at Segovia. Gran Colombia has taken steps to mitigate the power issues and gold production in 2013 has shown improvement over the fourth quarter and no further power interruptions have been experienced in 2013.
Revenues of $168.2 million in 2012 represented growth of 22 percent compared to 2011, primary resulting from production growth, an increase in realized gold prices to an average of $1,664 per ounce for the year and having a full year of operations in 2012 at the Marmato underground mine.
Total cash costs averaged $1,317 per ounce of gold in 2012, up from $1,254 per ounce in the prior year. Segovia's cash cost, averaging $1,341 per ounce in 2012, reflected the impact on artisanal mining costs of higher gold prices in 2012, the numerous challenges encountered during a year of extensive activity to double the Maria Dama plant's milling capacity, power disruptions in the fourth quarter and temporary lower grades in the second half of the year.
Gross Margin of $18.2 million in 2012, improved by $6.7 million, compared to $11.5 million last year.
General and administrative expenses (G&A) of $16.5 million in 2012, up from $15.6 million in 2011 (although 2011 did not include Medoro Resources' G&A prior to the June 2011 merger). In early 2013, the company has taken steps to cut G&A spending by $150,000 per month, a significant contributor in the expected reduction in G&A to a level of $14.5 million in 2013.
Net loss attributed to shareholders of $36.2 million, or $0.09 per share, in 2012 included $7.7 million in transaction costs related to the gold-linked notes financing, $7.2 million loss on the market-to-market of financial instruments, $4.1 million impairment of assets, $3.8 million foreign exchange losses and $3.1 million of acquisition costs.
Exploration highlights included the successful completion of exploration campaigns at Segovia and Marmato that increased total measured, indicated and inferred resources in early 2012 to 1.9 million ounces, 10.2 million ounces and 3.7 million ounces, respectively, and the discovery of a new deep zone mineralization at Marmato. The company commenced a 20,000 meters drilling campaign in October 2012 to upgrade and expand its resources at Segovia. This program is expected to be completed in the second quarter of 2013.
On October 30, 2012, the company closed a $100 million, senior secured 10 percent gold-linked notes financing to fund its Pampa Verde project to reduce costs and increase production at its Segovia Operations." ...
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Tommy Tommy 11 years ago
Yes - the electrical grid outage provided a great buy opp - mining hitting on all cyclinders
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cono-sur cono-sur 11 years ago
Nice buying opportunity for GCM.TO or TPRFF...
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Tommy Tommy 11 years ago
$TPRFF - $GCM.TO - Gran Colombia Gold announces full year 2012 production growth of 10% with total production of 100,895 ounces of gold and strengthening of Segovia's management team

http://grancolombiagold.mediaroom.com/index.php?s=11316&item=135140

... " "Gran Colombia is committed to closing the value gap for our shareholders. The management changes were implemented to provide better focus and accountability on the strategic imperatives of the company," said Serafino Iacono, Executive Co-Chairman of Gran Colombia Gold. "We remain focused on increasing cash flows from our Segovia Operations by doubling our throughput at our existing Segovia operations; on completing the Marmato prefeasibility study and advancing the project to the next phase; and on successfully implementing the Pampa Verde project to build a new, modern mine and plant at Segovia that will significantly reduce cash costs and increase production".

Gran Colombia has completed the internal work on the Marmato prefeasibility study and has engaged Roscoe Postle & Associates to undertake the activities required to certify the study in accordance with NI43-101 guidelines. Roscoe Postle and Associates commenced its work with a site visit in early January and is finalizing its work plan to certify the prefeasibility study.

The company expects to provide its 2013 outlook together with its fourth quarter and full year 2012 results around the last week of March 2013." ...
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Tommy Tommy 11 years ago
$TPRFF - GCM.TO - change of trend to the upside on daily chart
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Tommy Tommy 11 years ago
$TPRFF - GCM.V - Gran Colombia Gold announces third quarter 2012 results with production of 26,912 ounces of gold

http://www.grancolombiagold.com/investors/press-Releases/press-releases-details/2012/Gran-Colombia-Gold-announces-third-quarter-2012-results-with-production-of-26912-ounces-of-gold1131911/default.aspx

... "Segovia Operations Update

In the third quarter of 2012, production at the Segovia Operations totalled 21,114 ounces of gold with an average daily processing rate of 891 tpd, compared to 20,610 ounces of gold with an average daily processing rate of 591 tpd in the second quarter of 2012.

The Company is in the final stages of upgrading the Maria Dama plant to achieve a maximum capacity of 1,500 tpd by early 2013. In September 2012, the Company reached its objective of processing 1,000 tpd, double the historical processing rate at Maria Dama. The new ball mill came on-line in mid-May and the second phase of the plant upgrade got underway in the third quarter with the installation of six new flotation cells, the first four of which are now in operation and the remaining two should be completed in the fourth quarter. Four new cyanidation tanks are also now in operation. While these new flotation cells were being installed, the Company limited mill throughput to approximately 800 to 900 tpd to maintain mill recovery rates between 80% and 85% and then in September, utilizing approximately 2,600 tonnes of material from low-grade stockpiles, increased throughput to an average of 1,066 tpd for the month, including several days where the plant was stress tested with throughput in excess of 1,300 tpd. Processing rates have been maintained at 1,000 tpd in October.

Historically, grades at Segovia, one of the top ten producing mines by grade in the world(1), have averaged in the range of 12 to 14 g/t. However, in the third quarter of 2012, grades averaged approximately 9.5 g/t due to the temporary depletion of higher grade zones in the levels currently being mined at Providencia and El Silencio and, to a lesser extent, the processing of some lower grade stockpiles. At Providencia, where mining activity is being conducted on Level 11, capital development is in process to open up access to higher grade areas on Level 12 that will commence mining in the fourth quarter. Similarly, at El Silencio, the mine contractor is currently working between Levels 18 and 24, where the extra high grade sections (ie greater than 50 g/t) are now depleted and material ranges between 10 and 40 g/t. De-watering activity by the mine contractor, currently down to Level 27, continues but the pumping process is being slowed by depth, taking approximately 45 days to pump each level. As the mine contractor is able to start accessing Levels 24 to 29 over the next few months, grades from El Silencio's gold production will also improve through the inclusion of the extra high grade material." ...
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Tommy Tommy 11 years ago
$TPRFF - GCM.V - Gran Colombia Gold Announces Closing of US$100 Million Financing to Invest in Colombia to Increase Gold Production and Reduce Cash Costs at Segovia Operations

http://www.grancolombiagold.com/investors/press-Releases/press-releases-details/2012/Gran-Colombia-Gold-Announces-Closing-of-US100-Million-Financing-to-Invest-in-Colombia-to-Increase-Gold-Production-and-Reduce-/default.aspx

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Tommy Tommy 11 years ago
$TPRFF - GCM.V - CEO Interview

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Tommy Tommy 11 years ago
$TPRFF - Latest corporate presentation

http://www.grancolombiagold.com/investors/corporate-presentation/default.aspx
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