ARIS MINING CORPORATION Gran Colombia's | |
Mid-Tier Latin American Gold Producer | new polymetallic |
recovery plant |
Third Quarter &
First Nine Months 2021 Results
Lombardo Paredes Arenas, CEO
Mike Davies, CFO
TSX: GCM | OTCQX: TPRFF | www.grancolombiagold.com |
1 |
Disclaimer
Forward-Looking Statements
This presentation contains "forward-looking information", which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects, and, specifically, statements concerning anticipated growth in annual gold production, future cash costs, AISC and All-in costs, future G&A and capex, free cash flow, future repayments of its gold-linked notes, and other statements that are not historical facts. 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 Gran Colombia 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 presentation and Gran Colombia 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.
All amounts are denominated in U.S. dollars, unless indicated otherwise.
Gran Colombia Gold | Q3 & First Nine Months 2021 Results | TSX: GCM | OTCQX: TPRFF |
Q3 Highlights
Growth Through Diversification
Acquisition of Toroparu Project in June 2021
Closed $300 million Senior Notes offering
in August 2021 to fund Toroparu construction
Gold Notes fully retired in September 2021
On track with 2021 production guidance - narrowing
range to between 203,000 to 210,000 ounces of gold from Segovia
Nearing Completion of an updated mineral resource estimate and PEA for the Toroparu Project incorporating the high-grade results from the 2020-2021 drilling program undertaken by Gold X
Adding revenue diversification at our Segovia Operations through a new polymetallic recovery plant
that will recover commercial quantities of zinc and lead as well as gold and silver into concentrate from our tailings
Through our ESG programs, we have administered COVID-19 vaccines to almost 100% of our workers in Colombia
Gran Colombia Gold | Q3 & First Nine Months 2021 Results | TSX: GCM | OTCQX: TPRFF | | 3 |
Q3 Highlights
3rd Quarter | Nine Months | |||
2021 | 2020 | 2021 | 2020 | |
49,848 | 58,454 | Gold production (ozs) | 153,532 | 162,929 |
$1,784 | $1,875 | Realized gold price ($/oz) | $1,798 | $1,712 |
$845 | $796 | Cash cost ($/oz) (1) | $825 | $725 |
$1,218 | $1,122 | AISC ($/oz) (1) | $1,160 | $1,014 |
$90.7M | $113.1M | Revenue | $289.0M | $291.2M |
$39.9M | $56.7M | Adjusted EBITDA (1) | $134.3M | $144.7M |
$25.3M | $18.0M | Net income | $173.4M | $23.7M |
$0.26 | $0.39 | Per share | $2.32 | $0.53 |
$14.4M | $29.5M | Adjusted net income (1) | $69.9M | $68.2M |
$0.15 | $0.47 | Per share | $0.78 | $1.14 |
$26.7M | $68.0M | Operating cash flow | $53.1M | $106.9M |
$12.1M | $53.7M | Free cash flow (1) | $11.6M | $67.8M |
$3.6M | $Nil | Dividends paid | $8.0M | $Nil |
(1) Refer to the Company's MD&A for computation..
Gran Colombia Gold | Q3 & First Nine Months 2021 Results | TSX: GCM | OTCQX: TPRFF | | 4 |
Capital Structure
Exchanges
TSX: GCM
OTCQX: TPRFF
Market Capitalization
CA$538.7 million (1)
Common Shares
98.5 million
52 Week High/ Low
CA$8.40/ CA$4.50
Fully Diluted
132.1 million shares
NCIB (2)
Commenced October 20, 2021
Warrants
GCM.WT.B: 10.4 million @ CA$2.21 (2024 expiry)
Unlisted: 16.9 million @ CA$1.90 to CA$6.50 (2022-2024expiry)
Stock Options
2.5 million @ CA$2.55 to CA$6.88 (2022-2026expiry)
Convertible Debentures
CA$18 million @ CA$4.75 (2024 expiry)
Senior Unsecured Notes due 2026
US$300 million at 6.875% coupon
$10 | 1,000,000 |
$8 | 800,000 |
$6 | 600,000 |
$4 | 400,000 |
$2 | 200,000 |
$0 | 0 |
Volume | Close | (1) Based on CA$5.47 at close on November 10, 2021. | |
(2) The NCIB will allow the Company to purchase for cancellation up to 9,570,540 Shares of the Company over a 12-month period.
Gran Colombia Gold | Q3 & First Nine Months 2021 Results | TSX: GCM | OTCQX: TPRFF | | 5 |
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Gran Colombia Gold Corp. published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 14:03:01 UTC.
