Gran Colombia Gold (Seite 175)

[Matthias740]

...bin gespannt was der Markt heute in CA zu der Verdreifachung der Dividende sagt.
Ich hätte mit allem gerechnet aber mit sowas nicht. Für mich sind jetzt mittelfristig Kurse über 10$ keine Utopie mehr egal was der Goldpreis macht.

[buyer10]

Antwort auf Beitrag Nr.: 65.680.890 von SmallCapTrade am 12.11.20 09:25:38

Zitat von SmallCapTrade: WAHNSINN!!!! 0.39 USD Nettoertrag pro Aktie, auf Adjusted Basis sogar 0.47 USD Pro Aktie. Das sind 2.44 CAD pro Jahr oder bei 0.39 USD gerechnet halt nur 2.03 CAD auf konservativer Basis. Das gibt ein KGV von 3 auf konservativer Basis!!!

Kann dir nur zustimmen!
Die Ergebnisse sind top und kann die Schwäche bei GCM überhaupt nicht nachvollziehen
Aber egal, ich habe heute auch noch einmal nachgekauft, da ich von dem Wert überzeugt bin und früher oder später es nach oben gehen wird. Aktuell schwächelt der komplette Goldsektor, dadurch mache ich mir keine großen Sorgen.
Den einzigen Kritikpunkt den ich sehe, ist die Ressourcenausweitung. Aber auch dieses Thema wird man in den Griff bekommen.

[SmallCapTrade]

WAHNSINN!!!! 0.39 USD Nettoertrag pro Aktie, auf Adjusted Basis sogar 0.47 USD Pro Aktie. Das sind 2.44 CAD pro Jahr oder bei 0.39 USD gerechnet halt nur 2.03 CAD auf konservativer Basis. Das gibt ein KGV von 3 auf konservativer Basis!!!

Zudem eine Dividendenerhöhung auf 3%, gibt monatlich 0.015 CAD Cash auf die Hand was nur ganz wenige Goldfirmen machen. Wenn da die Grossen nicht erwachen, verstehe ich die Welt nicht mehr. Heute morgen in Stuttgart gerade günstig nachgekauft, Kurs weniger als 2% im Plus gegenüber Canada und das nach solchen Resultaten. Aus meiner Sicht ein blinder Kauf. Zudem wird nun viel gebohrt, in den nächsten Monaten werden uns super Drillings erreichen.

Das Payout Ratio beträgt 8.9%, also werden nicht mal 10% vom Reingewinn ausbezahlt. Sollten die mal die Hälfte vom Gewinn auszahlen, wird die Dividendenrendite 15% betragen...

Zudem haben sie mit den Top Beteiligungen an Caldas und Gold-X viele Reserven vorhanden. Caldas hat übrigens letzte Woche Top Drillings veröffentlicht, dummerweise in einer schlechten Gold-Woche. Zudem haben sie noch weitere Projekte in Venezuela (wäre riesig falls dort eine neue Regierung kommt), in Kolumbien (wird zusammen mit IAMGOLD gebohrt) und in Canada (Ottawa, Abitibi greenstone belt).

WAHNSINN, ICH KANN ES NUR WIEDERHOLEN...

Die negativen Punkte sind:

-Die Kosten sind leicht gestiegen, was mich aber bei diesen Goldpreisen nicht stört (offizielle wegen höheren Steuern)
-Eric Sprott hat sich hier verabschiedet da das Management auf sicher gehen will (ist ja logisch da sie vor 7 Jahren noch ums Überleben kämpfen mussten und nun bei Caldas einen Streaming Vertrag mit Wheaton gemacht haben, somit ist ein Teil der kommenden Produktion schon verkauft was ES gar nicht gefällt da er mit viel viel höheren Goldpreisen rechnet in Zukunft)

Alles in allem war das Negative bereits bekannt, nun kommen aber laufend positive Punkte dazu. Wie gesagt, für mich ein Top Kauf für jemand der mehr Action als bei Barrick Gold sucht aber weniger Action als bei einem reinen Explorer. Zudem sehr gutes Chancen Risikoverhältnis aus meiner Sicht.

Viel Erfolg allerseits
SmallCap

[Matthias740]

Ja, wirklich wahnsinn. Dividendenerhöhung um 200%! Das hätte ich mir nicht träumen lassen. Da schauen jetzt sogar Aktionäre von Newmont und Barrick alt aus! Hab mir gleich nochmals 500Stck zu 4,08€ geholt. Jetzt ist aber mengenmäßig schluss.
Das ist eine Hausnummer! - Es heisst mtl. Dividende - wollen die jetzt wirklich auch monatlich auszahlen?

...und was ich noch nicht verstehe - warum wird der Cashbestand von Caldas weiterhin bei GCM bilanziert? - das ist doch eine eigenständige Firma an der man 53% besitzt? Wird das immer so gemacht?

[Haxe08]

Antwort auf Beitrag Nr.: 65.678.934 von mjp584 am 12.11.20 01:51:19

200% Dividendenerhöhung...Hammer

FCF über 50Mio USD.....Hammer

Etwas negativ sehe ich die höheren Produktionskosten...
Marmato läuft noch nicht rund und der höhere Goldpreis fordert höhere Steuern.

Bei Segovia bekommem zudem die artisal miner jetzt mehr Geld da sie prozentual am höheren Goldpreis profitieren....

Die grades sind bei Segovia im Oktober auf 13,1 g/t gefallen...trotzdem noch knapp 17K Unzen rausgeholt....okay.

Die jetzt monatliche Dividendenzahlung ist echt der Hammer und Marmato wird denke ich nach der in Q3 absolvierten Modifikation auch bald rund laufen....

Um die 2020er guidance zu erfüllen sollten sie jetzt ihre Produktion auf diesem Niveau beibehalten...

Grüße

[mjp584]

Unfassbar geil...😊😊😊


Gran Colombia Reports Third Quarter and First Nine Months 2020 Results; Announces Tripling of Its Dividend and Changing Payment Frequency to Monthly

TORONTO, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today the release of its unaudited interim condensed consolidated financial statements and accompanying management’s discussion and analysis (MD&A) for the three and nine months ended September 30, 2020. All financial figures contained herein are expressed in U.S. dollars (“USD”) unless otherwise noted.

Gran Colombia also announced today that its Board of Directors has approved an increase in its dividend and the Company is changing the payment frequency from quarterly to monthly. The first monthly dividend of CA$0.015 per common share will be paid on December 15, 2020 to shareholders of record as of the close of business on November 30, 2020.

Serafino Iacono, Executive Chairman of Gran Colombia, commenting on the Company’s latest results, said, “Our third quarter results were impressive. The higher spot gold prices helped fuel new highs in quarterly revenue, adjusted EBITDA, adjusted net income, operating cash flow and Free Cash Flow. After the first nine months of 2020, adjusted EBITDA, operating cash flow and Free Cash Flow are already equal to or better than our full year totals in 2019. In light of these results and our confidence in our high-grade Segovia Operations, we are also pleased to announce a significant increase in our dividend rate, from CA1.5 cents per share on a quarterly basis to CA1.5 cents per share on a monthly basis. That represents almost a 3% dividend yield and places us in the top quartile of dividend-paying gold stocks. Moreover, we are only one of two gold companies that are paying a dividend on a monthly basis. With the strength in our balance sheet and Free Cash Flow, we welcome this opportunity to enhance our shareholders return on their investment in our Company.”

Third Quarter and First Nine Months 2020 Highlights

Gran Colombia has announced that it is tripling itsdividend to the equivalent of CA$0.18 per share per annum and changing the payment frequency to monthly. The first monthly dividend of CA$0.015 per common share will be paid on December 15, 2020 to shareholders of record as of the close of business on November 30, 2020.
The Company continued to support the local communities surrounding the Segovia Operations and Marmato Project during the third quarter of 2020, providing groceries to families who have been economically affected by the COVID-19 crisis in addition to donations of medical equipment, supplies and sanitation kits to the local hospitals and masks to the communities.
Gran Colombia’s consolidated gold production in the third quarter of 2020 was 58,454 ounces, up 4% from the third quarter last year. The third quarter 2020 production reflects a 21% improvement over the second quarter of 2020 which had been adversely impacted by the COVID-19 national quarantine invoked in Colombia in late March. With a total of 162,929 ounces of gold produced in the first nine months of 2020, down from 174,754 ounces in the first nine months last year, and another 19,391 ounces in October, the Company is on track to meet its 2020 annual production guidance of a range between 218,000 and 226,000 ounces of gold.
Revenue reached a new quarterly record of $113.1 million in the third quarter of 2020, up 36% from the third quarter last year, as the 30% year-over-year improvement in spot gold prices increased the Company’s realized gold price to an average of $1,875 per ounce sold. For the first nine months of 2020, revenue of $291.2 million was up 22% over the first nine months last year.
Total cash costs (1) per ounce averaged $796 per ounce in the third quarter of 2020 compared with $684 per ounce in the third quarter last year. Higher spot gold prices increased production taxes by approximately $25 per ounce in the third quarter of 2020 compared with the same period last year. Other factors increasing total cash costs in the third quarter of 2020 included an increase in contractor and artisanal mining rates which had last been adjusted in 2017, an increased level of operating development costs at Marmato associated with the preparation of Levels 21 and 22 (the Transition Zone) for expansion of mining activities and additional costs being incurred to maintain the COVID-19 protocols required to protect the health and safety of workers. For the first nine months of 2020, total cash costs averaged $725 per ounce compared with $653 per ounce in the first nine months last year.
All-in sustaining costs (“AISC”) (1) and All-in costs (1) were $1,122 per ounce and $1,190 per ounce, respectively, in the third quarter of 2020 compared with $951 per ounce and $991 per ounce, respectively, in the third quarter last year. The year-over year increase in these metrics can largely be attributed to the increase in total cash costs, new spending on G&A and social contributions in Caldas Gold, and an increased level of sustaining and non-sustaining capex for the Marmato Project. For the first nine months of 2020, AISC and All-in costs averaged $1,014 and $1,089 per ounce, respectively, compared with $886 and $911 per ounce, respectively, in the first nine months last year.
The Company reported record quarterly adjusted EBITDA (1) of $56.7 million for the third quarter of 2020, up 51% over the third quarter last year. For the first nine months of 2020, adjusted EBITDA totalled $144.7 million, up 36% over the first nine months last year. The Company’s trailing 12-months’ adjusted EBITDA at the end of September 2020 was $185.3 million, up 26% over 2019.
Net cash provided by operating activities in the third quarter of 2020 was $67.7 million compared with $30.6 million in the third quarter last year. For the first nine months of 2020, net cash provided by operating activities was $106.0 million, up from $68.7 million in the first nine months last year. The Company’s trailing 12-months’ net cash provided by operating activities at the end of September 2020 was $140.6 million, up 36% over 2019.
Record quarterly Free Cash Flow (1) in the third quarter of 2020 was $53.4 million compared with $19.6 million in the third quarter last year. For the first nine months of 2020, Free Cash Flow amounted to $66.8 million, up $28.2 million over the first nine months last year. The Company’s trailing 12-months’ Free Cash Flow at the end of September 2020 was $88.8 million, up 46% over 2019.
The Company’s balance sheet remained solid with total cash of $138.2 million at the end of September 2020, including $43.0 million in Caldas Gold, of which $34.7 million represents the net proceeds of Caldas Gold’s Special Warrant financing completed in the third quarter of 2020 that will be used as part of the funding for its Marmato Deep Zone (“MDZ”) project.
The aggregate principal amount of Gold Notes outstanding is currently $35.5 million. In October, Fitch Ratings upgraded the Company from B to B+ Stable Outlook.
The Company reported net income of $18.0 million ($0.39 per share) compared with $9.0 million ($0.18 per share) in the third quarter last year. For the first nine months of 2020, the Company reported net income of $23.7 million ($0.53 per share) compared with $17.7 million ($0.36 per share) in the first nine months last year.
Adjusted net income (1) for the third quarter of 2020 was $29.5 million ($0.47 per share), up from $16.0 million ($0.33 per share) in the third quarter last year. For the first nine months of 2020, adjusted net income improved to $68.2 million ($1.14 per share) compared with $43.0 million ($0.88 per share) in the first nine months last year. The year-over-year improvement in adjusted net income for the third quarter and first nine months of 2020 largely reflects the positive impact of higher gold prices in 2020, partially offset by the COVID-19 impact on gold sales volumes in the second quarter of 2020.
The Company currently has six diamond drill rigs in operation at its Segovia Operations, with four rigs operating underground carrying out resource definition of the Providencia, Sandra K and El Silencio mines, one rig operating from Level 3 of the Sandra K mine targeting the down-plunge extension of the southern ore-shoot of the El Silencio mine and one rig on surface testing the easternmost end of the Providencia mine. In October 2020, the Company commenced its regional exploration campaign, delayed from earlier this year due to COVID-19 restrictions, with two additional rigs operating from surface in a 3,500m drilling program at the brownfield Vera vein located east of the Sandra K-Cogote vein system expected to be completed by the end of 2020. The regional exploration program, which will continue in 2021, represents a large diamond drilling campaign focused on the most prospective brownfield exploration targets within the 24 known veins at its Segovia Operations which are not currently being mined.
53.5%-owned Caldas Gold continues to advance its plan to build Colombia’s next major gold mine. Following the release of its Preliminary Feasibility Study for its Marmato Project in early July, Caldas Gold completed a CA$50 million bought deal private placement of Special Warrants in late July, of which Gran Colombia acquired CA$20 million to maintain its equity ownership above 50%. In late August, Caldas Gold finalized an $83.1 million private placement offering of Subscription Receipts, exchangeable into senior secured gold-linked notes and warrants of Caldas Gold, including $10 million acquired by Gran Colombia. On November 5, 2020, Caldas Gold announced it had entered into a $110 million stream financing agreement with Wheaton Precious Metals International Ltd. The net proceeds from these three financings will be used by Caldas Gold to fund the planned expansion of mining operations into the MDZ. Caldas Gold is also continuing its drilling campaign at Marmato and recently announced it has extended the Main Zone by 300m along strike and it remains open.


Selected Financial Information

Third Quarter Nine Months
2020 2019 2020 2019


Operating data
Gold produced (ounces) (4) 58,454 56,271 162,929 174,754
Gold sold (ounces) (4) 59,633 56,284 168,412 174,697
Average realized gold price ($/oz sold) $ 1,875 $ 1,458 $ 1,712 $ 1,348
Total cash costs ($/oz sold) (1) 796 684 725 653
AISC ($/oz sold) (1) 1,122 951 1,014 886
All-in costs ($/oz sold) (1) 1,190 991 1,089 911

Financial data ($000’s, except per share amounts)
Revenue $ 113,138 $ 82,952 $ 291,248 $ 238,017
Adjusted EBITDA (1) 56,688 37,595 144,688 106,068
Net income 18,027 9,014 23,704 17,685
Per share - basic 0.39 0.18 0.53 0.36
Per share - diluted 0.17 0.18 0.52 0.36
Adjusted net income (1) 29,503 16,034 68,239 43,003
Per share - basic 0.47 0.33 1.14 0.89
Per share - diluted 0.40 0.27 0.96 0.77
Net cash provided by operating activities 67,712 30,606 105,954 68,655
Free cash flow (1) 53,365 19,630 66,821 38,658

September 30, December 31,
2020 2019

Balance sheet ($000’s):
Cash and cash equivalents $ 138,195 $ 84,239
Gold Notes, including current portion – principal amount outstanding (2) 38,413 68,750
Convertible Debentures – principal amount outstanding (3) CA20,000 CA20,000

(1) Refer to “Non-IFRS Measures” in the Company’s MD&A.
(2) The Gold Notes are recorded in the Interim Financial Statements at fair value. At September 30, 2020 and December 31, 2019, the carrying amounts of the Gold Notes outstanding were $41.0 and $69.0 million, respectively.
(3) The Convertible Debentures are recorded in the Interim Financial Statements at fair value. At September 30, 2020 and December 31, 2019, the carrying amount of the Convertible Debentures outstanding was $22.4 million and $21.1 million, respectively.
(4) Includes 100% of Caldas Gold production and sales.


Thir d Quarter 2020 Results Webcast
As a reminder, Gran Colombia will host a conference call and webcast on Thursday, November 12, 2020 at 10:00 a.m. Eastern Time to discuss the results.

Webcast and call-in details are as follows:

Live Event link: https://edge.media-server.com/mmc/p/c5ejtedn
Canada Toll / International: 1 [phone]
North America Toll Free: 1 [phone]
Colombia Toll Free: 01 800 9 156 924
Conference ID: 49986279
A replay of the webcast will be available at www.grancolombiagold.com from Thursday, November 12, 2020 until Thursday, December 17, 2020.

About Gran Colombia Gold Corp.

Gran Colombia is a Canadian-based mid-tier gold producer with its primary focus in Colombia where it is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. Gran Colombia owns approximately 53.5% of Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF), a Canadian mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato Project in Colombia. Gran Colombia’s project pipeline includes its Zancudo Project in Colombia together with an approximately 18% equity interest in Gold X Mining Corp. (TSXV: GLDX) (Guyana – Toroparu Project) and an approximately 26% equity interest in Western Atlas Resources Inc. (“Western Atlas”) (TSXV: WA) (Nunavut – Meadowbank Project).

Additional information on Gran Colombia can be found on its website at www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com .

[SmallCapTrade]

Abwarten. Big Money is watching Gold, spätestens seit dem Buffet Einstieg bei Barrick. Und nun liefern alle Hammerzahlen, rein bewertungstechnisch werden die Grossen den Goldsektor nicht ewigs ausser Acht lassen. Aktuell schauen sie noch, ob es einen grösseren Gold Rücksetzern geben wird. So bald die PK's und Fonds merken, dass die Goldfirmen auch bei Gold 1500 pro Unze sehr viel Geld verdienen (oder Gold gar nie mehr auf dieses Niveau zurückfällt), werden sie in Scharren kaufen. Bisher stelle ich zwar noch keine Euphorie fest, die Goldrückschläge werden bei den grösseren Goldminen allerdings nicht mehr so abverkauft wie noch ein den letzten 7-8 Jahren.

Wer Lust und Zeit hat sollte sich zwingend diese ähnliche Einschätzung (in Englisch) von EB Tuker anschauen:



Viel Erfolg allerseits
SmallCap

[Osito2012]

Heute geht es wieder unter die 6 CAD. Ich vermute, dass nach den Zahlen mehr Leute aussteigen als zukaufen.....Minen sind und bleiben nicht " en vogue"....

[Matthias740]

Antwort auf Beitrag Nr.: 65.669.571 von SmallCapTrade am 11.11.20 11:55:40

😂...naja wenn du nachgekauft hast dann sollte jetzt der Kurs wirklich nach Norden gehen! (ich habe übrigens letzte Woche auch nochmals a bisl was bei unter 4€ nachgekauft😉)

....Spass beiseite - GCM muss liefern in Form von Gewinnen (Einmaleffekte, Sonderabschreibungen unter anderen in Bezug auf Ausgliederungen usw. dürften ja irgendwann mal abgeschlossen sein) einer saftigen Dividendenerhöhung.

[Haxe08]

Antwort auf Beitrag Nr.: 65.669.571 von SmallCapTrade am 11.11.20 11:55:40

Da bin ich absolut bei dir...ich denke auch nicht dass hier schon gute Zahlen im Kurs enthalten sind...
Zum Vergleich, wir haben in Q2 einen Verlust von glaube ich 16Mio USD eingefahren...der war zwar auf Grund des höheren Aktienkurses im Vergleich zu Q1 aber so steht es halt auf dem Papier...
Auch der FCF lag im ersten Halbjahr unter 20Mio...bedingt durch hohe Steuerzahlungen..
In Q3 werden wir vermutlich ca. 40Mio USD ausweisen und ich denke nicht dass das hier alles im Kurs drin ist...
Dividendenerhöhung wäre echt geil, ich sehe die chance bei rund 60%...

Naja morgen sind wir alle schlauer...

Grüße