Gran Colombia Gold (Seite 301)

[JamesMcFly]

Antwort auf Beitrag Nr.: 61.937.303 von German2 am 15.11.19 21:42:53

Die cash Kosten liegen bei 684 USD. Und das bei den Grades. Unglaublich.

Flz

[German2]

Antwort auf Beitrag Nr.: 61.935.617 von JamesMcFly am 15.11.19 18:21:14

also ichj weiss nicht was du willst.. die Cashkosten in Segovia liegen um die 600$ ..die optisch hohen AISC kommen durch die verstärkten Explorationaaktivitäten und Infrastruktur-upgrades ... naja, egal , du willst es scheinbar bicht verstehen ...sinnlos da immer wieder drauf einzugehen

[subwave0]

Interessant ist auch der Teil wo sich glaube ich Mike Davis verquatscht und die Katze aus dem Sack lässt.."Maybe there will be other opportunities for us to take a look at"
..und gleich von Paredes verbessert wird....


Unidentified Analyst

Okay. So I look at Gran Colombia's balance sheet now and we're at 0.2 times debt-to-EBITDA, which is about the best in the sector I look at every company. And I'm showing free cash flow next year of US$70 million after all of our debt paydowns that we can make even if we allow a little bit of exploration let's say extra $5 million in Segovia.

It seems to me like we'd have plenty of room to self finance this and take on a little bit of debt to do Marmato if we wanted to. What else are we going to do with their cash in the meantime, since we're not going to be spending it on Marmato? What are we going to do with that $60 million or $70 million of free cash flow?

Mike Davies

Well, we do have an aggressive plan in Segovia. One of the things that keeping that cash in hand is going to help us do is potentially fund the expansion of any new mining areas that come that aren't currently in our capital program and we'll wait and see. Maybe there will be other opportunities for us to take a look at.

Lombardo Paredes

Excuse me, Mike in fact, if we will meet our expectation with the exploration programs, we are going to need money to make development in our infrastructure. That will consume a lot of money.

[Haxe08]

Lombardo Paredes

Okay. The thing is the following we are launching a new -- a complete new exploration program in Segovia, which comprised 70,000 meters of exploration. And we are using -- also for that exploration campaign we are using GoldSpot. It's a company we've used neural networks artificial intelligence to improve accuracy of our exploration program.

At Segovia, if you look for the average of the grade of Segovia from -- around 15.6 something like that. So I do not expect that this year we are going to have grade much different from the grade that we have -- that we have had in 2018 and 2019.

[subwave0]

Our all-in sustaining costs increased to $951 per ounce in the third quarter this year, up from $855 per ounce in the first half of this year. In addition to the increase in cash costs in the third quarter, we increased our spending on sustaining CapEx in Q3 by about $23 per ounce, primarily at Segovia where we stepped up our investment in the infrastructure to support the deep development at El Silencio, and we acquired some additional mining equipment.

And our G&A increased in Q3 by about $31 per ounce, mainly associated with a temporary period of far heavier volume of legal work required this quarter related to our free trade arbitration claim with the government of Colombia. That brought our all-in sustaining costs for the first nine months of 2019 to an average of $886 per ounce. We expect our G&A in Q4 will go back to a more typical quarterly rate and given our expected sustaining CapEx in Q4, our annual all-in sustaining costs should finish the year below $925 per ounce.

We incurred $40 per ounce of non-sustaining CapEx in Q3, primarily on the drilling and the PEA work at Marmato, resulting in an all-in cost for Q3 of $991 per ounce. That brought, our all-in cost for the first nine months of the year to an average of $911 per ounce, and we expect that our full year average for 2019 will remain below $950 per ounce as guided.



Sid Rajeev

Hi. Congratulations gentlemen on the strong results. I have a question regarding the grades at Segovia. It was mentioned that the grades were affected as the company was preparing new mining areas. Could you please provide some color on this? Do you have a number on what was the average grade excluding the stockpile processed?

L
Lombardo Paredes

Yeah. We are -- now we have three mines in operation and -- which is El Silencio, Providencia and Sandra K. And also we are in another mine which is Carla. And we have potential -- according with the preliminary result of operation we have potential for the two new mines which are Cristales and Vera. And in El Silencio for example in the deep Silencio in which part we are executing a project, we are expecting to have very good result in relation with the grade.

For example, in the initial phase we are attracting only something like 70 tonnes per week. In that portion, we are developing that project !! and the grade is around 35 !!. And the -- in Providencia also we have another -- we have -- are advancing a project exploration in which there is the possibilities are great possibilities that we find another ore short, which will increase the life of the mine for another five years.

[subwave0]

https://seekingalpha.com/article/4307052-gran-colombia-gold-…

[subwave0]

Leute wann merkt ihr endlich das euch dieser Troll immer wieder nur provozieren will. Ist es euch nicht zu blöd da immer noch auf irgendetwas zu reagieren ?? Ich verstehs echt nicht, wie viele einschlägige Erfahrungen braucht es um diesen Hohlschwätzer keine eigene Beachtung mehr zu schenken ?

[startvestor]

Antwort auf Beitrag Nr.: 61.935.617 von JamesMcFly am 15.11.19 18:21:14

Dann sollte das Bohrprogramm doch sofort eingestellt werden, um die AISC auf die TCC zu drücken, Reserven haben die doch genug.

[JamesMcFly]

Antwort auf Beitrag Nr.: 61.935.287 von Haxe08 am 15.11.19 17:43:23

Du hast mein Punkt nicht ganz verstanden. Auch 3g/t open pit kann sehr gut sein, es kommt auf die Marge an.
Was ich bei GCM kritisiert ist, dass man aktuell deutlich über den ausgewiesenen Grades der Reserve produziert und trotzdem noch solch hohe Kosten hat. Wie hoch werden die Kosten, wenn man wieder bei den normalen Grades ankommt? Man braucht also diese Wahnsinnsgrades. Und die Marge bei den super Grades ist einfach schlecht. Wer 17g/t hat, der sollte nicht knapp unter 1000 US AISC liegen, sondern Richtung 500-600 US. Siehe beispielsweise Kirkland. Ähnliche Grades, aber ganz andere Margen.
Darüber hinaus bleibt natürlich das Problem der Reserven und ungewissen Zukunft.

Just my two cents.

Flz

[Alfons1982]

JamesMcFly

Sie Shorten doch seit Monaten schon Gran Colombia. Bei den schlechten Zahlen, müssten Sie jetzt eigentlich, weiter Ihre Shortpositionen vergrößern, oder nicht ?