Tag: Guyana

GCM Mining Announces First Quarter 2022 Results

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GCM Mining Corp. (TSX: GCM; OTCQX: TPRFF) announced today the release of its unaudited interim condensed consolidated financial statements and accompanying management’s discussion and analysis (MD&A) for the three months ended March 31, 2022. All financial figures contained herein are expressed in U.S. dollars (“USD”) unless otherwise noted. Non-GAAP financial performance measures in this press release are identified with “NG”. For a detailed description of each of the non-GAAP measures used in this press release and a detailed reconciliation to the most directly comparable measure under IFRS, please refer to the Company’s MD&A. read more

GCM Mining Files National Instrument 43-101 Technical Report for Its Segovia Operations

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it has filed an updated Prefeasibility Study technical report for its Segovia Operations (the “Technical Report”) pursuant to National Instrument 43‐101 – Standards of Disclosure for Mineral Projects (“NI 43‐101″). The Technical Report, which supports the disclosure made by the Company in its March 24, 2022 news release and its 2021 Annual MD&A dated March 31, 2022, was prepared by SRK Consulting (U.S.), Inc. and is based on the updated Mineral Reserve and Mineral Resource estimates for the Segovia Operations with an effective date of December 31, 2021. read more

GCM Mining Reports First Quarter 2022 Production; Declares May 16, 2022 Monthly Dividend; Announces First Quarter 2022 Results Webcast

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it produced a total of 16,293 ounces of gold in March 2022 at its Segovia Operations bringing the total for the first quarter of 2022 to 49,951 ounces compared with 49,058 ounces from Segovia in the first quarter of 2021. In the first quarter of 2022, the Company also produced 89,782 ounces of silver at Segovia, up from 57,315 ounces of silver in the first quarter last year, together with approximately 252,000 pounds of zinc and 338,000 pounds of lead. Consolidated gold production of 51,486 ounces in the first quarter last year also included 2,428 ounces from Marmato up to February 4, 2021, the date of the loss of control of Aris Gold Corporation. read more

GCM Mining Completes Acquisition of Aris Convertible Debenture and Files Early Warning Report

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GCM Mining Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it filed an early warning report in connection with the acquisition of senior unsecured convertible debenture units (the “Debenture”) in the amount of US$35,000,000 (the “Principal Amount”) of Aris Gold Acquisition Corp. (the “AcquisitionCo”), a wholly-owned subsidiary of Aris Gold Corporation (“Aris”) (the “Offering”). read more

GCM Mining Announces Fourth Quarter and Full Year 2021 Results

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GCM Mining Corp. (TSX: GCM; OTCQX: TPRFF) announced today the release of its audited consolidated financial statements and accompanying management’s discussion and analysis (MD&A) for the year ended December 31, 2021. All financial figures contained herein are expressed in U.S. dollars (“USD”) unless otherwise noted. Non-GAAP financial performance measures in this press release are identified with “NG”. For a detailed description of each of the non-GAAP measures used in this press release and a detailed reconciliation to the most directly comparable measure under IFRS, please refer to the Company’s MD&A. read more

GCM Mining Corp. Acquires 3,430,000 Common Shares in Denarius Metals Corp. and Files Early Warning Report

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM; OTCQX: TPRFF) announced that it filed an early warning report in connection with its acquisition today over the Chi-X Market of an aggregate of 3,430,000 common shares (the “Denarius Shares”) of Denarius Metals Corp. (“Denarius”) (TSXV:DSLV; OTCQB: DNRSF). The Denarius Shares were acquired at a price of $0.475 per share for an aggregate purchase price of $1,645,545 and was effected through a block trade. read more

GCM Mining Provides Annual Update to Segovia’s Mineral Resource and Reserve Estimates

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it has completed updated Mineral Resource and Mineral Reserve estimates for its Segovia Operations prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument 43-101 (“NI 43-101”) with an effective date of December 31, 2021. read more

GCM Mining Announces Subscription to Aris Gold Convertible Debenture; Next Monthly Dividend to be Paid on April 18, 2022

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it has subscribed to a US$35 million convertible senior unsecured debenture (the “Debenture”) to be issued by a wholly-owned subsidiary of Aris Gold Corporation (“Aris Gold”) (TSX: ARIS). The proceeds of the Debenture will be used to pay a portion of the purchase price for the acquisition, through a joint venture company, of a 20% ownership interest (the “Transaction”) in the Soto Norte gold project in Colombia, one of the world’s largest feasibility-stage gold projects with high-grade mineral reserves, low capital intensity, low operating costs and district-scale potential. Aris Gold will become the operator of the Soto Norte gold project and will have an option to increase its ownership to 50%. Aris Gold expects to close the Transaction in April 2022. read more

GCM Mining Announces Multiple High-Grade Drill Results From the Final Drill Holes in Its 2021 In-Mine and Brownfield Drilling Campaigns at Its Segovia Operations; Success Continues at the Marmajito Vein Including 131.10 g/t Au and 294.3 g/t Ag Over 0.32 Meters

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM; OTCQX: TPRFF) announced today multiple high-grade intercepts at its Segovia Operations from the final 39 diamond drill holes, totaling 9,158 meters, of its 2021 in-mine and near-mine drilling programs, as well as the final 27 diamond drill holes, totaling 7,125 meters, from its 2021 brownfield drilling programs. The Company also announced the assay results from 2 additional kick-off diamond drill holes, totaling 1,140 meters, from the ongoing directional drilling at the El Silencio Deep Zone. read more

GCM Mining Provides Production Update; Declares April 15, 2022 Monthly Dividend; Announces 2021 Fourth Quarter and Year End Results Webcast

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 17,184 ounces of gold in February 2022, up from 15,360 ounces of gold in February last year. This brings the total gold production for the first two months of 2022 to 33,658 ounces, up from 30,415 ounces in the first two months last year. Segovia’s trailing 12-months’ total gold production at the end of February 2022 was 209,632 ounces, up about 1.6% over last year. read more