Tag: Guyana

GCM Mining Provides January 2022 Production Update; Declares Monthly Dividend to Be Paid on March 15, 2022

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations are continuing to perform as expected in 2022 with gold production of 16,474 ounces of gold in January, up from 15,055 ounces of gold in the month of January 2021. Segovia’s trailing 12-months’ total gold production at the end of January 2022 was 207,808 ounces, up almost 1% over last year. read more

GCM Mining Files Amended National Instrument 43-101 Technical Report for its Toroparu Project; Does Not Materially Amend Disclosures Regarding Updated Mineral Resource Estimate and Preliminary Economic Assessment

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that, as a result of a review by the staff of the Ontario Securities Commission, it is issuing the following news release related to its recent disclosure for its Toroparu Project. read more

GCM Mining Announces Multiple High-Grade Drill Results at Its El Silencio Mine From the 2021 Mine Geology Infill Drilling Campaign at Its Segovia Operations

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today multiple high-grade intercepts from the latest 79 diamond drill holes totaling 14,798 meters of the ongoing underground in-fill drilling campaign that is being carried out by the Company’s Mine Geology Department at the El Silencio Mine at its Segovia Operations. This mine geology in-fill drilling campaign, which commenced in 2020 and is ongoing, is focused on resource definition within the underground mine developments of the El Silencio Mine and complements the results from the 2021 in-mine drilling programs being carried out by the Company’s Exploration Team announced in the Company’s press release on December 16, 2021. In particular, the continuation of multiple high-grade intercepts in the 1040 Vein discovered last year by this mine geology in-fill drilling campaign at the El Silencio Mine reaffirms the potential for the current and future development of this flagship mine. read more

GCM Mining Reports Fourth Quarter and Full Year 2021 Production; Meets Annual Guidance for Sixth Consecutive Year

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it produced a total of 18,030 ounces of gold in December 2021 at its Segovia Operations bringing the total for the fourth quarter of 2021 to 55,285 ounces compared with 50,084 ounces from Segovia in the fourth quarter of 2020. In the fourth quarter of 2021, the Company also produced 89,327 ounces of silver at Segovia, up from 51,302 ounces of silver in the fourth quarter last year, together with approximately 154,000 pounds of zinc and 254,000 pounds of lead. For the full year, Segovia’s gold and silver production in 2021 totalled 206,389 ounces and 253,597 ounces, respectively, up from 196,362 ounces of gold and 186,122 ounces of silver in 2020. Including Marmato production up to February 4, 2021, consolidated gold production for 2021 was 208,775 ounces compared with 220,194 ounces in 2020, which included 23,832 ounces from Marmato. read more

GCM Mining Declares Monthly Dividend to Be Paid on February 15, 2022

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on February 15, 2022 to shareholders of record as of the close of business on January 31, 2022. read more

GCM Mining Files National Instrument 43-101 Technical Report for Its Toroparu Project in Guyana

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it has filed a technical report and preliminary economic assessment (the “Technical Report”) pursuant to National Instrument 43‐101 – Standards of Disclosure for Mineral Projects (“NI 43‐101″) for its Toroparu Gold Project located in the Upper Puruni River Region of Western Guyana. The Technical Report dated January 11, 2022, with an effective date of December 1, 2021, supports the disclosure made by the Company in its December 1, 2021 news release and was prepared by Nordmin Engineering Ltd. The Technical Report is based on the updated Mineral Resource estimate for the Toroparu Gold Project with an effective date of November 1, 2021. read more

GCM Mining Announces Multiple High-Grade Drill Results From the Ongoing 2021 In-Mine and Brownfield Drilling Campaigns at Its Segovia Operations; Success Continues on the Brownfield Projects Including 62.34 g/t Au and 37.3 g/t Ag Over 0.40 Meters From Initial Drilling at the La Guarida Vein

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM; OTCQX: TPRFF) announced today multiple high-grade intercepts from the latest 130 diamond drill holes, totaling 30,714 meters, from the 2021 in-mine and near-mine drilling programs, as well as 28 diamond drill holes, totaling 6,946 meters, from the 2021 brownfield drilling programs at its Segovia Operations. The Company also announced the assay results from 8 additional kick-off diamond drill holes (4,509 meters) from the ongoing directional drilling program at the El Silencio Deep Zone. read more

GCM Mining Declares Monthly Dividend to Be Paid on January 17, 2022; Provides Updates on Production and Normal Course Issuer Bid for Its Common Shares

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GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on January 17, 2022 to shareholders of record as of the close of business on December 31, 2021. read more

GCM Mining Announces Updated Mineral Resource Estimate and Positive Preliminary Economic Assessment for Its Toroparu Project in Guyana

Updated Mineral Resource Estimate of 8.4 Mozs Measured and Indicated Gold Resource at 1.42 g/t and 396 Mlbs Measured and Indicated Copper Resource at 0.1% in 185 million tonnes of rock Preliminary Economic Assessment estimates: 280,000 ozs of gold production in the first year of operation in 2024; 5.4 Mozs of gold, 2.5 Mozs of silver and 141.3 Mlbs of copper produced over a 24-year mine life; US$8.0 billion total revenue, US$3.5 billion operating margin and US$1.7 billion after-tax Free Cash Flow at a US$1,500/oz gold price; and, After-tax net present value (5%) of US$794 million with an after-tax IRR of 46% and two-year payback. Initial US$355 Million capex to construct the Toroparu Project is fully funded.
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GCM Mining Corp. (the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it has completed an updated Mineral Resource estimate for its Toroparu Project in Guyana with an effective date of November 1, 2021 and in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). GCM Mining also announced today that Nordmin Engineering Ltd. (“Nordmin”) and SRK Consulting (U.S.), Inc. (“SRK”) have completed preliminary results of a Preliminary Economic Assessment (“PEA”) for the Toroparu Project effective November 26, 2021 and is currently finalizing the technical report to be prepared in accordance with NI 43-101 and filed on SEDAR and the Company’s website in mid-January 2022. read more