Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Gran Colombia Gold Corp. (T:GCM)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 401 Bay St Suite 2400,
PO Box 15
Tel: N/A
IR: See website
Key People
Serafino Iacono
Executive Co-Chairman of the Board
Miguel de la Campa
Executive Co-Chairman of the Board
Lombardo Paredes Arenas
Chief Executive Officer
Michael M. Davies
Chief Financial Officer
Alessandro Cecchi
Vice President - Exploration
Jose Noguera
Vice President - Corporate Affairs & Sustainability
Business Overview
Gran Colombia Gold Corp is a Canada-based gold and silver exploration and development company. The Company is engaged in the acquisition, exploration, development and operation of gold properties in Colombia. Gran Colombia is an underground gold and silver producer in Colombia with several underground mines and over two processing plants in operation. It holds interest in underground gold and silver mining operation in Colombia, the Segovia operations and Zancudo project. Its Segovia operations consists of an area approximately 9,000 hectares in the Segovia-Remedios mining district of Antioquia. Its Zancudo project in the Titiribi mining district of Antioquia comprises a gold mine, the Independencia Mine, in the Middle Cauca Gold Belt.
Financial Overview
For the nine months ended 30 September 2019, Gran Colombia Gold Corp revenues increased 19% to $238M. Net income totaled $17.7M vs. loss of $11.4M. Revenues reflect Gold increase from $66M to $235.5M, Silver increase from $646K to $2.5M. Net Income reflects Accretion of 2018 Debentures decrease from $8M (expense) to $0K, Notes restructuring costs decrease of 83% to $1.3M (expense).
Employees: 2,516 as of Dec 31, 2016
Reporting Currency: U.S. Dollars
Enterprise value: $309.67M as of Sep 30, 2019
Annual revenue (TTM): $428.01M as of Sep 30, 2019
EBITDA (TTM): $188.26M as of Sep 30, 2019
Net annual income (TTM): $38.16M as of Sep 30, 2019
Free cash flow (TTM): $74.38M as of Sep 30, 2019
Net Debt Last Fiscal Year: $41.25M as of Sep 30, 2019
Shares outstanding: 60,812,630 as of Feb 12, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization