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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 Chairman of the Board
Lombardo Paredes Arenas
Chief Executive Officer
Miguel de la Campa
Vice Chairman of the Board
Michael M. Davies
Chief Financial Officer
Alessandro Cecchi
Vice President - Exploration
Jose Noguera 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 2020, GranColombia Gold Corp revenues increased 22% to $291.2M. Netincome increased 80% to $31.9M. Revenues reflect Silverincrease of 18% to $3M. Net income benefited from Foreignexchange (loss) gain increase from $70K to $2.7M (income),Interest Expense decrease of 39% to $3.7M (expense),Accretion of other provision decrease of 44% to $800K(expense). Dividend per share totaled to $0.01.
Employees: 3,024 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $374.01M as of Sep 30, 2020
Annual revenue (TTM): $479.61M as of Sep 30, 2020
EBITDA (TTM): $226.68M as of Sep 30, 2020
Net annual income (TTM): -$147.75M as of Sep 30, 2020
Free cash flow (TTM): $112.11M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 61,845,744 as of Feb 5, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization