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

Rhea-AI Summary

GCM Mining Corp. (TSX: GCM, OTCQX: TPRFF) announced a monthly dividend of CA$0.015 per common share, payable on February 15, 2022, to shareholders on record as of January 31, 2022. The company, a mid-tier gold producer, operates primarily in Latin America, notably with high-grade operations in Colombia and advancing the Toroparu Project in Guyana. GCM Mining holds equity interests in other mining companies, enhancing its portfolio in the sector.

Positive

• Declared a monthly dividend of CA$0.015 per share, indicating financial stability.
• Strong operational presence in gold and silver production in Latin America.
• Advancing the significant Toroparu Gold/Copper Project, which could enhance future revenues.

Negative

• None.

TORONTO, Jan. 17, 2022 (GLOBE NEWSWIRE) -- 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.

About GCM Mining Corp.

GCM Mining Corp. is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas. The Company also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).

Additional information on GCM Mining can be found on its website at www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com.

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the payment of dividends and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@gcm-mining.com

FAQ

What is the dividend amount declared by GCM Mining Corp.?

GCM Mining Corp. declared a monthly dividend of CA$0.015 per common share.

When will the dividend be paid to shareholders of GCM Mining?

The dividend will be paid on February 15, 2022.

What is the record date for GCM Mining Corp.'s dividend?

The record date for the dividend is January 31, 2022.

What are GCM Mining's primary operations?

GCM Mining operates high-grade gold and silver mines in Colombia and is developing the Toroparu Project in Guyana.

What is the significance of the Toroparu Project for GCM Mining?

The Toroparu Project is one of the largest undeveloped gold/copper projects in the Americas, potentially increasing future revenue for GCM Mining.