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Aris Mining Corporation (TPRFF) is a Canadian company operating in the mining sector, focusing on gold production in the Americas. The company operates high-grade underground mines at its Segovia Operations and the Marmato Mine, with plans for expansions and new projects. Aris Mining's recent achievements include receiving approval for the Marmato Lower Mine and achieving record gold production at its Segovia Operations. The company is committed to sustainable practices and community partnerships in its operations.
GCM Mining Corp. (TSX: GCM, OTCQX: TPRFF) is set to release its second quarter and first half 2022 results on August 11, 2022, after market close. A conference call and webcast will take place on August 12, 2022, at 9:00 a.m. ET to discuss these results. GCM Mining is recognized as a mid-tier gold producer operating in Latin America, with a strong focus on high-grade gold and silver production in Colombia. In 2021, Segovia Operations produced 206,389 ounces of gold, and the company is advancing its Toroparu Project, expected to produce over 200,000 ounces annually starting in 2024.
GCM Mining Corp. (TPRFF) and Aris Gold Corporation have announced a definitive agreement for GCM to acquire all remaining Aris Gold shares. This creates a leading gold company in Colombia with a combined resource base of 3.8 million ounces in reserves and 18.3 million ounces in measured and indicated resources. The deal aims to optimize cash flow, realizing an estimated $10 million in annual G&A cost savings. The transaction is expected to close in mid-September 2022, pending shareholder and regulatory approvals, with GCM shareholders owning approximately 74% of the combined company.
GCM Mining Corp. (TSX: GCM, OTCQX: TPRFF) reported gold production of 16,370 ounces in June 2022, totaling 53,198 ounces for Q2 2022, a slight increase from 52,198 ounces in the previous year. The company produced 85,741 ounces of silver, significantly up from 54,573 ounces YoY. For H1 2022, gold production reached 103,149 ounces, slightly higher than 101,256 ounces last year. GCM Mining aims for an annual production guidance of 210,000 to 225,000 ounces. Additionally, a monthly dividend of CA$0.015 per share will be paid on August 15, 2022, to shareholders of record by July 29.
GCM Mining Corp. (TSX: GCM; OTCQX: TPRFF) reports continued success in its 2022 drilling programs at the Segovia Operations, Colombia. The results from 32 diamond drill holes, totaling 8,299 meters, include high-grade gold and silver intercepts, such as 146.33 g/t Au and 712.0 g/t Ag over 0.30 meters in the Sandra K mine. The in-mine and near-mine drilling campaigns aim to replace mining production and grow resources. The Company expects to expand production and mine life based on these promising exploration results.
GCM Mining Corp. (TPRFF) reported gold production of 18,507 ounces in May 2022, up from 17,936 ounces last year. Total production for the first five months reached 86,779 ounces, compared to 84,467 ounces in 2021. The company is expanding its Segovia processing plant to 2,000 tpd and expects to meet its 2022 production guidance of 210,000 to 225,000 ounces. A monthly dividend of CA$0.015 per share is set for July 15, 2022, for shareholders of record by June 30, 2022.
The Annual General and Special Shareholder's meeting for GCM Mining Corp. took place on June 15, 2022. Key outcomes included the approval to fix the number of directors at seven, with 99.54% voting in favor. Directors elected included Serafino Iacono and Miguel de la Campa, with approval rates of 86.95% and 99.46%, respectively. The appointment of KPMG LLP as auditors was also approved with a 99.62% majority. Additionally, shareholders reaffirmed the Shareholders’ Rights Plan from January 2, 2019, with 99.48% approval.
GCM Mining Corp. (TSX: GCM; OTCQX: TPRFF) has filed an early warning report for acquiring 6,700,000 common shares of Denarius Metals Corp. (TSXV: DSLV; OTCQB: DNRSF) at $0.25 per share, totaling $1,675,000. This purchase increases GCM's stake in Denarius to approximately 31.80%. The transaction was executed through a block trade and is aimed at investment purposes, with GCM stating it may adjust its holdings based on market conditions.
GCM Mining Corp. (TSX: GCM, OTCQX: TPRFF) has declared a monthly dividend of CA$0.015 per common share to be paid on June 15, 2022. Shareholders recorded by the close of business on May 31, 2022, will be eligible. The company is a mid-tier gold producer with significant operations in Colombia, notably at Segovia, where it produced 206,389 ounces of gold in 2021. Additionally, GCM is advancing the fully funded Toroparu Project in Guyana, set to begin production in 2024 with over 200,000 ounces of gold annually.
GCM Mining Corp. (OTCQX: TPRFF) reported its Q1 2022 financial results, revealing gold production of 49,951 ounces, a 2% increase YoY. Revenue amounted to $101.3 million, down slightly from $101.9 million in Q1 2021, impacted by the loss of control over Aris Gold. The company maintained strong cash flow, reporting $24.2 million net cash from operations. Adjusted net income was $14.8 million, compared to $21.9 million in the previous year. The Segovia operations continue to meet production targets, while preparations for the Toroparu Project in Guyana are on track.
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