Aris Mining Corporation - TPRFF STOCK NEWS

GCM Mining Corp. (OTCQX: TPRFF) announced gold production of 16,293 ounces in March 2022, totaling 49,951 ounces for Q1 2022, slightly up from 49,058 ounces in Q1 2021. Silver production rose to 89,782 ounces from 57,315 ounces the previous year. The monthly dividend of CA$0.015 per share will be paid on May 16, 2022. GCM Mining is on track to meet annual production guidance of 210,000 to 225,000 ounces of gold. A conference call will be hosted on May 13, 2022, to discuss Q1 results.

GCM Mining Corp. (TPRFF) filed an early warning report regarding a US$35 million acquisition of senior unsecured convertible debenture units in Aris Gold Acquisition Corp. These funds will assist Aris in acquiring a 20% stake in the Soto Norte gold project in Colombia. The debenture offers a 7.5% annual interest rate and can be converted into common shares at US$1.75, potentially increasing GCM's ownership in Aris to over 51% post-conversion. This investment reflects GCM's strategy to enhance its portfolio in the gold sector.

GCM Mining Corp. (OTCQX: TPRFF) reported its audited financial results for the year ended December 31, 2021, achieving production guidance for the sixth consecutive year. It generated $382.6 million in total revenue and produced 206,389 ounces of gold, a 5% increase from 2020. The company's net income reached $180 million ($2.25 per share), a substantial recovery from a loss in 2020. GCM Mining has been focusing on diversification, with a successful exploration program and an expansion of its processing capabilities, including a new polymetallic plant at Segovia. Shareholder returns totaled $17 million in 2021.

GCM Mining Corp. (TPRFF) announced an acquisition of 3,430,000 common shares of Denarius Metals Corp. (DSLV) for $1,645,545, priced at $0.475 per share. This transaction, finalized on March 29, 2022, increases GCM's stake in Denarius to approximately 28.57%, from 26.92%. The acquisition was conducted for investment purposes, with GCM stating it may further adjust its holdings based on market conditions. The report emphasizes GCM's ongoing evaluation of Denarius's financial health and market trends.

GCM Mining Corp. (TSX: GCM, OTCQX: TPRFF) recently announced updates to its Mineral Resource and Reserve estimates for the Segovia Operations, effective December 31, 2021. The total Inferred Resources rose to 5.3 million tonnes at a grade of 9.9 g/t, totaling 1.70 million ounces of gold, marking a 41% increase from the previous year. Measured and Indicated Resources increased by 14% to 4.6 million tonnes at 11.0 g/t, amounting to 1.62 million ounces. The updated estimates reflect a sustained replacement of mined resources, affirming the high-grade nature of Segovia's gold deposits.

GCM Mining Corp. (TPRFF) has updated its Mineral Resource and Mineral Reserve estimates for its Segovia Operations, effective December 31, 2021. Total Measured & Indicated Resources increased by 14% to 4.6 million tonnes with 1.62 million ounces of gold, while Inferred Resources rose by 41% to 1.70 million ounces. The company has consistently replaced mined resources for six years. Significant growth was noted in the El Silencio and Sandra K areas. The updated Prefeasibility Study indicates a projected gold production of 674,000 ounces over the mine's life, with an after-tax NPV of $242 million.

GCM Mining Corp. (OTCQX: TPRFF) has subscribed to a US$35 million convertible senior unsecured debenture from Aris Gold Corporation, aimed at acquiring a 20% stake in the Soto Norte gold project in Colombia. This project is notable for its high-grade mineral reserves and low operating costs. The debenture, yielding 7.5% interest, is due in 18 months and can be converted into Aris Gold shares. Additionally, GCM Mining announced a monthly dividend of CA$0.015 per share, payable on April 18, 2022, with a record date of March 31, 2022.

GCM Mining Corp. (OTCQX: TPRFF) announced multiple high-grade intercepts from its 2021 drilling programs at the Segovia Operations, totaling over 16,283 meters across 66 diamond drill holes. Key results include significant finds at the Sandra K and El Silencio Mines, with grades reaching up to 254.30 g/t Au and 316.7 g/t Ag. Ongoing drilling aims to expand resources and extend mine life, with a commitment to an additional 91,000 meters of drilling in 2022. The company’s exploration strategy continues to highlight Segovia as a world-class mining system.

GCM Mining Corp. (TPRFF) reported a significant increase in gold production at its Segovia Operations, producing 17,184 ounces in February 2022, up from 15,360 ounces year-over-year. Total production for the first two months reached 33,658 ounces, a rise from 30,415 ounces last year. The company processed 48,512 tonnes in February, with a daily processing rate of 1,733 tpd. Additionally, GCM Mining declared a monthly dividend of CA$0.015 per share, payable on April 15, 2022, to shareholders on record by March 31, 2022.