Aris Mining Corporation - TPRFF STOCK NEWS

Gran Colombia Gold Corp. (TPRFF) announced its acquisition of Gold X Mining Corp. through a definitive arrangement agreement. Gran Colombia will acquire Gold X's outstanding shares at an exchange ratio of 0.6948 Gran Colombia shares per Gold X share, valuing the deal at approximately CA$315 million. This acquisition is projected to enhance Gran Colombia's asset portfolio with significant resource growth and improved capital access. The transaction requires shareholder approvals and is expected to close by late May or early June 2021.

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) is taking steps to enhance its financial standing by announcing early redemptions of its debts. On April 5, 2021, Gran Colombia plans to redeem CA$2,000,000 of its 8% Convertible Unsecured Debentures due 2024, representing about 10% of the outstanding amount. Additionally, on May 3, 2021, it will redeem approximately 33.6%, or US$10,000,000, of its 8.25% Senior Secured Gold Notes due 2024. These actions aim to reduce long-term debt and improve the company's balance sheet.

Gran Colombia Gold Corp. (OTCQX: TPRFF) announced promising results from initial drill holes at the Vera brownfield target, revealing multiple high-grade gold and silver intercepts. Notable intercepts include 96.68 g/t Au and 423.7 g/t Ag over 0.49 meters. The company plans to drill 60,000 meters at its Segovia Operations in 2021, with an estimated cost of US$14 million. The drilling aims to extend mineralization at the historical Vera mine, with ongoing success supporting continued exploration and potential production growth.

Gran Colombia Gold Corp. (OTCQX: TPRFF) announced the acquisition of 33,666,666 common shares of Denarius Silver Corp. following a reverse takeover transaction. On February 19, 2021, Denarius completed a share purchase for mining assets valued at CA$12.15 million. Concurrently, an amalgamation transaction was completed with Guia Antigua Co., resulting in Denarius acquiring additional mining assets. Gran Colombia now holds approximately 36.15% of Denarius's outstanding shares, which will be held as an investment but may fluctuate based on market conditions.

Gran Colombia Gold Corp. (OTCQX: TPRFF) anticipates gold production between 200,000 and 220,000 ounces in 2021, up from 196,362 ounces in 2020 from its Segovia Operations. Despite a two-day maintenance shutdown in January, the company processed an average of 1,336 tonnes per day with a head grade of 12.6 g/t, yielding 15,055 ounces for the month. Additionally, a monthly dividend of CA$0.015 per share is declared, payable on March 15, 2021.

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced a Fitch Ratings upgrade from 'B' to 'B+' with a Stable Outlook, reflecting improved capital structure and strong free cash flow. Key drivers included strategic decisions enhancing balance sheet strength, a turnaround in net cash position, solid free cash flow, and a competitive cost structure. The company also detailed the upcoming repayment for its Gold-Linked Notes amounting to approximately US$4.37 million on November 2, 2020, reducing outstanding principal to US$35.53 million. Additionally, the ICC dismissed claims from a terminated customer supply agreement.

Gran Colombia Gold Corp. (OTCQX: TPRFF) announced significant drilling updates for its Zancudo Project. Since October 2018, IAMGOLD Corporation completed 9 drill holes totaling 3,323 meters, yielding promising results, including the discovery of new mineralized structures in both North and South zones. Highlights include intersections such as 8.16 g/t Au and 86.5 g/t Ag over 4.33 meters from the El Ortiz vein. Despite COVID-19 delays, the project shows potential as a silver-gold property, further supported by a planned spinout to ESV Resources Ltd., enabling greater shareholder leverage.

Gran Colombia Gold Corp. (OTCQX: TPRFF) reported gold production of 19,699 ounces in September 2020, totaling 58,454 ounces for Q3 2020, a 4% increase year-over-year. Q3 production improved by 21% from Q2 2020, affected by COVID-19. For the year, production reached 162,929 ounces, down from 174,754 ounces last year. The company maintained operations at Segovia and Marmato, projecting an annual output of 218,000 to 226,000 ounces. Cash increased from US$73 million to US$95 million, driven by investments and share repurchases. Segovia produced 51,555 ounces in Q3, and Marmato produced 6,899 ounces.

Gran Colombia Gold Corp. (OTCQX: TPRFF) announced that Monica De Greiff has been appointed Ambassador to Kenya by the Colombian Government, stepping down from the Board of Directors effective September 30, 2020. The company will not fill the vacancy. Executive Chairman Serafino Iacono noted De Greiff's valuable contributions, including her leadership of the newly inaugurated ESG Committee and oversight during COVID-19. Gran Colombia is a leading gold producer in Colombia, focusing on sustainability and community responsibility.