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Last C$0.39 CAD
Change Today -0.015 / -3.70%
Volume 12.4K
GCM On Other Exchanges
Symbol
Exchange
OTC US
Toronto
Frankfurt
As of 11:59 AM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

gran colombia gold corp (GCM) Snapshot

Open
C$0.42
Previous Close
C$0.41
Day High
C$0.42
Day Low
C$0.39
52 Week High
07/15/14 - C$1.96
52 Week Low
03/12/15 - C$0.31
Market Cap
9.2M
Average Volume 10 Days
19.1K
EPS TTM
C$-0.93
Shares Outstanding
23.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GRAN COLOMBIA GOLD CORP (GCM)

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gran colombia gold corp (GCM) Details

Gran Colombia Gold Corp., together with its subsidiaries, engages in the acquisition, exploration, development, production, and operation of gold and silver properties primarily in Colombia. It primarily focuses on the Segovia operations, which include the Providencia, Sandra K, El Silencio, and Carla mines projects located in Colombia; and the Marmato gold project located in Colombia. The company is headquartered in Toronto, Canada.

321 Employees
Last Reported Date: 03/31/15

gran colombia gold corp (GCM) Top Compensated Officers

President and Member of Executive Committee
Total Annual Compensation: $318.9K
Executive Co-Chairman and Co-Chairman of Exec...
Total Annual Compensation: $363.3K
Executive Co-Chairman and Co-Chairman of Exec...
Total Annual Compensation: $363.3K
Chief Financial Officer
Total Annual Compensation: $272.5K
Chief Project Director and Vice-President of ...
Total Annual Compensation: $273.0K
Compensation as of Fiscal Year 2013.

gran colombia gold corp (GCM) Key Developments

Gran Colombia Gold Announces Details of the Interest Payments

Gran Colombia Gold announced the details of the interest payments it will make on April 30, 2015, on its Senior Secured Gold-Linked Notes due 2017 and its Senior Unsecured Silver-Linked Notes due 2018. Gold Note holders of record as of April 20, 2015 will receive approximately $8.22 per $1,000 face value of the notes, leaving a balance of interest in arrears after the April payment of $17.26 (approximately two months) per $1,000 face value of the Gold Notes. Silver Note holders of record as of April 20, 2015, will receive approximately $4.11 per $1,000 face value of the notes which will be applied against the interest in arrears from December 31, 2014, leaving a balance of $13.01 per $1,000 face value of Silver Notes after the April payment. These payment amounts are derived based on a 30-day period from April 1, 2015 through April 30, 2015 inclusive. The company expects to begin discussions with Gold and Silver Note holders in the second quarter of 2015.

Gran Colombia Gold Corp. Announces Audited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Financial and Production Guidance for the Year 2015; Reports Impairment Charges for the Fourth Quarter of 2014

Gran Colombia Gold Corp. announced audited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $33,528,000 compared to $28,460,000 a year ago. Net income attributable to shareholders was $11,610,000 or $0.49 per basic and diluted share compared to net loss attributable to shareholders of $65,287,000 or $4.27 per basic and diluted share a year ago. Adjusted net loss attributable to shareholders was $183,000 or $0.01 per basic and diluted share compared to $4,000,000 or $0.26 per basic and diluted share a year ago. For the year, the company reported revenue of $123,027,000 compared to $148,531,000 a year ago. Net loss attributable to shareholders was $3,310,000 or $0.15 per basic and diluted share compared to net loss attributable to shareholders of $165,158,000 or $10.81 per basic and diluted share a year ago. Adjusted net loss attributable to shareholders was $14,334,000 or $0.65 per basic and diluted share compared to $17,245,000 or $1.13 per basic and diluted share a year ago. For the quarter, the company reported production of gold of 29,043 ounces against 22,106 ounces a year ago. For the year, the company reported production of gold of 98,622 ounces against 102,792 ounces a year ago, about 4% lower than the previous year due to operational challenges at the Segovia Operations in the first quarter of 2014. The company expects to see an increase in total annual gold production in 2015 to approximately 114,000 to 136,000 ounces. This includes production at the Segovia Operations of 90,000 to 110,000 ounces in 2015. The company also expects a total of 24,000 to 26,000 ounces at the Marmato underground mine in 2015. For 2015, G&A expenses are expected to decrease to approximately $6 million for 2015 or approximately $45 to $50 per ounce. Sustaining capital expenditures are projected to range from $140 to $190 per ounce in 2015. The company reported impairment charges for the fourth quarter of 2014. For the fourth quarter, the company reported impairment charges of $16,659,000 or $0.70 per share primarily from the impact on estimated future after-tax cash flows at the Segovia Operations as a result of the significant tax rate increases enacted in Colombia in December 2014.

Gran Colombia Gold Corp. Auditor Raises 'Going Concern' Doubt

Gran Colombia Gold Corp. filed its Annual on Mar 31, 2015 for the period ending Dec 31, 2014. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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