Investorsnews wrote: Fundamental Research is releasing a new report on Gran Colombia Gold Corp. (TSX: GCM / OTCQX: TPRFF) Trading at 1.2x Forward EBITDA / Dividend Yield of 3.9%
 
  • Q2-2021 production was up 18% YoY, and inline with expectations. Management’s 2021 production guidance remains unchanged at 200–220 Koz.
  • Completed a $300M debt financing for Toroparu (Guyana). A PEA completed in 2019 had indicated an initial CAPEX of $360M. The recent $300M financing, and the royalty financing agreement with Wheaton Precious (TSX: WPM/US$138M remaining) offer more than enough capital for Toroparu through to production. Management expects to advance the project to production within three-four years. An updated PEA is expected next month. Note that Toroparu is one of the largest undeveloped gold projects in the Americas.
  • Shares are trading at a 60% discount relative to junior gold producers. Sector multiples are down 13% since our previous report in May; we are expecting a bump in valuations this year from higher gold prices.
 
Want to learn more about Gran Colombia Gold? Read the full report: https://www.researchfrc.com/gran-colombia-gold-corp-tsx-gcm-otcqx-tprff-trading-at-1-2x-forward-ebitda-dividend-yield-of-3-9/
 
*FRC provides issuer paid coverage.
*Past performance is not indicative of future results




LIKE to hold it:)