RE:RE:RE:gcm videothose small operators produce low grade and small profit margin for gcm. eliminating those oz won't make much difference financially. they were converted to contract miners to appease the artisinal miners, give them work, and eliminate their use of mercury.
aris and gte are not collapsing. if any company should be afraid, it should be gte because petro wants to replace oil and gas with tourism and agriculture, as if they can massively grow that to match the revenues of oil, gas, coal.
aris has more insider holders including 44% gcm who is not selling, so they are less likely to be like chicken little, the sky is falling and panic sell like gcm retail. one person on ceo.ca speculated that it was because of toro, but then why aren't aris holders afraid of marmato expansion having cost overrun when their study was even older than toro pea which was recently updated a few months ago? aris going up probably has to do with aris turning from a loss to positive earning and positive fcf. aris q1 earning report was good.
gcm has surplus cash even if toro capex rose to $400 mil. as said by gcm ceo and cfo, gcm pea is more accurate than normal pea's and they don't expect too large a difference in the pre-feas.
the difference between gcm, aris, gte may well be gcm retail panic selling, and margin selling, which does not change fundamentals. in the past gcm had extremes in panic selling then rebounding right back up.
Stratocheif wrote: Let's pray petro doesn't win. Because gcm COULD be in his sights as a target. Gcm has 16% or its segovia output coming from literally hundreds of small operators who are on the property digging in the dirt for gold and selling it to gcm. They are not gcm employees and get no benefits. I'm sure petro would put a stop to this. He may also impose higher taxes or other repressive regulations pushing gcm back years. That's why the sp is collapsing. Those who see the danger here are not risking it and are selling.