RE:RE:RE:RE:RE:RE:RE:RE:Couple of questions.not mixing the 2. first half had a lot lower gold price and lower production than usual with covid and they used cash to buy shares of subsiduary. second half has both higher production and much higher gold price without needing to pay a lot of taxes. second half is always when they make most of their cash. with $1900 gold price going forward i think they are making $100 mil free cash per year (before buyback of gold notes and buying of shares of subsiduaries).
we will see with q3 soon.
Brioche wrote: Don't mix cash from operating activities and free cash flow . The last one was only 13 456 000 usd for the first half 2020.. gcm had to pay 42.6 mil in h1 in taxes
So at best 60 mil usd free cash with gold @ 1900 until year end .
Div at 5 % is totally unrealistic and stupid. Waste of money of which goverment will take a second time .
Keep in mind the more gcm makes money more the state is present .colombia is not different on that issue.
Buy back has however an exponential effect and not a taxable effet on us .( at leat immediately ) it depend also where we live of course .
-)