RE:RE:RE:RE:RE:RE:RE:RE:Couple of questions.look at the numbers you just gave. in h1 they had 13.4 mil free cash and paid 42.6 mil in taxes. in h2 they pay little to no tax so 13.4 + 42.6 = 56 mil free cash (when there is both lower production and much lower gold price). so in h2 it only stands to reason that they would have higher free cash than that 56 mil, higher than the at best 60 mil free cash that you are assuming. doesn't that make sense?
not needing to use cash in h2 to pay taxes makes a huge difference in free cash, especially if the tax is large from much higher annual profit.
plus their new mine coming online in the 4th quarter adds to h2 production as well.
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 .
-)