RE:RE:RE:Yess another 225 k cancelledthat debt is dedicated for toro construction and is relatively low interest rate due in 2026 which gives toro plenty of time to pay that debt. remember toro payback period of that initial capital cost us$355 mil is only 2 years. by 2026 toro pays back that entire debt.
gcm has around us$60 million excess cash from overfunding of toro debt+wheaton. and more free cash continuously generated by segovia. that is plenty of excess cash to buy back only cdn$2.5 mil in shares so far.
when gcm assets are worth far higher than their market cap, the best use of excess cash is to buy their own insanely undervalued shares.
gcm bought goldx when gcm shares were at $6+ per share. any shares they buy back at $5-$6 is like making a profit, or like buying goldx for cheaper.