RE:RE:RE:Yes 286 000 shares cancelledthat is great news starting to buy back shares. now i don't mind so much if the share price drops because that allows gcm to buy back more shares at a cheaper price, which is good long term.
that buyback used only cdn$1.5 mil cash. gcm has around us$60 mil surplus cash from overfunding toro (plus segovia generating free cash every year), so they can afford to repeat this buyback 40 more times!
nov. production on track at the upper end, there is still good news coming from the polymetallic plant completion producing extra cash, 2000 tpd plant upgrade, completion of toro pre-feas, results from large 60km drill program. with these capex projects being completed and the ability to reduce drilling back to the usual 20km drilling, gcm will have more free cash available in 2022 to buy back even more shares!