GCM - liest sich nach erfolgreichem Turnaround!
MK bei 3,1 Mio CAD.............
NetGewinn in diesem Quartal bei 6,6 Mio USD
wenn ich das richtig sehe gerade mal 23,7 Mio Aktien
allerdings noch 120 Mio Schulden an der Backe........aber da gibt es sicher aussichtlosere Fälle....
November 11, 2015 18:57 ET
Gran Colombia Gold Announces Third Quarter and First Nine Months 2015 Results; Reports Further EBITDA Improvement Driven by Production Increase and Reduction in AISC to $789 per Ounce
TORONTO, ON--(Marketwired - November 11, 2015) - Gran Colombia Gold Corp. (TSX: GCM) (OTC PINK: TPRFF) announced today the release of its unaudited condensed consolidated financial statements and accompanying management's discussion and analysis (MD&A) for the three and nine months ended September 30, 2015. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted.
Third Quarter and First Nine 2015 Highlights
The Company continued with the monthly interest payments in the third quarter of 2015 on its Senior Secured Gold-Linked Notes due October 2017 ("Gold Notes") and Senior Unsecured Silver-Linked Notes due August 2018 ("Silver Notes"). On September 29, 2015, the Company announced the details for a comprehensive debt restructuring proposal to be implemented under a Plan of Arrangement under the Business Corporations Act (British Columbia). Materials mailed to holders of record as of October 26, 2015 for the November 27, 2015 meetings are available on the Company's SEDAR profile and website at www.grancolombiagold.com. Proposed forms of the amended and restated Gold Notes and Silver Notes indentures were also posted to the Company's website on November 9, 2015. In addition, certain Noteholders have requested the Collateral Trust Agreement relating to the Gold Notes and the Company has now made this available on its SEDAR profile.
Total gold production in the third quarter of 2015 benefited from strong head grades at the Company's Segovia Operations, increasing 20.5% over the second quarter of this year to 34,339 ounces, and bringing the total gold production for the first nine months of 2015 to 86,807 ounces, up 24.8% over the same period in 2014. Segovia's mining operations have been disrupted in October and November by external security challenges as outlined in this press release. Consequently, the Company expects that total annual gold production for 2015 will be at the low end of its guidance ranges at Segovia of between 90,000 and 110,000 ounces and for the total Company of between 114,000 and 136,000 ounces.
Revenue of $39.3 million in the third quarter of 2015 brought the first nine months total to $101.2 million, up 13% from the same period last year reflecting the increased gold production, offset partially by the impact of a 10% decrease in realized gold prices to an average of $1,142 per ounce in the first nine months of 2015.
Total cash costs decreased 39% to $644 per ounce in the third quarter of 2015 compared with $1,054 in the third quarter last year, bringing all-in sustaining costs ("AISC") down 35% to $789 per ounce in the third quarter of 2015 compared with $1,216 in the third quarter last year. See the Company's MD&A for the computation of these non-IFRS measures. The third quarter 2015 cost reductions were driven by improved production reducing fixed costs on a per ounce basis, the impact of further devaluation of the Colombian peso and cost savings achieved through a contract amendment with the primary contract miner at the Segovia Operations in the first quarter of 2015.
The Company continued to control its general and administrative ("G&A") expenses, which are running below the expected $1.5 million quarterly run rate in the first nine months of 2015.
Improved production together with the significant reduction in total cash costs and G&A expenses, as outlined above, increased adjusted EBITDA to $13.3 million in the third quarter of 2015 compared with $1.8 million in the third quarter last year. For the first nine months of 2015, adjusted EBITDA had increased to $28.4 million from $5.3 million in the same period last year. See the Company's MD&A for the computation and components of this non-IFRS measure.
The Company reported adjusted net income attributable to shareholders of $2.0 million, or $0.08 per share, in the third quarter of 2015 compared with an adjusted net loss of $5.6 million, or $0.23 per share, in the third quarter last year. For the first nine months of 2015, the adjusted net income attributable to shareholders was $1.8 million, or $0.08 per share, compared with an adjusted net loss of $15.1 million, or $0.71 per share, in the same period last year. The improvement in 2015's adjusted EBITDA is largely responsible for the year-over-year improvement in adjusted net income attributable to shareholders despite the decrease in realized gold prices. See the Company's MD&A for the computation of this non-IFRS measure.
The net income attributable to shareholders for the three and nine month periods ended September 30, 2015 was $6.7 million and $6.4 million, respectively, compared with net income of $12.4 million in the third quarter of 2014 and a net loss of $14.9 million in the first nine months last year.
Lombardo Paredes Arenas, Chief Executive Officer of Gran Colombia, commenting on the Company's results for the third quarter of 2015, said, "We still have a lot of work ahead of us as we implement the optimized mine plan at Segovia. That being said, we are pleased with the improvement in our cash flow generation through the first nine months of this year driven by an increase in our production level at Segovia and continued reduction in our AISC. We have outlined a comprehensive debt restructuring proposal to be considered by the notes' holders and our shareholders at the forthcoming meetings on November 27, 2015. We urge all holders of our senior debt and shares to support the proposal as we believe this is the best option to normalize the Company's capital structure and to improve our liquidity, enabling us to use our internally generated cash flow to continue the development of our mining assets to increase free cash flow and enhance shareholder value, both of which are catalysts to the eventual settlement of our senior debt."
Guten Morgen! 
CPM 