Financial Data and Key Metrics Changes - The company reported first quarter 2022 revenue of $101.3 million, which is approximately 5% higher than the first quarter of 2021 after adjustments [7] - Adjusted EBITDA for the first quarter was $45.2 million, reflecting a slight decrease from $46 million in the same quarter last year [9] - Cash flow metrics remained solid with $24 million of operating cash flow, bringing the trailing 12-month operating cash flow to $91 million, up from $81 million in 2021 [10] - The company finished the quarter with $350 million in cash after paying $14 million in tax installments and making a $10 million interest payment on senior notes [11] Business Line Data and Key Metrics Changes - Gold production for the first quarter was 50,000 ounces, with total production for the first four months of 2022 reaching 68,272 ounces [5] - The average realized gold price was $1,860 per ounce, contributing to the revenue increase [7] - Cash costs were reported at $817 per ounce, an improvement from $825 per ounce in the first quarter of 2021 [8] Market Data and Key Metrics Changes - The company anticipates starting shipments of polymetallic concentrates by the end of the second quarter, which will add to revenue streams [8] - The company is on track to produce between 210,000 and 225,000 ounces of gold from Segovia this year [6] Company Strategy and Development Direction - The company is focused on maintaining its dividend policy, paying C$1.05 per share monthly, totaling US$3.5 million in dividends for the first quarter [5] - Significant investments are being made in infrastructure projects at Segovia, including the expansion of the Maria Dama plant and the construction of the El ChoCho tailings storage facility [13] - The Toroparu Project in Guyana is being prepared for formal construction, with a PFS expected in the third quarter [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to control costs and execution amid volatile financial markets [3] - The upcoming elections in Colombia were discussed, with management noting that the company owns the land and underground rights, which may mitigate potential regulatory risks [18] - Management indicated that they do not foresee any significant delays in the Toroparu project, with sufficient funding available to proceed [30] Other Important Information - The company has been involved in a free trade arbitration with Colombia, which has led to elevated G&A expenses in the first quarter [31] - The company plans to spend approximately $70 million in the second half of the year on the Toroparu project, funded through cash flow and cash on hand [36] Q&A Session Summary Question: Potential impact of upcoming elections in Colombia on the mining industry - Management noted that the elections are closely contested, but the company owns its land and underground rights, which may shield it from adverse regulatory changes [18] Question: Update on the Toroparu project regarding capital costs - Management confirmed that the PFS is expected in July, with a cost estimate of $355 million, but they believe it may be lower due to more detailed information available [21][23] Question: Risks around the finalization of the mining license for Toroparu - Management stated that they are in the process of obtaining the mining permit and do not foresee risks of not receiving it on time [26] Question: Any scenarios for delaying the project due to macroeconomic factors - Management expressed confidence in proceeding with the project, stating they have sufficient funds to continue despite potential cost increases [30] Question: Clarification on G&A expenditures for the quarter - Management indicated that Q1 was unusually high due to arbitration costs, but they expect G&A to stabilize in subsequent quarters [31] Question: Confirmation of CapEx guidance for 2022 - Management confirmed sustaining CapEx guidance of $50 million to $55 million for Segovia and indicated that spending on Toroparu will ramp up significantly in the second quarter [33][36]

GCM Mining Corp. (TPRFF) Q4 2021 Earnings Conference Call April 1, 2022 9:00 AM ET Company Participants Lombardo Paredes - Chief Executive Officer Mike Davies - Chief Financial Officer Conference Call Participants Carey MacRury - Canaccord Operator Welcome to the GCM Mining Corp. Q4 2021 Results Webcast. My name is John. I will be your operator for today’s call. [Operator Instructions] And I will now turn the call over to Mike Davies. Mike Davies Great. Thanks, John, and thank you for joining us this mornin ...

Gran Colombia Gold Corp. (TPRFF) Q3 2021 Results Conference Call November 12, 2021 9:00 AM ET Company Participants Lombardo Paredes - CEO Mike Davies - CFO Conference Call Participants Carey MacRury - Canaccord Genuity Operator Welcome to the Gran Colombia Gold Q3 2021 Results Webcast. My name is John, and I will be your operator for today’s call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] Please note the conference i ...

Gran Colombia Gold Corp. (TPRFF) Q2 2021 Earnings Conference Call August 13, 2021 9:00 AM ET Company Participants Lombardo Paredes - CEO Mike Davies - CFO Conference Call Participants John Basler - Basler Capital Partners Siddharth Rajeev - Fundamental Research Corp. Operator Welcome to the Gran Colombia Gold Q2 2021 Results Webcast Conference Call. My name is John, and I will be your operator for today’s call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-ans ...

Gran Colombia Gold Corp. (TPRFF) Q1 2021 Earnings Conference Call May 14, 2021 8:30 AM ET Company Participants Mike Davies - Chief Financial Officer Lombardo Paredes - Chief Executive Officer Conference Call Participants Operator Good morning. And welcome to the Gran Colombia Gold Q1 2021 Results Webcast. My name is Cheryl and I will be your operator for today’s call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] Please ...

Financial Performance - Revenue reached $101.9 million in Q1 2021, slightly up from $101.0 million in Q1 2020[4] - Net income significantly increased to $118.3 million in Q1 2021, compared to $24.3 million in Q1 2020[4] - Adjusted EBITDA was $46.3 million in Q1 2021, a decrease from $50.4 million in Q1 2020[4] - Free cash flow decreased to $2.5 million in Q1 2021, compared to $18.2 million in Q1 2020[4] Production and Operations - Gold production was 51,486 ounces in Q1 2021, down from 56,247 ounces in Q1 2020[4] - The realized gold price increased to $1,812 per ounce in Q1 2021, compared to $1,570 per ounce in Q1 2020[4] - Cash cost increased to $862 per ounce in Q1 2021, compared to $667 per ounce in Q1 2020[4] - AISC increased to $1,164 per ounce in Q1 2021, compared to $890 per ounce in Q1 2020[4] - The company is on track to meet its 2021 annual production guidance of 200,000 to 220,000 ounces of gold[13] Capital Structure and Shareholder Returns - The company repurchased 1.5 million shares at an average price of CA$5.93 per share for a total cost of CA$9.1 million[6] - The company is paying a monthly dividend, returning over CA$900,000 of free cash flow to shareholders each month[8]

Financial Data and Key Metrics Changes - Gran Colombia reported a net loss of $51 million in Q4 2020, leading to a full-year net loss of $27.6 million, impacted by $4 million in financing costs and $52 million in non-cash fair value losses on derivatives [7][8] - Adjusted net earnings for 2020 increased by 25% to $76 million, or $1.28 per share, despite challenges from COVID-19 [8] - Revenue for Q4 2020 was $99.7 million, contributing to a record annual revenue of $391 million, up 20% from 2019 [16] Business Line Data and Key Metrics Changes - Total gold production in 2020 was 220,000 ounces, with 196,000 ounces from Segovia Operations and the remainder from Marmato, which was spun out to Caldas Gold [11][12] - Segovia's head grades averaged 14.5 grams per tonne in 2020, with production adversely impacted by COVID-19 in the early part of the year [12][13] - The small mining supply chain initiative in Segovia saw a 37% increase in gold production, with head grades rising from 6-8 grams per tonne to nearly 12 grams per tonne in Q4 [15] Market Data and Key Metrics Changes - The average realized gold price in 2020 was $1,751 per ounce, up from $1,381 per ounce in 2019, enhancing operating margins and cash flow [16] - Total cash costs at Segovia averaged $699 per ounce in 2020, up from $607 per ounce in 2019, influenced by increased payment rates to contract miners and higher production taxes [17] Company Strategy and Development Direction - The company is focused on expanding the Maria Dama plant to 2,000 tonnes per day and constructing a new concentrate recovery plant to enhance cash flow and reduce environmental impact [13][14] - Gran Colombia plans to conduct 60,000 meters of drilling in 2021, with a budget of approximately $14 million, aimed at resource and reserve expansion [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the high-grade nature of Segovia's gold deposits and is excited about the upcoming drilling programs [22][23] - The company highlighted its commitment to ESG initiatives, with plans to publish its first sustainability report [28][29] Other Important Information - The company has implemented extensive COVID-19 protocols to protect its workforce and has contributed nearly $10 million to local community programs [5][6] - Gran Colombia has a 44.3% equity position in Aris Gold and a 27% equity position in Denarius Silver, indicating a strategic focus on building its equity portfolio [25][26] Q&A Session Summary - No questions were posed during the Q&A session, and the management encouraged follow-up inquiries via email [30][31]