EDITOR: | March 2nd, 2022

Drolet Stock Notes on GCM Mining: Producing Gold and Silver in Colombia and Advancing Toroparu Gold Project in Guyana

| March 02, 2022 | No Comments
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Mario Drolet, President of MI3 Communications Financières Inc. (MI3), released his Drolet Stock Notes on GCM Mining Corp. (TSX: GCM | OTCQX: TPRFF) on March 2, 2022, for exclusive distribution on InvestorIntel. Highlights include:

  • GCM Mining is a Canadian-based mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the Company is advancing the recently acquired Toroparu Project, one of the largest undeveloped gold projects in the Americas.
  • Strong profit margins and low-cost structure.
  • Paying a monthly Dividend with an annual yield equivalent to > 3%.
  • GCM approaching resistance. Huge volume yesterday, traded more than 5X the average daily volume.
  • Support: S2; $ 5.60 S1; $5.80 Resistance: R1; $5.84 R2; $ 5.90

About GCM Mining Corp.

GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at Segovia Operations. Segovia produced 206,000 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining pays a monthly dividend to its shareholders and has equity interests in Aris Gold Corporation (44%; TSX: ARIS; Colombia – Marmato), Denarius Metals Corp. (27%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (26%; TSX-V: WA: Nunavut – Meadowbank).

PLEASE DO YOUR DUE DILIGENCE

Disclaimer: This MI3 Technical Note produced by MI³ Communications Financières is neither an offer to sell, nor the solicitation of an offer to buy any of the securities discussed therein. The information contained is prepared by MI3, emanating from sources deemed to be reliable. MI3 Communications Financières makes no representations or warranties with respect to the accuracy, correctness or completeness of such information. MI³ Communications Financières accepts no liability whatsoever for any loss arising from the use of the information contained therein. Please take note that for compliance purposes, all directors, consultants or employees of MI3 Communications Financières are prohibited from trading the securities of the company and MI3 Communications Financières is a shareholder and do not intend to sell any shares during the distribution of this report.


Editor:

Mario has over 25 years in financial market and he is passionate about Finance. He worked on the floor of the Montreal Exchange on his ... <Read more about Mario Drolet>


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