1 TSX: GCM June 2018
The leading high‐grade gold producer in Colombia
Annual General Meeting The leading high grade gold producer in - - PowerPoint PPT Presentation
Annual General Meeting The leading high grade gold producer in Colombia Lombardo Paredes, CEO TSX: GCM June 2018 1 DISCLAIMER Forward Looking Statements This presentation contains "forward looking information", which may
1 TSX: GCM June 2018
The leading high‐grade gold producer in Colombia
2 TSX: GCM June 2018
This presentation contains "forward‐looking information", which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects, and, specifically, statements concerning anticipated growth in annual gold production, reduction of cash costs and AISC, future G&A, capex and excess cash flow, interest payments on the senior debt and future purchases and/or redemptions of the senior debt. Often, but not always, forward‐looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Gran Colombia to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward‐looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 27, 2018 which is available for view on SEDAR at www.sedar.com. Forward‐ looking statements contained herein are made as of the date of this presentation and Gran Colombia disclaims, other than as required by law, any obligation to update any forward‐looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or
and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward‐looking statements.
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Improve capital structure: Settle 2018 Debentures and refinance 2020/2024 Debentures
30th and redeemed 2020/2024 Debentures on May 14th
settled 100% with shares between now and maturity in August Continue implementation of optimized mine plan at Segovia, including development and mechanization at Sandra K and environmental initiatives (including tailings storage expansion and filter press)
commissioning planned for 2019 20,000m drilling program at Segovia
definition in Providencia and El Silencio and 1 rig at Sandra K targeting peripheral extensions to the known vein system Technical studies (PEA) and up to 10,000m drilling program at Marmato
Level 20
commence later in the year
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Focus on our high‐grade Segovia Operations is driving growth. Trending toward 200,000 ounces for 2018.
000’s ozs ‐ 25 50 75 100 125 150 175 200 2014 2015 2016 2017 LTM*
Segovia Marmato
(*) Latest 12 months ended May 31, 2018.
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(1)Refer to the Company’s MD&A for computation.
US$/oz sold $400 $600 $800 $1,000 $1,200 2014 2015 2016 2017 LTM* G&A,Sustaining Capex and Other Total Cash Cost $908 $701 $918 $720
Optimization of Segovia’s cost structure continues to benefit Total Cash Cost/oz. AISC reflecting increased focus on exploration, development and modernization of Segovia.
(*) Latest 12 months ended March 31, 2018.
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(1) Refer to Company’s MD&A for computation.
$‐ $25 $50 $75 $100 2014 2015 2016 2017 LTM $89M US$M
Adjusted EBITDA growth is driving improved capacity to fund capex programs, service debt and add cash to our balance sheet.
(*) Latest 12 months ended March 31, 2018.
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The debt re‐financing in 2018 has significantly reduced our potential fully diluted common shares from 95M to 62M and added $13 million of cash to our balance sheet.
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Our share price performance over the past year seems to reflect our improving operating and financial performance and since mid‐May 2018, is reacting positively to the new capital structure.
10 TSX: GCM June 2018 For Further Information, Contact: Mike Davies Chief Financial Officer (416) 360‐4653 investorrelations@grancolombiagold.com
Town of Segovia