GCM Mining Corp. (TSX:GCM) – Q1/22 Au Production from Segovia In Line with Estimates
GCM announced Q1/22 production results from its 100%-owned, Segovia operations in Colombia, that were in line with our estimates. The company produced 49,951 oz Au compared to our estimate of 50,800 oz Au last quarter. In our view, GCM is off to a strong start in 2022 with production on track to meet 2022 guidance. We look forward to the company’s upcoming Q1/22 financial results next month. Following the earnings miss on sales timing in Q4/21, we believe GCM could make it up by selling more ounces than produced in Q1/22.