GCM Mining Announces First Quarter 2022 Results
TORONTO, May 12, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (TSX: GCM; OTCQX: TPRFF) announced today the release of its unaudited interim condensed consolidated financial statements and accompanying managements discussion and analysis (MD&A) for the three months ended March 31, 2022.
- TORONTO, May 12, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (TSX: GCM; OTCQX: TPRFF) announced today the release of its unaudited interim condensed consolidated financial statements and accompanying managements discussion and analysis (MD&A) for the three months ended March 31, 2022.
- Lombardo Paredes, Chief Executive Officer of GCM Mining, commenting on the first quarter results, said, We have started off 2022 on a positive note, meeting our expectations for production, costs and cash flow in the first quarter.
- GCM Minings gold production from its Segovia Operations totaled 49,951 ounces in the first quarter of 2022, up 2% over the first quarter last year.
- Adjusted EBITDA NG amounted to $45.2 million for the first quarter of 2022 compared with $46.3 million in the first quarter last year.