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TPRFF - Gran Colombia Gold's Double Merger Hides A Lot Of Upside Potential
Gran Colombia Gold Corp.
Gran Colombia Gold (TPRFF) surprised the markets by announcing a very interesting double-merger proposal to Guyana Goldfields (GUYFF) and Gold X (SSPXF). Gran Colombia's aim is to create a mid-tier South America-focused gold producer. Gran Colombia operates a high-grade gold mine in Colombia, named Segovia. It also controls a recently spun-out company named Caldas Gold (ALLXF) that operates another Colombian mine, Marmato (Gran Colombia owns 74% of Caldas Gold's shares). If the proposed double-merger is completed, Gran Colombia will win control also over Guyana Goldfields' Aurora gold