GCM Mining

GCM.TO

Other Precious Metals · Basic Materials

Price

C$3.11

-0.08 (-2.51%)

Exchange

Toronto Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Sep 30, 2022

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Data not available

Stability

Mixed

Valuation

Good

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Share count rising — dilution

+13.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 94.5M (2017) → 107.5M (2021)

Winston Score History

The full picture

GCM Mining Corp. is a gold and silver mining company based in Canada. It operates the Segovia Operations in Colombia, one of the highest-grade underground gold mines in the world. The company sells gold and silver to refiners and bullion dealers, making it part of the precious metals mining industry.

GCM earns revenue by extracting and selling gold and silver at market prices, so its income rises and falls with commodity prices. The Segovia mine in Colombia is its core asset, and the high ore grade there gives the company a cost advantage over many other gold miners — reflected in its strong operating margins. The main risks GCM faces include volatile gold prices, operating in Colombia where security and regulatory conditions can be challenging, and the long-term challenge of replacing mined reserves to keep production going.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

YoY Growth Rate

EPS data limited

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Cash Runway

~5 years

$443M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$443M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

45.8%

Healthy — 45.8% gross margin

Profit after running costs

Operating Margin

-30.3%

Losing money on operations — -30.3%

Return on the money invested

ROCE

-3.2%

Weak — -3.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

N/A

Data not available

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

N/A

Data not available

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Stability

What it owes vs what it owns

Debt / Equity

0.74

Moderate — manageable debt (0.74)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

1.4x

Attractive valuation — P/E 1.4

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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