Gran Colombia is a precious metal pureplay that operates in Colombia. It has a pretty reliable history of meeting guidance and while it does have debt - the company is starting to generate considerable cash flow. I don't see any issues with its debt load.
It also introduced a dividend in 2020, as many other gold stocks have given the strong price of gold.
I do have two concerns. One, the company's production profile. In 2020, production fell to 220K oz from 240k oz in 2019 and guidance for 2021 is flat to negative growth as production is expected to come in between 200-220K. THat will be a concern, especially if the price of gold drops. Declining production + declining gold prices is never a good combination.
The second is rising costs. From 2018 to 2020 AISCs have been on an upward trend and reached about 1K an ounce in 2020. I couldn't find guidance for 2021, so not sure if costs are expected to rise or drop.
Overall, decent small to mid-cap producer, with added geopolitical risk to due it being a Colombian pureplay. Production and costs profiles are something to watch and may also be why it is trading at a discount to peers.
Mat