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Gran Colombia Reports Record Monthly Gold Output

Thursday July 13, 2017 08:20

Gran Colombia Gold Corp.’s (TSX: GCM) production was 16,258 gold ounces in June, surpassing the monthly record and bringing the total for the second quarter to 46,075 ounces, up 21% year-over-year. For the first half, gold production increased by 22% year-over-year to 85,083 ounces. The trailing 12 months of production as of the end of June stands at 165,073 ounces, up 10% over 2016 annual gold production and above the company's 2017 guidance of 150,000 to 160,000 ounces. "We are very pleased with the steady improvement in our gold production this year, which is paving the way for us to execute our capital programs, keep our working capital in good shape and continue to aggressively reduce our senior debt," says Serafino Iacono, executive co-chairman of Gran Colombia.

By Allen Sykora of Kitco News

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