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Gran Colombia Surpasses 2017 Annual Gold Production Guidance With 173,821 Ounces, Up 16% Over Previous Year
Jan. 15, 2018 09:19AM PST
Gold InvestingGran Colombia Gold (TSX:GCM) announced today that it produced a total of 51,699 ounces of gold in the fourth quarter of 2017, up 26% over the fourth quarter last year. This brings the total gold production for the year to 173,821 ounces, up 16% over 2016 and surpassing its guidance for the current year. The …
Gran Colombia Gold (TSX:GCM) announced today that it produced a total of 51,699 ounces of gold in the fourth quarter of 2017, up 26% over the fourth quarter last year. This brings the total gold production for the year to 173,821 ounces, up 16% over 2016 and surpassing its guidance for the current year.
The Segovia Operations continued to be the key catalyst for growth in Gran Colombia’s gold production with 45,588 ounces of gold produced in the fourth quarter of 2017, up 31% over the fourth quarter last year.
This brings the total for the Segovia Operations for 2017 to 148,659 ounces, up 18% over 2016 and above guidance for the current year. Company-operated mining areas, led by the continued high grade trend at the Providencia mine this year, produced 17,761 ounces of gold in the fourth quarter of 2017, up 78% over the fourth quarter last year, bringing the full year total to 50,248 ounces, up 67% over 2016.
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