Aris Mining Corp (ARMN)

[Refill]

Gran Colombia Gold Announces Third Quarter and First Nine Months 2016 Results; Expecting Over 144,000 Ounces of Annual Gold Production for 2016 at an AISC Below $850 per Ounce

Third quarter 2016 gold production at the Segovia Operations totalled 33,552 ounces, up 20% from the third quarter a year ago, despite some disruption to the Company's operations in the latter part of September due to a civil strike as previously announced.

Revenue of $51.2 million in the third quarter of 2016, up 30% over the third quarter last year.

10% increase in gold ounces sold this year.

Total revenue for the first nine months of 2016 to $133.7 million, up 32% over the first nine months last year.

We now expect to produce over 144,000 ounces of gold in 2016, a 23% increase over last year. We also expect that our annual AISC for 2016 will be below $850 per ounce compared with $863 per ounce in 2015.
The Company anticipates that its average AISC for the full year will be between $825 and $850 per ounce, below the initial guidance range of $850 to $950 per ounce for 2016

http://seekingalpha.com/pr/16667675-gran-colombia-gold-announces-third-quarter-first-nine-months-2016-results-expecting-144000