TPRFF - (GCM.TO) december production figures are breath taking
This is what I just wrote on SA and copy pasting here. *** Breath taking production figures for December 2017.
Gran Columbia produced 18.863 ounces of gold last month and 51.699 ounces
for the full Q4.
They increased guidance early November from 150-160k a year to 165-170k
ounces, today they come with a final beat of 173.8k ounces.
If you extrapolate this 51.699 ounces Q4 number, you get an annual
projected production of 206.000 ounces for 2018.
So a blow off top-line number for Q4 2017.
But, also expect 1. a very strong (excess) cash flow generation and
2. a net profit bottom line. conversion price at todays USDCAD price
lies at $2.42.
We should be able to test this number the next few days to weeks.
(TPRFF)(GCM.TO) is so cheap that this story is hard to believe Gran Colombia Surpasses 2017 Annual Gold Production Guidance With 173,821 Ounces, Up 16% Over Previous Year -
January 15, 2018
TORONTO, Jan. 15, 2018 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TPRFF)(GCM.TO) 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.
In the fourth quarter of 2017, the Company also benefitted from the
additional material sourced from contract miners under new operating
contracts entered into since August 2017 under which Gran Colombia is
retaining between 10% and 60% of the spot price for each ounce of gold
Contract mining production totalled 27,827 ounces of gold in the fourth
quarter of 2017, up 12% over the fourth quarter last year.
For the full year, contract mining production increased 2% over 2016
to 98,411 ounces in 2017.
At the Marmato Operations, gold production in the fourth quarter of 2017
amounted to 6,111 ounces, comparable to the fourth quarter last year.
This brings the full year total to 25,162 ounces, up 7% over its 2016
annual production and within its guidance range for the current year.
Gran Colombia expects to release its 2017 fourth quarter and annual
financial results on or about March 27, 2018.
About Gran Colombia Gold Corp.
Gran Colombia is a Canadian-based gold and silver exploration,
development and production company with its primary focus in Colombia.
Gran Colombia is currently the largest underground gold and silver
producer in Colombia with several underground mines in operation at its
Segovia and Marmato Operations.
Gran Colombia is continuing its expansion and modernization activities at
its high-grade Segovia Operations.
Additional information on Gran Colombia can be found on its website at http://www.grancolombiagold.com
and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which ----the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Please Contact:
Chief Financial Officer
email@example.com http://www.grancolombiagold.com http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2018/Gran-Colombia-Surpasses-2017-Annual-Gold-Production-Guidance-With-173821-Ounces-Up-16-Over-Previous-Year/default.aspx
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