Tuesday, January 23, 2018 9:54:52 AM
TORONTO, Jan. 15, 2018 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (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.
https://web.tmxmoney.com/article.php?newsid=6414243608768739&qm_symbol=GCM
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
produced.
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:
----is cautioned not to place undue reliance on forward-looking
statements.
For Further Information, Please Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
http://www.grancolombiagold.com
Gran Colombia Surpasses 2017 Annual Gold Production Guidance With
173,821 Ounces, Up 16% Over Previous Year -
January 15, 2018
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
Gran Colombia Gold Corp. (TPRFF) TI Golden Cross train -
ex.
China Is Going To Replace The Dollar With A Gold-Backed Currency In 2018 -
https://www.youtube.com/watch?v=MCZbp4427rU
The 2018 Stock Market Bubble vs. Gold & Silver -
by: Steve St. Angelo
Money Metals News Service
January 12th, 2018
https://www.moneymetals.com/news/2018/01/12/2018-stock-bubble-vs-gold-silver-001368
Stock Market Bubble vs Gold & Silver -
https://www.youtube.com/watch?time_continue=9&v=uM_LBoHWjrg
10 charts that show why gold is undervalued right now -
Frank Holmes - U.S. Global Investors | about 19 hours ago |
http://www.mining.com/web/10-charts-show-gold-undervalued-right-now/
Gold Prices Are Rising as the Fed Hikes Rates -
https://moneymorning.com/2017/12/15/dont-be-fooled-gold-prices-are-rising-even-as-the-fed-hikes-rates/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+USMoneyMorning+%28Money+Morning%29
Note ....
The gold bull market in the 1970s and 1980s happened
even as the Fed tested record-high interest rates.
The yield on the 30-year Treasury bond rallied sharply
during the late 1970s, eventually topping 15% in 1981.
Gold rallied from about $100 per ounce in 1976
to over $850 per ounce in 1980.
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.
God Bless
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