SPDR Gold Trust (GLD)

[NYBob]

Gran Colombia Gold Reports First Half 2018 Gold Production; Expects to Surpass 200,000 Ounces for the Full Year
July 11, 2018
TORONTO, July 11, 2018 (GLOBE NEWSWIRE) --


Gran Colombia Gold Corp. (TSX:GCM) announced today that it produced a
total 18,113 ounces of gold in June bringing the total for the second
quarter of 2018 to 52,906 ounces, up 15% compared to the second quarter
of 2017.
For the first half of 2018, total gold production amounted to
105,578 ounces, up 24% over the first half of 2017.

This brings the Company’s trailing 12-months’ total gold production as
of June 2018 to 194,316 ounces, up 12% from 2017’s annual production of
173,821 ounces.
The Company initially provided guidance that it expected to produce
between 182,000 and 193,000 ounces in 2018.

However, based on its first half results, the Company now expects that
its 2018 gold production will surpass 200,000 ounces.


Serafino Iacono, Executive Co-Chairman of Gran Colombia, commented,
“We have now reported three consecutive quarters with
over 50,000 ounces of gold production.
With our local management team doing a very good job focusing on
execution of our mine plan at Segovia, we are confident
we will produce over 200,000 ounces this year.”

At the Segovia Operations, gold production in June amounted to
16,087 ounces, bringing the total for the second quarter of
2018 to 47,071 ounces and for the first half of 2018 to
93,543 ounces, up 28% compared to the first half of 2017.

This brings Segovia’s trailing 12-months’ total gold production as of
June 2018 to 169,206 ounces, up 14% from 2017 fuelled by continuing
growth in the Company’s three mines which represented 95% of
Segovia’s trailing 12-months’ production.

The Company has processed an average of 972 tonnes per day (“tpd”)
in the first half of 2018 with an overall average head grade of
16.7 g/t, continuing to benefit from growth in production from
its high-grade Providencia mine.

The Company now expects that Segovia Operations’ annual gold production
will surpass 175,000 ounces for 2018, above the top end of its initial
2018 gold production guidance of 167,000 ounces.

The Company’s Marmato mine remained steady, producing 2,026 ounces of
gold in June, bringing the total for the second quarter of
2018 to 5,835 ounces and for the first half of 2018 to 12,035 ounces,
on par with the first half of 2017.
This brings Marmato’s trailing 12-months’ total gold production as of
June 2018 to 25,110 ounces, on par with 2017’s annual production and
within the Company’s guidance range for 2018 of between
24,000 and 26,000 ounces.

The Company will be releasing its financial results for the second
quarter and first half of 2018 on or about August 14, 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 to focus on
exploration, 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"----Accordingly,
the reader is cautioned not to place undue reliance on forward-looking
statements.

For Further Information, Contact:
Mike Davies
Chief Financial Officer
[phone]
[e-mail]

Primary Logo

Source: Gran Colombia Gold
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2018/Gran-Colombia-Gold-Reports-First-Half-2018-Gold-Production-Expects-to-Surpass-200000-Ounces-for-the-Full-Year/default.aspx

https://investorshub.advfn.com/Gran-Colombia-Gold-Corp-TPRFF-30138/

God Bless