Aris Mining Corp (ARMN)

[NYBob]

Quarterly Repayment of its Gold Notes on October 31, 2018 and its Third Quarter 2018 Results Webcast
October 16, 2018
TORONTO, Oct. 16, 2018 (GLOBE NEWSWIRE) --

Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today
the details for the forthcoming quarterly repayment of its 8.25% Senior
Secured Gold-Linked Notes due 2024 (the “Gold Notes”) (TSX: GCM.NT.U)
as follows:


Payment date: October 31, 2018
Record date: October 24, 2018
Cash payment amount: Approximately US$0.052349 per US$1.00
principal amount of Gold Notes representing only an amortization
payment of the principal amount issued and outstanding.
No gold premium is applicable for this quarterly payment as the London
P.M. Fix on October 15, 2018 was below US$1,250 per ounce, the floor
price applicable to the quarterly repayments.
The aggregate principal amount of the cash payments on the Payment Date
will be US$4,875,000.
The Company sold the 3,900 ounces accumulated in the gold trust account
during the past quarter against a put option contract at US$1,250 per
ounce to realize the proceeds required for this cash payment.
Principal amount issued
and outstanding:
As of today’s date, there is a total of US$93,125,000 principal amount
of Gold Notes issued and outstanding.
After this quarterly repayment, the aggregate principal amount of the
Gold Notes will be reduced to US$88,250,000.

Third Quarter 2018 Webcast

Gran Colombia also announced today that it will release its financial
results for the third quarter and first nine months of 2018 after
market close on Tuesday, November 13, 2018 and will host a conference
call and webcast on Wednesday, November 14, 2018 at 9:30 a.m. Eastern
Time to discuss the results.

Webcast and call-in details are as follows:


Live Event link: https://edge.media-server.com/m6/p/bsmhpio8
International: 1 [phone]
North America Toll Free: 1 [phone]
Colombia Toll Free: 01 800 9 156 924
Conference ID: 47731204

A replay of the webcast will be available at
http://www.grancolombiagold.com from Wednesday, November 14, 2018 until
Friday, December 14, 2018.

About Gran Colombia Gold Corp.

With its primary focus in Colombia where it is currently the largest
underground gold and silver producer with several 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.


Gran Colombia Gold Reports Third Quarter 2018 Gold Production; Trailing
12-Months’ Gold Production Reaches 214,439 Ounces, Up 23% Over 2017
TORONTO, Oct. 15, 2018 (GLOBE NEWSWIRE) --

Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today
that it produced a total 19,120 ounces of gold in September bringing
the total for the third quarter of 2018 to 57,163 ounces,
up 54% compared to the third quarter of 2017.
For the first nine months of 2018, total gold production amounted to
162,741 ounces, up 33% over the first nine months of 2017.
This brings the Company’s trailing 12-months’ total gold production as
of September 2018 to 214,439 ounces, up 23% from 2017’s annual
production of 173,821 ounces.
The Company continues to expect that it will produce between 210,000
and 220,000 ounces in 2018.

Serafino Iacono, Executive Co-Chairman of Gran Colombia, commented,
“This was not only our fourth consecutive quarter with
over 50,000 ounces of total gold production for the Company, it was our
first quarter producing over 50,000 ounces of gold at Segovia alone.
We continue to be encouraged by the execution of the development and
modernization programs within our high-grade Segovia Operations which
are fuelling our production and EBITDA growth.”

At the Segovia Operations, gold production in September amounted to
17,140 ounces, bringing the total for the third quarter of 2018
to 50,968 ounces and for the first nine months of 2018 to
144,241 ounces, up 40% compared to the first nine months of 2017 which
included the adverse impact of the civil disruption on operations in
August last year.
The Company has processed an average of 994 tonnes per day (“tpd”) in
the first nine months of 2018 with an overall average head grade of
17.1 g/t, continuing to benefit from growth in production in 2018
from its high-grade Providencia mine.
This brings Segovia’s trailing 12-months’ total gold production as of
September 2018 to 189,828 ounces, up 28% from 2017.
The Company continues to expect that the Segovia Operations' will
produce between 185,000 and 195,000 ounces of gold in 2018.

The Company’s Marmato mine produced 1,980 ounces of gold in September,
bringing the total for the third quarter of 2018 to 6,465 ounces and
for the first nine months of 2018 to 18,500 ounces, about 3% lower
than the first nine months of 2017.
This brings Marmato’s trailing 12-months’ total gold production as of
September 2018 to 24,611 ounces, about 2% below 2017’s annual
production and within the Company’s expectation for 2018 of between
24,000 and 26,000 ounces.

The Company will be releasing its financial results for the third
quarter and first nine months of 2018 on or about November 13, 2018.

About Gran Colombia Gold Corp.

Gran Colombia is a Canadian-based mid-tier gold producer with its
primary focus in Colombia where it is currently the largest underground
gold and silver producer with several 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", which ----is
cautioned not to place undue reliance on forward-looking statements.

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

Gran Colombia Gold logo.jpg

Source: Gran Colombia Gold

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2018/Gran-Colombia-Gold-Reports-Third-Quarter-2018-Gold-Production-Trailing-12-Months-Gold-Production-Reaches-214439-Ounces-Up-23-Over-2017/default.aspx


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