SPDR Gold Trust (GLD)

[NYBob]

Gran Colombia sees 4% increase in 3Q gold production
Neils Christensen Neils Christensen
Tuesday October 13, 2020 11:02
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(Kitco News) - Gran Colombia Gold Corp. (TSX: GCM) is on track to meet its annual production guidance after reporting substantial production numbers for the third quarter.

In a report Tuesday, the junior gold miner said it produced 58,454 ounces of gold between July and September, an increase of 4% from the third quarter of 2019.

“The third quarter 2020 production reflects a 21% improvement over the second quarter of 2020 which had been adversely impacted by the COVID-19 national quarantine invoked in Colombia in late March,” the company said in the report.

So far this year, the company said it has produced a total of 162,929 ounces of gold, down slightly compared with 174,754 ounces in the first nine months of last year.

“The Company is continuing to operate normally at both Segovia and Marmato and remains on track with its annual guidance of a total of between 218,000 and 226,000 ounces of gold production this year,” it said in the press release.

By Neils Christensen
For Kitco News


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