He explicitly says this for segovia alone. He said this last year, long before the merger with goldx.
He must mean bringing some of the other 20 unexplored Segovia veins into production.
If that is the case, adding Toroparu would make the total 600k oz per year.
Institutions should like the bigger $500 mil market cap company and greater than 500k oz production with diversified country.
When guy in guyana was profitable, it was given a high valuation ($800 mil market cap for only 200k oz production).
Some people think that is a better country for investment.
Q: does the polymetalic plant work with denarius ore? It is polymetalic with silver and gold. Truck some ore over, add a crusher, and GCM increases production even more.
$Gran Colombia Announces Voting Results of the Annual General and Special Meeting of Shareholders Held Today; Shareholders Approve Gold X Acquisition ) May 27, 2021 TORONTO, May 27, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp.’s (TSX: GCM, OTCQX: TPRFF) Annual General and Special Meeting of Shareholders was held today. The detailed results of the votes for each matter to be acted upon are set out below:
Gran Colombia is also pleased to announce that, earlier today, the shareholders of both the Company and Gold X approved the proposed Arrangement under which the Company will acquire all of the issued and outstanding common shares of Gold X not already owned by the Company in exchange for Gran Colombia common shares on the basis of 0.6948 of a Gran Colombia share for each Gold X share.
Gold X expects to apply for a final order of the Supreme Court of British Columbia approving the Arrangement on or about June 1, 2021 (the “Final Order”). Subject to receipt of the Final Order, as well as the satisfaction or waiver of other customary closing conditions, Gold X and the Company expect that the Arrangement will become effective at 12:01 a.m. on June 4, 2021.
$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 high- grade Segovia Operations.
Gran Colombia’s portfolio includes equity positions in several listed companies advancing gold and silver projects including
a 44.3% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato; Canada – Juby),
a 17.8% equity interest in Gold X Mining Corp. (TSX-V: GLDX) (Guyana – Toroparu),
a 27.3% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero; Colombia – Guia Antigua and Zancudo) and
a 25.8% equity interest in Western Atlas Resources Inc. (TSX-V: WA) b(Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.