Gran Colombia Gold Corporation - (GCM)

[Tommy]

$TPRFF - $GCM.TO - Gran Colombia Gold announces full year 2012 production growth of 10% with total production of 100,895 ounces of gold and strengthening of Segovia's management team

http://grancolombiagold.mediaroom.com/index.php?s=11316&item=135140

... " "Gran Colombia is committed to closing the value gap for our shareholders. The management changes were implemented to provide better focus and accountability on the strategic imperatives of the company," said Serafino Iacono, Executive Co-Chairman of Gran Colombia Gold. "We remain focused on increasing cash flows from our Segovia Operations by doubling our throughput at our existing Segovia operations; on completing the Marmato prefeasibility study and advancing the project to the next phase; and on successfully implementing the Pampa Verde project to build a new, modern mine and plant at Segovia that will significantly reduce cash costs and increase production".

Gran Colombia has completed the internal work on the Marmato prefeasibility study and has engaged Roscoe Postle & Associates to undertake the activities required to certify the study in accordance with NI43-101 guidelines. Roscoe Postle and Associates commenced its work with a site visit in early January and is finalizing its work plan to certify the prefeasibility study.

The company expects to provide its 2013 outlook together with its fourth quarter and full year 2012 results around the last week of March 2013." ...