Gran Colombia 1Q Output Rises 24% From Year Ago
Gran Colombia Gold Corp. (TSX: GCM) says it produced 39,008 ounces of gold in the first quarter, up 24% from the same period last year. With the trailing 12 months of total gold production as of the end of March increasing 5% over 2016 annual production to 157,227 ounces, the company says it remains on track with its 2017 production guidance of 150,000 to 160,000 ounces. At the Segovia operations, a 19% increase in tonnes processed and improved mill recovery were the key drivers behind a 26% year-over-year increase in first-quarter gold production to 32,768 ounces. At Marmato, gold production in the first quarter was 6,240 ounces, up 14% over the first quarter last year, driven by a 20% year-over-year increase in tonnes processed and improved mill recovery, the company says.