Make Kitco Your Homepage

Gran Colombia 1Q Output Rises 24% From Year Ago

Kitco News

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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News