Make Kitco Your Homepage

Gran Colombia says on track to meet 2021 production guidance

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Gran Colombia Gold (TSX: GCM; OTCQX: TPRFF) announced today that it produced a total of 18,643 ounces of gold at its Segovia Operations (Colombia) in March 2021 bringing the total gold production for the first quarter of 2021 to 49,058 ounces compared with 50,346 ounces in the first quarter of 2020.

The company said it is also produced 57,315 ounces of silver in the first quarter of 2021, up from 45,918 ounces of silver in the first quarter last year.

CEO Lombardo Paredes commented, “We had a solid month in March, our second consecutive month above the 1,500 tpd level at our Maria Dama processing plant at our Segovia Operations. Based on our plan for the balance of the year, we remain on track to meet our production guidance for the full year of 200,000 to 220,000 ounces of gold.”

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.

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 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.