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Gran Colombia says on track to meet 2021 guidance

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(Kitco News) - Gran Colombia Gold (TSX: GCM; OTCQX: TPRFF) announced today that the company produced 17,936 ounces of gold and 18,569 ounces of silver at Segovia in May 2021 bringing the total for the first five months of the year to 84,467 ounces of gold and 95,342 ounces of silver, up from 78,661 ounces of gold and 72,309 ounces of silver in the first five months of 2020.

Gran Colombia said it processed 49,089 tonnes in May at its Maria Dama plant, representing a daily processing rate of 1,584 tonnes per day ("tpd"), and head grades averaged 12.63 g/t in the month. This brings the daily processing rate for the first five months of 2021 to an average of 1,522 tpd with an average head grade of 12.72 g/t compared with 1,242 tpd at an average head grade of 14.39 g/t in the first five months of 2020.

With its trailing 12-months total gold production amounting to 202,161 ounces, Gran Colombia said it remains on track to produce between 200,000 and 220,000 ounces of gold in 2021 from its Segovia Operations.

Gran Colombia also announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on July 15, 2021 to shareholders of record as of the close of business on June 30, 2021.

Additionally, Gran Colombia said it has published its inaugural ESG report entitled "2020 Sustainability Report" which is available on its website.

Gran Colombia is a mid-tier gold producer operating in Latin America. In Colombia, the company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the company is advancing the Toroparu project, one of the largest undeveloped gold projects in the Americas.

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