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Gran Colombia Gold posts increased production for Q2 2021

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(Kitco News) - Gran Colombia Gold (TSX: GCM; OTCQX: TPRFF) announced yesterday that it produced a total of 16,789 ounces of gold at its Segovia Operations in June 2021 bringing the total gold production for the second quarter of 2021 to 52,198 ounces compared with 44,377 ounces from Segovia in the second quarter of 2020.

The company said it also produced 54,573 ounces of silver at Segovia in the second quarter of 2021, up from 41,342 ounces of silver in the second quarter last year. For the first half of 2021, Segovia’s gold and silver production totalled 101,256 ounces and 111,888 ounces, respectively, up from 94,723 ounces of gold and 87,260 ounces of silver in the first half of 2020.

Gran Colombia added that with its trailing 12-months total gold production from Segovia at the end of the second quarter amounting to 202,895 ounces, up 3% over 2020, the company remains on track to meet its production guidance at Segovia for the full year of 200,000 to 220,000 ounces of gold.

The company 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 August 16, 2021, to shareholders of record as of the close of business on July 30, 2021.

Gran Colombia is a mid-tier gold producer with a proven track record of mine building and 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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