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Gran Colombia Gold says on track to meet 2021 production guidance

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(Kitco News) - Gran Colombia Gold (TSX: GCM) announced Wednesday that in Q3 2021, it produced a total of 49,848 gold ounces at its Segovia Operations in Colombia, 3% less compared with 51,555 ounces produced in Q3 2020.

The company also produced 52,382 ounces of silver at Segovia in the third quarter of 2021, up from 47,560 ounces of silver in the third quarter last year.

Gran Colombia added that for the first nine months of 2021, Segovia's gold and silver production totalled 151,104 ounces and 164,270 ounces, respectively, up from 146,278 ounces of gold and 134,820 ounces of silver in the first nine months of 2020.

CEO Lombardo Paredes said, "We have maintained a steady pace of production in the third quarter of 2021, which included a planned four-day maintenance shutdown at the Maria Dama plant in July. With our trailing 12-months total gold production from Segovia at the end of the third quarter amounting to 201,187 ounces of gold, up 2% over 2020, we are confident we will meet our production guidance at Segovia for the full year of 200,000 to 220,000 ounces of gold.”

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. Gran Colombia also owns an approximately 44% equity interest in Aris Gold (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver and an approximately 26% equity interest in Western Atlas Resources.

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