(Kitco News) - GCM Mining (TSX: GCM) announced today that it produced a total of 53,198 ounces of gold in Q2 2022 at its Segovia Operations in Colombia, a slight increase compared with 52,198 ounces in Q2 2021.
In the second quarter of 2022, the company also produced 85,741 ounces of silver, up from 54,573 ounces of silver in the second quarter last year, together with approximately 294,000 pounds of zinc and 345,000 pounds of lead.
The company reported consolidated gold production in the first half last year of 103,684 ounces which included 2,428 ounces from Marmato up to February 4, 2021, the date of the loss of control of Aris Gold.
GCM Mining said it remains on track to meet its 2022 annual production guidance of 210,000 to 225,000 ounces of gold, aided by the completion of the Maria Dama plant expansion to 2,000 tonnes per day in the third quarter of 2022.
The company’s polymetallic plant at Segovia processed an average of approximately 97 tpd of tailings in the first half of 2022 resulting in the production of approximately 645 tonnes of zinc concentrate and approximately 547 tonnes of lead concentrate which have been stockpiled and are expected to start shipping in the next few weeks under an offtake agreement with an international customer that was executed in June.
GCM Mining 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 15, 2022 to shareholders of record as of the close of business on July 29, 2022.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations.
In Guyana, the company is advancing its fully funded Toroparu project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024.
