Gran Colombia Produces 17,377 Gold Ounces In August

Gran Colombia Gold (TSX: GCM) this morning reported its production results for the month of August at its Segovia operations. The company continues to see strong improvements from the year ago period, with production being up on a year over year basis.

For the month of August, Gran Colombia produced a total of 17,377 ounces of gold and 17,915 ounces of silver, an improvement over the 15,258 ounces of gold produced in the prior month. July silver production numbers were not previously provided.

On a year to date basis, the firm has produced a total of 133,891 ounces of gold and 144,796 ounces of silver, an improvement over the 129,082 and 118,570 ounces of gold and silver, respectively, produced in the year ago period. Tonnes per day of processing also improved, with the year to date average sitting at 1,505 tpd, versus 1,212 tpd in the prior period. Head grade however slightly declined to 12.7 g/t, compared to 14.7 g/t in the year ago period.

The company reportedly remains on track to produced between 200,000 and 220,000 ounces of gold at Segovia this year as previously guided.

Gran Colombia Gold last traded at $5.10 on the TSX.

Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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