Gran Colombia Gold Corp. announced today that it produced a total of 17,915 ounces of gold in November 2020 bringing the total for the first eleven months of 2020 to 200,235 ounces compared with a total of 217,600 ounces in the first eleven months of 2019. The year-to-date 2020 production results reflect the impact of COVID-19 on the Company’s mining operations, predominantly in the second quarter of this year. The [...]
Gran Colombia Gold Corp. announced today that it has acquired 7,555,556 Subscription Receipts of Caldas Gold Corp. pursuant to a non-brokered private placement at a price of CA$2.25 per Subscription Receipt for a total investment of CA$17 million. Gran Colombia’s investment was part of a larger offering of 37,777,778 Subscription Receipts for aggregate gross proceeds to Caldas Gold of CA$85 million . Upon the satisfaction [...]
Gran Colombia Gold Corp. announced today the release of its unaudited interim condensed consolidated financial statements and accompanying management’s discussion and analysis for the three and nine months ended September 30, 2020. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. Gran Colombia also announced today that its Board of Directors has approved an increase in its [...]
Gran Colombia Gold Corp. announced today that it will release its financial results for the third quarter and first nine months of 2020 after market close on Wednesday, November 11, 2020 and will host a conference call and webcast on Thursday, November 12, 2020 at 10:00 a.m. Eastern Time to discuss the results. Webcast and call-in details are as follows: Live Event link: https://edge.media-server.com/mmc/p/c5ejtedn Canada [...]
Gran Colombia Gold Corp. announced today that Fitch Ratings has upgraded it to ‘B+’ from ‘B‘ with a Stable Outlook. In its commentary regarding the rating action, Fitch Ratings stated that the upgrade reflects the improvement in Gran Colombia’s capital structure due to strong free cash flow and capital raising that has led to substantial debt repayment. Fitch Ratings noted several key rating drivers including positive [...]
Gran Colombia Gold Corp. is pleased to provide an update on drilling results at its Zancudo Project since the last results were announced on October 9, 2018. Since then, a total of 9 additional drill holes totaling 3,323 meters were completed by IAMGOLD Corporation as part of the 2018 diamond drilling program and 21 drill holes totaling 5,904 meters were completed by IAMGOLD in the 2019 diamond drilling program. Due to [...]
Gran Colombia Gold Corp. announced today that it produced a total of 19,699 ounces of gold in September 2020 bringing the total for the third quarter of 2020 to 58,454 ounces, up 4% over the third quarter of 2019. The third quarter 2020 production reflects a 21% improvement over the second quarter of 2020 which had been adversely impacted by the COVID-19 national quarantine invoked in Colombia in late March. For the first [...]
Gran Colombia Gold Corp. announced today that Monica De Greiff has been appointed by the Government of Colombia to the position of Ambassador to Kenya. Consequently, Ms. De Greiff has stepped down from the Company’s Board of Directors effective September 30, 2020. The Company does not intend to fill the vacancy at this time. Serafino Iacono, Executive Chairman of Gran Colombia, stated, “Ms. De Greiff has made a valuable [...]
Gran Colombia Gold Corp. announced today that it has entered into a letter of intent dated effective September 23, 2020 with ESV Resources Ltd. to spin out its interest in the Zancudo Project to ESV. Gran Colombia will also subscribe for CA$3,000,000 of subscription receipts in a non-brokered private placement being completed concurrently by ESV as described further below. Serafino Iacono, Executive Chairman of Gran [...]
Gran Colombia Gold Corp. announced today that it produced a total of 20,644 ounces of gold in August 2020, up 14% over last month’s production. This brings the total for the first two months of the third quarter of 2020 to 38,755 ounces, up 5% over the same two-month period last year. Gran Colombia’s total gold production for the first eight months of 2020 of 143,230 ounces, compared with a total of 155,359 ounces in the [...]
Gran Colombia Gold Corp. announced today that it has filed with the Toronto Stock Exchange , and the TSX has accepted, a notice of intention to make a normal course issuer bid for its common shares trading under the symbol GCM . The NCIB will allow the Company to purchase for cancellation up to 5,934,811 Shares of the Company over a 12-month period, representing 10% of the current issued and outstanding Shares in the [...]
Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, sold 4,335,999 common shares of Gran Colombia Gold Corp., over the Toronto Stock Exchange (representing approximately 7.0% of the outstanding shares on non-diluted basis) at a price of approximately $6.5063 per share for aggregate consideration of approximately $28,211,310. The sale resulted in a partially diluted [...]
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