Gran Colombia Gold Corp. announced today that it has acquired 33,666,666 common shares of Denarius Silver Corp. in connection with the completion of the Reverse Takeover Transaction, as more particularly described below. Zancudo Transaction On February 19, 2021, the Issuer completed a share purchase transaction with Gran Colombia pursuant to which the Issuer acquired certain mining assets located in the Municipalities of [...]
Gran Colombia Gold Corp. announced today that it expects to produce between 200,000 and 220,000 ounces of gold in 2021 from its high-grade Segovia Operations in Antioquia, Colombia. In 2020, the Segovia Operations produced 196,362 ounces of gold. Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the Company's expected production in 2021, said, "Our Segovia Operations continue to be one of the [...]
Gran Colombia Gold Corp. announced today the details for the forthcoming quarterly repayment of its 8.25% Senior Secured Gold-Linked Notes due 2024 as follows: Payment date: February 1, 2021 Record date: January 25, 2021 Cash payment amount: Approximately US$0.11958030 per US$1.00 principal amount of Gold Notes issued and outstanding representing an amortization payment of the principal amount of approximately [...]
Gran Colombia Gold Corp. announced today that it produced a total of 19,958 ounces of gold in December 2020 bringing the total for the fourth quarter of 2020 to 57,265 ounces compared with 65,237 ounces in the fourth quarter of 2019. For the full year, the Company produced a total of 220,194 ounces of gold in 2020 which is within its annual guidance range of between 218,000 and 226,000 ounces. 2020 was the fifth [...]
Gran Colombia Gold Corp. announced today high-grade intercepts from the latest 71 diamond drill holes, totaling 10,634 meters, from the 2020 in-mine and near-mine drilling programs at its Segovia Operations. The Company also announced the assay results from five additional kick-off diamond drill holes from the ongoing directional drilling program at the El Silencio Deep Zone, which led to the discovery of a new high-grade [...]
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 [...]
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