Gran Colombia Gold Corp. announced today that it intends to spin off its Marmato mining assets into a separate listed special purpose vehicle. Through the spin off, Gran Colombia will retain a major stake in the new company while leveraging the capital markets to provide the funding required for ongoing exploration and the development of the underground mining assets at Marmato, including the expansion of operations to [...]
Gran Colombia Gold Corp. announced today that it produced a total of 18,710 ounces of gold in August bringing the total for the first eight months of 2019 to 155,359 ounces, up 8% over the first eight months of 2018. Gran Colombia’s trailing 12 months’ total gold production at the end of August 2019 of 229,739 ounces is up 5% over 2018’s annual production. The Company continues to expect that its annual [...]
Gran Colombia Gold Corp. announced today that that it entered into a letter of intent on August 31, 2019 with Western Atlas Resources Inc. outlining the terms on which it intends to spin off its Venezuelan assets in exchange for US$20 million in common shares of Western Atlas and also acquire up to a 19.9% equity interest in Western Atlas by way of a CA$1.4 million subscription into Western Atlas’ proposed private [...]
Gran Colombia Gold Corp. announced today that its equity position in Sandspring Resources Ltd. has changed to 19.45% through a non-brokered private placement completed today by Sandspring. Sandspring intends to use the proceeds of the Private Placement to commence work on the feasibility study for its Toroparu Gold Project, for additional step out and exploration drilling at its Chicharron Project and for general working [...]
In a release issued under the same headline earlier today by Gran Colombia Gold , the following line in the CEO’s quote had been inadvertently truncated from the second paragraph: “…our operating cash flow was up 7% and our Free Cash Flow was up 3%, all compared to the first half of 2018. With the recent run up in gold prices…” The corrected release follows: Gran Colombia Gold Corp[...]
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 six months ended June 30, 2019. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the Company’s latest [...]
Gran Colombia Gold Corp. announced today the final assay results from 115 diamond drill holes included in the 2019 underground infill drilling program at its high-grade Segovia Operations and also the assay results from nine kick-off holes in the ongoing directional drilling program in the deep zone at the El Silencio mine. Serafino Iacono, Executive Chairman of Gran Colombia, commented, “We are excited to see a [...]
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: July 31, 2019 Record date: July 24, 2019 Cash payment amount: Approximately US$0.0701701 per US$1.00 principal amount of Gold Notes representing an amortization payment of the principal amount issued and outstanding of approximately US$0.0621019 per [...]
Gran Colombia Gold Corp. announced today that it produced a total of 18,882 ounces of gold in June bringing the total for the second quarter of 2019 to 57,882 ounces, up 9% over the second quarter of 2018. For the first half of 2019, the Company produced a total of 118,483 ounces of gold, up 12% over the first half last year. This brings the trailing 12 months’ total gold production at the end of June 2019 to [...]
Gran Colombia Gold Corp. announced today that, as a result of a review by staff of the Ontario Securities Commission, it is issuing the following news release regarding its disclosure on the Segovia Project. Specifically, the Company announced that it has filed an amended version of its prefeasibility study technical report on its Segovia Project prepared by SRK Consulting, Inc. pursuant to National Instrument 43‐101 [...]
Gran Colombia Gold Corp. announced today that it produced a total of 18,528 ounces of gold in May bringing the total for the first five months of 2019 to 99,601 ounces, up 14% over the first five months of 2018. Gran Colombia’s trailing 12 months’ total gold production at the end of May 2019 of 230,136 ounces is up almost 6% over 2018’s annual production and remains above the top end of the [...]
Gran Colombia Gold Corp.’s Annual and Special Meeting of Shareholders was held today. The detailed results of the votes for each matter to be acted upon are set out below: Item Description of matter Outcome Voted Voted 1. Fixing the number of directors at seven. Approved 10,280,175 For 34,289 Against 99.67% 0.33% 2. The election of the following individuals as directors of the Corporation to hold office until the [...]
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