Gran Colombia Gold Corp. announced today that has increased its equity position in Sandspring Resources Ltd. to 19.96% through a non-brokered private placement completed today by Sandspring. Sandspring intends to use the proceeds of the Private Placement to continue work on the re-scoping of the Toroparu Project, additional exploration at its Chicharron Project and for general working capital. On June 4, 2019, Sandspring [...]
Gran Colombia Gold Corp. announced today that it has received approval from the Toronto Stock Exchange to commence normal course issuer bids for its common shares and its share purchase warrants expiring April 30, 2024 trading under the symbol GCM.WT.B. The NCIBs allow the Company to purchase up to 4,589,129 common shares and up to 1,109,628 Warrants of the Company, representing 10% of the current issued and outstanding [...]
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 months ended March 31, 2019. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. Serafino Iacono, Executive Chairman of Gran Colombia, commenting on the Company’s latest results [...]
Gran Colombia Gold Corp. deeply regrets to report that a miner has succumbed to injuries suffered in an accident at its Segovia Operations last Thursday when a cable on an elevator transporting 20 miners from level 8 to level 12 in the Providencia mine failed. The Company’s Emergency Response Team was immediately activated. The appropriate government authorities were also immediately notified and an investigation [...]
Gran Colombia Gold Corp. announced today that it has identified additional high-grade intercepts over broad widths in the final eight holes of the infill drilling program started in 2018 on the Deeps Zone at its 100%-owned Marmato Project in Caldas, Colombia. The 2018 drilling campaign was undertaken to obtain additional information in conjunction with the ongoing technical studies and evaluations focused on the potential [...]
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: April 30, 2019 Record date: April 23, 2019 Cash payment amount: Approximately US$0.0601384 per US$1.00 principal amount of Gold Notes representing an amortization payment of the principal amount issued and outstanding of approximately US$0.0584708 per [...]
Gran Colombia Gold Corp. announced today that it produced a total of 21,325 ounces of gold in March bringing the total for the first quarter of 2019 to 60,601 ounces, a new quarterly record and up 15% over the first quarter of 2018. This brings the trailing 12 months’ total gold production at the end of March 2019 to 225,930 ounces, up 4% over 2018’s annual production and at the top end of Gran [...]
Gran Colombia Gold Corp. announced today that it has closed its previously announced private placement offering on a bought deal basis , led by GMP Securities L.P. and Scotiabank , of C$20,000,000 aggregate principal amount of convertible unsecured subordinated debentures at a price of C$1,000 per C$1,000 principal amount of debentures . The Convertible Debentures will mature on April 5, 2024, being five years and one day [...]
Gran Colombia Gold Corp. announced today the release of its audited consolidated financial statements and accompanying management’s discussion and analysis for the year ended December 31, 2018. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. Serafino Iacono, Executive Chairman of Gran Colombia, commenting on the Company’s results for 2018, said, “2018 was the [...]
Gran Colombia Gold Corp. announced today that it produced a new monthly record total of 21,335 ounces of gold in February, bringing the total for the first two months of 2019 to 39,276 ounces and the trailing 12 months’ total gold production at the end of February 2019 to 223,237 ounces, up 2% over 2018’s annual production and near the top end of Gran Colombia’s guidance range for 2019 of between 210,000 [...]
Gran Colombia Gold Corp. announced today that it has completed updated Mineral Resource and Mineral Reserve estimates for its Segovia Operations prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum Definition Standards incorporated by reference in National Instrument 43-101 with an effective date of December 31, 2018. Serafino Iacono, Executive Co-Chairman of Gran Colombia, commented [...]
Not for distribution to U.S. news wire services or dissemination in the United States. Gran Colombia Gold Corp. announced today it has entered into an agreement with a syndicate of underwriters co-led by GMP Securities L.P. and Scotiabank pursuant to which the Underwriters have agreed to purchase on a bought deal, private placement basis C$20,000,000 aggregate principal amount of convertible unsecured subordinated [...]
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