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Gran Colombia Gold output rises 10%

Stockhouse Editorial
0 Comments| January 25, 2013


Gran Colombia Gold (TSX: T.GCM, Stock Forum) Friday announced full-year 2012 production of 100,895 ounces of gold, a 10% increase from 2011, this according to a company news release.

The junior miner added that gold production at its Segovia and Marmato Operations in the fourth quarter of 2012 was 16,817 and 5,299 ounces, respectively.

"We remain focused on increasing cash flows from our Segovia Operations by doubling our throughput at our existing Segovia operations; on completing the Marmato prefeasibility study and advancing the project to the next phase; and on successfully implementing the Pampa Verde project to build a new, modern mine and plant at Segovia that will significantly reduce cash costs and increase production," said Gran Colombia Gold Executive Co-Chairman Serafino Iacono.

Gran Colombia said it expects to provide its 2013 outlook, most likely during the last week of March 2013.  


Tags: INDUSTRIAL METALS & MINERALS

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