We started as a 60 thousand ounces producer, we’re up to 165 thousand ounces so our goal is to not only develop the existing mine and increase the production but also to go in more aggressively. We are only working on ten percent of the concession.
Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines and two processing plants in operation at its Segovia and Marmato Operations. Gran Colombia is currently in the midst of an expansion and modernization project at its high grade, production stage Segovia Operations. In recent years, Gran Colombia has successfully implemented a number of cost savings initiatives, bringing its All-In Sustaining Cost (AISC) to US850 per ounce in 2016 and expected to be below US900 in 2017.
Gran Colombia Gold is building the leading Colombia focused gold producer. The Company is building a strong production growth profile through exploration, development and bringing to production gold projects in Colombia. The Company’s focus is on the development of the Segovia Operations and Marmato projects to generate strong cash flows in the short, medium and long term.
To be successful, Gran Colombia Gold must also be a positive agent of change for the communities where it operates. The Company can only succeed if the communities are changed in a positive way and share in that success. Gran Colombia’s success will drive positive change in the communities; positive changes in health and safety, wages, pensions, the environment, economic growth and diversity, education and stronger communities.
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