Gran Colombia: Colombia’s Largest Underground Gold Producer
Gran Colombia approaches $100M EDITBA this year
Production is up 36 percent at Gran Colombia Gold. With EBITDA (earnings before interest, taxes, depreciation, and amortization) approaching 100 million this year, the company continues to expand operations and move forward as Colombia’s largest underground gold producer.
Primarily focused in Colombia, the Canadian-based gold and silver exploration, development and production company has several underground mines in operation at its Segovia and Marmato Operations. The Marmato Project is one of the top-20 largest undeveloped global gold deposits and currently the company is evaluating the potential to expand the existing underground mining operations.
In addition, they’re advancing a project to develop a modern, large-scale, gold and silver mine at its Segovia Operations. Being it’s primary focus, the high-grade Segovia Operations was announced, in August 2017, a four-year extension in mine life to 2026.
As the leading Colombia focused gold producer, the company is building a strong growth profile through exploration, development and bringing production gold projects in Colombia.
Another focus for Gran Colombia is valuation growth, the team strongly believes in the company’s potential for great success and seeks to build shareholder value, thought hard work, collaboration and achieving targets. Their 2018 gold production is expected to surpass 210,00 ounces.
Colombia is a country of opportunities with a growing economy, one of the lowest inflation rates in Latin America and free trade agreements, with eight trading partners including the USA, European Union and more than 100 designated free-trade zones. Colombia’s government is very supportive of foreign investment and it has the best investor protection in Latin America, 6th worldwide, according to the World Bank (2013). Mining is a significant sector in the Colombian economy and one of the country’s largest export sectors.
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