174 Thousand Ounces Of Gold In 2017 | Largest Underground Gold Producer | Gran Colombia
Gran Colombia is the largest underground gold producer in Colombia. In 2017, production grew 16% to 174,000 ounces of gold. Gran Colombia is continuing to explore, expand and modernize its high-grade operations.
About Gran Colombia
Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. It is currently the largest underground gold and silver producer in Colombia. Coupled with several underground mines and two processing plants in operation at its Segovia and Marmato Operations.
It is currently in the midst of an expansion and modernization project at its high grade, production stage Segovia Operations. In recent years, it 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 about US900 in 2017.
Being largest underground gold producer, 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.
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