Gran Colombia: One of the Top 5 Highest Grade Underground Gold Producers In The World
Production Has Doubled Over the Last Five Years to Over 200,000 Ounces
Gran Colombia Gold is the largest underground gold producer in Colombia with almost 90% of its production sourced from its Segovia Operations. A recent Mining Intelligence survey recognized Segovia as one of the top 5 highest-grade underground gold operations in the world. And over the last 5 years, fueled by capital investment in Segovia, production has doubled to over 200,000 ounces in the last 12 months. Production growth and a focus on controlling costs have increased the Company’s EBITDA which has surpassed $100 million U.S. this year. In 2018, the company simplified its capital structure and strengthened its balance sheet, setting the stage for the continuation of its exploration and expansion activities. The Company’s share price performance over the last 18 months has reflected positive investor sentiment, reaching a new 52-week high in May 2018. The Company continues to believe its common shares remain undervalued relative to other mid-tier peers. Relative to other mid-tier gold mining companies, Gran Colombia Gold’s share price is one of the lowest presenting investors with a unique opportunity.
The Leading Colombia Focused Gold Producer
The company is building the leading Colombia focused gold producer. They’re 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. Another focus for the company is Valuation Growth. Their team believes strongly in the Company’s potential for great success and seeks to build shareholder value by having a great plan, executing through hard work & collaboration, and by achieving targets.
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