News Alert: Gran Colombia Gold – Now Paying a Dividend!
Gran Colombia’s cash cost remains below $700 an ounce
Colombia’s largest underground gold producer, Gran Colombia Gold, shares that despite the worldwide epidemic, their cash cost of production remains below $700 an ounce.
In addition, the company has implemented a dividend policy for the first time. It’s a 6 cents a share policy of giving a dividend over the year.
“It’s going to be paid on a quarterly basis to investors starting the month of October,” says Gran Colombia’s Executive Chairman, Serafino Iacono.
2 producing gold operations
The company produces its gold from two operations, the Segovia and the Marmato. In fact, combined both operations are estimated to produced 220,000 ounces of gold per year.
Segovia is an area of approximately 9,000 hectares located in the Segovia-Remedios mining district of Antioquia. Overall, Segovia’s high-grade mines have been in continuous operation for over 150 years. Over that time, it has produced more than an estimated 5 million ounces of gold.
The Marmato project contains a total estimated resources of approximately 8 million ounces of gold and almost 38 million ounces of silver. The project is located in the Caldas department in the heart of the Middle Cauca gold district.
Overall, Marmato has excellent infrastructure, being located by the Pan American Highway with access to Medellin to the north and Manizales to the south, and has access to the national electricity grid which runs near the property.
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