Gran Colombia Gold is the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. Since 2014, Gran Colombia has doubled its total gold production, reaching 218,000 ozs in 2018. Production growth and the Company's focus on controlling its costs (Cash cost of US$680 and AISC of US$919 per oz in 2018) helped to increase its adjusted EBITDA to US$102.4 million in 2018. Gran Colombia has reduced its total debt to US$88.7M as of August 14, 2019 and increased its cash position to US$51 million as of June 30, 2019. Gran Colombia is continuing its exploration, development and modernization activities at its high-grade (17.1 g/t in 2018) Segovia Operations which account for about 90% of its total gold production and evaluating the opportunity to expand its underground mining operations at the Marmato Project.
Gran Colombia has positive free cash flow and has strengthened its balance sheet over the last couple of years.
Gran Colombia's equity is significantly undervalued relative to its peers and has outperformed the TSX Gold index over the last year.
Significant blue-sky potential to fuel production growth and mine life extension at its high grade Segovia Operations.
Annual Production Gold, oz per year
Annual Proven & Probable Reserves Gold, Moz per year
Mineral Authority: NI 43-101 , GEOs: No
All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.