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. Gran Colombia's focus on controlling its costs (AISC of US$899 per oz in trailing 12 months ended September 2018) has helped to increase its adjusted EBITDA to US$105 million in the same trailing 12-month period. Gran Colombia has reduced its total debt to US$83.4M as of January 31, 2019 and increased its cash position to US$33 million as of December 31, 2018. 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 89% 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 in 2018.
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.