Gran Colombia Q3 output up 54% y/y
Canada-based Gran Colombia has marked the fourth consecutive quarter of gold production exceeding 50 000 oz and the first quarter of producing more than 50 000 oz at its Segovia mine alone, executive chairperson Serafino Iacono reported on Monday.
The TSX-listed miner produced 57 163 oz of gold in the third quarter of 2018, a 54% improvement on the prior-year period, bringing year-to-date output to 162 741 oz.
The company continues to expect that it will produce between 210 000 oz and 220 000 oz in 2018.
At the Segovia operations, gold production in September amounted to 17 140 oz, bringing the total for the third quarter of 2018 to 50 968 oz and for the first nine months of 2018 to 144 241 oz, up 40% compared with the first nine months of 2017, which included the adverse impact of the civil disruption on operations in August last year.
The Marmato mine produced 1 980 oz of gold in September, bringing the total for the third quarter of 2018 to 6 465 oz and for the first nine months of 2018 to 18 500 oz, about 3% lower than the first nine months of 2017.
“We continue to be encouraged by the execution of the development and modernisation programmes within our high-grade Segovia operations, which are fuelling our production and earnings growth,” Iacono said.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation