At 220,000 oz, Gran Colombia meets 2020 guidance despite 8% production decline

Gran Colombia Gold produced 220,194 oz. of gold from its operations in Antioquia, meeting its production guidance for the fifth year in a row. The company had guided for production of 218,000 to 226,000 oz. gold. Most of its production – 196,362 oz. or 88% of the total – came from the company’s Segovia operations, consisting of three underground mines. In 2019, the company produced a total of 239,991 oz. gold, including 214,241 oz. of gold from Segovia at cash costs of $607 per oz. The Segovia operations contain proven and probable reserves of 2 million tonnes averaging 10.5 g/t gold for 670,000 oz.

Source: Canadian Mining Journal