Gran Colombia Gold net income increased by 30% in 2020 as gold price rose

Gran Colombia Gold published yesterday its full year annual report. Between 2019 and 2020, gold production decreased from 239,991 to 220,194 ounces. However, its operating revenue increased by 20% to $390.9 million. This result is partially explained by an increase in the market gold price. By the end of the fourth quarter of 2020, the gold price reached an average price of 1,875 per ounce, higher than in 2019 ($1,480). In terms of its operating actions, Gold Colombia added an ESG sub-committee of the Board in early 2020 to support its ongoing commitment to ESG initiatives

Tigo invested more than $273 mn last year

For the seventh consecutive year, Tigo's 2020 investments exceeded $270 million (Co$ 1 billion), revealed the company in its 2020 annual report. Its consolidated EBITDA was $444 million ( Co$ 1.62 billion). Last year, the mobile operator installed 2,358 antennas in the 700MHz band in terms of its operation - a figure that no other firm has reached since the 2019 spectrum auction came to play.

Unemployment at 15.9% last February

In February 2021, the national unemployment rate was at 15.9%, 3.7 percentage points higher than February 2020 (12.2%), revealed DANE. This means 3,9 million people in Colombia are looking for a job. The highest figure ever registered for February. Nonetheless, this is the lowest data point for unemployment since the pandemic started last year.