Gran Colombia Publishes Inaugural ESG Report; Announces May 2021 Production; Declares Monthly Dividend to be Paid on July 15,...
June 15 2021 - 7:00AM
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today
that it has published its inaugural ESG report entitled
“2020 Sustainability Report” which is available on
its website at www.grancolombiagold.com.
Lombardo Paredes, Chief Executive Officer of
Gran Colombia, said, “As we reflect on 2020 in our inaugural
Corporate Sustainability Report, I feel immense pride and gratitude
when thinking about our journey and all that we have achieved in
our 10 years of operating in the region of Antioquia, Colombia.
With 90% of our workforce from the region and by generating a
little over 4,000 jobs, we have become tied to the community. Our
community investments are focused on improving the lives of our
workers, their families and local suppliers, as well as others who
are not affiliated with the mine. Our COVID-19 response plans,
investments in education and healthcare, technical skills training,
environmental initiatives and support for the economic empowerment
of women are all examples of our commitment toward responsible
mining and the economic well-being of our employees and the
communities in which we operate.”
May 2021 Production Update
Gran Colombia produced 17,936 ounces of gold and
18,569 ounces of silver at Segovia in May 2021 bringing the total
for the first five months of the year to 84,467 ounces of gold and
95,342 ounces of silver, up from 78,661 ounces of gold and 72,309
ounces of silver in the first five months of 2020.
Gran Colombia processed 49,089 tonnes in May at
its Maria Dama plant, representing a daily processing rate of 1,584
tonnes per day (“tpd”), and head grades averaged 12.63 g/t in the
month. This brings the daily processing rate for the first five
months of 2021 to an average of 1,522 tpd with an average head
grade of 12.72 g/t compared with 1,242 tpd at an average head grade
of 14.39 g/t in the first five months of 2020.
With its trailing 12-months total gold
production amounting to 202,161 ounces, Gran Colombia remains on
track to produce between 200,000 and 220,000 ounces of gold in 2021
from its Segovia Operations.
Monthly Dividend
Declaration
Gran Colombia also announced today that its
Board of Directors has declared the next monthly dividend of
CA$0.015 per common share will be paid on July 15, 2021 to
shareholders of record as of the close of business on June 30,
2021.
About Gran Colombia Gold
Corp.
Gran Colombia is a mid-tier gold producer with a
proven track record of mine building and operating in Latin
America. In Colombia, the Company is currently the largest
underground gold and silver producer with several mines in
operation at its high-grade Segovia Operations. In Guyana, the
Company is advancing the Toroparu Project, one of the largest
undeveloped gold projects in the Americas. Gran Colombia also owns
an approximately 44% equity interest in Aris Gold Corporation (TSX:
ARIS) (Colombia – Marmato), an approximately 27% equity interest in
Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos;
Colombia – Guia Antigua and Zancudo) and an approximately 26%
equity interest in Western Atlas Resources Inc. (TSX-V: WA)
(Nunavut – Meadowbank).
Additional information on Gran Colombia can be
found on its website at www.grancolombiagold.com and by reviewing
its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking
Information:
This news release contains "forward-looking
information", which may include, but is not limited to, statements
with respect to production guidance, the payment of dividends and
other anticipated business plans or strategies. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Gran Colombia to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Factors that could cause actual results to differ
materially from those anticipated in these forward-looking
statements are described under the caption "Risk Factors" in the
Company's Annual Information Form dated as of March 31, 2021 which
is available for view on SEDAR at www.sedar.com. Forward-looking
statements contained herein are made as of the date of this press
release and Gran Colombia disclaims, other than as required by law,
any obligation to update any forward-looking statements whether as
a result of new information, results, future events, circumstances,
or if management's estimates or opinions should change, or
otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, the reader is cautioned not to place undue
reliance on forward-looking statements.
For Further Information,
Contact:Mike DaviesChief Financial Officer(416)
360-4653investorrelations@grancolombiagold.com
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