Article content
TORONTO, Dec. 15, 2020 (GLOBE NEWSWIRE) — Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it produced a total of 17,915 ounces of gold in November 2020 bringing the total for the first eleven months of 2020 to 200,235 ounces compared with a total of 217,600 ounces in the first eleven months of 2019. The year-to-date 2020 production results reflect the impact of COVID-19 on the Company’s mining operations, predominantly in the second quarter of this year. The Company continues to expect its 2020 annual production will range between 218,000 and 226,000 ounces of gold.
Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the Company’s latest news, said, “We continue to focus on what we can control in these volatile markets: cash, costs and execution. Our people continue to do what it takes to keep our operations running safely during the second wave of the pandemic. Performance at our Segovia Operations remains steady and we are delighted to announce the next monthly dividend to be paid to our shareholders in January 2021. Caldas Gold continues to implement their mine plan and plant expansion in the existing Upper Zone mining operation while execution of the Deep Zone expansion plan gets underway. Overall, we are pleased with the progress we have made this year in such challenging times.”