OTCQX : TPRFF | GCM : TSX

Gold Production Growth Leads to New Highs in Revenue and Adjusted EBITDA in 2019


Total gold production up 10% to 240,000 ounces in 2019.

Gran Colombia is the largest underground gold producer in Colombia with almost 90% of its production sourced from its Segovia Operations, one of the top-5 highest-grade underground gold operation.

Accelerating drilling of its high-grade Segovia Operations over the next 18 months.

Financially Sound

Production growth and a focus on controlling costs have increased the Company’s adjusted EBITDA, reaching U.S. $147 million, up 43% from 2018.

Gran Colombia is generating sufficient Free Cash Flow to strengthen its balance sheet, building its cash position while meeting scheduled debt repayments

The Company’s share price performance over the last 18 months has reflected positive investor sentiment, outperforming the TSX Global Gold Index over that period

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