GCM:TSX


Gold Production Growth Leads to New Highs in Revenue and Adjusted EBITDA in First Nine Months of 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.

Total gold production up 7% to 174,754 ounces in the first nine months of 2019.

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

As Seen on BNN Bloomberg

Financially Sound

Production growth and a focus on controlling costs have increased the Company’s adjusted EBITDA, reaching U.S. $130 million in the 12 months ended September 2019.

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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