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 12% to 118,483 ounces in the first half of 2019
Using funds from a recent financing to accelerate drilling of its high-grade Segovia Operations over the next two years
Production growth and a focus on controlling costs have increased the Company’s adjusted EBITDA, reaching U.S. $117 million in the 12 months ended June 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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