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Gran Colombia Gold announces full year 2012 production growth of 10% with total production of 100,895 ounces of gold and strengthening of Segovia's management team

TORONTO, Jan. 25, 2013 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM) announced full year 2012 p...

articleAris Mining CorpJanuary 25, 20135/company/aris-mining-corporation/news/gran-colombia-gold-announces-full-year-2012-production-growth-of-10percent-with-total-production-of-100895-ounces-of-gold-and-strengthening-of-segovias-management-team
Gran Colombia Gold announces full year 2012 production growth of 10% with total production of 100,895 ounces of gold and strengthening of Segovia's management team

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Jan. 25, 2013 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM)\n announced full year 2012 production of 100,895 ounces of gold, a 10%\n increase over 2011.\n\n\nGold production at the company's Segovia and Marmato Operations in the\n fourth quarter of 2012 was 16,817 and 5,299 ounces respectively, for a\n total 2012 production of 100,895 ounces of gold.  After successfully\n expanding the company's Segovia Operations to a daily production rate\n of 1,066 tonnes per day (\"tpd\") in September, production remained on\n track, averaging 995 tpd until mid-November. Over a 25-day period\n starting in mid-November, unexpected power interruptions at the local\n utility provider's substation resulted in unplanned downtime on almost\n a daily basis at the Maria Dama plant, reducing mill throughput by 38%\n to an average of 613 tpd over this period. Once normal operations\n resumed in the second week of December, the company was able to\n increase mill throughput at the Segovia Operations over the balance of\n December to an average of 836 tpd.\n\n\nA summary of gold and silver production for the fourth quarter and full\n year is as follows:\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nFourth Quarter\n\n\n \n\n\n \n\n\n \n\n\nFull Year\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n2012\n\n\n \n\n\n \n\n\n \n\n\n2011\n\n\n \n\n\n \n\n\n \n\n\n2012\n\n\n \n\n\n \n\n\n \n\n\n2011\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nSegovia Operations\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nGold produced (ounces)\n\n\n \n\n\n \n\n\n \n\n\n16,817\n\n\n \n\n\n \n\n\n \n\n\n20,930\n\n\n \n\n\n \n\n\n \n\n\n79,178\n\n\n \n\n\n \n\n\n \n\n\n68,704\n\n\n\n\n \n\n\nSilver produced (ounces)\n\n\n \n\n\n \n\n\n \n\n\n25,081\n\n\n \n\n\n \n\n\n \n\n\n18,404\n\n\n \n\n\n \n\n\n \n\n\n88,856\n\n\n \n\n\n&#xA0...

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