RE:Gran Columbia Sets New Monthly Production Record"At the Segovia Operations, improved head grades in the Company-operated mining areas, principally in the Providencia mine, have been integral in improving production so far in the second quarter of 2017 and will benefit total cash costs per ounce compared to the first quarter of 2017."
Said several times before, Company operated mining under 5 g/t can only go up to average 10+ g/t
It is slowly starting to become reality. There is a lot of room for improvement. Three months of back to back higher production for the first time are positive signs that the higher production can be sustained.
AISC will be much lower in Q2 and with the higher gold price GCM will be showing the cash.
Marmato also has room for improvement if they reach the high grade reported in the previous news release. If one has the patience, the market will eventually price Marmato closer to the $1.6 Billion NPV that it is worth. The obstacles will eventually be broken. It is too rich of a world class deposit not to be developed. With that many $$$ somebody will eventually take it and run with it.
They mentioned the possibility of reversal of impairment charge. There was a significant increase in M&I which leads to an increase in mine life. An increase in mine life is the opposite of impairment.