RE:RE:RE:RE:Civil Strike Officially OverSeems that the costs a rising for GCM (Segovia's total cash costs were $620 per ounce in the second quarter of 2017) but if i am right the mill has potential for 650 tpd more (very best case: 650*18,52=12038g=387oz per day more = 140000oz+ per year ) without expansion.
But very important for future development and stability in colombia for GCM
2Q 17: Segovia Operations Company-operated mines 13,647 Head grade (g/t) 11.29
Contract mining cooperatives 26,581 - Head grade (g/t) 18.52
Q2/17 Tonnes per day (tpd) 842 - Presentation May 17: Maria Dama plant has been expanded to handle up to 1,500 tpd. google translated
https://www.paisminero.com/mineria/mineria-colombiana/17684-los-tres-retos-de-la-mineria-en-antioquia
he miners claimed that although the international price of an ounce of gold exceeds $ 1,300, the company only paid them $ 400. An agreement was also reached in this regard, since GCG will now pay a fee of US $ 700 to small miners, who earn less than 80 ounces per month. For the largest, the company will agree an agreement with each, in which it will charge a fee between 10 and 60%, depending on the quality of the gold.
Gran Colombia Gold asks for consideration, since it is they who have to bear the costs of the operation. "Only 36% of what we receive is going in taxes. But we still believe that the agreements we reached with the miners are sustainable, allowing us to make profits of about US $ 112 per ounce exploited at the mine. And we will continue with the formalization campaigns. "