RE:RE:RE:Back of the envelopeI think they need money for Marmato, the development will cost a lot of money (and hopefully brings us more +100.000oz/y)
2018 seems to be an exiting year for GCM
Marmato
He said the company has already commenced some high level scoping analysis for future mining operations. In 2018, the company will moving forward with the preparation of a Preliminary Economic Assessment (PEA). Exploration crews will target higher grade material with the intention of developing an expanded underground mining operation with a minimum 12-year mine life and life-of-mine gold production of more than 1.5 million ounces. The company aims to move to a Pre-Feasibility Study once the PEA is complete. “The deep mineralization at Marmato remains open along strike and at depth and we expect our 2018 exploration program will include additional drilling to continue expanding our understanding of the total mineral resource potential of the deposit,” Iacono said.
Segovia
Gran Colombia is continuing its exploration drilling campaign at Segovia and expects a resource update in the first half of 2018.
https://resourceworld.com/index.php/future-gran-colombias-marmato-project-going-underground/