RE:RE:RE:RE:RE:Columbia to implement a nationwide quarantine GRAN COLOMBIA PROVIDES AN UPDATE ON COVID-19 TORONTO, March 23, 2020 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it is continuing to monitor the impact of the novel COVID-19 virus globally. To date, COVID-19 has not impacted production or product shipments at any of the Company’s sites nor has there been any significant negative impact on, or disruption of, the Company’s supply chain. However, the Company has activated its business continuity program at its mine sites in Colombia in response to a national quarantine announced on March 21, 2020 by the Colombian Government that is expected go into effect on March 25, 2020 and continue through to April 13, 2020.
Commenting on the situation, Lombardo Paredes, Chief Executive Officer of Gran Colombia, stated, “We have activated our business continuity programs at Segovia and Marmato in light of the forthcoming national quarantine. We expect that our mines will continue to operate during the quarantine period, leveraging stockpiled material and supported by a contingent of employees, both Company and contractor, who will remain isolated within the mine camps during the quarantine period to carry out mine, plant and other operations. Throughout this situation, we have been maintaining strict measures and we are leveraging the experience we gained during the 42-day civil disruption at Segovia in 2017 to ensure we keep our operations going. While we have a strong balance sheet, we have taken steps to slow down non-discretionary operating and capital expenditures to preserve our liquidity during this unusual situation. We are also working closely with the Mayors of Segovia, Remedios and Marmato to provide aid required by the local communities during the quarantine period.”
Gran Colombia will continue to monitor developments in the situation and revise its response plans accordingly.