> 200,000 ounces of gold production from Segovia in 2021 Is that an increase from the current production level? I know total production is about 240,000 and Segovia is the bulk of it.
It looks like a much higher open is in store despite gold being down $30 to about $1,795 now,
From the News Release:
Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the "Company's expected production in 2021, said, "Our Segovia Operations continue to be one of the highest-grade underground global gold mines. In 2021, we are complementing our ongoing mining operations and exploration at our four existing mines with a broader regional drilling program within our mining title targeting the other 24 of 27 known veins which we are not currently mining. While the month of January typically starts off a little slower following the holidays and this year included a two-day planned shutdown of the Maria Dama plant for regular maintenance, we are maintaining our COVID-19 protocols and we are confident our mine plan will deliver more than 200,000 ounces of gold production from Segovia in 2021."
Gran Colombia processed an average of 1,336 tonnes per day ("tpd") in January 2021 at its Segovia Operations with an average head grade of 12.6 g/t resulting in 15,055 ounces of gold production for the month. January's production reflected a scheduled semi-annual two-day plant shutdown for regular maintenance. Over the last 10 years, the Company has produced a total of approximately 1.3 million ounces of gold from its Segovia Operations at an average head grade of 13.8 g/t. In 2021, the Company expects that head grades will continue to average between 13 to 15 g/t over the course of the year."