Gran Colombia is expected to pay a dividend shortly
The midsize gold explorer was able to cut its production costs below $ 700 per ounce.

Colombia's largest underground gold producer, Gran Colombia Gold, says its production costs have fallen below $ 700 an ounce despite the global epidemic. Dividend policy In addition, the company introduced a dividend policy for the first time. It's a 6 cent share policy that provides a dividend spread over the year. "It will be paid out quarterly to investors starting in October," says Serafino Iacono, Gran Colombia's executive chairman. 2 producing gold companies The company produces its gold from two plants, the Segovia and the Marmato. In fact, the two operations together will produce an estimated 220,000 ounces of gold per year. Segovia establishments Segovia is an area of approximately 9,000 hectares that is located in the Segovia-Remedios mining area in Antioquia. Overall, Segovia's high-grade mines have been operating continuously for over 150 years. During that time it has produced more than an estimated 5 million ounces of gold. Marmato project The Marmato Project contains a total of estimated resources of approximately 8 million ounces of gold and nearly 38 million ounces of silver. The project is located in the department of Caldas in the heart of the Middle Cauca gold district. Overall, Marmato has excellent infrastructure as it is on the Panamericana highway with access to Medellin to the north and Manizales to the south and has access to the national power grid that runs near the property.





