SMM7: Gran Colombia Gold Corp., Colombia's largest underground gold and silver producer Gold production in the second quarter totaled 48228 ounces, down 17% from a year earlier, compared with 57882 ounces in the same period last year.
In the first half of 2020, the company produced a total of 104475 ounces of gold, compared with 118483 ounces in the same period last year.
'This shows that the epidemic has had a significant impact on the company's operations, 'the company said in a statement. Still, the company says it has also benefited from the rise in gold prices. As of the end of June, the company's currency position was around $73 million.
In addition, the company said it was grateful that its operations in Segovia and Marmator remained operational during the outbreak. The company has adjusted its operating procedures to ensure the safety of its employees.
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