UPDATE: Gran Colombia Reports Stronger FY 2012 Production, Yet Stock Almost Hits Year Lows
Gran Colombia Gold Corp. (GCM.TO) reported full year 2012 production of 100,895 ounces of gold, a 10% increase over 2011.
Gold production at the company's Segovia and Marmato Operations in the fourth quarter of 2012 was 16,817 and 5,299 ounces respectively, for a total 2012 production of 100,895 ounces of gold.
The company said after "successfully" expanding its Segovia Operations to a daily production rate of 1,066 tonnes per day (tpd) in September, production remained on track, averaging 995 tpd until mid-November.
GCM has dropped to $0.285 by 12%, almost hitting year low $0.28. Over 1 million GCM shares have changed hands.