TORONTO - Gran Colombia Gold Corp. (TSX:GCM) says it logged an adjusted net loss of $2.5 million, or 17 cents per share, in the second quarter.
That compares to an adjusted net loss of $7.6 million, or 50 cents per share, in the second quarter of last year.
The Toronto-based company had $42.4 million in revenue during the quarter on the sale of 28,419 ounces of gold at an average price of $1,457 per ounce.
Gran Colombia also sold 38,572 ounces of silver at an average $23 per ounce.
After producing 27,151 ounces of gold, the company reaffirmed its guidance for year at 110,000 ounces.
”So far this year, the company has delivered successive quarters of meeting or exceeding its targets,” said executive co-chairman Serafino Iacono.
”It has continued to implement significant cost savings while meeting production targets, and has continued the advancement of Colombia's first modern underground gold mine at its high-grade Segovia project."
Gran Colombia is the largest underground gold and silver producer in Colombia with several mines in operation at its Segovia and Marmato operations.
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