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BRIEF-Gran Colombia Gold Q3 Adjusted Earnings Per Share $0.25

Published 2018-11-13, 05:14 p/m
Updated 2018-11-13, 05:20 p/m
© Reuters.  BRIEF-Gran Colombia Gold Q3 Adjusted Earnings Per Share $0.25

© Reuters. BRIEF-Gran Colombia Gold Q3 Adjusted Earnings Per Share $0.25

Gran Colombia Gold Corp GCM.TO :

* GRAN COLOMBIA GOLD REPORTS THIRD QUARTER AND FIRST NINE MONTHS 2018 RESULTS; INCREASES CASH POSITION TO $29 MILLION; TRAILING 12-MONTHS' ADJUSTED EBITDA REACHES $105 MILLION

* Q3 ADJUSTED EARNINGS PER SHARE $0.25

* Q3 EARNINGS PER SHARE $0.31

* REVENUE INCREASED 56% IN Q3 OF 2018 OVER Q3 LAST YEAR TO $66.6 MILLION

* TOTAL GOLD PRODUCTION OF 57,163 OUNCES IN Q3 OF 2018, UP 54% OVER Q3 OF 2017

* FOR Q3 OF 2018, TOTAL CASH COSTS AND AISC AVERAGED $657 PER OUNCE AND $888 PER OUNCE

* GRAN COLOMBIA GOLD - FOR 2018, CONTINUES TO EXPECT THAT TOTAL CASH COSTS, AISC AVERAGES FOR FY WILL REMAIN BELOW $735 PER OUNCE AND $950 PER OUNCE

* EXPECTS THAT IT WILL PRODUCE BETWEEN 214,000 AND 220,000 OUNCES OF GOLD FOR FULL YEAR, UP MORE THAN 23% OVER LAST YEAR

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