🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

BRIEF-Gran Colombia Gold announces Q4 revenue of $50.4 million

Published 2017-03-30, 07:00 p/m
© Reuters.  BRIEF-Gran Colombia Gold announces Q4 revenue of $50.4 million
ARIS
-

March 30 (Reuters) - Gran Colombia Gold Corp GCM.TO

* Gran Colombia Gold announces fourth quarter and full year 2016 results; improves balance sheet; increases adjusted EBITDA by 72% to $66 million in 2016

* Q4 adjusted earnings per share $0.01

* Q4 loss per share $0.05

* Gold production in Q4 of 2016 totalled 40,879 ounces, up 36% from Q4 of 2015

* Revenue of $50.4 million in Q4 of 2016 was 49% better than Q4 of 2015

* Gran Colombia Gold - Expects to produce a total of 150,000 to 160,000 ounces of gold for full year 2017 compared with 149,708 ounces produced in 2016

* Company expects that its 2017 total cash cost will remain below $720 per ounce sold

* Sees AISC for full year to remain below $900 per ounce Source text for Eikon: ID:nCCN7Y8XSg Further company coverage: GCM.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.