Over 6 million ounces of gold has been recovered from the Segovia title over last 100+ years. Over the last 11 years, under the operation of GCM Mining, Segovia has produced over 1.5 million ounces of gold with an average head grade of 13.6 g/t and in 2021 produced 206,389 with an average head grade of 12.8 g/t.

The Segovia Operations, an area of approximately 9,000 hectares, is made up of several mines including El Silencio, Sandra K, Providencia, and Carla, and is in the Segovia-Remedios mining district of Antioquia, Colombia.

Why Colombia

Colombia is a country of opportunities with a growing economy, one of the lowest inflation rates in Latin America and free trade agreements with eight trading partners including the USA, European Union and more than 100 designated free-trade zones. Colombia’s government is very supportive of foreign investment and it has the best investor protection in Latin America, 15th worldwide, according to the World Bank (2019). Mining is a significant sector in the Colombian economy and one of the country’s largest export sectors. Ranked #3 in Latin America for ease of doing business and #65 globally according to the World Bank (Doing Business, 2019).