Gran Colombia Declares Monthly Dividend to Be Paid on December 15, 2021

Rhea-AI Summary

Gran Colombia Gold Corp. has declared a monthly dividend of CA$0.015 per common share, payable on December 15, 2021, to shareholders of record as of November 30, 2021. The company continues to affirm its status as a leading gold producer in Latin America, particularly through its high-grade Segovia Operations in Colombia. Additionally, Gran Colombia maintains significant equity interests in several other mining entities, reinforcing its strategic position in the gold and silver market.

Positive

• Monthly dividend of CA$0.015 per share enhances shareholder returns.
• Largest underground gold and silver producer in Colombia, indicating strong market position.
• Significant equity interests in multiple mining companies, diversifying revenue sources.

Negative

• None.

TORONTO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (“Gran Colombia” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on December 15, 2021 to shareholders of record as of the close of business on November 30, 2021.

About Gran Colombia Gold Corp.

Gran Colombia is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold projects in the Americas. Gran Colombia also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).

Additional information on Gran Colombia can be found on its website at www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the payment of dividends and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Gran Colombia to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Gran Colombia disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com

FAQ

What is the dividend amount and payment date for TPRFF?

Gran Colombia Gold Corp. (TPRFF) has announced a dividend of CA$0.015 per share, payable on December 15, 2021.

When is the record date for the dividend payment of TPRFF?

The record date for the dividend payment is November 30, 2021.

How often does Gran Colombia Gold Corp. pay dividends?

Gran Colombia Gold Corp. typically pays dividends on a monthly basis.

What are the key operations of Gran Colombia Gold Corp.?

Gran Colombia operates major gold mines in Colombia, particularly the Segovia Operations, and is involved in various projects across Latin America.