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Marmato spinout for Gran Colombia

Gran Colombia Gold is planning to spin out its Marmato gold project in Caldas, Colombia, so that the project can seek its own financing and not impact the company’s balance sheet, which it has spent recent years repairing, executive chairman Serafino Iacono told Mining Journal at the Denver Gold Forum in Denver, Colorado.

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Marmato in Caldas, Colombia

Gran Colombia wants to continue to derisk its Deeps project at Marmato which contemplates developing a new mine underneath the existing small-scale mine, with a capital cost estimated at US$240-250