TORONTO – Gran Colombia Gold Corp. (TSX:GCM) says it lost $3.8 million in the third quarter of 2011, or one cent per share.
That was sharp improvement over the same quarter last year when the company lost $33.7 million, or 27 cents per share.
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Gran Colombia says revenues increased to $38.8 million in the quarter on the sale of 22,317 ounces of gold at an average price of $1,684 per ounce.
Toronto-based Gran Colombia is primarily focused in Colombia, where it is the largest underground gold and silver producer in the country.
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