2. 2
September
2017
ForwardâLooking Statements DISCLAIMER
This presentation contains "forwardâlooking information", which may include, but is not limited to, statements with
respect to the future financial or operating performance of the Company and its projects, and, specifically, statements
concerning anticipated growth in annual gold production, future cash costs and AISC, future G&A and capex, excess
cash flow and sinking funds for the senior debentures and future purchases and/or redemptions of the senior
debentures. Often, but not always, forwardâlooking 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. Forwardâlooking 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 forwardâlooking statements. Factors that could cause actual results to differ materially from those
anticipated in these forwardâlooking statements are described under the caption "Risk Factors" in the Company's
Annual Information Form dated as of March 30, 2017 which is available for view on SEDAR at www.sedar.com.
Forwardâlooking 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 forwardâlooking 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 forwardâlooking 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 forwardâlooking statements.
3. 3
September
2017
Canadian-listed (TSX: GCM) producer with offices in Toronto and Medellin.
Primary focus is on the high-grade Segovia Operations. Continuing to expand and mechanize the underground mining
operations (~86% of total LTM production). Recently announced a 4-year extension in mine life to 2026.
The Marmato Project, one of the Top-20 largest undeveloped global gold deposits, provides significant optionality to gold and
silver prices. Currently evaluating the potential to expand the existing underground mining operations, incorporating additional
resources from the deep mineralization.
The Zancudo Project, a former high-grade producer, provides exploration upside. IAMGOLD signed an option agreement in
2017 to conduct exploration and for the potential purchase of an interest.
Reducing Senior Secured Debt and potential dilution ahead of maturity with Excess Cash Flow.
ď LTM gold production of 165,073 ounces, up 10% over 2016 annual
production.
ď LTM AISC averaged US$901/ozâŚ..expected to be below US$900/oz
for the full year 2017.
ď Upside in resource expansion and exploration assets in Colombia.
ď Leading Colombian high-grade underground gold producer.
ďź undervalued versus peers!
Gran Colombia Gold
LTM = Latest 12âmonth period ended June 30, 2017
11. 11
September
2017
SEGOVIAÂ OPERATIONS
Category
Gold Resource (1)
(ozs)
Grade
(g/t)
Measured 116,000 19.1
Indicated 984,000 11.4
Inferred 978,000 9.9
ď§ High-grade quartz-sulfide veins in historic mining district.
ď§ Over 5 million ounces of gold produced through continuous mining over past 150 years. Recently extended mine life
by 4 years to 2026.
ď§ LTM(2) gold production totaled 141,374 ounces, up 12% over 2016 annual production.
ď§ Total cash cost(3) averaged US$652/oz in H1-2017.
ď§ Three active underground mines (31 historic mines) and a substantial land package of ~9,000 hectares. Unique RPP
contract license grants mining rights in perpetuity.
ď§ Continuing to expand and mechanize underground mining operations. Executing 20,000 meters drilling campaign in
2017 to further its efforts to upgrade and extend its mineral resources at its Segovia Operations.
ď§ Local contract cooperative mining model is successfully leveraging artisanal mining capabilities in high-grade
secondary pillar recovery operations and improving environmental management in the area.
ď§ Maria Dama plant has capacity to handle up to 1,500 tpd.
(1) Sourced from Companyâs Press Release dated April 19, 2017.
(2) LTM = Latest 12 months ended June 30, 2017.
(3) Byâproduct credit basis. Refer to Companyâs MD&A for computation.
86%
LTMÂ
Production
Production Stage
14. 14
September
2017
MARMATOÂ PROJECT
Category
Gold Resource (3)
(ozs)
Gold Grade
(g/t)
Silver Resource (3)
(ozs)
SilverÂ
Grade (g/t)
Measured 1,661,000 1.0Â 7,606,000 4.8
Indicated 9,782,000 0.9Â 70,769,000 6.3Â
Inferred 2,581,000 1.0Â 9,408,000 3.7
ď§ Mineralization is hosted by sheeted pyrite vein system in dacite to andesite porphyry stocks.
ď§ Mountain of gold in historic mining district. Ranked in Top-20 of undeveloped global gold deposits by size.
ď§ LTM(1) gold production of 23,699 ozs, up 1% over 2016 annual gold production.
ď§ Total cash cost(2) averaged US$1,061/oz in H1-2017.
ď§ Deep zone drilling shows that mineralization at Marmato extends at least 800m below the limit of the current
underground mining operation and is still open at depth. Evaluating potential to expand existing underground mining
operations.
(1) LTM = latest 12 months ended June 30, 2017.
(2) Byâproduct credit basis. Refer to Companyâs MD&A for computation.
(3) Based on August 2012 NI43â101; updated for production to 12â31â2016 and reduction due to lapse of certain licenses in open pit area.
Exploration Stage
14%
LTMÂ
Production