Gran Colombia Gold is a gold producer in Colombia that owns the Segovia and Marmato mines. In Q3 2014, production was impacted at Segovia by infrastructure limitations during ongoing mine development works. Cash costs decreased at both mines due to workforce reductions and increased production volumes. The company expects Q4 2014 cash costs of $900/oz and all-in sustaining costs of $1,025/oz. It is continuing development at Segovia to reach its target of 10,000 ounces per month by mid-2015, and has engaged advisors to evaluate options for improving its liquidity.