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     162  0 Kommentare Caldas Gold Reports Second Quarter and First Half 2020 Gold Production; Announces Details for the Forthcoming Second Quarter 2020 Results Webcast

    TORONTO, July 17, 2020 (GLOBE NEWSWIRE) -- Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF) announced today that it produced a total of 1,435 ounces of gold in June 2020 bringing the total for the second quarter of 2020 to 3,851 ounces compared with 6,257 ounces in the second quarter of 2019. For the first half of 2020, the Company has produced a total of 9,752 ounces of gold compared with 12,472 ounces in the first half of last year. The second quarter and first half 2020 production results reflect the impact on the Company’s operations of the COVID-19 national quarantine in Colombia invoked on March 25, 2020 and which remains in effect. The Company’s Marmato mine and plant are continuing to operate and the Company expects to update its 2020 annual production guidance when it reports its mid-year financial results in August.

    Lombardo Paredes, President of Caldas Gold, commenting on the Company’s second quarter production results, said, “We are fortunate that we have been able to operate at Marmato in the midst of the COVID-19 situation during the second quarter of this year. It probably goes without saying, but COVID-19 has definitely changed how we do things. We have adapted our operating procedures to ensure our people remain healthy and safe and we have supported the local communities where our workers live. It has been challenging getting access to workers during the national quarantine and this has adversely impacted our production in the second quarter. We are slowly seeing improvements and expect to make better progress in our operations and the execution of our mine optimization activities in the second half of the year. We have been managing our discretionary expenditures accordingly and, at June 30, 2020, we had a cash position of approximately US$14 million, unchanged from the end of March. Gold prices are positively impacting our revenues and we remain committed to advancing our business objectives during the COVID-19 situation.”

    In June, the Marmato operations processed an average of 682 tpd, up about 26% from April and May’s average daily rate as the operations started to see an increase in workers, bringing the daily processing rate to an average of 589 tpd in the second quarter of 2020, down from 994 tpd in the second quarter last year. Head grades averaged 2.51 g/t in the second quarter of 2020, slightly better than the second quarter last year. For the first half of 2020, the Marmato operations processed 760 tpd at an average head grade of 2.47 g/t compared with 1,004 tpd at an average head grade of 2.45 g/t in the first half last year.

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    Caldas Gold Reports Second Quarter and First Half 2020 Gold Production; Announces Details for the Forthcoming Second Quarter 2020 Results Webcast TORONTO, July 17, 2020 (GLOBE NEWSWIRE) - Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF) announced today that it produced a total of 1,435 ounces of gold in June 2020 bringing the total for the second quarter of 2020 to 3,851 ounces compared with …