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Colombia's top gold miner sees output rising

Friday, January 17, 2014

Colombia’s top gold producer, Mineros, expects output to rise this year after lower prices and rebel attacks hurt profit in 2013, its chief executive officer said.

Gold production will increase at the company’s underground La Ye mine and Nicaraguan operations, while its deposits in the valley of Colombia’s Nechi River will be similar to 2013, said CEO Beatriz Uribe.

“In production terms, we’re going to be better this year,” Uribe said today in a telephone interview. “But it’s possible that the price of gold could be worse," she added.

Source: Bloomberg