Post on 24-May-2020
transcript
Source: National Mining Agency - NMA, data at 12/02/2018.
ECONOMIC DATA
Source: Minerals. USGS Estimated data at 2017, NMA, Ministry of Mining and Energy of Argentina, COCHILCO - GFMS Gold Survey 2016 and 2017, Metals Focus 2017/2018.*Estimated position.
Source: Planning Unit Energy Mining - UPME 2011 , Ernst & Young Survey 2012
Source: NMA, Ministry of Mines and Energy - MME, National Administrative Department of Statistics - DANE, Exchange Rate 2015: $2,743.39; 2016: $3,050.98; 2017: $2,951,32.
GENERAL FACTS
2017 WORLD RANKINGS
Gold in Colombia is associated with different types ofgeological environments, with a distribution of miningmanifestations throughout almost all the territory.However, due to the country's geotectonicconditions, the most important existing depositscorrespond to those of porphyry and epithermal type,intrusion-related gold deposits, orogenic gold,massive volcanogenic sulphides and alluvial gold.Gold deposits are clustered in districts associated
with metallogenic belts in the provinces of Antioquia,Santander, Tolima, Huila, Caldas, Nariño, Cauca andBolivar, deposits along the Pacific coast formed by theerosion of the western branches of the Andesmountain chain and other deposits in Vaupes andGuainia.
2015---------59.35
tonnes
2016---------61.80
tonnes
2017---------41.06
tonnes
2015---------63.29
MillionUSD
2016---------76.35
Million USD
2017---------49.45
Million USD
201536.53 t1,090
MillionUSD
201646.82 t1,550
Million USD
201756.96 t1,780
MillionUSD
The mining sector's Government Take in Colombia was estimated at 22.41% in the UPME 2011 report; On the other hand, according to a 2012 E&Y survey the GT is 67.7% for open pit gold mining and 76.9% for
underground mining (48% and 50%, respectively, with prices of $ 1,300 USD/oz).
1,772 Titles2,124,094 ha
(1.86% of national territory)
128 Exploration Titles(206,802 ha)
1,344 Exploitation Titles(1,427,098 ha)
300 Construction
& Assembly Titles (490,195 ha)
Tonnes Tonnes
1. China 440 1. Peru 155 1. Barrick Gold 172
2. Australia 300 2. Mexico 110 2. Newmont Mining 152
3. Russia 255 3. Brazil 85 3. AngloGold Ashanti 113
4. United States 245 4. Argentina 65 4. Goldcorp 89
5. Canada 180 5. Colombia 41 5. Kinross Gold 84
6. Peru 155 6. Chile 36 6. Newcrest Mining 77
18. Colombia 41
Tonnes
WORLD PRODUCTION LATAM PRODUCTION 2016 WORLD'S LARGEST COMPANIES
Potential Area
3,705 Mining concession proposals
(6,006,710 ha)
In 2017, Colombian gold exports increased 21.7%
Mining concession proposals (5.26 % of national territory)
Source: worldbank.org (Updated on March 04, 2018)
Source: NMA; UPME; MME;TSX-TSXV; http://aticomining.com; grancolombiagold.com; mineros.com.co; Exchange Rate 2017: $2,951.32 ; *Production Tests 2016; **Production Tests 2017; ***Resume Production Q4 2017.
MOST IMPORTANT GOLD PROJECTS IN COLOMBIA
ECONOMIC DATA
Metallic minerals accounted for 15.36% (US $736 million) of mining GDP, 0.31% of total GDP and 6.90% of
total mining royalties collected in 2017
Projects with approved environmental license:2017: Rionegro , Condoto Choco; 2016: Buritica and
Cisneros; 2015: Gramalote and Santa Rosa.
1000
1100
1200
1300
1400
1500
1600
1700
1800
2012 2013 2014 2015 2016 2017
Gold prices in the last 6 years USD/Oz Troy
1,257.56
1,669.52
1,411.46
1,265.58
1,160.66
1,248.99
Gold Prices in the last 6 months USD/Oz Troy
Colombian gold exports are transported mainly by air. The most important export destinations in 2017 were the United States 58.44%, Switzerland 14.90%, India 1.33%, Belgium 0.55%, United Arab Emirates
0.39%, Panama 0.33%, Turkey 0.19%, Other 0.27% and five Permanent Free Trade Zones in Colombia 22.20%
Gold exports represent 5% of total Colombian exports and 18% of mining exports.
Production by type of mining exploitation 2017: • Mining Title 19.93 t (47.86%)• Barequeros 19.34 t (46.44%)• Applications for legalization 0.88 t (2.12%)• Formalization subcontracts 0.64 t (1.54%)• Special reservation area 0.59 t (1.41%)• Scrap 0.26 t (0.64%)
Colombian gold production represents approximately 1.3% of world production
Santa Rosa's Red Eagle Mining Project entered
exploitation stage in 2017
1220
1240
1260
1280
1300
1320
1340
1360
Oct-17 Nov-17 Dec-17 Jan-18 feb-18 Mar-18
COMPANY MINERALS COUNTRY PROJECTS
Alicanto Mining Corp. GOLD Canada Rionegro (Mina Guayos)
Angel Gold Corp. GOLD Canada Heliconia, El Porvenir, El Pino
AngloGold Ashanti GOLD South Africa Gramalote, Quebradona, La Colosa
Antioquia Gold Inc. GOLD Canada Cisneros
Atico Mining Corporation COPPER, GOLD Canada El Roble
B2Gold Corp. GOLD Canada Gramalote-Quebradona
Bandera Gold Ltd. SILVER, GOLD Canada Belmira
Batero Gold Corp. GOLD Canada Quinchia
Colombia Crest Gold Corp. GOLD Canada Fredonia, Venecia
Continental Gold Inc. GOLD Canada Buritica, Berlin
Cordoba Minerals Corp. COPPER, GOLD Canada San Matias
OneCap Investment Corporation GOLD Canada Las Marias
Equitorial Exploration Corp. COPPER, GOLD Canada El Havila
Galway Gold Inc. GOLD Canada El Volcan
Goldmining Inc. (Bellhaven C & G) COPPER, GOLD Canada La Mina, La Garrucha
Goldmining Inc. (Brazil Resources) GOLD Canada Titiribi
Gran Colombia Gold Corp. GOLD, SILVER Colombia Marmato, Segovia, El Zancudo
Grupo de Bullet GOLD Colombia Morena, Caramanta, Yali, Otú
Lara Exploration Ltd. IRON, COPPER, GOLD Canada Proyecto Escalones
Minera Cobre de Colombia COOPER, GOLD Canada Murindo
Mineros S.A GOLD Colombia Proyecto Ataco
Minesa (Mubadala) GOLD United Arab EmiratesSoto Norte
Miraflores Cia Minera S.A.S (Metminco) ORO Australia Quinchía
Miranda Gold Corp. GOLD Canada Cerro Oro, Oribella, Antares
New Range Gold Corp COPPER, SILVER, GOLD Canada Mercedes, Yurumalito,El Dovio
Orosur Mining Inc. ORO Chile Anzá
Pacifico Minerals Ltd. GOLD Australia Berrio, Natagaima
Red Eagle Exploration Ltd (CB Gold) GOLD Canada Vetas Gold, Santa Ana
Rio Novo Gold Inc. GOLD Brazil Tolda Fria
Royal Road Minerals Limited GOLD UK/Europe La Golondrina, La Redencion
Rugby Mining Limited COPPER, SILVER, GOLD Australia Cobrasco, Comita, San Antonio
Salazar Resources Limited COPPER, SILVER, GOLD Canada Sotomayor, Sta. Rosa, La Verde
Tesoro Minerals Corp. GOLD Canada Surata
Tolima Gold Inc. GOLD Canada Nortol, Ancal
EXPLORATION / CONSTRUCTION & ASSEMBLY
COMPANY PROJECTS PRODUCTION 2017 (oz)
Gran Colombia Gold Corp. Segovia 148,659
Gran Colombia Gold Corp. Marmato 25,162
Mineros S.A. Aluvial Nechi 89,709
Mineros S.A. La Ye, Mangos 13,664
Atico Mining Corp El Roble 10,923
Continental Gold Inc. Mina Yaraguá (2016) 7,509
Red Eagle Mining Corporation Santa Rosa 802*
Ulloa R. N. S.A.S. (Bezant Resources) Condoto Chocó 110**
Four Points Mining (Para Resources) El Limón 253***
EXPLOITATION
1,264.45
1,331.30 1,330.73
1,324.66
1,279.51
1,281.90