Gran Colombia announced its successful merger with Gold X on May 11 and the submission of a proposal to Guyana Goldfields to acquire all of its shares. This would create a single entity that would continue operating as Gran Colombia, which would be an intermediate gold producer focused on Latin America and continue to operate from its headquarters in Toronto. The three projects close to the new entity are Toroparu, Aurora Underground and Marmato. The latter project continues to be in the hands of Caldas Gold, which owns 74% of the property.

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