Toronto-based Gran Colombia Gold’s flagship task, Marmato, in heart of the Middle Cauca gold district is the aim of a movie, MARMATO, now playing to assemblies at the Sundance Film Festival in reserve City, Utah.
Filmmaker ,Mark Grieco, received a Sundance Documentary movie Grant for MARMATO, his characteristic debut, as well as support from the MacArthur base. As might be anticipated in a documentary underwritten by player Robert Redford’s association, the topic of the task is “a country Colombian excavation town is endangered with extinction by multinational development.”
The Sundance Program Description declares: “In a documentary spanning six years, filmmaker assess Grieco’s acutely perceptive camera captures the villagers’ multiple survival methods as a family man turns to mining unlawfully, an elderly mine proprietor remains to deal to outsiders for the right price, and an activist leads increasingly tense protests.”
“The result is a grabbing, breathtaking, intimate portrait of opposition and a community bravely teetering on the precipice of change,” states Sundance.
The documentary also mentions to community constituents meeting with representatives from the Canadian excavation conglomerate that intimidates their futures.
While Gran Colombia states it is actually largest gold and shiny manufacturer in Colombia “with several below ground mines,” a C$0.91 stock cost as of the close of the TSX Friday doesn’t precisely jive with the period “mining conglomerate”, neither does impressive Colombia’s hoped-for 2013 gold output of 106,000-108,000 ounces. For the first nine months of last year, the business described 118,087 ounces of silver yield.
In its productions to investment seminars, Grand Colombia assertions Marmato is graded “18th of undeveloped gold down payments in the world”, with assessed and demonstrated resources encompassing 11.789 million ounces of gold and 80.33 million shiny ounces. Living procedures make round 20,000 ounces of gold and 35,000 ounces of shiny every year.
In the long period, impressive Colombia is focused on upgrading the underground procedure, but has mentioned a “large-scale open-pit opening” lives at the project.
Then afresh, possibly, a lesser Canadian excavation and exploration company does not a good cinematic villain make, especially when that business reported an adjusted snare decrease for the first nine months of 2013 was $13.2 million ($0.87 per share) contrasted with an adjusted snare decrease of $6.8 million ($0.45) in the identical period last year.