09:52 AM EST - Gran Colombia Gold Corp. : announced today the release of its audited consolidated financial statements, accompanying management's discussion and analysis and Annual Information Form for the 2012 fiscal year. All financial figures are expressed in U.S. dollars unless otherwise noted. Revenues of $168.2 million in 2012 represented growth of 22% compared to 2011, primary resulting from production growth, an increase in realized gold prices to an average of $1,664 per ounce for the year and having a full year of operations in 2012 at the Marmato underground mine. Net loss attributed to shareholders of $36.2 million, or $0.09 per share, in 2012 included $7.7 million in transaction costs related to the gold-linked notes financing, $7.2 million loss on the market-to-market of financial instruments, $4.1 million impairment of assets, $3.8 million foreign exchange losses and $3.1 million of acquisition costs. Gran Colombia Gold Corp.
shares T.GCM are trading up $0.005 at $0.26.
