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“His depth of experience and extensive network...will be valuable as we continue to execute our business plan."

Santiago Ángel expressed his optimism for a turnaround in a sector that brought in a relatively underwhelming $2.6 billion USD over the last four years.

"There must be space for both the big mining companies and the small artisanal miners," says Dora Elena Balvín, secretary of mines in Antioquia.

"Our current reserves and resources are just a tip of the iceberg of what's to come," says Ari Sussman, CEO of Continental Gold

Garnero will remain involved with the company in an advisory capacity and his son, Mario Bernardo Garnero, will fill his seat on the board.

With a final $200,000 USD payment, Bezant now holds an alluvial platinum license (FKJ-083) and gold license (HCA-082) in 2,659-hectare area of Chocó.

With 8.60 grams of gold per tonne, the test "yielded significantly more ounces of precious metals than we estimated," said CEO Ari Sussman.

Colombia’s National Oil Association argues that the court’s ruling does not touch a critical article of Colombia’s tax code, Article 107.

Canadian mining company Eco Oro Minerals Corp. announced that its plan of arrangement has become effective.

“We cannot afford to lose this industry...I think we can save this marriage," said Orlando Velandia, president of the ANH.