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Aris Mining Corp. T.ARIS.W.A


Primary Symbol: T.ARIS Alternate Symbol(s):  CLGDF | N.AMNG.NT.U | T.ARIS.W.B | ARMN

Aris Mining Corporation is a Canada-based company, which is primarily engaged in the acquisition, exploration, development and operation of gold properties in Colombia, Guyana and Canada. The Company operates the Segovia Operations and Marmato Mine in Colombia. The Segovia Operations are located 180 kilometers (km) northeast of Medellin in the Segovia-Remedios mining district of Antioquia, Colombia. The Marmato mine is located in the Marmato gold district in the Caldas Department, a mountainous region approximately 80 km south of Medellin, Colombia. The Company is also the operator and 20% owner of the Soto Norte Project. The project is located within the traditional mining area of California, Vetas, which is located approximately 350 km north of Bogota and 55 km northeast of the city of Bucaramanga. The Company also owns the Toroparu Project in Guyana and the Juby Project, which covers an area of approximately 42,817 hectares and is located in the Cuyuni-Mazaruni Region of Guyana.


TSX:ARIS - Post by User

Comment by tsoprano24on May 25, 2023 12:34pm
297 Views
Post# 35464024

RE:RE:RE:RE:more insider buying

RE:RE:RE:RE:more insider buyingWhile you point out the $300 mil in debt you don't mention the cash position. Is it not well over $300mil leaving cash available for buybacks. They have the money to do one, but they are either financially inept or something else is stopping them. I pray it is not another acquisition or worse yet, a spinoff they will buy back later, so they can reap some fees off it. I know some here think this is a great management team but I have seen nothing that points to any better than your run of the mill team. It wasn't long ago we were making money hand over fist, with a buyback and dividend. Now nothing. What were we trading at a couple years back when gold was $2000? $6-$8 and now look at us. The dream team has us in a nightmare that could easily be rectified. Constant buyback with no more acquisitions or spinoffs. I'd even go less on drilling. No matter how many ounces they have or claim to have for the next hundred years has never mattered nor ever will. What we have is a poorly run company with so much potential but a complete lack of a plan that the market cares about. Shorts wouldn't be eating our lunch if this was well run. With $2000 gold we should be so much higher. And, I imagine someone will jump in to tell me where I am wrong. Of course, they will be using the same logical explanation that I have been inundated with for six years of underachievement. Thankfully, I have a low average cost but the continual mismanagement is depressing. 

T
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