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Aris Mining Corp. T.ARIS

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

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

Post by tobinator01on Sep 08, 2022 1:30pm
255 Views
Post# 34949903

Soma Gold Q2 Results

Soma Gold Q2 ResultsMeanwhile we wait for the Aris-GCM merger go through my other Colombian gold miner, Soma Gold, came out with a solid Q2.  They are presently trading at 1X EBITDA.  Earnings and cash flow will be increasing each quarter for the next year as they increase milling tonnage by over 50% increase from Q2.  AISC for this little miner is under USD$900/ounce.  More Gold should result in AISC dropping to as low as USD$800/ounce.  The average AISC for GDXJ listed miners is around USD$1400/ounce.

The present market cap of Soma is C$32 million (USD$24 million) trading at C0.35.5.  Volume today has surged the most since June 16th and we still have 2.5 hours yet to go in the trading day.


Soma Q2 Earnings

Website:
https://www.somagoldcorp.com/
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