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Aris Mining Corp. T.ARIS

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

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 Stratocheifon Sep 25, 2022 7:56pm
225 Views
Post# 34985472

RE:false gold

RE:false goldIn March 2020, miners were a good deal. Gold was in the $1600 range but thier costs were much less than today. Most miners I'm looking at who had AISC of anywhere from $1000 to $1200 in 2020, are now projecting AISC in the $1300 to $1500 and higher...due to inflation of materials, services,, energy etc. At $1500, they don't have a big profit margin anymore do they, especially if gold keeps falling. It's not a surprise thier stock prices are down. And it may go down a lot more. Possibly another 60 or 70% down if gold drops below 1600 and inflation continues...a lot of these miners will fall into the pennies range. I already lost three..AR, GPR, AXU. lousy businesses. The only good thing about them is thier speculative nature. If by some miracle, gold shoots higher AND inflation drops (AND interest rates, AND the US dollar drop), Oh AND sentiment about them changes...a lot of people got burned AGAIN, they may go up but I think that's a big if. I wouldn't hold my breath regarding the near term
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