Key Value DriverIt was a good summary of where they are and meeting guidance is an exception than the rule in this industry. The primary value driver this year, in my opion, is finalizing the Marmato license and the beginning of construction. There is still plenty of skeptcism about Colombia's new government granting permits/licenses. I believe once the license is in hand it could add $200 million in market cap as the underground resource base gets revalued from just metal in the ground to metal with a direct line to being produced. It's a BIG valuation difference.
Silver got pushed down $1 in a morning raid. Open interest is very light for the metal, so there's not many specs to flush out. That has led to a soft day for mining equities this morning. The news today from Aris makes it one of the few (of many) on my watch list that is presently in the green.
- Complete the process of amending the Marmato environmental license with Corporacin Autnoma Regional de Caldas (Corpocaldas) to authorize the start of construction of the new Lower Mine. Following construction of the new Lower Mine, the Marmato operation is expected to deliver average production of 162,000 ounces per year over a nearly 20-year mine life2.