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Aris Mining Corp. T.ARIS

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

Aris Mining Corporation is a gold producer in the Americas. The Company is engaged in operating two mines with expansions underway in Colombia. The Segovia Operation is located in the Segovia-Remedios mining district in the department of Antioquia, Colombia, approximately 180 kilometers (km) northeast of Medellin. The Segovia Operations comprises four active underground gold mining operations, which include El Silencio, Sandra K, Providencia, and Carla. It has over 11 titles with a total area of 5,335.58 hectares (ha). The Marmato underground gold mine is located on the west side of the town of Marmato, in Marmato municipality of Caldas Department, in the Republic of Colombia, approximately 80 km from Medellin and 200 km northwest of the capital city of Bogota. The Company is also the operator and 51% owner of the Soto Norte Project, which is advancing to develop a new underground gold, silver and copper mine. In Guyana, it is advancing the Toroparu, a gold/copper project.


TSX:ARIS - Post by User

Bullboard Posts
Comment by ts9222on Sep 23, 2016 2:51pm
71 Views
Post# 25271567

RE:Easy to say "losing $2 million per day", harder to make true

RE:Easy to say "losing $2 million per day", harder to make trueBesides the news reporters being plain stupid and not checking the facts, it could be GCM just saying that to justify canceling the contracts and laying people off to save money.

BuenaSuertaAtod wrote: A company that has never produced more than a fraction of $2 million per day (say about $300,000/day), and can generate a healthy profit margin producing at that level can not easily lose $2 million per day as the result of a work stoppage. It would require something more extreme - like a nuclear strike on their mine, or the price of gold falling off a cliff & gold reserves & resources being written-down accordingly. -GLTA!


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