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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
Post by ts9222on Jul 12, 2017 7:56pm
143 Views
Post# 26462668

Record Production!! Another jump to 16k oz per month

Record Production!! Another jump to 16k oz per monthWow i thought the jump from 14k to 15k was great and was hoping for at least 14k for June, but instead it jumped again to 16k :)

"Company-operated mining areas improved to an average of 11.3 g/t in the second quarter of 2017, up from an average of 4.4 g/t"
This is exactly what i was hoping for, since last year. Finally becoming true.

16k oz x 12 months = 192k oz per year if they can keep this up.

Q1 39k oz
Q2 46k oz

This will be a big jump in free cash flow for sure at a higher gold price.

$3m to be redeemed soon at the end of July and a lot more $$ to be redeemed with Q2 free cash.
Method, as a typical holder of 2020 debs, what will you do with the cash you get from the redemptions, are you going to buy any shares with that cash to boost the share price up?
Bullboard Posts