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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 12, 2017 2:22am
136 Views
Post# 26683271

RE:RE:Reply from CFO

RE:RE:Reply from CFOPeople always looking for problems. They will be paid more than any contract miner in the country. Remember that GCM contract miners were not the ones striking, and they were not striking in the past either. GCM contract miners were prevented from coming to work. That means they were paid fairly. It was the illegal miners that were protesting, a civil strike not a mining strike. The reason for the civil strike was not to get higher pay, but the existential threat to their ability to mine, from the government passing laws making mercury and explosives too expensive on the black market, and the sale of gold restricted to come from legal sources. They already agreed to terms with the government now. It took an existential threat for them to rally. A small increase in pay would not be a big reason to strike, and would not be looked kindly upon by the government.

After this agreement, the risk for a pay raise strike may not be much higher than strikes in North America. Well off countries like Canada and US expect higher pay and are unionized, possibly making the risk of strike higher for them.

4 year strike at Canada Goldcorp mine by United Steelworkers of America union
https://beta.theglobeandmail.com/news/national/four-year-strike-ends-at-gold-mine/article1038988/

Strike this year at Mexican mine by unionized workers
https://www.reuters.com/article/primero-mining-strike/update-1-canadian-miner-primeros-mexico-mine-operations-halted-by-strike-idUSL1N1G02BA

Other miners are not immune to strikes either.


kkkrrr wrote:
very good ....      the only problem i see is: the contract miners could put pressure year over year with stikes to get a higher percentage of theit mined gold... GCM has to ensure government aud other authorities are on their side for environmental reasons...  government don't want the pollution from illegal mining..so the should support GCM... all ore goes to the Dama-plant and GCM's new tailing-facility should be better for water quality as the waste-water from illegal mining...   another point of importance could be..stoppage of use of TNT (explosives) for the illegal miners..only miners under contract should be allowed to use explosives at their mines (i heard government stopped import of explosives months ago)...   


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