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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

Comment by menoalittleon Feb 16, 2021 2:16pm
88 Views
Post# 32575326

RE:Still Long and Strong

RE:Still Long and Strong>> The #1 thing the company needs to do right now is buy back shares hand over fist.

I'd agree that presuming normal gold production operations, that would undoubtedly have the most significant positive and lasting impact on stock price. 

>> I also think they should start building a mine for Goldx in exchange for a larger stake of the company.

That sounds to me like a major distraction and poor use of funds.  And it sorta sounds like you're even suggesting that existing management at GLDX is rather incompetent.  GLDX is an investment at this point, and should remain just that.  An investment. Meanwhile, GCM's cash (in my opinion) should be directed towards:


1) Share buyback.
2) Colombian taxes (all due in the first half of '21)
3) Gold note redemptions (full call opportunity end of April '21)
4) Drill progarms (to expand mineral resource.) aka, capex.
5) Dividends.

Because there's plenty enough cash for ALL of the above, it's only an issue of how much to apply where... and to heck with some of those other goofy ideas that have been posted here.




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