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Aris Mining Corp. T.ARIS

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

Aris Mining Corporation is a Canada-based company, which is primarily engaged in the acquisition, exploration, development and operation of gold properties in Colombia, Guyana and Canada. The Company operates the Segovia Operations and Marmato Mine in Colombia. The Segovia Operations are located 180 kilometers (km) northeast of Medellin in the Segovia-Remedios mining district of Antioquia, Colombia. The Marmato mine is located in the Marmato gold district in the Caldas Department, a mountainous region approximately 80 km south of Medellin, Colombia. The Company is also the operator and 20% owner of the Soto Norte Project. The project is located within the traditional mining area of California, Vetas, which is located approximately 350 km north of Bogota and 55 km northeast of the city of Bucaramanga. The Company also owns the Toroparu Project in Guyana and the Juby Project, which covers an area of approximately 42,817 hectares and is located in the Cuyuni-Mazaruni Region of Guyana.


TSX:ARIS - Post by User

Comment by Stratocheifon May 22, 2022 7:08am
221 Views
Post# 34700897

RE:great PE

RE:great PEYa right. When will people fknn wake up. Resource companies that take on massive debe loads relative to thier size don't get praises from investors. Too much risk. Does anyone think Toroparo is going to come in on budget in this inflationary chaos. I doubt it. Instead of trying to decrease this debt to be prepared for the afore mentioned risk, they are out there buying back shares. Who gives a fkk if they reduce the share count by a couple of percent. The debt ominously hangs over them in an uncertain future. And at the same time they are recording $20 million interest expence that directly reduces thier net profit. Boy thats a signal to buy when profits are down isn't it. DEBT FREE COMPANIES DONT GO BANKRUPT. HEAVILY INDEBTED RESOURCE COMPANIES DO ALL THE TIME WHEN THINGS DONT GO AS PLANNED.
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