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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

Post by oldmanmikeon Jun 12, 2023 12:51pm
341 Views
Post# 35491745

Fed meeting followed by fed raising $1T in 3rd qtr

Fed meeting followed by fed raising $1T in 3rd qtrHeadwind for precious metals will increase very soon. The Fed will probably increase interest rates by 25 basis points on Wednesday and also plan to raise about $1T in Treasury bills in the 3rd qtr. That will drain liquidity from the market causing the markets to correct. Such a large float of treasuries to be issued will drive down prices and interest rates up. Gold and silver has not performed well, atleast initially, under such circumstances. I'm looking for gold and silver prices at $1800 and $20 respectively by Late Aug. I stated 3 weels ago Aris was a $2 stock. TD securities put a price target on Aris of $2.10 to $$2.30. It might be wise to lighten up and stand aside...preserve capital for Sept./Oct. Cheers to all.
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