Aris Mining Corp. T.ARIS

Toroparu

[Stratocheif]

They just spent tons of money and 6 months to announce that they confirm what Serafino told them. Great. Now spend another 6 months reviewing what Serafino planned to do there and on and on. Eventually they will be looking at a spike in Capex to finish building the mine as inflation continues to soar. Too bad they didn't just let the project proceed as originally started. It would be well underway now and Aris would be where it could have been as GCM... an $8 Sstock

[kkkrrr]

there is no explanation for what they spent 60 million USD ... for an resource-update?   someone can find an information on that?

[kkkrrr]

ahh ok, i found it... they spended appr. 55 million USD  at totoparu until end of Q3... Toroparu Project   q3 2022 54,797   ..end of the year 60.7 illion USD spend ... so they only spent  5-6 million USD in Q4 2022 under the new management ... i think a pig part of that is for the new access

[invest234]

oil price has been going down, now $69. if there is a recession, material costs go down, making mine construction cheaper.

[invest234]

that $60 mil spent on toro is construction capex (like initial preparation of building port and roads). that will subtract from the total construction cost of toro. serafino already outlined the amount they would spend on toro construction in 2022. partial toro construction does not mean that money was lost, as some bashers want people to believe.