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Bullboard - Stock Discussion Forum Aris Mining Corp. T.ARIS

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

Metals & Mining Gold
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... see more

TSX:ARIS - Post Discussion

Aris Mining Corp. > Great Break Out
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Post by tobinator01 on Apr 19, 2024 8:00pm

Great Break Out

What we are witnessing in Aris is a beautiful breakout.  Today the stock closed at another 52-week high on very high volume.  Today's combined (Aris.TO, ARMN) volume was an outstanding 1.65 million shares.  This is not mom and pop climbing into this miner.  We won't see Q2 2024 institutional holdings for many months but I suspect many more are climbing in on the stock.

I'm not ready to officially call the 50% Fibonacci level officially slain as Aris closed just 5 cents higher at 4.38.  The probability is we see upside follow through on Monday as the price and volume today are flashing strong buy signals across institutional platforms.  The next big resistance will be at C$6.02.

Aris Long Term Chart

Aris is significantly lead the Gold mining indexes.  The Gold Bugs Index, HUI, is only up 8.2% YTD.  Aris is up 23.1% YTD.  My guess is the outstanding move by management to invest just $15 million to get 100,000 ounces per year production is slowly getting priced into the stock.  My suspicion is earnings and conference call on May 15th have a positive impact on the market cap.
Comment by tobinator01 on Apr 19, 2024 9:29pm
Correction, I just re-read the press release.  It's $11 million in upgrades to get 100,000 more ounces per year.  In terms of revenue at today's gold prices, invest $11 million to get $240 million in gold sales per year.
Aris Mining Corp.