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Aris Mining Corp T.ARIS

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

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

Bullboard Posts
Comment by edmbondson Jan 10, 2015 12:27pm
167 Views
Post# 23305487

RE:The ball is rolling

RE:The ball is rollingSilverking - I agree that this is an important step for the enterprise but it will harm shareholders.  The question is how much of the harm is baked into the current SP?  Make no mistake, curing liquidity will come at a cost to shareholders, probably in the form of dilution.  The review of the mining plan with SRK will likely result in a write down of mining assets, reducing balance sheet equity.  The gold and silver linked note holders are going to do ok.  The POG is above the AISC so the enterprise is sound.  The purchase of notes on Wed by Iacono is a good sign as is the rise in the SP through the week.
Bullboard Posts