Aris Mining Corp T.ARIS

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

Industrial Metals & Minerals

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.

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Aris Mining Corp

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Comment by BuenaSuertaAtodon Apr 28, 2017 3:59pm

147 Views

Post# 26181107

RE:Can someone help explain whats going on please?

Yes, the reverse split in combination with good earnings is a very good thing.

The reverse split itself is a result of the company's troubled past. If there were just a reverse split without good earnings would have done little if anything to help.

If you've held this for a few years you are down about 90%. You need a 10-bagger to break even. With a P/E of just .6 that could happen. But if could take a while. GCM needs to keep making good money & buying back the convertible debentures to make that possible. But it should drift higher from here.

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