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Aris Mining Corp T.ARIS

Alternate Symbol(s):  CLGDF | T.ARIS.WT.A | 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 Rockhead46on Jul 06, 2020 2:51pm
193 Views
Post# 31229955

RE:3 Years ago this was $1.40, now its $7

RE:3 Years ago this was $1.40, now its $7Yes it did have a period of outperformance but that is in the past when they were handcuffed from making silly decisions.

SInce then they diluted their positiion in Marmato with Bluenose paying $20m for a Guistra shell when they could have paid $1m.  Then they did two PPs with Sprott when they did not need to which added dilution, he is now selling btw.  Then they paid $50m for Juby which the next highest bidder was less than $10m.  Then they gave away the upside in their only growth project to Wheaton and the note holders.

What is next?

A lot of damage for one year hence the underperformance and valuation.
Bullboard Posts