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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 Aug 18, 2020 12:20pm
157 Views
Post# 31423212

RE:Why sprott is selling

RE:Why sprott is selling

Selling is due to many things not related to the gold price or the actual operations. 

The decision to reverse a position in only months was a billionaires ego/hubris versus an entrenched management team. Both look stupid in the end but both either made money(Sprott) or we're able to pay down debt (GCM) so an ugly win win.

Moving forward a strategic group will see the value of buying this out and liquidating the overhead which is creating the discount.


It's not if but when, do best to be long
 

Bullboard Posts