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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

Comment by Wayned52on Dec 05, 2020 2:36pm
206 Views
Post# 32044351

RE:RE:RE:RE:RE:Who could’ve forseen thid type of corruption....

RE:RE:RE:RE:RE:Who could’ve forseen thid type of corruption....The reason they are so undervalued has nothing to do with perceived corruption . They have not drilled to put ounces in the bank . Not enough proven reserves for anybody.  There is a very good reason for that . Even a few years ago drill crews could not work outside seeing distance from the mines for fear of being killed by FARC or illegal miners . Still today Serafino and his family cannot travel in Colombia without body guards . This is a country where in some places , bad guys will kill your kids .  Early on Serafino put all his own money into this mine , Segovia , to get the decrepit mill up and runnuing . It was a state owned disaster  . They did this in stead of drilling because they feel they have high grade for 100 years and more .  Now they are doing lots of drilling and in a short time that will make the market very happy . In the mean time on Dec. 15 GCM is going to put cash in my bank account and every month thereafter . The first to move that aggressively in rewarding shareholders . Why isn`t anybody complaining about that ?  Serafino risked it all . He deserves his reward . Johnny come latelies don`t.  He has created a sluggers row of new management at Caldas and they don`t work for peanuts . They will turn Marmato into a monster of a gold mine .    If I had one complaint it would be that Bob Friedland has his foot firmly wedged in the back door and there was nothing GCM could have done about that . 
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