Aris Mining Corp T.ARIS

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

Metals & Mining Gold

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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Post by HomerAndCompanyon Feb 16, 2021 6:47pm

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Post# 32580485

2019 avg gold price appox: $1,400, GCM adj net income $1.22

They did $1.22/share with $1,400 gold in 2019. Gold pirce now just under $1,790. You would think that level of gold price would not bode ill for profitablity now.

Perhaps the SP reflects an expectation of gold prices crashing with interest rates returning to pre-COVID normal levels? Or is something else going on here?

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Sirios Resource discovers visible gold in Quebec