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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

Comment by kkkrrron Apr 01, 2021 2:46am
148 Views
Post# 32920766

RE:nice... more share buybacks.

RE:nice... more share buybacks.2020 numbers look a bit strange because the ARIS transaction and losses on financial instruments and other transaction costs ..but most of them are one-tiome-costs...

Q1 2021 -statement will be more of interest with the de-consolidation of Marmato ans a cleaner balance-sheet (without the liabilities of ARIS-Notes at GCM's balance sheet)...

...operational all is OK with total cash-costs at near 900$ (a bit up from 2019) ... the costs will come  down sooner or later with the new expansion of the plant to 2000 tonnes/day and the new recovery-plant (zink,lead,lilver,gold) ... losses from financial instruments will come down in 2021 because warrant liabilities will end (virtual loss) , interest costs will come down too with early repayment of the Notes... 

...
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