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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

Post by steamedmuscleon May 10, 2021 8:56pm
323 Views
Post# 33170977

BAGHOLDERS!!!

BAGHOLDERS!!!
as an example, equinox gold often uses 0.5g/t cutoff grade....their gold price assumption is 1200 or 1350 depending on a mine....recovery rate is at 90-95%.... the formula is: gold price= (blah blah blah)/(cut off x recovery x blah blah bla) here is the funny part...segovia recovery rate is already at 85%....reducing the cut off as part of denominator from 2.9g/t to 0.5g/t will drive the gold price to 1600 x 2.9/0.5=9280 dolla while recovery rate would improve by only 10%.....9280x0.85/0.95=$8300 for reserves to rise to 750k oz...hahahahaha u bagholders are so fackin dumb
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