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 invest234on May 31, 2021 10:12am

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Post# 33295743

red cloud

(from ceo.ca)
Red Cloud via Mail: Gran Colombia Gold Corp. (TSX:GCM, BUY, C$17.00 target, Taylor Combaluzier) announced that both its shareholders and those of Gold X Mining Corp. (TSXV:GLDX, Not Rated) have approved the Gold X acquisition at their respective shareholder meetings. Under the agreement, GCM is expected to acquire all of the issued and outstanding common shares of GLDX it does not already own by issuing 0.6948 GCM shares per GLDX share. This all-share deal would value GLDX at C$4.10/sh or ~C$315M on a 100% and fully diluted ITM basis. GLDX expects to apply for final court approval on or about June 1, 2021. Furthermore, the transaction is anticipated to close on June 4, 2021. We continue to view this transaction positively as it would provide GCM with a long-lived asset with excellent exploration potential in a familiar geographic region. As per our initial analysis, the Gold X transaction should be accretive to our valuation of GCM. We plan to update our estimates upon closing of the transaction.

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