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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

Post by likeikeon Aug 15, 2021 4:19pm
312 Views
Post# 33707654

In Toroparu (gold and copper) we trust

In Toroparu (gold and copper) we trustWe now have two cornerstone assets in our company, the high grade Segovia project in Colombia, and the Toroparu gold copper project in Guyana. We are currently working with Nordmin to prepare an updated mineral resource estimate for Toroparu that incorporates the high grade intercepts into the geological model. Nordmin is also working on a preliminary economic assessment, outlining our updated capital investment and mine plan to develop Toroparu into another long-life, 200,000 ounce per-year producer. We expect to have the results of Nordmin’s work in September, at which time we can provide a full update on the construction timeline, production profile, and other fundamentals of this project. In light of the renewed focus on green metals, we're evaluating the potential to access the copper resources sooner to enhance our returns. We expect production will commence in early 2022, once we update the draft mining license to incorporate our intention to include underground mining in the operation. Our leadership team recently met with the President of Guyana and other senior government officials, and there was a tremendous support from the Guyanese government for this project.
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