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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

Comment by Stratocheifon Dec 30, 2021 12:49pm
199 Views
Post# 34271275

RE:RE:RE:RE:RE:RE:Yess another 225 k cancelled

RE:RE:RE:RE:RE:RE:Yess another 225 k cancelledDepends on how you see things. Depends on gold price and sentiment. Today is today but one or 2 years out no one can predict. If gold falls a couple of hundred the shorters will pile in there even if share count is 5 or 10% less. And in such scenario the longs will sell because suddenly u have a small company with 300 million of debt that they are servicing at 6.875% while profits are plunging. And all along, they would have been saving about 3.5% for every dollar of debt they canceled as opposed to the saving for every dollar of stock they don't have to pay the divi. One has to contemplate the downside risks as well as the potential upside. Many companies fall into that trap. I've had about half a dozen oil companies go bankrupt for that very reason. Oil falls, debt becomes an issue. You gotta be a real genius to go bankrupt when u have no debt haha. Thats why I always feel good about owning a company that is doing well without it. Not bashing gcm, I hope the stock does go to 15 or 18 but the future is never certain. Look at what's happening with argonault
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