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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 7Twiggyon Mar 11, 2022 11:33am
352 Views
Post# 34506740

Around 16700 ounces of gold produced each month.

Around 16700 ounces of gold produced each month.Hard to believe this is not moving.  Around 16700 ounces of gold produced each month at around a cash cost of $850.  This does not include numerous other metals recovered.  Take a look at the MD&A for November 2021. Unbelievable.  Looks like the next update is the end of March. They have not bought back since Feb 1,  so they must be sitting on a ton of gold or cash if they sold those February ounces produced.  Think one of these days we will finally see that big jump, although you can not really complain about the next steady climb.   Think with the price of gold at these levels we may see the company starting the buyback again. I also think they will eventually take a bigger position in Denarius as it looks like the drill results coming back are confirming a major resource. More results from Denarius overdue, but Serafino adding to his already large holding in the last few weeks a very good sign.
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