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Aris Mining Corp T.ARIS.WT.A


Primary Symbol: T.ARIS Alternate Symbol(s):  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 invest234on Jul 25, 2022 4:00pm
258 Views
Post# 34849191

RE:Back out again

RE:Back out againyou say nothing has changed? a different management team certainly is a change.
gcm was good with mine operations, but they were bad with financial manipulations.
Michael Davies the cfo in charge of those financial manipulations is gone. i always thought he looked weak in presentations, his best asset was that he could speak english!

Ian Telfer made shareholders a lot of money. Telfer as ceo led Wheaton River from a $10 mil company to be bought out by Goldcorp for $2.4 billion. he became ceo of Goldcorp and made it the third largest gold company. he helped build Silver Wheaton by separating silver assets from Wheaton River. obviously silver wheaton was a big success.

Neil Woodyer built Endeavour Mining which i made a good profit on. he also built Leagold which merged with Equinox.

this company is already on a very profitable path. all they have to do is complete construction of toro and marmato and this would be a 600k oz/yr cash cow.
with good reputation of management, they can get a decent p/e multiple of 10 instead of crazy 2.

Northforce13 wrote: I had bought a small position recently.  Owned a long time ago but was exasperated at the time with their continual dilutions and capital markets actions.

Saw a div, some buybacks, thought they had changed their ways.  Joke's on me haha.  These guys are great con artists.  They got me twice!

Dividend toasted, buybacks no doubt as well, huge capital markets transaction (along with associated fees)... nothing has changed, they were just disguising themselves for a while, I suppose.  

Back out at a small loss on the small position.  Thank god I didn't go heavy.

GLTA




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