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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 tobinator01on Sep 08, 2022 1:30pm
321 Views
Post# 34949903

Soma Gold Q2 Results

Soma Gold Q2 ResultsMeanwhile we wait for the Aris-GCM merger go through my other Colombian gold miner, Soma Gold, came out with a solid Q2.  They are presently trading at 1X EBITDA.  Earnings and cash flow will be increasing each quarter for the next year as they increase milling tonnage by over 50% increase from Q2.  AISC for this little miner is under USD$900/ounce.  More Gold should result in AISC dropping to as low as USD$800/ounce.  The average AISC for GDXJ listed miners is around USD$1400/ounce.

The present market cap of Soma is C$32 million (USD$24 million) trading at C0.35.5.  Volume today has surged the most since June 16th and we still have 2.5 hours yet to go in the trading day.


Soma Q2 Earnings

Website:
https://www.somagoldcorp.com/
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