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Aris Mining Corp T.ARIS

Alternate Symbol(s):  CLGDF | T.ARIS.WT.A | 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 Nov 03, 2022 2:37pm
392 Views
Post# 35070558

Relax Folks

Relax FolksThe entire sector is getting sold down.  The HUI was leading Gold in October and I suspect many traders were buying a ton of mining shares with the expectation of the US Fed pivot.

As for Equinox, they reported AISC of $1749.  Right now they are pulling 540,000 ounces out of the ground at a loss.  This market is absolutely slaughtering high cost gold miners.  Aris combined should be below AISC of $1000.

Yes, I would like to see more out of the management team in terms of operatonal guidance etc.  My guess we see the Q3 combined report within the next month and as noted by other posters exploration results and reports are due out by year's end.

The stock was basing and going higher just three days ago.  The biggest near term development is watching how high the US dollar goes on Powells jawboning.  If it runs out of gas at the USDX level of 113, gold will stop its slide and the sector can recover from the shock and awe provided by who just might be the worst US Federal Reserve chairman in US history.
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