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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 oldmanmikeon Dec 20, 2022 1:37am
505 Views
Post# 35181398

USD vs Gold Price

USD vs Gold PriceJust wanted to add an observation I have.

The current gold price today at $1780 and 104,5 usd index is not that much different from a couple of months ago when gold was hitting a triple bottom at about $1630 and a usd index of about 112.

Consider the usd backs off to 98.... gold is about $1880. With the ongoing pressure on the usd, one can easily visualize its value falling below 85...gold would be around $2100.

For all the other reasons mentioned in previous posts, gold is cheap TODAY. Goes along way to explain the share price at $3.30 to $3.40 range.

As the rest of the world dedollarizes, the $7T of us debt held outside of the US will come home to roost. With their current debt ($31T), that would push it $38T. Add another year of deficits and it will close in on $40T. Oh yeah and interest rates are going up to 5%.....$2T an year in interest!

History has shown debt to be the underlining problem with falling currencies....so it is today.
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