Aris Mining Corp T.ARIS.WT.A

Primary Symbol: T.ARIS Alternate Symbol(s): CLGDF | ARMN | N.AMNG.NT.U

Metals & Mining Gold

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.

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Aris Mining Corp > 2023 Key Objectives

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Post by Chizkiyahuon Feb 08, 2023 4:09pm

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Post# 35275464

2023 Key Objectives

Deliver 2023 consolidated gold production and cost guidance of between 230,000 and 270,000 oz with all-in sustaining costs per ounce (AISC/oz) of between $1,050 to $1,150. See Table 2.
Work to optimize and expand our partnerships with artisanal and small-scale miners and continuing to align with the Colombian government's focus on and goals of enabling all miners to operate in a legal, safe and responsible manner that protects them and the environment.
Complete the process of amending the Marmato environmental license with Corporacin Autnoma Regional de Caldas (Corpocaldas) to authorize the start of construction of the new Lower Mine. Following construction of the new Lower Mine, the Marmato operation is expected to deliver average production of 162,000 ounces per year over a nearly 20-year mine life2.
Complete the re-evaluation of the Toroparu Project in Guyana including defining a new development plan, if required.
Advance the Soto Norte Project environmental licensing process with the submission of a new environmental assessment study to Autoridad Nacional de Licencias Ambientales (ANLA) in mid-2023, and complete the licensing process during 2024.
Implement targeted exploration programs at both Segovia and Marmato that prioritize expansion of mineral resources and conversion to mineral reserves with planned expenditures of US$19 million in 2023.
- At the Segovia Operations, a robust exploration drilling budget of $17 million is planned that includes a total of 84,500 metres (m), including 29,000 m focussed on increasing the mineral reserves and life of mine plan at its four producing mines, 39,000 m on resource extension at the producing mines, and 16,500 m on strategic high priority vein targets located adjacent to the current mining operations.
- At the Marmato Mine, a focused exploration drilling budget of US$2 million is planned that includes 7,500 m of drilling to optimize mining of the currently defined vein structures.