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 > Barrick and Pasqua Lama

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Comment by kkkrrron Feb 10, 2023 4:39am

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Post# 35278856

RE:Barrick and Pasqua Lama

sorry, you are completly wrong ... this was a time the POG was down sharply and barrick wrote-down some assets at its balance sheet ... NON-CASH ... and this 8 billion was a company- wide number ..

"Barrick recorded an US$8.7-billion impairment charge in the second quarter, mainly due to lower metal prices.

The charge includes $5.1 billion for the Pascua-Lama project, $2.3 billion for goodwill impairments and $1.3 billion for other impairment charges."

Soto Norte at Aris books:
Reportable segment assets as at September 30, 2022 - $ 102,969 000 (from the Q3 2022 report)
...so the maximum write-down would be appr. 100 million USD .. but the last word is not spoken here and a possible developement is 5-10 years away .. but i strongly hope ARIS will not pay another 300 million USD for a 50% share in Soto Norte without a clear path to developement in the hands... we will see