toro jv with neighborany rumors or thoughts of aris doing a jv with their neighbor aurora mine bought by zijin?
zijin has the mill and needs the ore from toro. they previously tried to buy toro but was outbid. a jv with them would eliminate the cost of building a new mill and increase production relatively fast.
or sell toro to zijin for us$300mil + us$60mil or so that aris already spent developing toro.
when zijin was bidding for toro the gold price was a lot lower. now that gold price is a lot higher, toro should be worth a lot more.
that would give aris a lot more cash to fund other projects.
aris with current market cap of cad$457mil would then have us$589mil cash + 2 large growth projects that can get them to 600k oz/yr. that extra cash can give shareprice a boost.