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Aris Mining Corp T.ARIS

Alternate Symbol(s):  T.ARIS.WT.A | CLGDF | 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

Comment by tsoprano24on May 25, 2023 12:34pm
343 Views
Post# 35464024

RE:RE:RE:RE:more insider buying

RE:RE:RE:RE:more insider buyingWhile you point out the $300 mil in debt you don't mention the cash position. Is it not well over $300mil leaving cash available for buybacks. They have the money to do one, but they are either financially inept or something else is stopping them. I pray it is not another acquisition or worse yet, a spinoff they will buy back later, so they can reap some fees off it. I know some here think this is a great management team but I have seen nothing that points to any better than your run of the mill team. It wasn't long ago we were making money hand over fist, with a buyback and dividend. Now nothing. What were we trading at a couple years back when gold was $2000? $6-$8 and now look at us. The dream team has us in a nightmare that could easily be rectified. Constant buyback with no more acquisitions or spinoffs. I'd even go less on drilling. No matter how many ounces they have or claim to have for the next hundred years has never mattered nor ever will. What we have is a poorly run company with so much potential but a complete lack of a plan that the market cares about. Shorts wouldn't be eating our lunch if this was well run. With $2000 gold we should be so much higher. And, I imagine someone will jump in to tell me where I am wrong. Of course, they will be using the same logical explanation that I have been inundated with for six years of underachievement. Thankfully, I have a low average cost but the continual mismanagement is depressing. 

T
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