Aris Mining Corp T.ARIS

Alternate Symbol(s): T.ARIS.WT.A | 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 > Golden Gift

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Comment by canuckman1on May 25, 2024 5:07pm

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Post# 36057573

RE:RE:Golden Gift

I recently spoke to very knowledgeable individuals in the industry and they love the deal!

Aris management significantly lowered the cost for the 51% ownership of the Soto Norte mine. By making the deal now they locked in at a much lower price before gold heads higher - they paid about $24 an ounce.

The terms also inceases the permitting odds for the mine.

Neil Woodyer and the management team did a great deal!

Canuckman

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