Bullboard - Stock Discussion Forum 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... see more

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Aris Mining Corp > Cash in the bank

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Post by mac81 on May 07, 2021 11:59am

Cash in the bank

I'm just throwing this out there. Instead of selling all their mined gold and keeping all that money in the bank, what if GCM decided to keep a certain percentage of the gold from the market and accumulated it in anticipation of higher prices in the future. Keith Neumeyer from Majestic silver is employing this strategy. He is stockpiling silver and not selling it at these rediculously low prices. The demand is there but the price has not caught up with precious metals yet. GCM could become their own bank by having REAL money in their own possession. It's not like they will miss out on huge gobs of bank interest lol.

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