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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Post by likeike on Aug 04, 2022 12:18pm

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On July 25, GCM Mining and Aris Gold announced their intention to merge into a single entity to create one of the largest gold companies in Colombia - GCM Mining and Aris Gold join forces in merger deal.

The merged entity, to be hailed as Aris Gold Corporation from hereon, will boast proven and probable reserves of 3.8 million ounces of gold. The Measured and Indicated ounce count will figure at 18.3 million ounces while 7.7 million ozs will round out the Inferred category.

Chairman Ian Telfer: “The combined group creates a top-in-class company with multiple tier one assets. After Aris Gold became operator of the Soto Norte joint venture, joining forces with GCM became a logical next step. Our increased scale will also broaden our future opportunities to continue building a [greater than one-million-ounce] producer over the next few years.”