Aris Mining Corp T.ARIS

214 mil in cash from 320.2Y ago..

[Brioche]

And the construction of marmato has not even started yet....
 A world class record in delays... 
No worry this is the best team... -)

[prem124]

I thought they only got permits last month.

[kkkrrr]

-Expenditures of $30.9 million on growth capital, including $10.2 million at the Segovia Operations, $11.3 million at the Marmato Upper and Lower Mines, and $9.3 million at the Toroparu Project. -Cash and cash-equivalents of $214.3 million as of June 30, 2023, following a $52.9 million annual tax payment in Q2 related to the Segovia Operations’ taxable income in 2022

[kkkrrr]

look at the balance sheet .. the paid all income taxes in Q2 and the liabilities are down 80 million sonce end of 2022 ...  we will get a clear picture in 2024 after a lot of warrants will become worthless ...    Aris already spended money on the marmato lower mine-project (ats part of the capex) ...     interesting is this:  Soto Norte • Aris Mining is leading

[satuple]

I wonder how can they transport to Segovia the materials mined at Soto. It's a long distance and could take some ~15 or more hours for a truck to deliver the materials

[prem124]

I do not think economics on this are important. What is important is getting artisanal miners to try our model and see the mutual benefits. The ore body at Soto is massive so it will hardly be a dent on the ore and transport costs will be lower once Soto gets approvals and infrastructure gets built there. I think it is quite unique approach and I like it. It is probably crucial to demonstrate