Aris Mining Corp T.ARIS

Soto : 60 % smaller project. 3.5 y construction.

[Brioche]

Let 's hope capex will be very very lower than initiated . 
And at 51 % , this is not giving a lot of prod for Aris.

[a2bman]

I dont know.  this seems like a good deal for mubadal,  13% of aris for 31% of one mine that you still have 49% of and aris have to pay all costs prior to envirnmental.  so really they own 49% and 13% - 62%  prior they had 80%  so they gave up 18% of the mine and got 13% of aris and all their other projects, Not sure if that math works though

[Brioche]

Aris payed usd 100 milions for tge first 20%  Et now at today's price 90 milions for 31% .  While it seems good operation for aris at first glance , the heavy reduction of the project is a little worrying .  That said the capex was monstruous , and permits unsure. Mr market will tell us.

[Brioche]

Precision : aris got a substantial reduction vs furst deal : 2022  Aris Gold has the option to acquire an additional 30% interest in the joint venture company and Minesa for a cash payment of $300 million (the Option). Aris Gold may exercise the Option at any time prior to the earlier of a) 10 weeks following receipt of the ESIA approval from ANLA for development of the Soto Norte

[a2bman]

Brioche, so that last statement  " The drafting, submission, and approval process for a new ESIA is expected to take approximately two years."  was from 2022?

[Brioche]

3.5 y  for construction was with the FS made in 2022 , with the TBM ( long tunnel ...very costly )  The delay is not changed from what i understood at yesrerday CC  The will provide a new PFS ( first half 2025) ( Without a tbm ) , after which they will ask for the environnemental permit (18 months )( if correct ) , and once obtained   they start construction . All in all

[Ricoloco]

-Elimination of the 6.9 km tunnel, which was to be created by way of a tunnel boring machine (TBM), accelerating construction timelines and reducing capital costs. Ropeway technology is currently in use in Colombia, requires minimal land use, and is easily removed at the end of the mine life. The ropeway will also move tailings from the processing plant to the underground paste fill plant

[Brioche]

My friend , ...this is so boring .... To make very brief : What's your problem ? Tbm was in 2022 . Now removed . That's  what i wrote . 60% reduction THEY ANNOUNCED .  60% of what ?  Of prod of course. Basic maths give 92 k at this time ? Again what's your problem ?  My friend , you were told 450  koz 2 y ago , ( while  i saw this stupid wich such a capex

[Ricoloco]

You're a broken record of unsubstantiated negativity Brioche. Painful missing the ride?