Post by
Ricoloco on May 27, 2024 5:17am
Aris Mining acquires 51% of 8.5 million oz gold resource…
... for a consideration of $190 million. This exact same project was bought for $1.5 billion in 2011 when gold was traded at a high of just over $1900 briefly, today we are past $2300 an oz of Au. Amazing deal for Aris Mining at a fraction of what the resource is worth, Aris Mining is truly the gold standard in environmental and social innovation, nobody else could pull this off in Columbia. Aris Mining dirt cheap.
Comment by
Brioche on May 27, 2024 5:53am
Rico : soto was bought by eike baptista for 1.5 b . He went bankrupt the y after , and mubadala got the mine as collateral as the emirates have invested in the EBX galaxy of Baptista . That's show you the foolishness of theses guys . Exact same thing with the fomer Aris ( ex Gcm ) when Serafino Iacono bought marmato usd 1Bil.