Aris Mining Corp T.ARIS.WT.A

2023 Key Objectives

[Chizkiyahu]

 

• Deliver 2023 consolidated gold production and cost guidance of between 230,000 and 270,000 oz with all-in sustaining costs per ounce (AISC/oz) of between $1,050 to $1,150. See Table 2.
• Work to optimize and expand our partnerships with artisanal and small-scale miners and continuing to align with the Colombian government's focus on and goals of enabling all miners to operate in a legal, safe and responsible manner that protects them and the environment.
• Complete the process of amending the Marmato environmental license with Corporacin Autnoma Regional de Caldas (Corpocaldas) to authorize the start of construction of the new Lower Mine. Following construction of the new Lower Mine, the Marmato operation is expected to deliver average production of 162,000 ounces per year over a nearly 20-year mine life2.
• Complete the re-evaluation of the Toroparu Project in Guyana including defining a new development plan, if required.
• Advance the Soto Norte Project environmental licensing process with the submission of a new environmental assessment study to Autoridad Nacional de Licencias Ambientales (ANLA) in mid-2023, and complete the licensing process during 2024.
• Implement targeted exploration programs at both Segovia and Marmato that prioritize expansion of mineral resources and conversion to mineral reserves with planned expenditures of US$19 million in 2023.
  • At the Segovia Operations, a robust exploration drilling budget of $17 million is planned that includes a total of 84,500 metres (m), including 29,000 m focussed on increasing the mineral reserves and life of mine plan at its four producing mines, 39,000 m on resource extension at the producing mines, and 16,500 m on strategic high priority vein targets located adjacent to the current mining operations.
  • At the Marmato Mine, a focused exploration drilling budget of US$2 million is planned that includes 7,500 m of drilling to optimize mining of the currently defined vein structures.

[domcolumba]

Advance the Soto Norte Project environmental licensing process with the submission of a new environmental assessment study to Autoridad Nacional de Licencias Ambientales (ANLA) in mid-2023, and complete the licensing process during This project is in doubt after the President of Colombia said that he would not allow mining in the Andes. I posted the link yesterday and it looks like stockhouse