At The Rule Symposium of Natural Resource Investing in Boca Raton, Florida, Oliver Dachsel, SVP of Capital Markets at Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN), discusses the company's operations and growth plans. Aris Mining, a Canadian company with a market cap of over $700 million USD, operates two gold mines in Colombia. The company produced 226,000 ounces of gold in the previous year and aims to increase production to 500,000 ounces annually by 2026 through brownfield expansions. Dachsel highlights the company's significant resource endowment of 20.1 million ounces in measured and indicated resources, plus 9.1 million ounces inferred. He details expansion plans for their Segovia and Marmato mines, including a $280 million project at Marmato partially funded by a stream with Wheaton Precious Metals. Dachsel also mentions the company's involvement in the Soto Norte development project in Colombia, describing it as one of Latin America's best undeveloped underground gold projects.
Aris Mining is a gold producer in the Americas, currently operating two mines with expansions underway in Colombia. The Segovia Operations and the Marmato Upper Mine produced 226,000 ounces of gold in 2023. Aris Mining is targeting a production rate of approximately 500,000 ounces of gold per year in the second half of 2026, following a ramp-up period after the Segovia mill expansion scheduled for completion in Q1 2025 and the Marmato Lower Mine’s first gold pour in late 2025. Aris Mining also operates the 51% owned Soto Norte joint venture, where Feasibility level studies are underway on a new, smaller scale development plan, with results expected in early 2025. In Guyana, Aris Mining is advancing Toroparu, a gold/copper project. Aris Mining intends to pursue acquisitions and other growth opportunities to unlock value through scale and diversification.
Aris Mining promotes the formalization of traditional miners into contract mining partners as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.
Additional information on Aris Mining can be found at www.aris-mining.com, www.sedarplus.ca, and on www.sec.gov.
Aris Mining promotes the formalization of traditional miners into contract mining partners as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.
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00:00 Introduction
00:10 Aris Mining
02:34 Cash Flow and Economics
04:07 Production Growth Strategy
06:56 Funding and Future Outlook
