Aris Mining's Path to 1 Million Ounces

Summary

Discover how Aris Mining is strategically expanding its operations in Latin America, aiming to reach one million ounces of production. The company, led by industry veteran Neil Woodyatt, is focusing on a buy-and-build strategy, with recent expansions including the Marmato mine in Colombia and the acquisition of the Soto Norte project. Aris Mining has merged with Gran Colombia, bringing together the Marmato and Segovia mines. They are currently ramping up Segovia to produce three hundred thousand ounces annually, with plans to reach five hundred thousand ounces from these two assets next year. Looking further ahead, a project in Guyana is anticipated to add another two hundred fifty thousand ounces. The company holds approximately nine point three million ounces of reserves at six point one grams, with projected production of seven hundred fifty thousand ounces from its combined assets. Aris Mining boasts significant cash reserves of about four hundred seventy million dollars, supplemented by a four hundred million dollar bond, and generates roughly four hundred million dollars annually. This financial strength allows them to fund ongoing construction and development without external financing. Key milestones in the coming year include proving Marmato's viability, completing the Segovia ramp-up, finalizing a pre-feasibility study for the Guyana project, and engaging with the Colombian government regarding Soto Norte's permitting. For more information, contact Oliver Drexl, head of capital markets, at one nine one seven eight four seven zero zero six three or o dachel at aris-mining dot com, or Neil Woodyatt at n woodyatt at aris-mining dot com.