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Aris Gold Corporation (OTCQX: ALLXF) is advancing its Marmato Lower Mine project in Colombia. Key steps include awarding the EPCM contract to Wood, receiving US$34 million of a US$110 million financing from Wheaton Precious Metals, and appointing experienced management personnel, Peter Burger and Greg Moss, to oversee operations. Community support initiatives include completing a municipal park and a new community center. CEO Neil Woodyer emphasized these advancements, signaling progress towards establishing a significant long-life mining operation in Colombia.
Aris Gold Corporation (OTCQX: ALLXF) responded to a request from OTC Markets regarding recent trading activity of its shares. Following an increase in trading volume on April 19, 2021, the company detailed its active investor relations efforts since its launch on February 4, 2021, which included marketing programs and conference attendance. Aris Gold retained multiple firms like Red Cloud Financial Services for outreach. The company also successfully completed a C$85 million private placement financing and confirmed compliance with reporting requirements since its inception.
Aris Gold Corporation (TSX: ARIS; OTCQX: ALLXF) announced its 2020 financial results highlighting significant progress at its Marmato mine in Colombia. The company completed a Preliminary Feasibility Study for the Marmato Deep Zone, establishing a Life of Mine plan of 2.0 million ounces of gold. Aris Gold raised $186.5 million from financings and aims for operational improvements in 2021. Despite achieving gold production guidance, net loss for 2020 reached $83.1 million. The company plans to commence the development of a new underground mine by Q4 2021.
Aris Gold Corporation (OTCQX: ALLXF) announced high-grade gold intercepts from its ongoing drill program at the Marmato mine in Colombia, totaling 35,000 metres across 60 holes. Currently 50% complete, the drilling has revealed significant mineralization, potentially extending the mine's 13-year life. CEO Neil Woodyer noted the potential for a larger gold inventory, particularly in the newly identified Fortaleza Zones. Key findings include intercepts of 2.35 g/t Au over 39.75m in the Main Zone and 3.68 g/t Au over 36.20m in Fortaleza Zone B.
Aris Gold Corporation (OTCQX: ALLXF) has received final approval for its shares and warrants to be listed on the Toronto Stock Exchange (TSX), effective February 12, 2021. This transition from the TSX Venture Exchange to the TSX does not require any action from shareholders. The company, which operates the Marmato mine in Colombia and the Juby project in Ontario, aims to unlock value through acquisitions and growth opportunities. The executive team has a successful history of building gold mining companies.
Aris Gold Corporation has officially renamed Caldas Gold Corp. to Aris Gold and appointed a new management team, with CEO Neil Woodyer at the helm. The company has released net proceeds from a C$85 million private placement and US$83 million in gold-linked notes. Following the approval of a 30-year mine license extension for the Marmato mine in Colombia, trading of shares under the symbol 'ARIS' is set to begin on February 8, 2021. The team aims to build Aris Gold into a major gold producer, targeting production increases to over 150,000 ounces annually from Marmato.
Caldas Gold Corp. (OTCQX: ALLXF) has received a 30-year extension of its Marmato mining contract from the Agencia Nacional de Mineria (ANM), now registered in the Colombian National Mining Registry. CEO Serafino Iacono highlighted the importance of this extension for future expansion and community benefits. The company is also advancing its Juby Project, which is located in the Abitibi greenstone belt. This extension supports Caldas Gold's significant investments and long-term operations in Colombia.
Caldas Gold Corp. reported gold production of 2,503 ounces in September 2020, totaling 6,899 ounces for Q3 2020, an 11% increase year-over-year. This reflects a significant recovery from a 79% drop in production during Q2 due to COVID-19 restrictions. Year-to-date production stands at 16,651 ounces, down from 18,693 ounces in the same period of 2019. The company has raised CA$50 million through an equity deal and US$83.1 million in gold notes to fund its expansion into deeper mining operations.
Caldas Gold Corp. (OTCQX: ALLXF) has announced the completion of an updated Mineral Resource estimate (MRE) for its Juby Gold Project, effective July 14, 2020. Prepared by SGS Geological Services and GeoVector Management, this estimate adheres to NI 43-101 standards. The total within-pit Indicated resources amount to 21.3 million tonnes at a grade of 1.13 g/t Au, containing 773,000 ounces of gold. Inferred resources total 47.1 million tonnes at 0.98 g/t Au, equating to 1,488,000 ounces. The company aims to begin drilling in 2021 to expand these resources further.