Welcome to our dedicated page for Aris Mining news (Ticker: ARMN), a resource for investors and traders seeking the latest updates and insights on Aris Mining stock.
Aris Mining Corporation (ARMN) maintains an active portfolio of gold mining operations across Colombia, Guyana, and Canada. This page serves as the definitive source for official company announcements, operational updates, and strategic developments.
Investors and industry observers will find timely updates including quarterly earnings reports, project expansion announcements, resource estimate revisions, and partnership developments. Our news collection covers key operational areas such as production milestones at the Segovia Operations, progress at the Toroparu gold/copper project, and technical updates compliant with NI 43-101 standards.
All content is curated to provide stakeholders with accurate information about the company's mining activities, exploration results, and corporate initiatives. Regular updates ensure visibility into how ARMN executes its dual strategy of brownfield optimization and greenfield exploration across its jurisdictions.
Bookmark this page for streamlined access to press releases detailing Marmato Mine developments, Soto Norte joint venture progress, and operational efficiency improvements. Check back regularly for verified updates directly from the company and authorized news sources.
Aris Mining (TSX: ARIS) (NYSE-A: ARMN) reports gold production of 99,983 ounces for H1 2024, with 88,613 ounces from Segovia and 11,370 ounces from Marmato Upper Mine. The company is on track to meet the lower end of its full-year production guidance of 220,000 to 240,000 ounces. Aris Mining is progressing with expansion projects at Segovia and Marmato, targeting an annual production run-rate of approximately 500,000 ounces by H2 2026. The Segovia expansion will increase capacity to 300,000 ounces annually, with completion expected in early 2025. The Marmato Lower Mine project is on track for first gold pour by end of 2025. Aris Mining has also increased its ownership in the Soto Norte project to 51%, with feasibility studies underway for a new development plan.
Aris Mining has completed the acquisition of an additional 31% interest in the Soto Norte gold-copper project in Colombia, raising its ownership in the joint venture to 51%.
This deal involves issuing 15,750,000 shares to Mubadala Investment Company, with an additional 6,000,000 shares upon receiving an environmental license. Mubadala retains a 49% stake.
The Soto Norte project is among South America's largest undeveloped underground gold projects, aiming for over 450,000 gold ounces annually at an AISC of US$471/oz across 11 years.
Aris Mining plans a scaled-down mining concept, focusing on reducing the environmental footprint and optimizing production with a longer plant life and higher-grade material targeting.
This acquisition aligns with Aris Mining's strategy to boost gold production and support local contract miners, enhancing economic development and environmental practices in the Soto Norte region.
Aris Mining will increase its ownership in the Soto Norte gold-copper project in Colombia to 51% by acquiring an additional 31% stake from Mubadala. This will involve issuing 15,750,000 shares to Mubadala, with an additional 6,000,000 shares to be issued upon receiving an environmental license. The new smaller-scale development plan for Soto Norte aims to reduce the environmental footprint, extend operating life, prioritize high-grade zones, and integrate contract mining partners. The transaction, expected to close in June 2024, will see Aris Mining sole-funding certain pre-licensing costs and integrating the PSN development team into its operations.
Aris Mining announced the results of its Annual General Meeting (AGM) held on May 16, 2024. Shareholders holding 46,147,782 shares, or 32.54% of the company's outstanding shares, were represented by proxy.
The election of eight directors was confirmed, with the following individuals elected: Ian Telfer (94.96% votes for), Neil Woodyer (99.81%), Daniela Cambone (81.73%), Mónica de Greiff (91.38%), David Garofalo (87.71%), Attie Roux (99.81%), Gonzalo Hernández (99.78%), and Germán Arce (99.78%). KPMG LLP was re-appointed as the company's auditor for the upcoming year with 99.93% votes in favor.
Aris Mining reported its Q1 2024 results, with the Segovia operation generating $13.8 million in operating cash flow. The company produced 50,768 ounces of gold, with Segovia contributing 44,909 ounces at an average grade of 9.42 g/t. EBITDA stood at $22.4 million, while adjusted EBITDA was $28.4 million. Aris Mining recorded a net loss of $0.7 million or $0.01 per share, but adjusted earnings were $5.4 million or $0.04 per share. The company invested $37.4 million in projects and ended the quarter with $147 million in cash. Major expansion projects in Segovia and Marmato progressed well, with significant equipment ordered and civil works nearing completion.
FAQ
What is the current stock price of Aris Mining (ARMN)?
What is the market cap of Aris Mining (ARMN)?
