RCTV – Aris Gold Press Release Reaction with Ian Telfer, Independent Chair
July 27, 2022
Ian Telfer, Independent Chair of Aris Gold, joined the latest segment of Red Cloud Financial Services’ RCTV
Tag: Aris Gold Corp.
Aris Gold Corp. (TSX:ARIS) – Q1/22 Results Show Steady Improvements at Marmato
May 13, 2022
Aris Gold released Q1/22 production and financial results. Although production missed our estimates, we anticipate gold production to increase in H2/22 from the Upper Mine as mining sequences into higher grade areas and processing rates increase. We note that in Q1/22, the company had already begun mining higher grade material than in previous quarters (3.20 g/t Au vs. an average of 2.76 g/t Au in 2021). We anticipate steady production improvements at Marmato through 2022 following recent optimization and cost reduction work, and we maintain our view that Marmato has the potential to generate significant free cash flow by 2024 once the Lower Mine comes online.
Aris Gold Corp. (TSX:ARIS) – Notable News
April 13, 2022
April 13, 2022 Aris Gold Corp. (TSX:ARIS, BUY, C$5.75 target, Taylor Combaluzier) has closed its previously announced acquisition of a 20% JV interest in the
Aris Gold Corp. (TSX:ARIS) – Higher Target on Initial 20% Acquisition of Soto Norte Au Project
March 22, 2022
Aris Gold announced that it has entered into a definitive agreement with a subsidiary of Abu Dhabi based Mubadala Investment Company PJSC to acquire a 20% JV interest in the Soto Norte gold project in Colombia, with an option to acquire a further 30%. With a growing presence in Colombia, Aris Gold is well positioned to advance the Soto Norte project – one of the largest undeveloped gold projects globally with total resources of ~12M oz Au. Assuming Aris exercises its option to acquire a 50% interest in Soto Norte, the company is set to grow its production profile from 175k oz Au per year (once the Upper and Lower Mines at Marmato are running) to ~400k oz Au per year. In our view, this is an accretive and transformational transaction for Aris Gold as it continues to execute on its vision to become a mid-tier gold producer by acquiring interests in large-scale deposits with low technical risk.
Aris Gold Corp. (TSX:ARIS) – Q4/21 Results; Updating our Estimates with 2022 Guidance
March 7, 2022
Aris Gold released Q4/21 production and financial results. Additionally, the company announced 2022 guidance that outlines a 49-68% increase in production over 2021 levels (26.8k oz Au at total cash costs of $1,319/oz). Higher production is anticipated due to a planned increase in throughput to 1,500 tpd at the Upper Mine during 2022. In Q4, Aris also began to realize the positive impact of its workforce reorganization, with a 4% decrease in cost of sales YoY. It also announced the results from its ~10,000m Juby drill program. With the start of construction on the Lower Mine, we maintain our view that Marmato has the potential to generate significant free cash flow by 2024 and set Aris on a path towards becoming a mid-tier producer.
Red Cloud’s 2022 Very Pre-PDAC Mining Showcase – Day Three Recap
March 7, 2022
Last Friday, Red Cloud hosted the third and final day of its Very Pre-PDAC Mining Showcase, which featured 39 presenting companies including a keynote speech by Joe Mazumdar, Editor/Analyst and Publisher of Exploration Insights and had over 1,750 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. Replays are available on the Red Cloud website.
Aris Gold Corp. (TSX:ARIS) – Drilling at Juby Shows Resource Expansion Potential
December 9, 2021
Aris Gold provided assays from its initial, 26-hole (10,709m) drill program at its 100%-owned Juby Au project near Gowganda, Ontario. The program was designed to test the gap zone between the Golden Lake and Big Dome deposits and to confirm known high-grade mineralization within the Golden Lake pit shell. In our view, the program successfully achieved both objectives, having encountered several intervals of high-grade mineralization within and outside of the existing resource footprint. While we expect the results to translate into an upgraded and expanded resource, we believe further drilling may be warranted ahead of another resource estimate.
Aris Gold Corp. (TSX:ARIS) – Q3/21 Results; Resource and Lower Mine Construction Update
November 12, 2021
Aris Gold released Q3/21 production and financial results. Additionally, the company announced that it plans to start Lower Mine construction and released an updated mineral resource estimate for Marmato. In Q3, Aris completed several Lower Mine optimizations with Wood PLC, its EPCM contractor, and continued with a 35,000m infill and expansion drill program where the final six drillholes are underway. The company also completed its 10,000m drill program at Juby (results expected Q4/21). With the imminent start of construction, we maintain our view that Marmato has the potential to generate significant free cash flow by 2024 and set Aris on a path towards becoming a mid-tier producer.
Red Cloud Oktoberfest: Fall Mining Showcase 2021 – Day One Recap
October 19, 2021
Yesterday, Red Cloud hosted the first day of its three-day 2021 Oktoberfest Fall Mining Showcase, which featured 26 presenting companies including our keynote speaker Dr. Thomas Brady, Managing Director of Capitalight Research Inc., and had over 1,000 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. If you would like to attend Day Two and Three of Red Cloud’s Oktoberfest Fall Mining Showcase, register here. Replays are available on the Red Cloud website.
Q3 Producer Preview & Commodity Price Update – Lowering Gold Price Forecasts While Most Commodities Increased
October 13, 2021
Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.