With gold rebounding from its recent pull back now trading over $1,800 ounce one of the best gold stocks in the mining sector that is poised to take advantage of this rally is Aris Gold Corp TSX: ARIS, OTCQX: ALLXF trading in the 2$ range has a unique lineup of strategic partnerships & astounding mine expansion.
Aris Gold is building a globally relevant gold producer by acquiring operating gold mines and projects nearing construction with the aim of creating value through diversification, mine and corporate-level optimizations, investing in expansions and near-mine exploration, and active portfolio management.
Highlight ARIS GOLD CORP
- all-star management team
- Global diversification with 2 major mines, one in Columbia & one in Canada
- 2.0M ounces of gold 3.2G/t in the Columbia Mine alone
- Projected Columbia Mining Costs $880 Per ounce with continual cost decline as ramp up
- Over $142m in cash reserves
- Mine expansion set for Q4 2021
- Easy access to roads, water & utilities
Aris Gold team are an independent board of industry leaders including Ian Telfer as chairman and David Garofalo, Peter Marrone, Daniela Cambone, and Attie Roux as new directors. They join Serafino Iacono and Hernan Martinez, as well as Frank Giustra as strategic advisor.
Aris Gold’s all-star management team has decades of combined experience in multiple economic sectors. Look at hundreds of publicly-traded junior gold companies and it’s nearly guaranteed you won’t find the caliber of people involved here, in any other company out there.
Aris Gold Corp Mining Operations
First the Marmato mine which is located in the Marmato gold district in the Caldas Department, a mountainous region approximately 80 kilometres south of Medellin, Colombia.
The Marmato gold district has been mined since pre-Colonial times by the Quimbaya people. The gold resource was so significant that Simon Bolivar, the revolutionary leader who liberated much of South America from Spanish rule, used the gold as collateral with British banks to secure funding for a war of independence against Spain. The current mine on the Zona Baja property has been in operation since 1991.
The Marmato mine is supported by excellent infrastructure, located by the Pan American Highway and with access to the national electricity grid, which runs near the property.
Second the Juby Project which is an advanced exploration-stage gold project located in Ontario, Canada, approximately 15 kilometres west-southwest of the town of Gowganda and 100 kilometres south-southeast of the Timmins gold camp within the Shining Tree area in the southern part of the Abitibi greenstone belt. Gold was first discovered in the Shining Tree area in the 1930s.
Over 14,000 acres are controlled through the patented claims of the Juby Project covering a 10 kilometre strike length of the west-northwest trending Tyrrell Shear Zone (TSZ) in the Abitibi greenstone belt with IAMGOLD’s Cote Gold project and Alamos Gold’s Young-Davidson mine, both within 70 kilometres of the project.
Juby’s 2020 mineral resource estimate resulted in 773,000 ounces of indicated mineral resource (21.3 Mt @ 1.13 g/t) and 1,488,000 oz of inferred mineral resource (47.1 Mt @ 0.98 g/t). With those promising results, Aris Gold is currently preparing a drilling program for execution in 2021.
These two mines continue to expand there gold exploration efforts and are proving to offer promising result with full ramp up to come into fruition over the next couple years
Aris Gold Stock Capital Structure
Aris Gold Corp from a balance sheet perspective has more then enough cash and assets at hand to provide liquidity to get these mines functioning in high gear as of 2020 the company Aris sits on $142m in cash and was able to generate $42m in revenues.
A deeper look into stock ownership notice the level of insiders represented in the chart below. 8.5% is held by the Aris Gold board and management, along with 44.3% of the shares held by premier miner Gran Columbia Gold! Due to the investor agreement, Gran Colombia Gold does not plan to sell any of its Aris Gold shares or warrants without prior approval until at least February 3, 2023.
More On Aris Gold Corp Stock TSX: ARIS, OTCQX: ALLXF
Aris gold stock price as of this blog trades for around $2.30 with a market cap of $320m our primary bull thesis surrounding the mining sector is the continued cash printing from the federal reserve causing further inflation and the fact these miners have access to millions of ounces in the ground going up in value raising margins.
This video/blog was conducted on behalf of Aris Gold, and was funded by Gold Standard Media LLC and/or affiliates. For our full disclaimer, please visit https://www.goldstandardir.com/aris-disclaimer-0/