VANCOUVER, BC, March 5,
2025 /CNW/ - Aris Mining Corporation (Aris
Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces that
the Colombian Ministry of Environment has completed the public
consultation process initiated in November
2024 in respect of the resolution establishing a Temporary
Reserve Area (TRA) in the Santurbán region of the Santander
Department, where the Soto Norte Project is located. Effective
March 4th, this resolution allows the
Ministry of Environment to evaluate water resources in the area and
temporarily suspend the issuance of environmental licenses for two
years. As previously announced, this resolution does not affect
Aris Mining's Segovia Operations, the Marmato Mine or the Lower
Mine Project, all of which are licensed and located outside the
designated study area.
Neil Woodyer, CEO of Aris Mining,
commented "Following the start of the consultation process for the
proposed TRA that we announced in November
2024, Aris Mining has continued to advance environmental and
technical studies of a smaller-scale version of the Soto Norte
Project, with completion expected by mid-2025. Once finalized and
with significant local support for the project from the Soto Norte
community, we look forward to engaging with the Ministry of
Environment and its new leadership, as our redesigned project
aligns with the resolution's focus on environmental protection. We
are taking a new approach compared to previous permitting
submissions, featuring scaled-down mining operations and processing
facilities, a reduced environmental impact, and new processing
options to support local small-scale miners. Building on our
successful partnerships with small-scale miners at our other
Colombian mine sites, the Soto Norte Project offers a responsible
solution to reduce existing harm from unauthorized mining
activities in the Santurbán region."
The Soto Norte Project remains several years away from
development and is planned to commence following the completion of
the ongoing expansions of our Segovia and Marmato Mines.
About Aris Mining
Founded in September 2022, Aris
Mining was established with a vision to build a leading
Latin America-focused gold mining
company. Our strategy blends current production and cashflow
generation with transformational growth driven by expansions of our
operating assets, exploration and development projects. Aris Mining
is listed on the TSX (ARIS) and the NYSE-A (ARMN) and is led by an
experienced team with a track record of value creation, operational
excellence, financial discipline and good corporate governance in
the gold mining industry.
Aris Mining operates two underground gold mines in Colombia: the Segovia Operations and the
Marmato Upper Mine, which together produced 210,955 ounces of gold
in 2024. With expansions underway, Aris Mining is targeting an
annual production rate of more than 450,000 ounces of gold
following the ramp-up of the Segovia mill expansion, expected
during the second half of 2025, and the new Marmato Lower Mine,
which is expected to ramp up in 2026. In addition, Aris Mining
operates the 51% owned Soto Norte joint venture, where studies are
underway on a new, smaller scale development plan, with results
expected in mid-2025. In Guyana,
Aris Mining owns the Toroparu gold/copper project, further
diversifying its asset portfolio.
Colombia is rich in high-grade
gold deposits and Aris Mining is actively pursuing partnerships
with the Country's dynamic small-scale mining sector. With these
partnerships, we enable safe, legal, and environmentally
responsible operations that benefit both local communities and the
industry.
Aris Mining intends to pursue acquisitions and other growth
opportunities to unlock value through scale and
diversification.
Additional information on Aris Mining can be found at
www.aris-mining.com, www.sedarplus.ca, and on www.sec.gov.
Forward-Looking Information
This news release contains "forward-looking information" or
"forward-looking statements" within the meaning of Canadian
securities legislation. All statements included herein, other than
statements of historical fact, are forward-looking statements,
including, without limitation, statements relating to the purpose,
timing and impact of the TRA, the Company's plans and proposed
timing related to the Soto Norte Project, the benefits of the
Company's partnership model with small-scale minors, compliance of
the Company's revised development plan with environmental standards
and the TRA, the potential economic and environmental benefits of
the Soto Norte Project, anticipated production growth, timing of
the completion of the Segovia mill expansion and the ramp-up of the
Marmato Lower Mine. Generally, the forward-looking information and
forward looking statements can be identified by the use of forward
looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate",
"will continue" or "believes", or variations of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". The material factors or assumptions used to develop
forward looking information or statements are disclosed throughout
this news release.
Statements concerning mineral resources and mineral reserve
estimates may also be deemed to constitute forward looking
information to the extent that they involve estimates of the
mineralization that will be encountered.
Forward looking information and forward looking statements,
while based on management's best estimates and assumptions, are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of Aris Mining to be materially different from
those expressed or implied by such forward-looking information or
forward looking statements, including but not limited to those
factors discussed in the section entitled "Risk Factors" in Aris
Mining's Annual Information Form dated March
6, 2024 which is available on SEDAR+ at www.sedarplus.ca and
in the Company's filings with the SEC at www.sec.gov. These factors
should be considered carefully, and readers should not place undue
reliance on the Company's forward-looking statements. The Company
has no intention and undertakes no obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
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SOURCE Aris Mining Corporation
