Aris Mining Corporation - ARMN STOCK NEWS

Aris Mining (TSX: ARIS) (NYSE-A: ARMN) has announced the pricing of US$450 million in 8.000% Senior Notes due 2029. The offering is expected to close around October 31, 2024. The company plans to use the proceeds to redeem its outstanding 6.875% Senior Notes due 2026 and for working capital purposes. The Notes will be offered to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons under Regulation S. In Canada, the Notes will be offered through private placement.

Aris Mining (TSX: ARIS) (NYSE-A: ARMN) has announced the launch of a US$400 million Senior Notes offering due 2029. The company intends to use the net proceeds to fund the redemption of its outstanding 6.875% Senior Notes due 2026 and for working capital and general corporate purposes. Aris Mining will issue a conditional notice of redemption for the 2026 Notes, subject to the successful completion of the new offering.

The Notes will be offered and sold in the United States to qualified institutional buyers under Rule 144A of the Securities Act, and to non-U.S. persons outside the United States under Regulation S. In Canada, the Notes will be offered on a private placement basis. The offer and sale of the Notes will not be registered under the Securities Act, and they may not be offered or sold in the U.S. without registration or an applicable exemption.

Aris Mining (TSX: ARIS) (NYSE-A: ARMN) reports Q3 2024 gold production of 53,608 ounces, a 9% increase from Q2 2024. Segovia produced 47,493 oz and Marmato Upper Mine 6,115 oz. The company has made significant progress on expansion projects:

1. Segovia Expansion: Phase 1 completed with expanded receiving area commissioned. Phase 2 on track for Q1 2025 completion.

2. Marmato Lower Mine: Construction advancing on schedule, crossed 25% spend threshold.

3. Updated Segovia mineral resource and reserve estimates as of July 31, 2024, showing growth in resources and full replacement of reserves.

Aris Mining targets Segovia gold production of 185,000-195,000 oz in 2024, 250,000 oz in 2025, and over 300,000 oz in 2026. The company aims to achieve an annual gold production rate of approximately 500,000 oz by H2 2026.

Aris Mining (TSX: ARIS) (NYSE-A: ARMN) has released its 2023 Sustainability Report, highlighting significant progress in Environmental, Social, and Governance (ESG) initiatives. Key achievements include:

• The Contract Mining Partners (CMP) program, contributing over 40% of gold production
• Formalizing over 3,000 miners, with plans to formalize 500-1,000 more in 2024
• Establishing a Management Sustainability Committee
• Joining the UN Global Compact and endorsing Women's Empowerment Principles
• Creating an $11 million trust fund for environmental rehabilitation in Marmato
• Investing $10.2 million in social and environmental projects
• Achieving a 75% reduction in Lost Time Injuries
• Awarding 875 Colibri scholarships at a bilingual school in Segovia

The report, prepared according to SASB standards, demonstrates Aris Mining's commitment to responsible mining practices and sustainable development in Colombia.

Aris Mining has reported its financial results for H1 2024, highlighting net earnings of $5.0M, adjusted earnings of $18.1M ($0.12/share), and EBITDA of $53.2M. The company produced 99,983 ounces of gold during this period and is on track to meet the lower end of its annual gold production guidance of 220,000-240,000 ounces.

Notable projects include the expansion of the Segovia operations and construction of the Marmato Lower Mine, with the Segovia plant operating at its design capacity and set for further expansion by early 2025. The company invested $70M in growth projects, including $7.5M in exploration.

The Segovia operation's cash cost per ounce for owner mining was $1,222. For On-Title CMP operations, it was $1,174, with total project AISC expected to range from $1,400 to $1,500 per ounce. Construction of the Marmato Lower Mine is within budget and expected to cost $246M, partly funded by stream financing.

Future projects include the Soto Norte Project with a feasibility study expected in early 2025, targeting significant production increases by 2026.

Aris Mining (TSX: ARIS) (NYSE-A: ARMN) has announced high-grade drill results from its ongoing 2024 exploration program at the Segovia Operations in Colombia. The program, now 70% complete, has revealed significant gold intersections, confirming the continuity and extension of large-scale veins. Notable findings include:

- Cristales: 0.25 m at 137.78 g/t Au
- El Silencio: 0.48 m at 61.82 g/t Au
- Surface drilling: 0.19 m at 812.16 g/t Au

These results are expected to lengthen the mine life and provide low-cost mill feed for the ongoing processing plant expansion. The company anticipates significant additions to inferred mineral resources, particularly at Cristales, with potential to connect to the El Silencio vein systems.

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.