Gold Breaks Out of Inside Day: Bullish Momentum Building By: Bruce Powers | November 3, 2023
• Amid strong upward movement, gold targets a breakout above the trend high, setting the stage for a possible new record monthly close in November.
Gold broke out of yesterday’s inside day today on a rise above 1,991. It subsequently reached a three-day high of 2,004. A daily close above 1,991 will confirm the inside day breakout and a close above the three-day high of 1,984 shows further strength. Further, for the short term, a daily close above the middle of today’s range around 1,994 will show greater strength than a close below that level.
ARIS MINING INCREASES SEGOVIA OPERATIONS' MEASURED AND INDICATED MINERAL RESOURCES BY +114% TO 3.6 MOZ AT 14.34 g/t AU November 02, 2023
VANCOUVER, BC, Nov. 2, 2023 /PRNewswire/ -
Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE: ARMN) announces updated mineral resource estimates for its Segovia Operations in Colombia effective September 30, 2023 (the "2023 MRE"). Aris Mining will file an updated technical report in support of the 2023 MRE within 45 days of this news release.
Neil Woodyer, CEO of Aris Mining, commented "In early 2023, Aris Mining launched a strategic exploration and infill drill program at the Segovia Operations and a review of the geological interpretation and resource estimation methodology. After assessing the findings of our reviews as well as our impressive mid-year drilling results (see News Release from August 16, 2023), we decided to expedite the process of updating our mineral resource and mineral reserve estimates. Segovia has a history of expanding its gold resources and this current estimate represents a leap forward. We are now in the process of updating the mineral reserve estimates, which is expected to be completed by the end of November."
Figure 1: Growth of gold mineral resources (in million of ounces or Moz), net of production depletion1
28M oz $Gold in Columbia, Guyana, and Canada | $Aris Mining Interview ceo bbq This is an interview with Aris Mining's senior vice president, Tyron Breytenbach. Aris Mining is a gold producer with 2 producing mines in Columbia, 1 development project in Columbia, 1 development project in Guyana, and 1 development project in Canada.
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