Aris Mining Corporation (Aris Mining) (TSX: ARIS) (OTCQX: TPRFF) Highest Close in 2 Weeks on the ARIS;
The $3.04 close is the highest since October 13th. Maybe the jaded seller lamenting the loss of the dividend is sold out? With the US dollar index closing below its 50 dma today, Gold may continue higher and bring a lift to the PM sector.
There are 556,000 shares short as of October 14th (per yahoo finance), which is 3 days of average trading volume. If they were smart, the covered under $3.
We should see the 3Q earnings report next month. I am hoping for a definitive gold production forecast for 2023 and 2024. Marmato underground operations and the mill capacity up grade at Segovia from 1500 to 2000 tpd, are near term drivers for the company.[/b[ by tobinator01 (sth)
Aris Mining appoints Mónica de Greiff as a member of the Board of Directors October, 04, 2022 VANCOUVER, BC, Oct. 4, 2022 /PRNewswire/ -
Aris Mining Corporation (Aris Mining) (TSX: ARIS) (OTCQX: TPRFF) announces that, effective October 1, 2022, Mónica de Greiff was appointed as an independent member of the Board of Directors, and as Chair of the Sustainability Committee of the Board.
ARIS Mining (CNW Group/Aris Mining Corporation)
Mónica de Greiff was a member of the GCM Mining board of directors from 2018 to 2020, when she left to accept the position of Colombian Ambassador to Kenya. She has held positions in both the public and private sectors, including as Minister of Justice for the Republic of Colombia and Vice Minister of Mines and Energy. Ms. de Greiff is also a former member of the Board of Directors of the United Nations Global Compact, the world's largest corporate sustainability initiative.
Ian Telfer, Chair of Aris Mining, stated "I am delighted to welcome Mónica to our Board of Directors. She brings considerable experience within Colombia and in the highly valued and important area of sustainability. We look forward to her contributions to our business as we continue to grow and enhance our commitment towards ESG."
About Aris Mining Aris Mining is a Canadian company led by an executive team with a track record of creating value through building globally relevant mining companies. In Colombia, Aris Mining operates several high-grade underground mines at its Segovia Operations and the Marmato Mine, which together produced 230,000 ounces of gold in 2021. Aris Mining also operates the Soto Norte joint venture, where environmental licensing is advancing to develop a new underground gold, silver and copper mine. In Guyana, Aris Mining is advancing the Toroparu Project, a gold/copper project with expected average gold production of 225,000 per year over the life of mine. Aris Mining plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.
Aris Mining promotes the formalization of small-scale mining as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.
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GOLD SURGES $55: Nomi Prins Says China & Russia Will Use Their Massive Gold Hoards To Form A New Currency November 05, 2022
KICK1 or anyone; please; what about; The Great Unwind II Nov 2, 2022 · Alasdair Macleod With price inflation rising out of control and interest rates rising strongly, the trading environment for commercial banks has fundamentally changed. With bad debts looming and bond prices in entrenched downtrends, procrastination is now the enemy of bankers.
We are at the beginning of The Great Unwind, and this article elaborates on my first article for Goldmoney on the subject published here.
We should see the 3Q earnings report next month. I am hoping for a definitive gold production forecast for 2023 and 2024. Marmato underground operations and the mill capacity up grade at Segovia from 1500 to 2000 tpd, are near term drivers for the company.[/b[
b]Aris Mining appoints Mónica de Greiff as a member of the Board of Directors October, 04, 2022 VANCOUVER, BC, Oct. 4, 2022 /PRNewswire/ -
Aris Mining Corporation (Aris Mining) (TSX: ARIS) (OTCQX: TPRFF) announces that, effective October 1, 2022, Mónica de Greiff was appointed as an independent member of the Board of Directors, and as Chair of the Sustainability Committee of the Board.
ARIS Mining (CNW Group/Aris Mining Corporation)
Mónica de Greiff was a member of the GCM Mining board of directors from 2018 to 2020, when she left to accept the position of Colombian Ambassador to Kenya. She has held positions in both the public and private sectors, including as Minister of Justice for the Republic of Colombia and Vice Minister of Mines and Energy. Ms. de Greiff is also a former member of the Board of Directors of the United Nations Global Compact, the world's largest corporate sustainability initiative.
Ian Telfer, Chair of Aris Mining, stated "I am delighted to welcome Mónica to our Board of Directors. She brings considerable experience within Colombia and in the highly valued and important area of sustainability. We look forward to her contributions to our business as we continue to grow and enhance our commitment towards ESG."
About Aris Mining Aris Mining is a Canadian company led by an executive team with a track record of creating value through building globally relevant mining companies. In Colombia, Aris Mining operates several high-grade underground mines at its Segovia Operations and the Marmato Mine, which together produced 230,000 ounces of gold in 2021. Aris Mining also operates the Soto Norte joint venture, where environmental licensing is advancing to develop a new underground gold, silver and copper mine. In Guyana, Aris Mining is advancing the Toroparu Project, a gold/copper project with expected average gold production of 225,000 per year over the life of mine. Aris Mining plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.
Aris Mining promotes the formalization of small-scale mining as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.
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Aris Mining Corporation (Aris Mining) (TSX: ARIS) (OTCQX: TPRFF) Highest Close in 2 Weeks on the ARIS;
The $3.04 close is the highest since October 13th. Maybe the jaded seller lamenting the loss of the dividend is sold out? With the US dollar index closing below its 50 dma today, Gold may continue higher and bring a lift to the PM sector.
There are 556,000 shares short as of October 14th (per yahoo finance), which is 3 days of average trading volume. If they were smart, the covered under $3.
We should see the 3Q earnings report next month. I am hoping for a definitive gold production forecast for 2023 and 2024. Marmato underground operations and the mill capacity up grade at Segovia from 1500 to 2000 tpd, are near term drivers for the company.[/b[ by tobinator01 (sth)
Aris Mining appoints Mónica de Greiff as a member of the Board of Directors October, 04, 2022 VANCOUVER, BC, Oct. 4, 2022 /PRNewswire/ -
Aris Mining Corporation (Aris Mining) (TSX: ARIS) (OTCQX: TPRFF) announces that, effective October 1, 2022, Mónica de Greiff was appointed as an independent member of the Board of Directors, and as Chair of the Sustainability Committee of the Board.
ARIS Mining (CNW Group/Aris Mining Corporation)
Mónica de Greiff was a member of the GCM Mining board of directors from 2018 to 2020, when she left to accept the position of Colombian Ambassador to Kenya. She has held positions in both the public and private sectors, including as Minister of Justice for the Republic of Colombia and Vice Minister of Mines and Energy. Ms. de Greiff is also a former member of the Board of Directors of the United Nations Global Compact, the world's largest corporate sustainability initiative.
Ian Telfer, Chair of Aris Mining, stated "I am delighted to welcome Mónica to our Board of Directors. She brings considerable experience within Colombia and in the highly valued and important area of sustainability. We look forward to her contributions to our business as we continue to grow and enhance our commitment towards ESG."
About Aris Mining Aris Mining is a Canadian company led by an executive team with a track record of creating value through building globally relevant mining companies. In Colombia, Aris Mining operates several high-grade underground mines at its Segovia Operations and the Marmato Mine, which together produced 230,000 ounces of gold in 2021. Aris Mining also operates the Soto Norte joint venture, where environmental licensing is advancing to develop a new underground gold, silver and copper mine. In Guyana, Aris Mining is advancing the Toroparu Project, a gold/copper project with expected average gold production of 225,000 per year over the life of mine. Aris Mining plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.
Aris Mining promotes the formalization of small-scale mining as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.
We should see the 3Q earnings report Nov. I am hoping for a definitive gold production forecast for 2023 and 2024. Marmato underground operations and the mill capacity up grade at Segovia from 1500 to 2000 tpd, are near term drivers for the company.
Aris Mining appoints Mónica de Greiff as a member of the Board of Directors October, 04, 2022 VANCOUVER, BC, Oct. 4, 2022 /PRNewswire/ -
Aris Mining Corporation (Aris Mining) (TSX: ARIS) (OTCQX: TPRFF) announces that, effective October 1, 2022, Mónica de Greiff was appointed as an independent member of the Board of Directors, and as Chair of the Sustainability Committee of the Board.
ARIS Mining (CNW Group/Aris Mining Corporation)
Mónica de Greiff was a member of the GCM Mining board of directors from 2018 to 2020, when she left to accept the position of Colombian Ambassador to Kenya. She has held positions in both the public and private sectors, including as Minister of Justice for the Republic of Colombia and Vice Minister of Mines and Energy. Ms. de Greiff is also a former member of the Board of Directors of the United Nations Global Compact, the world's largest corporate sustainability initiative.
Ian Telfer, Chair of Aris Mining, stated "I am delighted to welcome Mónica to our Board of Directors. She brings considerable experience within Colombia and in the highly valued and important area of sustainability. We look forward to her contributions to our business as we continue to grow and enhance our commitment towards ESG."
About Aris Mining Aris Mining is a Canadian company led by an executive team with a track record of creating value through building globally relevant mining companies. In Colombia, Aris Mining operates several high-grade underground mines at its Segovia Operations and the Marmato Mine, which together produced 230,000 ounces of gold in 2021. Aris Mining also operates the Soto Norte joint venture, where environmental licensing is advancing to develop a new underground gold, silver and copper mine. In Guyana, Aris Mining is advancing the Toroparu Project, a gold/copper project with expected average gold production of 225,000 per year over the life of mine. Aris Mining plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.
Aris Mining promotes the formalization of small-scale mining as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.
PennyStockAlert Welcome - Production Restart Will Make The Gold Project Be Worth Easy 10 Times More IMO! - Monument Mining Ltd Also Own The Murchison Gold Mines Project and it is very valuable to be more developed soon for milling restart -
The construction and commissioning of the new SELINSING GOLD Floatation Plant has diverted our attention - including the phase 2 drilling program , but that should change soon.
Our Murchison Gold Project is a premium asset that could be brought to resume production once cash flows from the Selinsing Gold mine begins to fill our coffers.
Just below the NOA #1 pit we struck bonanza gold of 4m of 32grams .
This was open to the east , the south and at depth , and ended in mineralization .
Very cheap to access by an existing decline ramp from the pit bottom . And literally a stone throw from our Burnakurra mill
.
Further , recent and historical drilling has shown that this rich basement lode under pit # 1 extends all the way from NOA pits 1 through 8 .
Average grades below pit #8 is in excess of 6 gms per ton which is very rich compared to 2.9 grams for nearby Big Bell
appear to be joined at depth and open to the north and south . Do they also have grades like NOA#1 at depth ? We also discovered potentially new resources at the Junction and have yet to even scratch the surface at the other 16 shallow targets . There is also a stockpile of decent grade ore near our Burnakura mill and enough high grade ore in the historic tailings dump a few kms away to get the mill going
Few other companies can only dream about these assets matched up with a fully operational mill.
Our 80 % partner ODY has made some truly amazing intersections at Tuckanarra and this current drill program should lead to a Feasability study.
We know that WestAim is drooling at these 4 tenements owned either 100% by us (2 ) and 20% of the other two with ODY.
We should get an update on our new drilling program when Q2 reports
$PSA History Often Repeat Itself - - GOD'S $Gold On Fire - $NEWS - $Monument Reports Second Quarter Fiscal 2023 ("Q2 FY2023") Results :-)) March 1, 2023 View PDF Gross Revenue of US$5.87 Million and Cash Cost of US$1,507/Oz
Vancouver, B.C., March 1, 2023, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its production and financial results for the second quarter of fiscal 2023 and the six months ended December 31, 2022. All amounts are expressed in United States dollars (“US$”) unless otherwise indicated (refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented, “I am pleased to report during the second quarter our Selinsing Gold Mine has filtered first gold concentrates with completion of dry/wet flotation plant commissioning. The ramp up period commenced subsequent to the second quarter yet to bring the project to commercial production.”
Gold Production @ Low Cost & Very Undervalued Bargain - Thanks - WELL; Monument Mining HAVE 3 GOLD MILLS NOW - And :-)) Selinsing have One BIOX and One New SULPHIDE - :-))
Well Monument Mining have produced 1000 Gold Bars - :-)) and the next 1000 Gold Bars should go much faster with the new MILL - :-))
RE: NEWS - Monument Mining President and CEO Cathy Zhai commented, “During commissioning we have identified some bottlenecks and are working with Mincore to fix them. Up to date the flotation plant has delivered saleable concentrate of approximately 1,707 dry tonnes at 35.12 g/t Au with gold content of 1,928 troy ounces. :-))
As of February 22nd, 2023, a total of 1,707 dry metric tonnes of gold concentrate have been produced with an average gold grade of 35.12 g/t Au (1,928 troy ounces).
A fast Production Gold Au Estimate DD by a Monument Mining Investor: - Ex.gracia -
Scoping of concentrate Production…52,000 ounces
We have some very interesting tidbit provided in todays NR which can be combined with FS information to scope out annual concentrate production
...950,000 tons of mill feed per year ( about 3000 tpd )
....Mass pull of 5% ( ie 100 tons of ore is concentrated by a factor of 20 to 5 tons of concentrate )
..head .grade of 1.95 gms per ton ( oxides removed )
....recovery of 85%
So , we have 1.95 gms/ ton. X 20 X 85 % = 35 gms per ton which is spot on the performance reported today.
950,000 tons of head feed is concentrated by a factor of 20 ( ie Mass pull of 5% ) to 47000 tons of concentrate containing 1.1 ounces of gold per ton .
This computes to about 52,000 ounces of gold per year contained within 47000 tons of gold concentrate
The Feasability Study included Biox and also oxides .
It quoted 60.000 ounces per year in the initial years of production .
So, removing the oxides from the mill feed and 53,000 ounces of sulphide gold produced per year seems quite good and meets breast plate production rates.
Reducing production by about 10 % for smelting and transportation costs and our net gold sales will be about 48,000 ounces per year which at current POG of $2259 CAD per ounce will result in about $105 million CAD in annual revenues.
The FSR analyst report calculated a 30% cash flow margin which is just over $30 million CAD per year.
As we have nearly $45 million US in forward non capital tax loss pools to offset income taxes, that amount ($30 m CAD ) is essentially free cash flows.
There will be need for sustaining capital , so remove $5 million for that and we have about $25 million or about $0.08 per share in free cash flows or equivalently in the absence of taxes, net earnings
This gets us to about book value of $0.48 per share at a very modest 6 times annual earnings
So todays NR provided an excellent insight into our FP production outlook . As importantly , it confirms and conforms quite well with the 2019 Feasability Study which is quite reassuring.
Considering that we have over $75 million in asset value in our Murchison Project, Monument is now a screaming buy.
" As of February 22, 2023, a total of 1,707 tonnes of flotation concentrate have been produced at an average grade of 35.12 g/t Au...1928 ounces of gold"
Comment on this Post
(All time best to make your own DD)
Welcome ; Can we produce/ sell 10,000 ounces in Q3 Q3 is this quarter ending March 31/23. We have 30 days in March to do so .
Head feed is 3000 tons per day, so if all goes well, we should produce 90,000 tons of ore in March.
With a mass pull of 5%, that will result in about 4500 tons of concentrate , containing 1.1 ounces per ton which is about 5000 ounces of gold.
We have already produced 1829 ounces to date during ramp it , up to a week or so ago.
Now, we have ....recalling from memory ..about 3000+ ounces of bullion in Inventory that was saved from Q2 and Q3 production in F22..
So, with breast plate production of about 5000 ounces for March....if no more significant hiccups.. and nearly 2000 ounces in the bag already , along with over 3000 ounces of bullion in our vaults, we could see up to 10,000 ounces sold in Q3...?..if all going good -
About $23 million in gross sales .
The FSR projected 22,000 ounces in F 2023.
That looks reasonably certain right now....if ramp up proceeds without any major hiccups.
This is the best news we have had - so.. more Great PR NEWS this week at PDAC should be made -
Company Profile & Information (TSXV:MMY) Contact Information Address 1100 Melville Street, Suite 1580, Vancouver, BC, CA, V6E 4A6 Telephone +1 604 638-1661 Website http://www.monumentmining.com Fax +1 604 638-1663 Email info@monumentmining.com Details CEO Cathy Zhai
Issue Type Common Stock ISOCFI ESVUFR Auditor GRANT THORNTON LLP Last Audit Unqualified Opinion
Well we have produced 1000 Gold Bars - :-)) and the next 1000 should go much faster with the new MILL - :-))
$GOLD Mining Update - GOLD WEEKLY - Unless something dramatically changes, we have a weekly breakout in gold. A 50% rally succeeded a similar breakout in 2019.
GOLD DAILY- Gold is finally breaking above $2100, and I believe we are in the initial stages of a powerful multi-month rally. This cycle should press to the upside into late April or early May.
RESTART GREAT GOLD MINE - ABCOURT MINES | Red Cloud's Pre-PDAC 2024 - Red Cloud TV
Excellent TA of Price of GOLD - POG….$2600.. Valuations to Triple Indicators Show Gold is About to Run Up and Gold Stocks Will Go Even Higher: Michael Oliver Natural Resource Stocks
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In This Article: MMTMF +11.23% $Monument Mining Monument Mining Monument Mining
$Revenue of US$11.00 Million and Cash Cost of US$894/Oz
VANCOUVER, British Columbia, March 01, 2024 (GLOBE NEWSWIRE) -- $Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its second quarter of fiscal 2024 production and financial results for the three and six months ended December 31, 2023. All amounts are expressed in United States dollars (“US$”) unless otherwise indicated (refer to www.sedar.com for full financial results).
Stock Screener: Ep. 390: $Monument Mining (MMY.V): Q2 Fiscal 2024 Earnings Albert S 6.9K
19,000 ounces Produced, 15000 ounces Sold Imagine what this mine will do when fully tuned to capacity ..
tdate, the flotation plant has produced over 16,000 tonnes of concentrates at a grade of 37 grams per tonne gold.
( 16,000 tons times 1.2 ounces per ton = 19,000 ounces valued at $45 m in CAD
Shipments have been made to three separate buyers, and negotiations continue with several potential new customers.
To date, over 12,500 tonnes of concentrate have been delivered to Johor and Port Klang free zones.
( 12500 tons times 1.2 ounces per ton = 15,000 ounces worth $37 million in CAD
Export permits have been renewed with the relevant state authorities as required
. Transport of the latest delivery of 3,500 wet metric tonnes to Port Klang free zone has been completed with vessel to depart in mid-January, 2024.
( 3500 tons times 1.2 ounces per ton = 4200 ounces worth $11 m cad
Sale of a further 3,000 tonnes of concentrate currently available has been finalized, and shipment preparation of the concentrate to the port is in progre
3000 tons times 1.2 ounces per ton = 3600 ounces worth $9 milliin cad
Add it all up.
We are coming along a bit slower than expected but we are well into robust cash flows and increasing our cash balance by nozzpackon Jan 19, 2024
$Murchison Historical Resources The Murchison portfolio contained historical resources of - 644koz at the time of acquisitions. Monument is systematically performing all the necessary work to convert and validate these historical resources into current resources under NI43-101 guidelines. A breakdown of the historical resources is detailed in the table below
NI 43-101-Indicated Resources 293 koz Au NI 43-101-Inferred Resources 88 koz Au Historical Resources** 644 koz Au