Business
Aris Gold Announces Q3 2021 Financial and Operating Results
VANCOUVER, BC, Nov. 10, 2021 /CNW/ - Aris Gold Corporation (Aris Gold or the Company) (TSX: ARIS) (OTCQX: ALLXF) reports financial and operating results for the
About this update from Aris Mining Corp
[{"type":"text","content":" VANCOUVER, BC, Nov. 10, 2021 /CNW/ - Aris Gold Corporation (Aris Gold or the Company) (TSX: ARIS) (OTCQX: ALLXF) reports financial and operating results for the three and nine months ended September 30, 2021. All amounts are in US dollars, unless otherwise indicated. Q3 2021 Highlights Highlights for Q3 2021 were focused on the continued advancement of the Lower Mine project, with the following notable developments: The project team completed several Lower Mine optimizations with Wood PLC, the EPCM contractor, and are finalizing the detailed design. Aris Gold continued with the 35,000-metre infill and exploration drill program at Marmato. The final six drillholes of that program are underway. Expenditures of $5.4 million were incurred on the Lower Mine in Q3 2021, including $4.1 million related to early works, land acquisitions, and technical studies, $0.7 million related to the 35,000-metre drilling campaign, and $0.6 million related to owner costs and other related costs. Aris Gold published its inaugural Sustainability Report highlighting the Company's approach and performance on a range of material environmental, social and governance (ESG) topics and the adoption of a new ESG governance strategy, as well as the Company's plans and priorities for 2021 and beyond. Performance optimization activities at the Marmato Upper Mine included a comprehensive review of operations management, administrative and organizational structures. The regional office in Medellin has been closed and teams have been relocated to the Marmato mine. Preventive maintenance, productivity improvements, and cost management programs have been initiated. Aris Gold's COVID-19 vaccination program has resulted in over 96% of its employees, along with many others in the local communities around the Marmato mine, being vaccinated at this time. In addition, Aris Gold completed the 10,000-metre drill program at the Juby project in Q3 2021. Juby is an advanced exploration stage gold project in the Abitibi greenstone belt of Ontario, Canada. The objective of the drill program was to expand the known open pit mineral resources and test areas that may host higher-grade zones. Core sample assays have been submitted to an analytical laboratory for review, and results are expected in the fourth quarter of 2021. Financial and Operating Highlights In the three and ni...