Business
Aris Mining To List Common Shares On NYSE American, Driven By Our Growth And Project Advancements
VANCOUVER, BC, Sept. 6, 2023 /CNW/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (OTCQX: TPRFF) announces that it has received approval to
About this update from Aris Mining Corp
[{"type":"text","content":" VANCOUVER, BC, Sept. 6, 2023 /CNW/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (OTCQX: TPRFF) announces that it has received approval to list its common shares on the NYSE American LLC (NYSE American). Since the launch of Aris Gold two years ago, Aris Mining has grown to include two operating mines producing over 230,000 ounces of gold per year and generated US$153 million of Adjusted EBITDA1. The Company's growth continues with the in-progress construction of the Marmato Lower Mine, following receipt of permits in July 2023. Aris Mining is also advancing the Soto Norte gold/copper project, which is positioned to become one of Colombia's largest and most advanced underground mines. Neil Woodyer, CEO of Aris Mining, commented \"Listing Aris Mining on the NYSE American will increase our visibility to investors in the United States and internationally. We are optimizing our operations with a focus on cash flow generation, extending mine life, building new mines, and exploring acquisitions. Aris Mining has a strong balance sheet and we believe we are on track to produce 400,000 ounces of gold in Colombia in 2026, based on steady-state production from our Segovia Operations and the expanded Marmato Mine. As we step forward, our strategy is centered around the belief that successful mining in Colombia hinges on our collaboration with and support of local Artisanal and Small-Scale Miners.\" Trading of the Company's common shares on the NYSE American is expected to commence on or about Thursday, September 14, 2023 under the symbol \"ARMN\", with trading on the OTCQX to cease concurrent with the NYSE American listing. The Company will remain listed on the Toronto Stock Exchange under the symbol \"ARIS\". About Aris Mining Aris Mining is a gold producer in the Americas with a growth-oriented strategy. In Colombia, Aris Mining operates several high-grade underground mines at its Segovia Operations and the Marmato Mine, which together produced 235,000 ounces of gold in 2022. Aris Mining is currently advancing the Marmato Lower Mine Expansion project, which will provide access to wider porphyry mineralization below the current Upper Mine. Aris Mining plans to pursue acquisitions and other growth opportunities to unlock value creation from scale and diversification. Aris Mining ...