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ARIS MINING INCREASES SEGOVIA GOLD MINERAL RESERVES BY +75% TO 1.3 MOZ AND ANNOUNCES PLANT EXPANSION TO INCREASE PRODUCTION RATE

Newswire.ca - Mon Nov 27, 2023

VANCOUVER, BC, Nov. 27, 2023 /CNW/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces updated mineral reserve estimates for its Segovia Operations in Colombia effective September 30, 2023 (the "2023 Mineral Reserve"). This updated mineral reserve estimate follows the updated mineral resource estimate announced on November 2, 2023 (See News Release from November 2, 2023). Aris Mining is also increasing the capacity of the Maria Dama processing plant within the Segovia Operations from 2,000 to 3,000 tonnes per day (tpd). As we have an existing unutilized ball mill on site, the costs for the plant expansion are estimated at $11.0 million and completion is expected by early 2025.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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