#Canada #Vancouver #Aris Mining #McFarlane Lake #Juby Gold

Aris Mining's Strategic Shift in the Gold Market

Aris Mining Corporation, listed on both the TSX (ARIS) and NYSE-A (ARMN), has announced the completion of its strategic divestiture of the Juby Gold Project, which is located in Ontario, Canada. The deal was made with McFarlane Lake Mining Limited, totaling a hefty consideration of $22 million. This financial transaction involved Aris receiving $13.2 million in cash along with 82,023,746 common shares, which represents 19.9% of McFarlane's equity post-financing, at a price of C$0.15 per share.

This move is in line with Aris Mining's vision to concentrate more on its high-growth operations in regions like Colombia and Guyana, where there is substantial potential for increased gold production. By shedding the Juby Gold Project, the company aims to enhance its focus on more productive assets and maximize shareholder value.

About Aris Mining

Founded in September 2022, Aris Mining is focused on establishing itself as a leading player in the Latin American gold mining sector. The company's strategy revolves around a blend of immediate cash flow generation and long-term transformative growth. They plan to achieve that through the expansion of operating assets and various exploration and development projects. Backed by an adept team familiar with the nuances of the gold mining industry, Aris Mining is intent on unlocking value and achieving a diversified portfolio.

Currently, Aris Mining operates two underground gold mines in Colombia: the Segovia Operations and the Marmato Complex. Together, these mines have produced 210,955 ounces of gold in 2024 alone. Aris Mining is targeting an impressive annual production rate exceeding 500,000 ounces once the second mill at Segovia comes online and the construction of the Bulk Mining Zone at Marmato ramps up, expected to take place in the latter half of 2026.

Additionally, the company is involved in the Soto Norte project, where it holds a 51% stake in a joint venture, confirming its viability through a recently completed Prefeasibility Study (PFS), emphasizing robust economics and industry-leading environmental practices.

Future Directions

Meanwhile, Aris Mining is also advancing its Toroparu gold/copper project in Guyana, currently undergoing a new Preliminary Economic Assessment. Recognizing Colombia's richness in high-grade gold deposits, Aris Mining is augmenting its efforts to form strategic partnerships with the vibrant small-scale mining sector within the country. This initiative underscores a commitment to engage in safe, legal, and environmentally responsible mining practices that serve both local communities and the overarching industry.

While the Juby project may no longer be a part of their portfolio, Aris Mining's focus on growth strategies and dedication to sustainable mining practices positions it well to navigate the complexities of the global gold market. This divestiture marks merely another stepping stone as they aim to scale up their operations and pivot towards regions exhibiting significant growth potential.