The latest announcement is out from Aris Mining ( (TSE:ARIS) ).
Aris Mining announced that the Colombian Ministry of Environment has established a Temporary Reserve Area in the Santurbán region, affecting the Soto Norte Project by suspending environmental licenses for two years. This resolution does not impact Aris Mining’s other operations. The company is advancing a smaller-scale version of the Soto Norte Project, aligning with environmental goals and supporting local miners, with development planned after expansions of other mines.
More about Aris Mining
Aris Mining, founded in September 2022, is a Latin America-focused gold mining company listed on the TSX and NYSE-A. The company operates two underground gold mines in Colombia, the Segovia Operations and the Marmato Upper Mine, and is involved in the Soto Norte joint venture and the Toroparu gold/copper project in Guyana. Aris Mining aims to increase its annual gold production to over 450,000 ounces with ongoing expansions.
YTD Price Performance: 3.99%
Average Trading Volume: 297,818
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$934.8M
See more data about ARIS stock on TipRanks’ Stock Analysis page.