ARIS MINING Q1 PRODUCTION ON TRACK TO DELIVER FULL YEAR 2024 GUIDANCE WHILE EXPANSION PROJECTS ADVANCE
Aris Mining Corporation Common Shares (ARMN)
Company Research
Source: PR Newswire
VANCOUVER, BC, April 15, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces its operating results for the three months ended March 31, 2024 (Q1 2024).Neil Woodyer, CEO of Aris Mining, commented "In line with our budget, our mines produced 50,768 ounces of gold in Q1. Plant throughput was slightly reduced in Q1 because of planned maintenance at the Segovia processing facility and we achieved averaged processed gold grades of 9.4 g/t, consistent with our Segovia mine plan. Our gold production is scheduled to increase from Q2 to Q4 as the Segovia mine plan progresses to higher-grade zones, and we are on-track to deliver full year 2024 production guidance of 220,000 to 240,000 ounces. In addition, we are pleased with the progress of the expansion projects at the Segovia and Marmato mines. Following completion of the expansions, Aris Mining is targeting 500,000 ounces of production in 2026.At the Segovia expansion project, which
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