Aris Mining Unveils Strong Prefeasibility Study for Soto Norte
Understanding the Recent Prefeasibility Study for Soto Norte
Aris Mining Corporation has recently announced encouraging findings from its prefeasibility study (PFS) for the Soto Norte Gold Project. As a 51% owner of this high-potential project, Aris Mining is positioning itself strongly in the mining sector. This study emphasizes robust economic viability alongside environmental and community considerations, showcasing Soto Norte's bright future.
Project Highlights and Key Metrics
Economic Viability at the Core
The prefeasibility study conducted on the Soto Norte Gold Project indicates a significant potential with a mill capacity designed for 3,500 tonnes per day (tpd). This is a reduction aimed at enhancing sustainability while maintaining strong economic returns. This design allows for an extended mine life of over 22 years while minimizing construction risks.
Key findings from the study include:
- Measured and indicated resources totaling 39 million tonnes at an impressive grade of 5.55 grams of gold per tonne, equating to 7 million ounces.
- Proven and probable reserves of 20.3 million tonnes at a grade of 7.00 grams per tonne, supporting a sustainable production plan.
- Significant projected production outputs, including concentrates containing 4.3 million ounces of gold, alongside substantial silver and copper by-products.
Profitability Metrics Indicating Strong Returns
Underpinned by a base-case gold price of $2,600 per ounce, the project anticipates life-of-mine payable sales of around $10.4 billion. Moreover, forecasts indicate an after-tax net present value (NPV) of approximately $2.7 billion with an impressive internal rate of return (IRR) of 35.4% and a short payback period of just over 2 years.
Additionally, the mine's operational cash costs are projected at only $345 per ounce, well-positioning Soto Norte for profitability even in fluctuating market conditions.
Commitment to Environmental Responsibility
Community-Centric Mining Practices
A significant aspect of Aris Mining's approach involves social responsibility within the local mining community. The prefeasibility study allocates over 20% of the processing capacity to local community miners, fostering safer and more regulated mining practices. This initiative aims to phase out harmful informal mills, replacing them with environmentally friendly alternatives.
Moreover, all water used in mining at Soto Norte is projected to be carefully managed, treated, and returned to local water systems, ensuring minimal environmental impact and improved water quality.
Innovative Water Management Strategies
The study details a sophisticated water management plan that allows for up to 96.5% of water used in the mining process to be recycled. Such measures are designed to minimize freshwater consumption while ensuring responsible stewardship of local aquatic ecosystems.
Conclusion: A Sustainable Future for Aris Mining
As Aris Mining continues to enhance its operations and sustainable practices at the Soto Norte Gold Project, it is clear that the company holds a promising future in the mining landscape. With plans for environmental studies and an application for an environmental license slated for next year, they are working diligently to uphold the highest environmental and operational standards. Soto Norte is being recognized for its potential to become a leader in responsible gold mining in the Americas.
Frequently Asked Questions
What is the Soto Norte Gold Project?
The Soto Norte Gold Project is a mining initiative by Aris Mining Corporation, emphasizing sustainability and profitability through innovative mining practices.
What were the main results from the recent PFS?
The PFS indicated robust financial metrics including a projected cash cost of $345 per ounce and an impressive after-tax NPV of $2.7 billion.
How does Aris Mining support local communities?
Aris Mining allocates processing capacity to local miners, ensuring community involvement while promoting safe practices and environmental responsibility.
What is the significance of water management in the PFS?
The PFS includes strong water management practices aiming for over 96% water reuse, minimizing freshwater demand and enhancing ecological protection.
What is the timeline for the next steps regarding Soto Norte?
Aris Mining plans to submit its environmental license application in early 2026 while completing necessary environmental studies.
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