Safe Recovery and Operations Update from Aris Mining Corporation
Successful Recovery of Miners at La Reliquia Mine
Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) has successfully rescued all 23 workers who were underground during a recent mining incident at the La Reliquia Mine. The swift action of the company's Brigade of Prevention and Emergency Control ensured that all individuals were brought to the surface without injuries, providing peace of mind to their families and the surrounding community.
Leadership Response and Community Support
Neil Woodyer, the CEO of Aris Mining, expressed his gratitude for the successful rescue operation. "We are relieved and grateful that all workers are now safely at surface," he stated. Woodyer commended the dedication and professionalism of the rescue team and the operational crew at La Reliquia, while also acknowledging the patience of the families and local community during this challenging time.
Impact on Mining Operations
The La Reliquia Mine, a partner of Aris Mining's Segovia Operations since 2014, plays a vital role in contributing to the overall production strategy. Fortunately, this incident did not affect the normal mining operations at Segovia, which continues to function efficiently and meet production targets, ensuring that business remains strong.
About Aris Mining: Vision and Growth
Established in September 2022, Aris Mining aims to become a leading gold mining company focused on Latin America. The company’s strategy combines active production, cash flow generation, and future growth through the expansion of its operational assets and development projects. With a commitment to operational excellence and financial discipline, Aris Mining is dedicated to enhancing its value through greater scale and diversification.
Current Operations and Future Goals
Aris Mining operates two underground gold mines in Colombia: the Segovia Operations and the Marmato Complex. In 2024, these mines collectively produced 210,955 ounces of gold. The company is expanding its capabilities and is targeting an impressive annual production goal of more than 500,000 ounces of gold. This ambition includes the commissioning of its second mill at Segovia, which was completed in June and is expected to ramp up production during the second half of 2025.
Innovative Projects on the Horizon
In addition, the Marmato Complex is set to initiate the construction of the Bulk Mining Zone, projected to enhance production significantly by the latter half of 2026. Furthermore, the company holds a 51% interest in the Soto Norte joint venture, where a completed Preliminary Feasibility Study (PFS) highlights the project’s excellent potential and robust economics, placing it as a long-term asset in the portfolio. Aris Mining is also advancing the Toroparu gold/copper project in Guyana, where a new Preliminary Economic Assessment (PEA) is underway.
Commitment to Sustainable Mining Practices
Colombia is a country rich in high-grade gold deposits, and Aris Mining enthusiastically engages in partnerships with local small-scale mining operations. These collaborations are designed to foster safe, legal, and environmentally responsible mining practices that benefit both the communities involved and the industry as a whole.
Connect with Aris Mining
Additional information about Aris Mining’s operations and vision can be accessed on their official website. The company continues to focus on transparency and governance, ensuring that stakeholders are informed of ongoing developments and future plans.
Frequently Asked Questions
What happened at La Reliquia Mine?
All 23 workers underground during the incident were successfully rescued without injury.
Who is the CEO of Aris Mining?
Neil Woodyer is the CEO of Aris Mining Corporation.
How long has La Reliquia Mine been operational?
La Reliquia Mine has been a vital part of the Segovia Operations since 2014.
What is Aris Mining's production goal for the future?
Aris Mining is targeting an annual production rate of over 500,000 ounces of gold.
How does Aris Mining engage with local communities?
The company actively partners with small-scale mining operations in Colombia to promote responsible practices.
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