Aris Mining Updates Board and Senior Management Structure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
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Aris Mining announced an update to its board and senior management structure. Ian Telfer has retired from the board of directors and stepped down as chair of Aris Mining. Telfer has served as Chair since February 2021. Following his retirement from the board, Telfer will continue in an advisory capacity to support Aris Mining and the board with the company's continued growth. Neil Woodyer, founder of Aris Mining, has been appointed chair and CEO. David Garofalo has been appointed to the newly created role of lead independent director. As part of this realignment, the COO role has been eliminated, and Richard Thomas has departed the company. All board and management changes announced herein are effective immediately.
Analyst Views on ARMN
Wall Street analysts forecast ARMN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARMN is 16.02 USD with a low forecast of 15.48 USD and a high forecast of 16.56 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 20.260
Low
15.48
Averages
16.02
High
16.56
Current: 20.260
Low
15.48
Averages
16.02
High
16.56
About ARMN
Aris Mining Corporation is a Canada-based South America-focused gold mining company. The Company operates two underground gold mines in Colombia: the Segovia Operations and the Marmato Complex. In Guyana, the Company owns the Toroparu gold project. The Company also owns the Soto Norte gold project. The Segovia Operations are 100% owned by the Company and located in a historic mining district of Colombia. The operations include four underground mines and two processing facilities. The Marmato Complex is 100% owned by the Company and is located in a historic mining district of Colombia. The Marmato Complex comprises two distinct zones: Narrow Vein Zone and Bulk Mining Zone. The Narrow Vein Zone is an underground mine in operation. The Bulk Mining Zone is under construction. The Toroparu Project is a 100%-owned, advanced-stage open pit gold project in Guyana. The Soto Norte Gold Project is located in the historic California - Vetas mining district of Colombia’s Santander Department.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
