Aris Mining Updates Segovia Mineral Estimates, Increases Gold Reserves by 12%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17h ago
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Source: PRnewswire
- Resource Estimate Enhancement: Aris Mining's updated Segovia mineral estimates reveal a 7% increase in measured and indicated resources and a 12% rise in inferred resources, underscoring the exceptional potential and long-term value creation of this high-grade asset.
- Significant Reserve Growth: The updated estimates show a 12% increase in proven and probable reserves, equating to 160,000 ounces, which reinforces Segovia's long mine life and supports higher production rates, particularly following the mill expansion.
- Transparent Price Assumptions: The company selected a gold price of $3,200 per ounce for resource reporting and provided a sensitivity analysis ranging from $2,100 to $3,200, demonstrating that the Segovia mineral resource is largely insensitive to gold price assumptions, reflecting its strong economic fundamentals.
- Future Production Goals: Aris Mining aims to exceed an annual production rate of 500,000 ounces of gold through the commissioning of a second mill at Segovia, further driving the company's growth and expansion in the South American market.
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.
