Aris Mining Corporation announces that it has published its 2023 Sustainability Report, which has been prepared in accordance with the Sustainability Accounting Standards Board (SASB) for the metals and mining industry.

Neil Woodyer, CEO of Aris Mining, commented, "We are pleased to present Aris Mining's 2023 Sustainability Report. In 2023, we made significant progress in our Environmental, Social, and Governance (ESG) initiatives, adhering to industry best practices for the benefit of our stakeholders. Of particular importance in this regard is our Contract Mining Partners (CMP) program, which contributes over 40% of our current gold production and is vital to our success in Colombia.

By partnering with CMPs, we develop a shared value initiative that not only generates profitability for both parties, but also presents a solution to the environmental and social complexities arising from informal and illegal mining that has historically been an issue in Colombia. By helping to formalize more than 3,000 miners.

To date and planning to formalize an additional 500 to 1,000 miners in 2024, we are driving responsible and safety focused mining practices that align with government policies, promote economic development, and strengthen the social fabric in the regions in which we operate while exercising due care for the environment. These partnerships represent the future of mining in Colombia and offer sustainable solutions to the challenges associated with informal and illegal mining."

About Aris Mining:

Aris Mining is a gold producer in the Americas, currently operating two mines with expansions underway in Colombia. The Segovia Operations and the Marmato Upper Mine produced 226,000 ounces of gold in 2023. Aris Mining is targeting a production rate of approximately 500,000 ounces of gold per year in the second half of 2026, following a ramp-up period after the Segovia mill expansion, scheduled for completion in Q1 2025, and the Marmato Lower Mine's first gold pour in late 2025.

Aris Mining also operates the 51% owned Soto Norte joint venture, where Feasibility level studies are underway on a new, smaller scale development plan, with results expected in early 2025. In Guyana, Aris Mining is advancing Toroparu, a gold/copper project.

Aris Mining intends to pursue acquisitions and other growth opportunities to unlock value through scale and diversification. Aris Mining promotes the formalization of traditional miners into contract mining partners as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.

 

Source: prnewswire.com

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