Aris Mining Updates Early Warning Report in Respect of Seasif Exploration
Aris divests its Seasif stake to fund the Marmato ramp and Toroparu pre-feasibility study.
Aris Mining Corporation sold 15,500,000 common shares of Seasif Exploration Inc. through a privately brokered transaction at a price of C$0.005 per share, generating aggregate gross proceeds of C$77,500. The sale reduced Aris’s ownership stake in Seasif from approximately 20.4% to 9.8% of the issued and outstanding shares.
The company stated that the transaction was conducted for ordinary course investment portfolio management and that Aris does not seek to influence the control or direction of Seasif. An early warning report will be filed in accordance with Canadian securities laws. Aris noted that the transaction has zero operational impact and negligible financial significance relative to its $425 million cash balance and $700 million+ H1 revenue run-rate.
Aris Mining Corporation (ARIS) divested the Seasif asset for C$77,500 in gross proceeds, a move the company describes as routine portfolio rebalancing that does not alter its operational footprint, cash flow profile, or balance sheet. The market has already priced in the core operational narrative, including the Marmato ramp, Toroparu PFS, and Soto Norte licensing, meaning this release adds no new fundamental catalysts. Following the Q2 earnings print, the stock traded in a $18.70–$21.50 range.
Aris Mining Corporation (ARIS) is a producing gold company operating two underground mines in Colombia, Segovia and Marmato, while advancing two major development projects: Toroparu in Guyana and Soto Norte in Colombia. Segovia is a high-grade underground mine that recently commissioned a second mill, expanding processing capacity to 3,000 tpd. Marmato is undergoing a major expansion to transition from narrow-vein mining to bulk mining, featuring a new 5,000 tpd CIP plant and underground decline network.
Toroparu in Guyana is a large-scale open-pit project with a PEA indicating 235 koz annual production and a $1.8B NPV5%. Soto Norte in Colombia is a high-grade, long-life project with a PFS indicating 263 koz annual production and a $2.7B NPV5%.