ARIS MINING EXPANDS HIGH-GRADE SEGOVIA RESERVE AND RESOURCE ESTIMATES
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- Measured and indicated mineral resources increased by 7% to 3.6 million ounces of gold (Moz), up from 3.4 Moz in the 2024 estimate, while inferred resources increased by 12% to 2.9 Moz, reflecting continued exploration success and resource growth at
Segovia . - Proven and probable mineral reserves increased by 12% to 1.5 Moz, up from 1.3 Moz in the 2024 estimate, reflecting successful conversion of resources to reserves and ongoing mine development at
Segovia . Segovia's mineral inventory remains exceptionally high grade, with measured and indicated resources averaging 15.3 g/t Au and proven and probable reserves averaging 10.7 g/t Au.
Given the rapid and significant changes in the gold price over the past year, the selection of an appropriate gold price assumption for mineral resource reporting requires careful judgment. The Company selected a gold price of
To provide transparency and context, the Company has included a mineral resource sensitivity analysis across a wide range of gold prices, from
The table below summarizes the sensitivity of the 2025 mineral resource estimate to gold price.
Table 1: Sensitivity of the 2025 mineral resource estimate to gold price
Gold price (US$/oz) | 2,100 | 2,300 | 2,500 | 2,800 | 3,000 | 3,200 | |
Tonnes | Measured | 3,274 | 3,449 | 3,598 | 3,811 | 3,928 | 4,050 |
Indicated | 2,556 | 2,711 | 2,851 | 3,061 | 3,188 | 3,321 | |
Measured and Indicated | 5,830 | 6,160 | 6,449 | 6,872 | 7,117 | 7,371 | |
Inferred | 4,659 | 4,971 | 5,264 | 5,744 | 6,017 | 6,289 | |
Grade | Measured | 17.40 | 16.73 | 16.20 | 15.50 | 15.14 | 14.78 |
Indicated | 19.40 | 18.59 | 17.91 | 16.97 | 16.45 | 15.94 | |
Measured and Indicated | 18.28 | 17.55 | 16.96 | 16.16 | 15.73 | 15.30 | |
Inferred | 17.59 | 16.79 | 16.12 | 15.11 | 14.60 | 14.13 | |
Contained | Measured | 1,831 | 1,855 | 1,874 | 1,899 | 1,912 | 1,925 |
Indicated | 1,595 | 1,620 | 1,642 | 1,670 | 1,686 | 1,701 | |
Measured and Indicated | 3,426 | 3,475 | 3,516 | 3,570 | 3,598 | 3,626 | |
Inferred | 2,634 | 2,684 | 2,728 | 2,791 | 2,825 | 2,856 | |
The table below summarizes the 2025 mineral resource estimate (the 2025 MRE), with the 2024 MRE for reference.
Table 2:
Effective date | Measured | Indicated | Measured & Indicated | Inferred | ||||||||
Tonnes | Grade | Oz | Tonnes | Grade | Oz | Tonnes | Grade | Oz | Tonnes | Grade | Oz | |
4,050 | 14.78 | 1,925 | 3,321 | 15.94 | 1,701 | 7,371 | 15.30 | 3,626 | 6,289 | 14.13 | 2,856 | |
31–Jul-20242 | 3,637 | 16.03 | 1,875 | 2,943 | 16.07 | 1,521 | 6,580 | 16.05 | 3,396 | 5,138 | 15.38 | 2,541 |
| ||||||||||||
The table below summarizes the 2025 mineral reserve estimate, with the 2024 mineral reserve estimate for reference.
Table 3:
Effective date | Proven | Probable | Proven & Probable | ||||||
Tonnes | Grade Au | Oz Au | Tonnes | Grade Au | Oz Au | Tonnes | Grade Au | Oz Au | |
1,708 | 9.92 | 545 | 2,659 | 11.21 | 958 | 4,367 | 10.70 | 1,503 | |
31–Jul-20242 | 1,886 | 11.25 | 682 | 1,989 | 10.33 | 660 | 3,875 | 10.78 | 1,343 |
| |||||||||
________________________________ |
1See the "Technical Disclosure and Qualified Person" section below. |
2 See press release dated |
Technical Disclosure and Qualified Person
The technical information in this news release was reviewed and approved by
The mineral resource and reserve estimates, scientific disclosure, and technical information included in this news release are based upon information included in the technical report entitled "NI 43-101 Technical Report for the Segovia Operations, Antioquia,
About Aris Mining
Founded in
Aris Mining operates two underground gold mines in
In
Aris Mining also owns the Soto Norte gold project, where a Prefeasibility Study has been completed on a smaller-scale development plan confirming
Additional information on Aris Mining can be found at www.aris-mining.com, www.sedarplus.ca, and on www.sec.gov.
Cautionary Language
Forward-Looking Information
This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to
Forward looking information and forward looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Mining to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to those factors discussed in the section entitled "Risk Factors" in Aris Mining's annual information form dated
Although Aris Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company has and continues to disclose in its Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aris Mining disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.
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SOURCE Aris Mining Corporation
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