Core Viewpoint - Aris Mining Corporation has made significant strides in its Environmental, Social, and Governance (ESG) initiatives as outlined in its 2023 Sustainability Report, emphasizing the importance of partnerships with Contract Mining Partners (CMPs) in addressing the challenges of informal and illegal mining in Colombia [1][2]. Group 1: Sustainability Initiatives - The company established a Management Sustainability Committee that reports directly to the CEO, enhancing transparency in decision-making regarding sustainability initiatives [3]. - Aris Mining became a member of the United Nations Global Compact and endorsed the United Nations Women's Empowerment Principles, increasing the inclusion rate of women in its workforce [3]. - An $11 million trust fund has been created for environmental rehabilitation at the Marmato Mine, which includes a water treatment plant for industrial wastewater [3]. - The company invested $10.2 million in social and environmental projects, focusing on education, socioeconomic development, infrastructure, environmental conservation, and gender equity [3]. Group 2: Production and Growth Plans - In 2023, Aris Mining produced 226,000 ounces of gold and aims to reach a production rate of approximately 500,000 ounces per year by the second half of 2026 [5]. - The Segovia mill expansion is scheduled for completion in Q1 2025, and the Marmato Lower Mine is expected to have its first gold pour in late 2025 [5]. - The company is also advancing the Toroparu gold/copper project in Guyana and is exploring acquisitions and growth opportunities to enhance value through scale and diversification [5][6]. Group 3: Safety and Community Engagement - Following the implementation of the Vision Zer000 safety program, the company achieved a 75% reduction in Lost Time Injuries [3]. - Aris Mining awarded 875 Colibri scholarships at a bilingual school in Segovia, celebrating the first graduation class of over 50 students [3].
ARIS MINING PUBLISHES ITS 2023 SUSTAINABILITY REPORT