ARIS MINING, COLOMBIA'S MINISTRY OF ENERGY AND MINES, AND COMMUNITY PARTNERS LAUNCH FORMALIZATION STRATEGY FOR ACTIVE ASM AREAS NEAR MARMATO

Core Viewpoint - Aris Mining Corporation has signed a Memorandum of Understanding (MOU) with Colombia's Ministry of Mines and Energy to formalize artisanal and small-scale mining (ASM) operations in Marmato, indicating a collaborative approach to enhance the mining sector's sustainability and inclusivity [1][3][6]. Group 1: MOU Details - The MOU aims to accelerate the formalization of ASM miners in Marmato, where Aris Mining is expanding its operations [1][5]. - The agreement establishes a framework for transitioning ASM groups into the formal economy, including regulatory support and technical training [6][7]. - Aris Mining will provide technical, operational, and environmental expertise to support ASM units and has offered milling capacity from its existing operations [5][6]. Group 2: Strategic Importance - The Cerro El Burro area, part of the Marmato Complex, presents significant growth opportunities for gold production, enhancing safety and environmental outcomes for all stakeholders [4][6]. - The MOU is part of the broader "Special Mining District for Peace and Life" initiative, which prioritizes sustainable mining practices in Marmato [6][7]. Group 3: Company Overview - Aris Mining, established in September 2022, focuses on becoming a leading gold mining company in Latin America, blending current production with growth through asset expansion and exploration [8][10]. - The company operates two underground gold mines in Colombia, targeting an annual production rate exceeding 500,000 ounces of gold by ramping up operations in the Marmato Complex and Segovia [9][10].