VANCOUVER, BC, Aug. 22,
2024 /PRNewswire/ - Aris Mining Corporation
(Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN)
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."
2023 Sustainability Report Highlights
- We established a Management Sustainability Committee, reporting
directly to the CEO and the Sustainability Committee of the Board,
which has facilitated transparent decision-making and oversight of
our sustainability initiatives.
- Our participation in the SASB Standards and the Towards
Sustainable Mining (TSM) protocols reflect our commitment to
rigorous ESG performance standards.
- In 2023, we became a member of the United Nations Global
Compact, endorsed the United Nations Women's Empowerment Principles
and increased the inclusion rate of women in our workforce.
- We updated our materiality analysis in 2023 to cover both the
Marmato Mine and the Segovia Operations.
- We have created an $11 million
trust fund dedicated to the environmental rehabilitation of
Marmato, which includes the construction of a water treatment plant
to treat industrial wastewater from our operation.
- We have invested $10.2 million in
social and environmental projects, highlighting our commitment to
creating shared value in the communities in which we operate and
aligning with the United Nations' Sustainability Development Goals.
These investments prioritize education, socioeconomic development,
infrastructure, environmental conservation, and gender equity and
inclusion.
- Following the adoption of the Vision Zer000 safety program in
2022, we achieved a 75% reduction in Lost Time Injuries.
- Continuing with our commitment to academic excellence, we
awarded 875 Colibri scholarships at the Spanish / English bilingual
school in Segovia, La Salada. The school recently celebrated its
first graduation class of over 50 students.
Aris Mining's 2023 Sustainability Report can be found in the
Sustainability section of our website at Sustainability Reports -
Aris Mining Corporation (aris-mining.com). We welcome feedback from
all stakeholders. Please direct communications or requests for
further information to info@aris-mining.com.
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.
Additional information on Aris Mining can be found at
www.aris-mining.com, www.sedarplus.ca, and on www.sec.gov.
Forward-Looking Information
This news release contains "forward-looking information" or
forward-looking statements" within the meaning of Canadian and U.S.
securities legislation. All statements included herein, other than
statements of historical fact, including, without limitation,
statements relating to formalizing miners and our partnerships with
CMPs representing the future of mining in Colombia are forward-looking. When used
herein, forward looking terminology such as "expect", "plan",
"anticipate", "estimate", "may", "will", "should", "intend",
"believe", and similar expressions, are intended to identify
forward-looking statements. Forward-looking statements are based on
estimates and assumptions made by the Company in light of its
experience and its perception of historical trends, current
conditions and expected future developments, as well as other
factors that the Company believes are appropriate in the
circumstances. Many factors could cause the Company's actual
results, performance or achievements to differ materially from
those expressed or implied by the forward-looking statements,
including those described in the "Risk Factors" section of the
Company's most recent AIF and in the Management's Discussion and
Analysis for the three and six months ended June 30, 2023, which are available on the
Company's profile on SEDAR+ at www.sedarplus.ca and in its filings
with the U.S. Securities and Exchange Commission at www.sec.gov.
These factors should be considered carefully, and readers should
not place undue reliance on the Company's forward-looking
statements. The Company has no intention and undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
View original
content:https://www.prnewswire.com/news-releases/aris-mining-publishes-its-2023-sustainability-report-302229149.html
SOURCE Aris Mining Corporation
