00:21:34 EDT Fri 03 May 2024
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Aris Mining Corp
Symbol ARIS
Shares Issued 137,199,248
Close 2023-10-05 C$ 3.08
Market Cap C$ 422,573,684
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Aris Mining publishes 2022 sustainability report

2023-10-06 10:06 ET - News Release

Mr. Neil Woodyer reports

ARIS MINING RELEASES ITS ANNUAL SUSTAINABILITY REPORT

Aris Mining Corp. has published its 2022 sustainability report which summarizes the company's performance within relevant Sustainability Accounting Standards Board (SASB) metrics. The report is available in both English and Spanish for review and download on the Aris Mining corporate website.

Neil Woodyer, Aris Mining's chief executive officer, commented: "We take immense pride in our identity as an environmentally and socially conscious gold mining company. This sustainability report serves as both a reflection of our journey thus far and a roadmap for the path ahead. As we move forward with the construction of the Lower mine at Marmato we are poised to replicate and enhance the success we have achieved at the Segovia operations."

2022 sustainability highlights

People and partnerships:

  • The combination of the Segovia and Marmato mines under the Aris Mining umbrella represents an opportunity to implement best practices in health and safety. During 2022, Aris conducted an initial assessment by area, identifying opportunities for improvement, which led to the adoption and development of the Vision Zero safety program.
  • At the Segovia operations, Aris has formalized more than 2,900 miners, which has resulted in more than 12,000 people gaining access to social security and banking services, among other benefits.
  • Formalization not only results in increased revenue to artisanal and small-scale miners, but also leads to improved health, safety and environmental conditions and a reduction in illegal ancillary activities.
  • Diversity and inclusion are integral aspects of Aris Mining's core values and are deeply ingrained in its corporate identity. This commitment is a testament to the company's continuous efforts to empower women within the industry. At the end of 2022, Aris Mining Segovia had a work force of 2,037 employees, with approximately 10 per cent women. Of the 1,197 employees at the Marmato mine, 126 are women, accounting for 11 per cent of the work force. Aris Mining is working to increase the inclusion rate of women in its work force and seeks to achieve 14-per-cent representation in both operations by the end of 2023.

Communities:

  • Aris operates the La Salada School with over 800 students from local communities. Aris is thrilled to announce the impending graduation of its very first high school class in 2024. The company's efforts extend to more than 2,500 students who Aris is preparing for state examinations.
  • Aris invests in road maintenance and constructs pedestrian overpasses, enhancing road infrastructure and ensuring safer and easier access to homes, workplaces and community centres. Ariss actively support health infrastructure development and organizes eye health initiatives within its communities. The company also creates community and cultural spaces that honour and respect local cultural and religious traditions. Aris also provides training programs to community members and leaders, focusing on subjects such as human rights, healthy lifestyles and entrepreneurship skills.

Environment:

  • A significant milestone achieved by Aris Mining Marmato in 2023 was the approval by Corpocaldas of the modification of its environmental permit for the construction and operation of the Lower mine project. In 2023, Aris Mining proposed and established a trust fund with over $11-million (U.S.) for the modernization and upgrading of waste water treatment systems, air emissions control, water purification and addressing environmental liabilities in pursuit of Marmato meeting the highest environmental standards.
  • As a result of Aris's conservation efforts directed at lowering its power consumption, the company had an annual reduction of 496.6 tonnes of scope 2 carbon dioxide equivalent emissions at the Marmato mine in 2022 compared with 2021.
  • Beyond energy, Aris's dedication to responsible resource utilization extends to water management. The company treats 100 per cent of the domestic water it draws, and a substantial portion is returned to the community, ensuring a valuable and secure supply of drinking water.
  • Aris works to ensure that tailings storage facilities are safe sites that comply with the company's environmental management plans and the commitments made to the relevant government authorities, and repurposes them as community recreational spaces. In 2022 Aris delivered a total of 200,540 tonnes of clean rock from the mining operations to be used as aggregate in road construction to improve the infrastructure needs of the region.

More information about Aris Mining's 2022 performance, 2023 targets and commitments to responsible mining is available in the sustainability report and other disclosure on Aris's website.

About Aris Mining Corp.

Aris Mining is a gold producer in the Americas with a growth-oriented strategy. In Colombia, Aris Mining operates several high-grade underground mines at its Segovia operations and the Marmato mine, which together produced 235,000 ounces of gold in 2022. Aris Mining is currently constructing the Marmato Lower mine expansion project, which will provide access to wider porphyry mineralization below the current Upper mine. Aris Mining also operates the Soto Norte project joint venture, where environmental licensing is advancing to develop a new underground gold, silver and copper mine. In Guyana, Aris Mining is advancing the Toroparu project, a gold/copper project. Aris Mining plans to pursue acquisitions and other growth opportunities to unlock value creation from scale and diversification.

Aris Mining promotes the formalization of artisanal and small-scale mining as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.

We seek Safe Harbor.

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