Aris Mining Corporation has updated the Segovia mineral reserve and resource estimates.
- 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.
“The updated Segovia reserve and resource estimates underscore the strength and durability of this exceptional high-grade asset,” Neil Woodyer, CEO of Aris Mining, commented. “Compared to our prior estimates in 2024, measured and indicated resources increased by 7%, inferred resources grew by 12%, and proven and probable reserves increased by 12% or 160,000 ounces, net of mined depletion, reinforcing Segovia’s long mine life and supporting higher production rates following the mill expansion. Segovia continues to provide a strong foundation of high-margin production and long-term value creation for Aris Mining.”
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 $3,200 per ounce for mineral resources and $2,800 per ounce for mineral reserves.
To provide transparency and context, the Company has included a mineral resource sensitivity analysis across a wide range of gold prices, from $2,100 per ounce, consistent with the gold price used in the 2024 estimate, to the $3,200 per ounce selected for the 2025 estimate. The sensitivity analysis demonstrates that the Segovia mineral resource is largely insensitive to gold price assumptions, with measured and indicated contained gold ranging from 3.4 Moz to 3.6 Moz, reflecting the high-grade nature and strong underlying economics of the deposit.
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