VANCOUVER, BC, Oct. 21,
2024 /PRNewswire/ - Aris Mining Corporation (Aris
Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announced today
that it has commenced an offering of US$400
million aggregate principal amount of Senior Notes due 2029
(the "Notes"). Aris Mining intends to use the net proceeds from the
offering of the Notes to fund the redemption of its outstanding
6.875% Senior Notes due 2026 (the "2026 Notes") and for working
capital and general corporate purposes.
Pursuant to the terms of the indenture governing the 2026 Notes,
the Company will issue a conditional notice of redemption to redeem
the outstanding 2026 Notes, which redemption will be conditional
upon the successful completion of the offering of the Notes.
The Notes will be offered and sold in the United States only to persons reasonably
believed to be qualified institutional buyers in accordance with
Rule 144A under the United States Securities Act of 1933, as
amended (the "Securities Act"), and to non-U.S. persons outside
the United States in reliance on
Regulation S under the Securities Act. The Notes will be offered
and sold in Canada on a private
placement basis pursuant to applicable Canadian prospectus
exemptions.
The offer and sale of the Notes will not be registered under the
Securities Act and the Notes may not be offered or sold in
the United States or to U.S.
persons absent registration or an applicable exemption from the
registration requirements of the Securities Act and applicable
state securities laws. This news release shall not constitute an
offer to sell or the solicitation of an offer to buy the Notes, nor
shall there be any offer or sale of the Notes in any jurisdiction
in which such offer, solicitation or sale would be unlawful.
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 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.
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 the completion and timing of this offering
and the intended use of proceeds from this offering, the Company's
plans to redeem the 2026 Notes, project development plans and
future performance, are forward-looking. Generally, the
forward-looking information and forward looking statements can be
identified by the use of forward looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", "will continue" or "believes", or variations
of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved".
Forward looking information and forward looking statements,
while based on management's best estimates and assumptions, are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of Aris Mining to be materially different from
those expressed or implied by such forward-looking information or
forward looking statements, including but not limited to those
factors discussed in the section entitled "Risk Factors" in Aris
Mining's Annual Information Form dated March
6, 2024 which is available on SEDAR+ at
www.sedarplus.ca and in the Company's filings with the SEC 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.
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SOURCE Aris Mining Corporation
