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The Marmato Lower Mine development progresses well, with completion scheduled for H2 2023.
The recent acquisition of the 20% stake in Soto Norte provides huge upside potential.
The Marmato mine alone should be enough for Aris Gold's current share price to more than double.
Some more clarity to Aris Gold's plans of financing the $300 million acquisition of an additional 30% stake in Soto Norte and its share of Soto Norte CAPEX is needed to estimate the true upside of the company.