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The Ramp Zone discovery resembles Aris Mining's Marmato Deeps deposit.

The CGS mining event, which focuses on precious metals mining in Colombia and the Andes, has grown in importance every year.

Aris Mining owns 2 1/2 gold mines in Colombia, with additional assets in Guyana and Canada.

Expansion plans include additional drilling in the Ramp Zone and surrounding areas, with assay results expected later this year.

Soma says that its ongoing exploration indicates high-potential gold zones, further evidenced by stream sediment results and recent channel samples.

According to Aris Mining, the redemption of the 2026 notes remains conditional on the completion of this new debt offering.

Aris is seeking to address the challenges posed by informal and illegal mining, which has been a longstanding issue in Colombia.

Segovia is optimistic about extending the life of its existing mining operation in Colombia.

Aris expects gold production to rise next quarter and finish the year at between 220,000 and 240,000 ounces.

For its Segovia site in Colombia, CEO Neil Woodyer says the firm has an overall 2023 outlook of "a range of between $1,125 and $1,175 per ounce."