Environmental ImpactARIS reaffirmed the continued advancement of the environmental and technical studies of a smaller-scale version of the Soto Norte Project, which features a reduced environmental impact and new processing options.
Project DelaysThe expansion projects at Segovia and Marmato are anticipated to increase production significantly, with Segovia expected to increase throughput rates and Marmato ramping up the lower mine.
Regulatory ChallengesThe Colombian Ministry of Environment has completed the public consultation process in respect to establishing a Temporary Reserve Area where the Soto Norte Project is located, which may delay the start of construction for Soto Norte to 2029.