In short: A company he helped create and still holds: second-largest gold miner in Colombia (Segovia, ~11 g/t, "second highest grade" operating mine), 20-year mine lives; ~500k oz/yr run rate now, heading to ~1M oz with two more mines in 4–5 years. "It's gone from $3 to $30… Why trade? Just own that."
Aris is a producing gold miner in Colombia that Giustra helped create. Its Segovia mine is unusually rich — about 11 grams of gold per ton of rock, when many mines work with 1–2 grams — so each ounce is cheap to produce, and its mines are expected to last about 20 years.
He says the shares went from $3 to $30 and expects production to double from about half a million to a million ounces a year as two more mines start up. His philosophy is simply to hold a long-lived, high-grade producer rather than trade it — again, bear in mind he is an insider.
34:32size, location and grade, stick with it because copper price can go anywhere, and choose a gold asset which has also got size, location and grade with a capable management team and enough money and hang on for the ride. — Yeah. Which is like even in gold what I'm doing in Colombia. I've got my company in Colombia, Aris, which is the second largest gold miner in Colombia after the Chinese and will soon be the biggest gold producer in Colombia.
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