Thank you for standing by. This is the conference operator. Welcome to the GCM Mining and Aris Gold Corporation Conference Call to discuss the business combination announced earlier this morning. As a reminder, all participants are in listen-only mode, and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star then zero. I would now like to turn the conference over to Meghan Brown, Vice President, Investor Relations. Please go ahead.
Thank you, operator, and good morning, everyone. My name's Meghan Brown. I'm the VP, Investor Relations for Aris Gold. I'd like to welcome you to our conference call this morning discussing our business combination with GCM Mining. We will be using some forward-looking statements on today's call. You're advised to review the cautionary language on slide two. It's available on today's webcast and also on our website. We have a full roster of participants on the call dialing in from various locations. The presentation will be hosted by Aris Gold Chief Executive Officer, Neil Woodyer, GCM Mining Executive Chair, Serafino Iacono, and Aris Gold Chair, Ian Telfer.
Also on the call today to help with Q&A, we have GCM Mining Chief Financial Officer, Mike Davies, and on the Aris Gold side, we have our Senior Vice President of Operations, Richard Thomas, our Senior Vice President of Capital Markets, Tyron Breytenbach, and our Senior Vice President Corporate Development, Andrew Gubbels. At the end of the presentation, you'll have the opportunity to participate in the Q&A, and the operator will remind you of the instructions on how to queue up. With that, I'll now hand the call over to Neil Woodyer to launch the presentation. Neil?
Thanks very much, Megan. Immediately, I should tell you that I'm in Colombia, which means that Ian has agreed to take on the heavy lifting of taking you through the slides, and I'm doing what would normally be the chairman introductory overview. I have an easy job, and Ian's carrying the load. What are we talking about? We're talking about Aris Gold and GCM combining to create a leading Americas producer. It's a no premium, all-share business combination. It creates a company with a larger scale and significant free cash flow to unlock shareholder value. We start with combined gold reserves of 3.8 million ounces, M&I resources of 18.3, and inferred 7.7. It strengthens our mine-building capability and operating capability, and at the same time, it strengthens our financial capability.
It streamlines our corporate structure and gives us direct synergies that we can realize. We're building a gold mining business with scale, cash flow, a strong financial position, $397 million of cash and $260 million of additional committed funding with a very high-quality growth pipeline. One of the benefits of the transaction is that our teams are well-known to each other, and together, we can work and optimize the group of the growth projects to unlock shareholder value. That's the sort of quick overview, and I'll hand over to Serafino for some additional comments from his perspective.
Well, thank you, Neil. The most important thing to say about this combination is that we're creating a fantastic new exciting company that's got a great growth strength and future, a lineup of future projects that are gonna be built. The combination of the board and the management team that is gonna be taking things forward is fantastic.
Incredible experience from starting from Ian T elfer and all the board members that are there that have constructed and developed major businesses to myself that I'm gonna be staying as a director and with other directors that are gonna add value because of our experience in Colombia that are gonna make the transition and the development of the projects as we move along in Colombia a lot smoother and profitable for our shareholders. Ian?
Sorry, were you handing over to Ian there?
Hello?
Sorry about that.
Can you hear me now?
Yes.
Yes. Thank you. Well, good morning, everyone, and this is an exciting day for Aris and GCM shareholders for sure. We now have a Newco with larger scale, cash flow, and unrivaled growth. It allows the shareholders to participate in a stronger combined company, better placed for valuation. We have enhanced market visibility, trading, liquidity, and access to capital, and our goal is to build a 1 million ounce producer over the next few years. This transaction gets us about three-quarters of the way there, so we are very, very excited on this progress. It eliminates cross-ownership with GCM's current 44% equity interest in Aris Gold. The pro forma cash and committed funding of almost $700 million is very substantial.
We have the free cash flow from Segovia operations and a reduction of $10 million a year in corporate G&A. The combined assets have the potential to drive a growth profile of a couple 100,000 ounces a year each from Segovia, Marmato, Toroparu and Soto Norte, with half of the 450,000 ounces from that mine to our accounts. Has been mentioned, we have total measured and indicated resources of 18.3 million ounces. The corporate team, as you heard, led by Neil, with me as Chairman and Serafino as a continuing director to help us with everything in Colombia and build on all the success that Gran Colombia has had in that country. Next slide. It creates the largest gold company in Colombia with diversification in Guyana and Canada.
Immediately increases annual production to 250,000 ounces a year, with our large gold inventory of 18 million ounces, and diversifies our resource base in South America. Combined company enters the market with a competitive value and growth proposition to fill a void in a shrinking mid-tier space. Very important to me is the size of the ore reserves that we have. As we all know, the industry is shrinking slowly but still shrinking. Us to provide a quickly growing company in this market, I think is gonna be welcomed by institutions and investors. Next slide. Of course, Segovia will continue to be our cash cow for the few years ahead. It's been an incredible operation for decades, and it will continue far into the future.
Just to note, over the past six years, Segovia has replaced its mined resources every single year, and we expect that to go on for a long, long time. It'll provide the cash flow in the early days while we move forward with the other projects. Next slide. Soto Norte adds a tier one growth asset. These are the hardest assets to find in the gold space. We are so fortunate to have this arrangement where we start off with 20% of this asset and then move up to 50%. This is one of the largest undeveloped gold deposits in the world. I know from my experience they are so hard to get your hands on, and this will be the driving force of the company going forward.
The total production from that mine will be you know, 450,000 ounces, and we'll get half of that, but we have the first right of refusal to purchase the rest of that asset at some time in the future. At Soto Norte, the plan to build this mine is gonna be at the highest level of sustainability, et cetera. We're reducing the footprint by having underground mining, primary crushing and transportation. We're gonna be using no chemicals, no cyanide, no mercury will be used. Limited water use because of the way we set this up, and by using dry tailings, we've eliminated any environmental risks going forward from any problems with tailings.
It's gonna be a world-class sized operation and put together in a world-class manner, and we'll be drawing on the experience of Gran Colombia in Colombia with dealing with environmentalists and government, et cetera. We're very confident that they will move this forward through the permitting and through the construction. Of course, with a larger company, it gives us improved scale and liquidity and access to capital, and we expect a re-rating will result as we move this forward and people becoming familiar with these assets. As was mentioned, the cash we have available takes us a long way to going through this process, and our growth profile is something that will be unique in the industry.
As I said, to me, the hardest part of our industry is finding the ore, and we have now got a pathway in front of us that people can see where we're gonna get the ore, where we're gonna get the growth, where we're gonna get the low costs to move this into a premium gold mining company in the mid-tier range. We're very, very excited about it, and I think we've put together the assets and the financial capability and the operating experience and the experience in Colombia that'd be unrivaled by anyone else as we become the largest gold mining company in Colombia. With that, I'd go to the next slide and hand it off to Tyron. Tyron, go ahead.
Thanks, Ian. Just looking at some benchmarking slides here, it's pretty clear that Aris Gold will immediately enter the mid-tier producer group on both production and resource metrics. As we unlock our near-term growth, we expect to move into the top of the pack, but we will retain our very low all-in sustaining costs, largely because our asset base is very high grade, which we think separates us from the peers. One of the things we really wanna highlight on this slide is our three-year growth rate, which is best in class. Next slide, please. This transaction, we think we offer a compelling valuation, prospect to the market. The new company will trade at the extreme low end of the mid-tier producer group on a price to net asset basis.
I would argue, looking at this chart, Newco could effectively double and would still be at the low end of the group. On an enterprise value per ounce basis, we are even more compelling and offer investors substantial commodity exposure for the next gold cycle. As Ian said, we have a lot of ounces, and in this market, it's tough to find good tier one projects. As we address our scale and funding pushbacks with this transaction, we can also expect to normalize in line with the peer group. I'm looking forward to increasing analyst coverage and enhanced market profile, which should further support that re-rate. Next slide, please. Just looking at the transaction summary and timing. This deal is gonna be executed via a plan of arrangement. It'll be 100% share based at market.
Based on the exchange ratio of 0.5 to 1, GCM holders will own 74% of Newco, with Aris Gold shareholders representing the remaining 26% on a diluted in the money basis. The transaction will require various regulatory approvals as well as support from both sets of shareholders. The management teams have agreed to support the deal on both sides. We're hoping to close this in September and deliver a new growth story to the market. We think there's a shortage on the comp sheets for a company like this, and we're excited to fill that void. I just wanted to thank everyone for their time. With that, I'm gonna hand it back to the operator and Meg to answer any questions that might come up.
Thank you.
Thanks.
We will now begin the question and answer session. To join the question queue, you may press star then one on your telephone keypad. You will hear a tone acknowledging your request. If you are using a speakerphone, please pick up your handset before pressing any keys. To withdraw your question, please press star then two. We will pause for a moment as callers join the queue. Once again, to join the question queue, please press star then one.
Operator, it doesn't look like we have any questions, so I think that we can take that as an indicator of the very, very good and thorough job our team did today on this call of describing the transaction. I think with that, we can close. I would encourage any of you who are interested in following up to reach out to Tyron or I. Our information is contained in the website, or to Mike Davies on the GCM side. Thank you all very, very much for your participation in today's call.
This concludes today's conference call. You may disconnect your lines. Thank you for participating, and have a pleasant day.