Aris Mining Corp (ARMN)

[NYBob]

20 g/t High Grade Deserves to Trade at a Premium -
Sept. 16,664 oz x 12 months is already 200k oz/yr.

Company operated mining going from low grade 3.7 g/t to Q2 11 g/t to Q3 to 17.5 g/t.
Providencia continuing to ramp up.
From the recent Segovia mine plan, this increase should be sustained
for the next few years with some exploration drilling to extend it.

With the drop in income tax payment in H2, Q3 has a good chance of having positive free cash flow.
Company operated mining should have a higher profit margin and that
production/grade increased in Q3.
That one month drop in Aug. is long past, and the record Sept.
production is the all clear signal of what is to come.
The news release already said they were "confident we can meet our
financial objectives for this year." That should include FCF.

Q4 is likely to have record production with Providencia ramped up, and
lower AISC.
Q4 is also likely to be the starting quarter to showcase GCM as the cash
cow that it really is.

Segovia grade is now 20.7 g/t. This is one of the highest grade mines in the world.
High grade mines always trade at a premium, not a huge discount.

There were a number of items that conspired to hide the cash generated
by GCM:
Equity tax
Wealth tax
Higher corporate income tax than normal
Using a lot of cash to pay down payables to repair balance sheet
Cash used for capex to modernize the mine
Interest paid on debt
Many of these items have or will soon disappear.

One of the highest grade mines in the world will show the cash likely
starting in Q4.

It reminds me of NMI's Fosterville mine. It took some time to develop
and reach the high grade, but once the high grade was reached, it was
gushing with free cash.
The same is happening with the Providencia mine.
It took some time to ramp up from low grade to high grade, but now that
the high grade is reached, it will be gushing with free cash.

With the newly converted illegal miners adding production to the 2018 mine plan of around 195k oz and the increase in plant capacity at the end of the year, there is a good chance 2018 guidance will include the magic 200k oz number. As usual, patience is a virtue.
by ts9222 good info thank you -

649.1_g/t Gold /0.39 metres and 249.3_g/t Silver /0.95 metres.
Multiple high gold grades generated from 19 drill holes (1,119 metres) drilled from underground in the 2017 drilling program were intersected on the main vein system.
September 18, 2017

http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2017/Gran-Colombia-Gold-Announces-Multiple-High-Grade-Drill-Results-From-Its-2017-Infill-Drilling-Program-at-Its-Providencia-Mine-in-Segovia/default.aspx
Refill thank you great info -

God Bless