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Aris Mining Corp - Chart Review, 1.4 million
The trading in Aris has been a thing of beauty, today was no different. Combined volume in Canada and USA today was 1.4 million shares. It appears to me that institutions are dueling each other to accumulate the stock.
ARIS.TO Short Term
https://stockcharts.com/h-sc/ui?s=ARIS.TO&p=D&yr=1&mn=0&dy=0&id=p59790594190&a=1260483926&listNum=1
ARIS.TO Long Term
https://stockcharts.com/h-sc/ui?s=ARIS.TO&p=W&yr=4&mn=0&dy=0&id=p46278488149&a=1326772940&listNum=1
US Ticker ARMN
https://stockcharts.com/h-sc/ui?s=ARMN&p=W&yr=4&mn=6&dy=0&id=p99407663878&a=1651391510&listNum=1
Oh were going there. 90+
Aris Mining insitu gold valuation supports $90 per share?
Do your own due diligence. So what's an oz of gold worth inground in the measured and indicated category currently?
Going with the latest acquisition numbers from the Newmont / Newcrest deal approximately $700 an oz is viable
when gold was valued at about $2000/oz.
That deal was sealed on November 6 of 2023. Arguments can be made for the synergies associated with that deal
as it would compare if to Aris Mining if it was acquired.
This is a back of the napkin valuation that we would discuss about at the local coffee shop. A $90 valuation per share
is definitely within reason. Just yesterday I saw a YouTuber make a trading valuation using charts for
Aris Mining of C$25 to C$48 per share within the next couple years. I personally made my own valuation model
late last year, these numbers are very plausible in a bull gold market.
That's why an insider can throw down a few hundred thousand dollars at these valuations.
Aris Mining - Q4 Results Conference Call - 2023
Aris Mining Corporation
The Pros are running this company, great results, great guidence.
ARIS MINING REPORTS 2023 RESULTS WITH GUIDANCE ACHIEVED, NET EARNINGS OF $11.4M, ADJUSTED EARNINGS OF $52.2M ($0.38/SHARE),
ADJUSTED EBITDA OF $159M
March 06, 2024
Download(opens in new window)
VANCOUVER, BC, March 6, 2024 /PRNewswire/ -
Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces financial and operating results for the three and twelve months
ended December 31, 2023 (Q4 2023 and FY 2023, respectively). All amounts are in US dollars unless otherwise indicated.
https://www.aris-mining.com/news/news-details/2024/ARIS-MINING-REPORTS-2023-RESULTS-WITH-GUIDANCE-ACHIEVED-NET-EARNINGS-OF-11.4M-ADJUSTED-EARNINGS-OF-52.2M-0.38SHARE-ADJUSTED-EBITDA-OF-159M/default.aspx
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173916527
Gold vs M2 Money Supply:
Gold Massively Undervalued vs US Money Supply
$NEWS - Is Gold Setting Up for a Huge, Once in a Generation, Rally?
By Chris Vermeulen
Is there a generational opportunity coming to get into gold?
it may be time to add more.
ARIS MINING TO ANNOUNCE FULL-YEAR 2023 RESULTS ON MARCH 6, 2024
NEWS PROVIDED BY
Aris Mining Corporation
22 Feb, 2024, 07:50 ET
SHARE THIS ARTICLE
https://www.prnewswire.com/news-releases/aris-mining-to-announce-full-year-2023-results-on-march-6-2024-302068224.html
VANCOUVER, BC, Feb. 22, 2024 /PRNewswire/ -
Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE–A: ARMN) will announce its full-year 2023 operations and financial results after market close on March 6, 2024.
Management will host a conference call on Thursday, March 7, 2024, at 11:00 am ET/8:00 am PT to discuss the results. The call will be webcast and can be accessed at Aris Mining's website at
https://www.aris-mining.com, or at https://services.choruscall.ca/links/arismining2023q4.html
To join the conference via telephone dial:
Toll-free North America: 1-866-668-0730
International: +1 604-638-5357
Participants may also choose to pre-register to join the conference call automatically, at LINK. Upon registering, participants will receive a calendar invitation with dial-in details and a unique PIN, which will allow them to bypass the operator queue and connect directly to the conference.
The call will be available for playback for one week by dialing:
Toll-free in the US and Canada: +1 800.319.6413
International: +1 604.638.9010
Replay access code: 0729
A replay of the event will be archived at Aris Mining Corporation - Investors - Events & Presentations (aris-mining.com).
About Aris Mining
Aris Mining is a gold producer in the Americas, currently operating two mines with expansions underway in Colombia. The Segovia Operations and Marmato Upper Mine, known for their high-grade deposits, produced 226,000 ounces of gold in 2023. With ongoing expansion projects, Segovia and Marmato are targeting to produce 500,000 ounces of gold in 2026. Aris Mining also operates the Proyecto Soto Norte joint venture, where environmental licensing is advancing to develop a new underground gold, silver and copper mine. In Guyana, Aris Mining is advancing the Toroparu Project, a gold/copper project. Aris Mining intends to pursue acquisitions and other growth opportunities to unlock value through scale and diversification.
Aris Mining promotes the formalization of artisanal and small-scale mining as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.
Additional information on Aris Mining can be found at www.aris-mining.com, www.sedarplus.ca, and on www.sec.gov.
Forward-Looking Information
This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian and U.S. securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to the timing of the release of the Company's annual financial results and the Company's target production in 2026, and its plans and strategies are forward-looking. When used herein, forward looking terminology such as "expect", "plan", "anticipate", "estimate", "may", "will", "should", "intend", "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate in the circumstances. Many factors could cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the "Risk Factors" section of the Company's most recent AIF and in the Management's Discussion and Analysis for the three and nine months ended September 30, 2023, which are available on the Company's profile on SEDAR+ at www.sedarplus.ca and in its filings with the U.S. Securities and Exchange Commission at www.sec.gov. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Aris Mining Corporation
Also from this source
ARIS MINING ANNOUNCES APPOINTMENT OF TWO INDEPENDENT DIRECTORS
VANCOUVER, BC, Feb. 14, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces the appointment ...
ARIS MINING ACHIEVES 2023 PRODUCTION GUIDANCE AND PROVIDES 2024 OUTLOOK
VANCOUVER, BC, Jan. 16, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) reports 2023 gold...
More Releases From This Source
Gold Surges $44 After US & UK Strikes In Yemen
January 12, 2024
Gold Surges $44 After US & UK Strikes In Yemen
The price of gold has surged $44 on the heels of the US & UK strikes in Yemen. Silver is also moving higher once again above $23.50, up nearly $1. Here is what to watch.
https://kingworldnews.com/gold-surges-44-after-us-uk-strikes-in-yemen/
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173374182
Aris Mining Corp. Chart - Near Bullish Flag Pattern Breakout
Almost broke out this morning but go tamped down by sellers.
The Bull Flag pattern has a price objective of 5.40.
We have resistance at 4.50, 4.70 and 4.92 on the immediate horizon.
The 4.70 level looks to be the toughest nut to crack.
Aris Short Term Chart
https://stockcharts.com/c-sc/sc?s=ARIS.TO&p=D&yr=1&mn=1&dy=0&i=p44734753125&a=1260483926&r=1701896854669
Aris 42 Month Chart
https://stockcharts.com/c-sc/sc?s=ARIS.TO&p=W&yr=3&mn=6&dy=0&i=p56363874243&a=1326772940&r=1701896521189
Frank Giustra on Aris Mining's Proven Winning Strategy | Mines & Money Coverage
CEO.CA
7.17K subscribers
The only reason fer that much buying in China is the Yuan that can't be taken out of the country about to be devalued into a Zimbabwe like steaming pile of Communists!
Frank Giustra on Aris Mining's Proven Winning Strategy | Mines & Money Coverage
CEO.CA
7.17K subscribers
Explosion of POG related to massive buying of Gold..China - Not surprising ...the USD is collapsing..
https://www.zerohedge.com/markets/behind-mysterious-explosion-gold-prices-chinas-massive-accumulation-gold
$Aris Mining Corp - Golden Surprise at Segovia -
Imagine turning $11 million into $80+ million annually for several years starting in just ~15 months.
From a company trading at 1.33X 2026 EBITDA before this Golden Suprise.
Breaking story:
https://www.thebigscore.com/p/golden-surprise-at-aris-mining
Aris Mining’s 2023 PM Zurich Conference Presentation
Below is the link to Aris Mining's 2023 Precious Metals Zurich Conference Presentation lead by CEO, Neil Woodyer.
Nov 17, 2023
Neil Woodyer, CEO of Aris Mining, presents at the 2023 Precious Metals Zurich Conference (November 12, 2023).
Aris Mining Corporation
$Aris Mining Corp - Golden Surprise at Segovia -
Imagine turning $11 million into $80+ million annually for several years starting in just ~15 months.
From a company trading at 1.33X 2026 EBITDA before this Golden Suprise.
Breaking story:
https://www.thebigscore.com/p/golden-surprise-at-aris-mining
Aris Mining’s 2023 PM Zurich Conference Presentation
Below is the link to Aris Mining's 2023 Precious Metals Zurich Conference Presentation lead by CEO, Neil Woodyer.
Nov 17, 2023
Neil Woodyer, CEO of Aris Mining, presents at the 2023 Precious Metals Zurich Conference (November 12, 2023).
Aris Mining Corporation
A Golden day today.
$Aris Mining Ord Shs ARMN TSX:ARIS - Very Heavy Volume - $Aris has now had a parabolic rise moving higher
by almost $1.00 in a week. Right now with more than 2 more hours of trading left, the combined total volume
traded (TSX + NYSE) is over 900,000. Mom and Pop aren't the ones buying right now.
Toronto is about 2.5 times that of New York. The Canadian funds that kept grinding the stock lower for
most of the year are likely not going to be playing the stock to the downside much longer, if at all.
The series of press releases has been outstanding recently and I can think of no time over the last 20 years where
100,000 ounces of achievable production can be realized for so little ($11 million) in such a short period of time (early 2025).
I'm curious in the next month or two, how many more analysts are going to begin covering Aris.
What the stock desperately needed is institutions to climb on board and we might be
in the midst of seeing that happen now in real time.
$Aris Mining Corp - Golden Surprise at Segovia -
Imagine turning $11 million into $80+ million annually for several years starting in just ~15 months.
From a company trading at 1.33X 2026 EBITDA before this Golden Suprise.
Breaking story:
https://www.thebigscore.com/p/golden-surprise-at-aris-mining
Aris Mining’s 2023 PM Zurich Conference Presentation
Below is the link to Aris Mining's 2023 Precious Metals Zurich Conference Presentation lead by CEO, Neil Woodyer.
Nov 17, 2023
Neil Woodyer, CEO of Aris Mining, presents at the 2023 Precious Metals Zurich Conference (November 12, 2023).
Aris Mining Corporation
I can imagine changing 3 dollars to $100!!!
$Aris Mining Corp - Golden Surprise at Segovia -
Imagine turning $11 million into $80+ million annually for several years starting in just ~15 months.
From a company trading at 1.33X 2026 EBITDA before this Golden Suprise.
Breaking story:
https://www.thebigscore.com/p/golden-surprise-at-aris-mining
Aris Mining’s 2023 PM Zurich Conference Presentation
Below is the link to Aris Mining's 2023 Precious Metals Zurich Conference Presentation lead by CEO, Neil Woodyer.
Nov 17, 2023
Neil Woodyer, CEO of Aris Mining, presents at the 2023 Precious Metals Zurich Conference (November 12, 2023).
Aris Mining Corporation
Aris Mining’s 2023 PM Zurich Conference Presentation
Below is the link to Aris Mining's 2023 Precious Metals Zurich Conference Presentation lead by CEO, Neil Woodyer.
Nov 17, 2023
Neil Woodyer, CEO of Aris Mining, presents at the 2023 Precious Metals Zurich Conference (November 12, 2023).
Aris Mining Corporation
Aris Mining’s 2023 PM Zurich Conference Presentation
Below is the link to Aris Mining's 2023 Precious Metals Zurich Conference Presentation lead by CEO, Neil Woodyer.
Nov 17, 2023
Neil Woodyer, CEO of Aris Mining, presents at the 2023 Precious Metals Zurich Conference (November 12, 2023).
Aris Mining Corporation
ARIS = best in class.
ARIS MINING INCREASES SEGOVIA OPERATIONS' MEASURED AND INDICATED MINERAL RESOURCES BY +114% TO 3.6 MOZ AT 14.34 g/t AU
November 02, 2023
VANCOUVER, BC, Nov. 2, 2023 /PRNewswire/ -
Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE: ARMN) announces updated mineral resource estimates for its
Segovia Operations in Colombia effective September 30, 2023 (the "2023 MRE").
Aris Mining will file an updated technical report in support of the 2023 MRE within 45 days of this news release.
https://www.aris-mining.com/news/news-details/2023/ARIS-MINING-INCREASES-SEGOVIA-OPERATIONS-MEASURED-AND-INDICATED-MINERAL-RESOURCES-BY-114-TO-3.6-MOZ-AT-14.34-gt-AU/default.aspx
Neil Woodyer, CEO of Aris Mining, commented "In early 2023, Aris Mining launched a strategic exploration and infill drill program at
the Segovia Operations and a review of the geological interpretation and resource estimation methodology.
After assessing the findings of our reviews as well as our impressive mid-year drilling results (see News Release from August 16, 2023),
we decided to expedite the process of updating our mineral resource and mineral reserve estimates. Segovia has a history of expanding its
gold resources and this current estimate represents a leap forward.
We are now in the process of updating the mineral reserve estimates, which is expected to be completed by the end of November."
Figure 1: Growth of gold mineral resources (in million of ounces or Moz), net of production depletion1
https://www.aris-mining.com/news/news-details/2023/ARIS-MINING-INCREASES-SEGOVIA-OPERATIONS-MEASURED-AND-INDICATED-MINERAL-RESOURCES-BY-114-TO-3.6-MOZ-AT-14.34-gt-AU/default.aspx
Watch Update from one of the world's highest-grade gold mine | In Conversation with Aris Mining
Red Cloud TV
10.9K subscribers
Next 100 dollar stock here.
Watch Update from one of the world's highest-grade gold mine | In Conversation with Aris Mining
Red Cloud TV
10.9K subscribers
Update from one of the world's highest-grade gold mine | In Conversation with Aris Mining
Red Cloud TV
10.9K subscribers
ARIS MINING PRODUCED 60,193 OUNCES OF GOLD IN Q3 2023
Aris Mining logo (CNW Group/Aris Mining Corporation)
NEWS PROVIDED BY
Aris Mining Corporation
10 Oct, 2023, 07:00 ET
SHARE THIS ARTICLE
VANCOUVER, BC, Oct. 10, 2023 /PRNewswire/ -
Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) reports third
quarter 2023 gold production of 60,193 ounces, with 53,826 ounces from the Segovia Operations and
6,367 ounces from the Marmato Upper Mine.
The Segovia Operations maintained strong performance throughout September, building on the
impressive record monthly production achieved in August.
https://www.prnewswire.com/news-releases/aris-mining-produced-60-193-ounces-of-gold-in-q3-2023--301951067.html
In the future, Aris Mining plans to provide quarterly gold production updates preceding the release of its quarterly financial statements.
Chart 1: Monthly Gold Production (in ounces), Segovia Operations (CNW Group/Aris Mining Corporation)
Chart 1: Monthly Gold Production (in ounces), Segovia Operations (CNW Group/Aris Mining Corporation)
Q3 2023 Conference Call Details
Aris Mining plans to announce operational and financial results for Q3 2023 after market close on Wednesday, November 8, 2023. Management will host a conference call and webcast on Thursday, November 9, 2023 at 9:30 am PT / 12:30 pm ET.
Webcast link
https://services.choruscall.ca/DiamondPassRegistration/register?confirmationNumber=10022576&linkSecurityString=1a2bc09050 https://services.choruscall.ca/links/arismining2023q3.html
Replay Dial-in
Canada/USA
+1.800.319.6413
International
+1.604.638.9010
Replay access code
0482
Participants can pre-register to join the call automatically, at:
https://services.choruscall.ca/DiamondPassRegistration/register?confirmationNumber=10022576&linkSecurityString=1a2bc09050
After the conference call, a replay of the event will be available at Aris Mining Corporation - Investors - Events & Presentations (aris-mining.com).
About Aris Mining
Aris Mining is a gold producer in the Americas with a growth-oriented strategy. In Colombia,
Aris Mining operates several high-grade underground mines at its Segovia Operations and the
Marmato Mine, which together produced 235,000 ounces of gold in 2022.
Aris Mining is currently advancing construction of the Marmato Lower Mine Expansion project, which
will provide access to wider porphyry mineralization below the current Upper Mine.
Aris Mining also operates the Soto Norte Project joint venture, where environmental licensing is
advancing to develop a new underground gold, silver and copper mine. In Guyana,
Aris Mining is advancing the Toroparu Project, a gold/copper project.
Aris Mining plans to pursue acquisitions and other growth opportunities to unlock value creation from
scale and diversification.
Aris Mining promotes the formalization of artisanal and small-scale mining as this process enables all
miners to operate in a legal, safe and responsible manner that protects them and the environment.
Additional information on Aris Mining can be found at
https://www.aris-mining.com , www.sedarplus.ca, and on
www.sec.gov.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172853545
Forward-Looking Information
This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian and U.S. securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to the Company's plans to provide regular updates on its gold production on a quarterly basis, the timing of the release of the Company's third quarter results and the Company's plans and strategies are forward-looking. When used herein, forward looking terminology such as "expect", "plan", "anticipate", "estimate", "may", "will", "should", "intend", "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate in the circumstances. Many factors could cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the "Risk Factors" section of the Company's most recent AIF and in the Management's Discussion and Analysis for the three and six months ended June 30, 2023, which are available on the Company's profile on SEDAR+ at www.sedarplus.ca and in its filings with the U.S. Securities and Exchange Commission at www.sec.gov. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Aris Mining Corporation
Also from this source
ARIS MINING RELEASES ITS ANNUAL SUSTAINABILITY REPORT
ARIS MINING RELEASES ITS ANNUAL SUSTAINABILITY REPORT
VANCOUVER, BC, Oct. 6, 2023 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) has published its 2022...
ARIS MINING COMMENCES TRADING ON THE NYSE AMERICAN AS "ARMN"
ARIS MINING COMMENCES TRADING ON THE NYSE AMERICAN AS "ARMN"
VANCOUVER, BC, Sept. 14, 2023 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces that the...
More Releases From This Source
gold epicenter of wave C about to take off. very good chance it takes out 2200 this year.
Fed dead ahead, or is that dead head Fed ahead….gonna double this year???? Maybe.
28M oz $Gold in Columbia, Guyana, and Canada | $Aris Mining Interview
ceo bbq
This is an interview with Aris Mining's senior vice president, Tyron Breytenbach.
Aris Mining is a gold producer with 2 producing mines in Columbia,
1 development project in Columbia, 1 development project in Guyana, and
1 development project in Canada.
trunkmonk TIA $Gold Forecast: Gold Prices Could Explode Higher, and Soon
AG Thorson
Technical Analysis Expert & Editor @ GoldPredict.com
September 15, 2023
https://www.gold-eagle.com/article/gold-forecast-gold-prices-could-explode-higher-and-soon
CENTRAL BANKS & BILLIONAIRES ARE BUYING GOLD AT THE FASTEST PACE IN HISTORY
WATCH
https://www.bitchute.com/video/28YR3ejWxUuk/
USA OIL For $fiat-Peanuts - WORTH $900 BILLION! China Buys US Super Oil Field For $1.7 Billion
Obama/Biden giving US away
[
TPRFF changed to ARMN. Moved to the NYSE AMEX from the OTC:
https://otce.finra.org/otce/dailyList?viewType=Deletions
I’m tellin ya, this is next hundred dolla holla.
ARIS MINING ANNOUNCES RECORD SEGOVIA OPERATIONS GOLD PRODUCTION
September 11, 2023
https://www.aris-mining.com/news/news-details/2023/ARIS-MINING-ANNOUNCES-RECORD-SEGOVIA-OPERATIONS-GOLD-PRODUCTION/default.aspx
ARIS MINING TO LIST COMMON SHARES ON NYSE AMERICAN, DRIVEN BY OUR GROWTH AND PROJECT ADVANCEMENTS
Aris Mining logo (CNW Group/Aris Mining Corporation)
NEWS PROVIDED BY
Aris Mining Corporation
06 Sep, 2023, 07:00 ET
https://www.prnewswire.com/news-releases/aris-mining-to-list-common-shares-on-nyse-american-driven-by-our-growth-and-project-advancements-301918469.html
VANCOUVER, BC, Sept. 6, 2023 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (OTCQX: TPRFF) announces that it has received approval to list its common shares on the NYSE American LLC (NYSE American). Since the launch of Aris Gold two years ago, Aris Mining has grown to include two operating mines producing over 230,000 ounces of gold per year and generated US$153 million of Adjusted EBITDA1. The Company's growth continues with the in-progress construction of the Marmato Lower Mine, following receipt of permits in July 2023. Aris Mining is also advancing the Soto Norte gold/copper project, which is positioned to become one of Colombia's largest and most advanced underground mines.
Neil Woodyer, CEO of Aris Mining, commented "Listing Aris Mining on the NYSE American will increase our visibility to investors in the United States and internationally. We are optimizing our operations with a focus on cash flow generation, extending mine life, building new mines, and exploring acquisitions. Aris Mining has a strong balance sheet and we believe we are on track to produce 400,000 ounces of gold in Colombia in 2026, based on steady-state production from our Segovia Operations and the expanded Marmato Mine. As we step forward, our strategy is centered around the belief that successful mining in Colombia hinges on our collaboration with and support of local Artisanal and Small-Scale Miners."
Trading of the Company's common shares on the NYSE American is expected to commence on or about Thursday, September 14, 2023 under the symbol "ARMN", with trading on the OTCQX to cease concurrent with the NYSE American listing. The Company will remain listed on the Toronto Stock Exchange under the symbol "ARIS".
About Aris Mining
Aris Mining is a gold producer in the Americas with a growth-oriented strategy. In Colombia, Aris Mining operates several high-grade underground mines at its Segovia Operations and the Marmato Mine, which together produced 235,000 ounces of gold in 2022. Aris Mining is currently advancing the Marmato Lower Mine Expansion project, which will provide access to wider porphyry mineralization below the current Upper Mine. Aris Mining plans to pursue acquisitions and other growth opportunities to unlock value creation from scale and diversification.
Aris Mining promotes the formalization of artisanal and small-scale mining as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.
Additional information on Aris Mining can be found at www.aris-mining.com and www.sedarplus.ca.
Non-IFRS Measures
Adjusted EBITDA is a non-IFRS financial measure included in this news release. This measure does not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. For full details on this measure, refer to the "Non-IFRS Measures" section of the Company's Management's Discussion and Analysis (MD&As) for the periods ended June 30, 2023, December 31, 2022 and June 30, 2022 for a reconciliation of Adjusted EBITDA for the relevant periods. The MD&As are incorporated by reference into this news release and are available on the Company's profile on SEDAR+ at www.sedarplus.ca.
Forward-Looking Information
This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to the commencement of trading of the Company's common shares on the NYSE American and the ceasing of trading on the OTCQX and the timing thereof, growth plans pertaining to the Marmato Lower Mine and the Soto Norte Project, and expected benefits thereof including anticipated production in 2026, and the Company's plans and strategies are forward-looking. When used herein, forward looking terminology such as "expect", "plan", "anticipate", "estimate", "may", "will", "should", "intend", "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate in the circumstances. Many factors could cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the "Risk Factors" section of the Company's most recent AIF and in the Management's Discussion and Analysis for the three and six months ended June 30, 2023, which are available on the Company's profile on SEDAR+ at www.sedarplus.ca. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
_______________________________
1 Adjusted EBITDA for the 12 month period ended June 30, 2023 is a non-IFRS financial measure. This measure does not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. Refer to the Non-IFRS Measures section below for more details.
SOURCE Aris Mining Corporation
https://www.prnewswire.com/news-releases/aris-mining-to-list-common-shares-on-nyse-american-driven-by-our-growth-and-project-advancements-301918469.html
$TPRFF This article looks at what is likely to emerge as a replacement currency system, and
concludes that from practical and legal aspects, bitcoin and
the entire cryptocurrency industry will fail with fiat,
while mankind will return to gold, as it has always done in the past
when state control over currency fails. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/hedging-the-end-of-fiat?gmrefcode=gata
$ARIS MINING REPORTS Q2 2023 FINANCIAL AND OPERATING RESULTS
August 09, 2023
Download(opens in new window)
VANCOUVER, BC, Aug. 9, 2023 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (OTCQX: TPRFF) announces financial and operating results for the three and six months ended June 30, 2023 (H1 2023). All amounts are in US dollars unless otherwise indicated.
https://www.prnewswire.com/news-releases/aris-mining-reports-q2-2023-financial-and-operating-results-301897363.html
Bullish
BULLISH
ARIS MINING TO LIST COMMON SHARES ON NYSE AMERICAN, DRIVEN BY OUR GROWTH AND PROJECT ADVANCEMENTS
Aris Mining logo (CNW Group/Aris Mining Corporation)
NEWS PROVIDED BY
Aris Mining Corporation
06 Sep, 2023, 07:00 ET
https://www.prnewswire.com/news-releases/aris-mining-to-list-common-shares-on-nyse-american-driven-by-our-growth-and-project-advancements-301918469.html
VANCOUVER, BC, Sept. 6, 2023 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (OTCQX: TPRFF) announces that it has received approval to list its common shares on the NYSE American LLC (NYSE American). Since the launch of Aris Gold two years ago, Aris Mining has grown to include two operating mines producing over 230,000 ounces of gold per year and generated US$153 million of Adjusted EBITDA1. The Company's growth continues with the in-progress construction of the Marmato Lower Mine, following receipt of permits in July 2023. Aris Mining is also advancing the Soto Norte gold/copper project, which is positioned to become one of Colombia's largest and most advanced underground mines.
Neil Woodyer, CEO of Aris Mining, commented "Listing Aris Mining on the NYSE American will increase our visibility to investors in the United States and internationally. We are optimizing our operations with a focus on cash flow generation, extending mine life, building new mines, and exploring acquisitions. Aris Mining has a strong balance sheet and we believe we are on track to produce 400,000 ounces of gold in Colombia in 2026, based on steady-state production from our Segovia Operations and the expanded Marmato Mine. As we step forward, our strategy is centered around the belief that successful mining in Colombia hinges on our collaboration with and support of local Artisanal and Small-Scale Miners."
Trading of the Company's common shares on the NYSE American is expected to commence on or about Thursday, September 14, 2023 under the symbol "ARMN", with trading on the OTCQX to cease concurrent with the NYSE American listing. The Company will remain listed on the Toronto Stock Exchange under the symbol "ARIS".
About Aris Mining
Aris Mining is a gold producer in the Americas with a growth-oriented strategy. In Colombia, Aris Mining operates several high-grade underground mines at its Segovia Operations and the Marmato Mine, which together produced 235,000 ounces of gold in 2022. Aris Mining is currently advancing the Marmato Lower Mine Expansion project, which will provide access to wider porphyry mineralization below the current Upper Mine. Aris Mining plans to pursue acquisitions and other growth opportunities to unlock value creation from scale and diversification.
Aris Mining promotes the formalization of artisanal and small-scale mining as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.
Additional information on Aris Mining can be found at www.aris-mining.com and www.sedarplus.ca.
Non-IFRS Measures
Adjusted EBITDA is a non-IFRS financial measure included in this news release. This measure does not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. For full details on this measure, refer to the "Non-IFRS Measures" section of the Company's Management's Discussion and Analysis (MD&As) for the periods ended June 30, 2023, December 31, 2022 and June 30, 2022 for a reconciliation of Adjusted EBITDA for the relevant periods. The MD&As are incorporated by reference into this news release and are available on the Company's profile on SEDAR+ at www.sedarplus.ca.
Forward-Looking Information
This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to the commencement of trading of the Company's common shares on the NYSE American and the ceasing of trading on the OTCQX and the timing thereof, growth plans pertaining to the Marmato Lower Mine and the Soto Norte Project, and expected benefits thereof including anticipated production in 2026, and the Company's plans and strategies are forward-looking. When used herein, forward looking terminology such as "expect", "plan", "anticipate", "estimate", "may", "will", "should", "intend", "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate in the circumstances. Many factors could cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the "Risk Factors" section of the Company's most recent AIF and in the Management's Discussion and Analysis for the three and six months ended June 30, 2023, which are available on the Company's profile on SEDAR+ at www.sedarplus.ca. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
_______________________________
1 Adjusted EBITDA for the 12 month period ended June 30, 2023 is a non-IFRS financial measure. This measure does not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. Refer to the Non-IFRS Measures section below for more details.
SOURCE Aris Mining Corporation
https://www.prnewswire.com/news-releases/aris-mining-to-list-common-shares-on-nyse-american-driven-by-our-growth-and-project-advancements-301918469.html
$TPRFF This article looks at what is likely to emerge as a replacement currency system, and
concludes that from practical and legal aspects, bitcoin and
the entire cryptocurrency industry will fail with fiat,
while mankind will return to gold, as it has always done in the past
when state control over currency fails. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/hedging-the-end-of-fiat?gmrefcode=gata
$ARIS MINING REPORTS Q2 2023 FINANCIAL AND OPERATING RESULTS
August 09, 2023
Download(opens in new window)
VANCOUVER, BC, Aug. 9, 2023 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (OTCQX: TPRFF) announces financial and operating results for the three and six months ended June 30, 2023 (H1 2023). All amounts are in US dollars unless otherwise indicated.
https://www.prnewswire.com/news-releases/aris-mining-reports-q2-2023-financial-and-operating-results-301897363.html
I read it, kinda extreme view about crypto but spot on for gold. The world not only needs to return to it, it must. But I also believe silver will become much more important in coming world economy, and some cryptos will be used for money transfers between countries.in fact I believe the first crypto to be backed by instant transfer to silver or gold will survive it all, and may be next trillionaires in the process.
$TPRFF This article looks at what is likely to emerge as a replacement currency system, and
concludes that from practical and legal aspects, bitcoin and
the entire cryptocurrency industry will fail with fiat,
while mankind will return to gold, as it has always done in the past
when state control over currency fails. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/hedging-the-end-of-fiat?gmrefcode=gata
$ARIS MINING REPORTS Q2 2023 FINANCIAL AND OPERATING RESULTS
August 09, 2023
Download(opens in new window)
VANCOUVER, BC, Aug. 9, 2023 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (OTCQX: TPRFF) announces financial and operating results for the three and six months ended June 30, 2023 (H1 2023). All amounts are in US dollars unless otherwise indicated.
https://www.prnewswire.com/news-releases/aris-mining-reports-q2-2023-financial-and-operating-results-301897363.html
$Aris Mining Presentation Wednesday
Join Aris Minimg on Aug 23, for a presentation at the @RedCloudVan Roadshow with
SVP Capital Markets of $ARIS, Tyron Breytenbach & VP IR, Kettina Cordero. We have 2 sessions at 10am PT & 1pm PT in Vancouver.
Learn about Aris Mining's plans for 2023 & more.
RSVP: lmclennan@redcloudfs.com
I like the fact that the company has hired a new VP of IR. On paper she looks very impressive. I have posted her LinkedIn Profile below.
Investor Relations and communications professional with more than 15 years’ experience working strategically with executive management to develop and
execute successful Investor Relations and communications programs.
Energetic and results driven, builds solid relationships within the organization and with the investment community. Has a deep understanding of Latin American
geopolitical and cultural issues as well as excellent written and verbal communications skills in English and Spanish, and conversational German.
CisionView original content to download multimedia:
https://www.prnewswire.com/news-releases/aris-mining-reports-q2-2023-financial-and-operating-results-301897363.html
SOURCE Aris Mining Corporation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172038293
$BRICS 2023 Summit Key Takeaways, Day 1 Overview and Future Goals
Lena Petrova, CPA - Finance, Economics & Tax 146K subscribers
ARIS MINING REPORTS Q2 2023 FINANCIAL AND OPERATING RESULTS
August 09, 2023
Download(opens in new window)
VANCOUVER, BC, Aug. 9, 2023 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (OTCQX: TPRFF) announces financial and operating results for the three and six months ended June 30, 2023 (H1 2023). All amounts are in US dollars unless otherwise indicated.
Aris Mining logo (CNW Group/Aris Mining Corporation)
https://www.prnewswire.com/news-releases/aris-mining-reports-q2-2023-financial-and-operating-results-301897363.html
Aris Mining CEO Neil Woodyer stated: "Since the merger with GCM Mining in September 2022, Aris Mining has been making continuous progress in the integration and transformation of our Colombian operations. We've been diligently advancing our growth projects by closely collaborating with local stakeholders. With the acquisition of permits and secure funding in place, we are poised to commence construction on the Marmato Lower Mine project in late Q3 2023.
Additionally, our efforts are focused on driving forward the Soto Norte project. Notably, this project has recently received confirmation of its location outside the Páramo de Santurbán, a protected area of the Andes mountains. This affirmation comes after a favorable delimitation process completed in June 2023, involving local communities and government authorities in the four municipalities associated with the project.
During the six-months ending on June 30, we achieved significant milestones. Our gold sales reached 103,386 ounces, resulting in $68 million in income from mining operations. A particular emphasis of our operations review has been on the Segovia Operations business structure. Here, approximately 55% of our production stems from the traditional 'owner-operated' mining approach, while the remaining 45% originates from 'partner-operated' mining. This partner-operated mining category encompasses our contractor workforce as well as the acquisition of mill-feed from artisanal and small-scale miner units.
Our 'for-profit' partnerships with community-based groups introduce two distinct operating cost structures at the Segovia Operations. During H1 2023, the all-in sustaining costs from our owner-operated mining operations were $1,007 per ounce of gold1. In contrast, the AISC from partner-operated mining operations was $1,236 per ounce of gold1. It's notable that our partner-operated cost structure primarily hinges on a percentage of the spot gold price.
Anticipating an upswing in partner-operated mining activities for the latter half of 2023, we have developed projections based on an average gold price of $1,900 per ounce. As a result, we are revising our overall 2023 outlook for the Segovia Operations AISC to a range of between $1,125 and $1,175 per ounce of gold."
Operations Review – H1 2023
Total production of 104,906 ounces of gold from the Segovia Operations (94,395 ounces) and the Marmato Upper Mine (10,511 ounces).
Segovia Operations had attributable gold production from owner-operated mining of 52,732 ounces at an AISC of $1,007 per ounce, and 41,663 ounces from partner-operated mining at an AISC of $1,236 per ounce.
Income from mining operations of $68.0 million.
EBITDA of $51.6 million1 and adjusted EBITDA of $78.2 million1.
Expenditures of $30.9 million on growth capital, including $10.2 million at the Segovia Operations, $11.3 million at the Marmato Upper and Lower Mines, and $9.3 million at the Toroparu Project1.
Net earnings of $2.9 million or $0.02 per share.
Adjusted earnings of $26 million or $0.19 per share1.
Cash and cash-equivalents of $214.3 million as of June 30, 2023, following a $52.9 million annual tax payment in Q2 related to Segovia Operations taxable income from 2022.
Full Year 2023 Outlook
To continue developing and expanding the 'partner-operated' mining model across the Segovia Operations, Marmato Mine and the Soto Norte Project. This commitment is rooted in our firm belief that cultivating 'for-profit' community partnerships is the most effective way to drive the sustained growth of our business within the Colombian landscape; it not only bolsters the well-being of those involved but also contributes to the broader objective of responsible mining practices.
Based on H1 production and H2 outlook (see table below), the Segovia Operations are expected to produce between 195,000 and 210,000 ounces at an AISC of between $1,125 and $1,175 per ounce during 2023.
The Marmato Lower Mine construction plan is expected to allow the existing Upper Mine to continue producing gold in the range of 20,000 to 30,000 ounces during 2023, in line with the 25,216 ounces produced in 2022.
On a consolidated basis, Aris Mining expects to produce between 220,000 and 240,000 ounces during 2023, which compares to the previous guidance range of between 230,000 and 270,000 ounces.
Segovia Operations – Mid-year 2023 Outlook
H1
H2 Outlook
FY 2023 Outlook
Actual
Low
-
High
Low
-
High
Owner-operated mining (ounces)1
52,732
57,000
-
66,000
111,000
-
118,000
Attributable AISC/oz
$ 1,007
$ 950
-
$ 1,050
$1,000
-
$ 1,050
Partner-operated mining (ounces)2
41,663
43,000
-
51,000
84,000
-
92,000
Attributable AISC/oz
$ 1,236
$ 1,200
-
$ 1,300
$1,250
-
$ 1,300
Total Segovia Operations
94,395
100,000
-
115,000
195,000
-
210,000
AISC/oz, total mining operations
$ 1,108
$ 1,145
-
$ 1,245
$ 1,125
-
$ 1,175
Previous 2023 production guidance for Segovia Operations
200,000
-
230,000
Previous 2023 AISC/oz guidance for Segovia Operations3
$950
-
$1,050
1.
Attributable production from Company-operated areas within the mines, utilizing owner-managed labour.
2.
Attributable production from contractor-operated and other artisanal and small-scale mining operations under contract to deliver the mill feed mined to the Company's Maria Dama plant for processing.
3.
Previous 2023 AISC/oz guidance was based on partner-operated mining operations costs assuming a gold price of $1,700/oz
___________________________________________
1 Refer to the Non-IFRS Measures section for a reconciliation of AISC ($ per oz sold) EBITDA, adjusted EBITDA, adjusted earnings and expenditures on growth capital to the most directly comparable financial measure disclosed in the Company's Q2 2023 financial statements.
Additional Q2 2023 and H1 2023 Financial and Operating Highlights
Three months ended
Three months ended
Six months ended
June 30, 2023
March 31, 2023
June 30, 2023
Gold sold (ounces)
54,228
49,158
103,386
Gold produced (ounces)
54,003
50,903
104,906
Average realized gold price ($/ounce sold)
1,959
1,869
1,888
Gold Revenue ($'000)
106,239
91,863
198,102
Cash costs ($/ounce sold)1
1,019
922
973
AISC – all operations ($/ounce sold)1
1,234
1,214
1,225
Income from mining operations ($'000)
34,877
33,152
68,029
EBITDA ($'000)1
30,496
21,105
51,601
Adjusted EBITDA ($'000)1
39,528
38,646
78,174
Net earnings (loss) ($'000)
8,258
(5,401)
2,857
Adjusted earnings ($'000)1
14,837
11,176
26,013
Earnings (loss) per share – basic ($)
0.06
(0.04)
0.02
Adjusted earnings per share – basic ($)1
0.11
0.08
0.19
Balance sheet, as at ($000s)
June 30, 2023
December 31, 2022
Cash and cash equivalents
214,344
299,461
Total assets
1,235,023
1,242,120
Total debt2
Senior Notes
300,000
300,000
Gold Notes
62,312
66,006
Convertible Debentures
13,593
13,300
Shareholders' equity
570,679
501,375
1.
Refer to the Non-IFRS Measures section for full details on cash costs ($ per oz sold), AISC ($ per oz sold), EBITDA, adjusted EBITDA, adjusted earnings and additions to mining interests. Comparative cash cost and AISC values have been adjusted from amounts disclosed prior to Q3 2022 following a change in the methodology used to calculate total cash costs ($ per oz sold) and AISC ($ per oz sold) in Q3 of 2022.
2.
The principal of current and long-term debt as at June 30, 2023 are as disclosed in Note 10 to the Interim Financial Statements.
Aris Mining's Q2 2023 interim financial statements and related MD&A are available on SEDAR+ and in the Financials section of Aris Mining's website here.
About Aris Mining
Aris Mining is a Canadian company led by an executive team with a track record of creating value through building globally relevant mining companies. In Colombia, Aris Mining operates several high-grade underground mines at its Segovia Operations and the Marmato Mine, which together produced 235,000 ounces of gold in 2022. Aris Mining is currently advancing the Marmato Lower Mine Expansion project, which will provide access to wider porphyry mineralization below the current Upper Mine. Following completion and ramp up of the Marmato Lower Mine Expansion project in 2025, the Marmato Mine is expected to deliver average production of 162,000 ounces per year over a nearly 20-year mine life from the existing mineral reserves2. Aris Mining also operates the Soto Norte Project joint venture, where environmental licensing is advancing to develop a new underground gold, silver and copper mine. In Guyana, Aris Mining is advancing the Toroparu Project, a gold/copper project. Aris Mining plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.
Aris Mining promotes the formalization of artisanal and small-scale mining as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.
Additional information on Aris Mining can be found at www.aris-mining.com and www.sedarplus.ca.
Cautionary Language
Non-IFRS Measures
Cash costs ($ per oz sold), AISC ($ per oz sold), EBITDA, adjusted EBITDA, adjusted (loss)/earnings and expenditures on growth capital are non-IFRS financial measures and non-IFRS ratios contained in this document. These measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. For full details on these measures and ratios refer to the "Non-IFRS Measures" section of the Company's Management's Discussion and Analysis for the three months and six months ended June 30, 2023 (MD&A). The MD&A is incorporated by reference into this news release and is available on the Company's profile on SEDAR+ at www.sedarplus.ca.
The tables below reconcile the non-IFRS financial measures contained in this news release for the current and comparative periods to the most directly comparable financial measure disclosed in the Company's Q2 2023 financial statements.
_______________________________________
2 See section entitled Qualified Person and Technical Information for the reference to technical information.
Total cash costs
Segovia Operations
Total Operations
Three months ended,
Six months ended,
Three months ended,
Six months ended,
($000s except per ounce amounts)
Jun 30, 2023
Mar 31, 2023
Jun 30, 2023
Jun 30, 2023
Mar 31, 2023
Jun 30, 2023
Total gold sold (ounces)
48,381
44,908
93,289
54,228
49,158
103,386
Cost of sales1
51,030
44,083
95,113
62,947
53,705
116,652
Less: royalties1
(3,488)
(2,660)
(6,148)
(4,615)
(3,410)
(8,025)
Less: by-product revenue1
(2,755)
(4,877)
(7,632)
(3,077)
(5,043)
(8,120)
Less: other adjustments
-
-
-
-
77
77
Total cash costs
44,787
36,546
81,333
55,255
45,329
100,584
Total cash costs ($ per oz gold
sold)
926
814
872
1,019
922
973
1.
As presented in the Interim Financial Statements and notes for the respective periods.
All-in sustaining costs (AISC)
Segovia Operations
Total Operations
Three months ended,
Six months ended,
Three months ended,
Six months ended,
($000s except per ounce amounts)
Jun 30, 2023
Mar 31, 2023
Jun 30, 2023
Jun 30, 2023
Mar 31, 2023
Jun 30, 2023
Total gold sold (ounces)
48,381
44,908
93,289
54,228
49,158
103,386
Total cash costs
44,787
36,546
81,333
55,255
45,329
100,584
Add: royalties 1
3,488
2,660
6,148
4,615
3,410
8,025
Add: social programs 1
2,419
2,404
4,823
2,666
2,404
5,070
Add: sustaining capital
expenditures
2,450
7,332
9,782
3,812
7,867
11,679
Add: lease payments on sustaining
capital
588
656
1,243
588
656
1,243
Total cash costs
53,732
49,598
103,329
66,936
59,666
126,601
Total cash costs ($ per oz gold sold)
1,111
1,104
1,108
1,234
1,214
1,225
1.
The Marmato Mine was purchased as part of the Aris Mining Transaction on September 26, 2022, as such prior year comparatives are not applicable to the Company.
The table below reconciles the cash cost per ounce sold and the AISC per ounce sold for ore sourced from owner-operated mines and other partner-operated mines to the totals for the consolidated Segovia Operations:
Six months ended June 30, 2023
Owner Operated mining1
Partner Operated mining2
Total Segovia
Attributable gold sold (ounces)
52,120
41,169
93,289
Total cash costs ($'000)3
35,805
45,528
81,333
Cash cost per ounce sold ($/ounce)3
$ 687
$ 1,106
$ 872
All-in sustaining costs ($'000)3
52,462
50,867
103,329
AISC cost per ounce sold ($/ounce)3
$ 1,007
$ 1,236
$ 1,108
1.
Includes Company-operated areas within the mines, utilizing owner-managed labour.
2.
Comprises contractor-operated and other small-scale mining operations within the Company's mining title that are operated by miners under contract to deliver the mill feed mined to the Company's Maria Dama plant for processing.
3.
Refer to the Non-IFRS Measures section for full details on cash costs ($ per oz sold) and AISC ($ per oz sold). Comparative cash cost and AISC values have been adjusted from amounts previously disclosed following a change in the methodology used to calculate total cash costs ($ per oz sold) and AISC ($ per oz sold) in Q3 of 2022.
Additions to mineral interests, plant and equipment
Three months ended,
Six months ended,
($'000)
June 30, 2023
March 31, 2023
June 30, 2022
June 30, 2023
June 30, 2022
Sustaining capital
Segovia Operations
2,450
7,332
11,176
9,782
19,698
Marmato Upper Mine1
1,362
535
-
1,897
-
Total
3,812
7,867
11,176
11,679
19,698
Non-sustaining growth capital
Segovia Operations
7,639
2,641
3,169
10,280
8,168
Toroparu Project
4,625
4,690
24,228
9,315
30,964
Marmato Lower Mine1
6,126
3,881
-
10,007
-
Marmato Upper Mine1
645
681
-
1,326
-
Juby Project1
-
33
-
33
-
Total
19,035
11,926
27,397
30,961
39,132
Total Additions 2
22,847
19,793
38,573
42,640
58,830
1.
The Marmato Mine and Juby Project were purchased as part of the Aris Mining Transaction on September 26, 2022, as such prior year comparatives are not applicable to the Company.
2.
As presented in the Interim Financial Statements and notes for the respective periods
Earnings before interest, taxes, depreciation, and amortization (EBITDA) and adjusted EBITDA
Three months ended,
Six months ended,
($000s)
June 30, 2023
March 31, 2023
June 30, 2022
June 30, 2023
June 30, 2022
Earnings (loss) before tax1
17,283
6,751
58,100
24,034
78,890
Add back:
Depreciation and depletion1
8,825
7,646
8,965
16,471
17,201
Finance income1
(2,358)
(2,173)
(1,572)
(4,531)
(2,079)
Interest and accretion1
6,746
8,881
6,539
15,627
12,938
EBITDA
30,496
21,105
72,032
51,601
106,950
Add back:
Share-based compensation1
459
1,147
(1,148)
1,606
60
Revaluation of investments (Denarius) 1
10,023
-
-
10,023
-
Loss from equity accounting in investee1
1,427
3,241
1,095
4,668
2,127
(Gain) loss on financial instruments1
(10,114)
10,810
(25,230)
696
(17,914)
Foreign exchange (gain) loss1
7,237
2,343
(1,094)
9,580
(439)
Adjusted EBITDA
39,528
38,646
45,655
78,174
90,784
1.
As presented in the Financial Statements and notes for the respective periods.
Adjusted net earnings and adjusted net earnings per share
Three months ended,
Six months ended,
($000s except shares amount)
June 30, 2023
March 31, 2023
June 30, 2022
June 30, 2023
June 30, 2022
Basic weighted average shares outstanding
136,229,686
136,188,570
97,913,264
136,616,968
97,850,225
Diluted weighted average shares outstanding
140,289,533
136,188,570
108,125,857
141,236,861
109,022,012
Net earnings (loss) 1
8,258
(5,401)
38,965
2,857
44,203
Add back:
Share-based compensation1
459
1,147
(1,148)
1,606
60
Revaluation of investments (Aris Gold/Denarius) 1
10,023
-
-
10,023
-
(Income) loss from equity accounting in investee1
1,427
3,241
1,095
4,668
2,127
(Gain) loss on financial instruments1
(10,114)
10,810
(25,230)
696
(17,914)
Foreign exchange (gain) loss1
7,237
2,343
(1,094)
9,580
(439)
Income tax effect on adjustments
(2,453)
(964)
(84)
(3,417)
(105)
Adjusted net (loss) / earnings
14,837
11,176
12,504
26,013
27,932
Per share – basic ($/share)
0.11
0.08
0.13
0.19
0.29
1.
As presented in the Interim Financial Statements and notes for the respective periods.
Qualified Person and Technical Information
Pamela De Mark, P.Geo., Senior Vice President, Technical Services of Aris Mining, is a Qualified Person as defined by National Instrument 43-101 (NI 43-101) and has reviewed and approved the technical information contained in this news release.
Scientific and technical information concerning the Marmato Mine is summarized, derived, or extracted from the technical report entitled "Technical Report for the Marmato Gold Mine, Caldas Department, Colombia, Pre-Feasibility Study of the Lower Mine Expansion Project" dated November 23, 2022 with an effective date of June 30, 2022, prepared by Ben Parsons, MAusIMM (CP), Anton Chan, Peng, Brian Prosser, PE, Joanna Poeck, SME-RM, Eric J. Olin, SME-RM, MAusIMM, Fredy Henriquez, SME, ISRM, David Hoekstra, PE, NCEES, SME-RM, Mark Allan Willow, CEM, SME-RM, Vladimir Ugorets, MMSA, Colleen Crystal, PE, GE, Kevin Gunesch, PE, Tommaso Roberto Raponi, P.Eng, David Bird, PG, SME-RM, and Pamela De Mark, P.Geo., each of whom is a "Qualified Person" as such term is defined in NI 43-101, and with the exception of Pamela De Mark of Aris Mining, are independent of the Company within the meaning of NI 43-101, and is available for review on the Company's website at www.aris-mining.com and on the Company's profile on SEDAR+ at www.sedarplus.ca.
Forward-Looking Information
This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to the construction of the Marmato Lower Mine and the advancement of the Soto Norte project and the details and timing thereof, the anticipated upswing in partner-operated mining operations, gold price assumptions, the updated 2023 production and AISC outlook for the Segovia Operations and the Marmato Upper Mine, statements and information under the headings "Full Year 2023 Outlook" and "Segovia Operations – Mid-year Outlook", and the Company's plans and strategies are forward-looking. Generally, the forward-looking information and forward looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The material factors or assumptions used to develop forward looking information or statements are disclosed throughout this presentation.
Forward looking information and forward looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Mining to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to those factors discussed in the section entitled "Risk Factors" in Aris Mining's annual information form dated March 31, 2023 and available on SEDAR+ at www.sedarplus.ca.
Although Aris Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company has and continues to disclose in its Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aris Mining disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.
This news release contains information that may constitute future-orientated financial information or financial outlook information (collectively, FOFI) about the Company's prospective financial performance, financial position or cash flows, all of which is subject to the same assumptions, risk factors, limitations and qualifications as set forth above. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise or inaccurate and, as such, undue reliance should not be placed on FOFI. The Company's actual results, performance and achievements could differ materially from those expressed in, or implied by, FOFI. The Company has included FOFI in order to provide readers with a more complete perspective on the Company's future operations and management's current expectations relating to the Company's future performance. Readers are cautioned that such information may not be appropriate for other purposes. FOFI contained herein was made as of the date of this news release. Unless required by applicable laws, the Company does not undertake any obligation to publicly update or revise any FOFI statements, whether as a result of new information, future events or otherwise.
CisionView original content to download multimedia:
https://www.prnewswire.com/news-releases/aris-mining-reports-q2-2023-financial-and-operating-results-301897363.html
SOURCE Aris Mining Corporation
VIEW ALL NEWS
NYBob, I still have my big ARIS position. Have you looked at I-80? Multiple super rich gold deposits, I have taken big position yesterday.
Riddle me this, riddle me that. The US debt got downgraded to AA+ from AAA.
The Dow then sold.of to the tune of 400 points.
As always all stocks sell off. The gold miners will reverse before the other industries.
Don't be a weak hand as thats what the big boys are hoping as they load up.
Hold your shares. Blue Sky Breakout coming soon to a theatre near you!!!
President Ronald Reagan - “Money Printing Causing Crippling Inflation” Returning to Gold Standard Priority #1
Gold Silver Index
Can't have unlicensed trannies running around creating havoc now can we!
ARIS MINING ANNOUNCES RECEIPT OF LICENSE TO TRANSFORM MARMATO MINE AND NEW PATH FORWARD FOR GOLD PROJECTS IN COLOMBIA
T.ARIS
VANCOUVER, BC, July 12, 2023 /PRNewswire/ -
Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (OTCQX: TPRFF) announces it
has received approval from the Corporación Autónoma Regional del Caldas (Corpocaldas), a
regional environmental authority in Colombia, of the Environmental Management Plan (PMA) which
now
permits the development of the Marmato Lower Mine.
Aris Mining (CNW Group/Aris Mining Corporation)
Construction of the new underground mine will provide access to the wider porphyry mineralization
below the current Upper Mine, which allows for bulk mining methods in the Lower Mine.
The Upper and Lower Mine has a measured and indicated mineral resource of 6.0 million ounces
(Moz) of gold, which includes a proven and probable mineral reserve of 3.2 Moz.
The Marmato Mine is expected to deliver average production of 162,000 ounces per year over a
nearly 20-year mine life from the mineral reserves.1
Aris Mining CEO Neil Woodyer stated:
"This is a milestone for Aris Mining as it will grow Marmato's gold production five-fold and, following
construction, our Colombian gold production from Segovia and Marmato will be approximately
400,000 oz per year.
View original content to download multimedia:
https://www.prnewswire.com/news-releases/aris-mining-announces-receipt-of-license-to-transform-marmato-mine-and-new-path-forward-for-gold-projects-in-colombia-301876024.html
SOURCE Aris Mining Corporation
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172276802
Aris Mining Corp - Hey management -
Not to bother you while you are busy, but how about a news release explaining why the stock price is
too high?
I can only surmise you think it is too high since you seem so GD adamant about NOT DOING A
BUYBACK.
Now, I'll admit I'm not a mining genius like you boys, but I did get a finance degree and
spent 20 years as a broker.
And from where I'm sitting you have a boatload of cash earning next to nothing with a stock price at,
what, half, maybe a quarter of real value?
Don't you have warrants that could be exercised and add more cash.
Well, maybe that's the fly in the ointment, you don't want them exercised.
Not sure what you dim bulbs are thinking, but sure would be nice if you released something
explaining why you think the price is too high and why you want the stock below
warrant exercise price.
Little backwards from what they teach in finance classes.
While Serafino did a lot of self serving deals that didn't benefit shareholders, he at least had the
cajones to post here.
He also had a dividend and stock buyback.
Maybe you guys are in with the shorts and are loving what is happening?
But, the shareholders here are looking at a gold price a mere $100 under all time highs and
you sit on your hands afraid to spend a few million to screw the shorts, help shareholders and
make an instant profit for the company.
But, I imagine it's nap time for you underachievers, so I won't bother you anymore today.
T
Post by tsoprano24 on Jul 10, 2023 11:38am
WATCH: Red Cloud Financial Services Webinar Series Presents:
Hear what Aris Mining's SVP of Capital Markets, Tyron Breytenbach, had to say about their team and
gold production.
WATCH: Red Cloud Financial Services Webinar Series Presents:
Hear what Aris Mining's SVP of Capital Markets, Tyron Breytenbach, had to say about their team and
gold production.
Well done sir.
http://www.321gold.com/editorials/hoye/hoye063023.pdf
TM Thanks I agree; It’s gonna be huge, bigger than I ever imagined. Raising debt ceiling is the most
irresponsible thing the
government has done since Nixon took the dollar of gold standard. China will crush us without firing a
shot and they are loving it.
https://www.thedailydoom.com/p/the-treasury-storm-of-the-century
https://kingworldnews.com/billionaire-investor-pierre-lassonde-says-ignore-volatility-gold-is-headed-into-a-mania/
Last chance people.
TORONTO, ON --(Marketwired - May 12, 2016) - Gran Colombia Gold Corp. (TSX: GCM) (OTC PINK: TPRFF) announced today the release of its unaudited condensed consolidated financial statements and accompanying management's discussion and analysis (MD&A) for the three months ended March 31, 2016. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted.
First Quarter 2016 Highlights
Lombardo Paredes Arenas, Chief Executive Officer of Gran Colombia, commenting on the Company's results for the first quarter of 2016, said, "We are making steady progress in the execution of our business plan. The improvement in our adjusted EBITDA, made possible through reductions in our costs and production growth, is enabling us to use our operating cash flow in the short-term to improve our balance sheet by reducing our working capital deficit and, ultimately, is essential for building the cash required to repay our senior debt."
Financial and Operating Summary
A summary of the financial and operating results for the first quarters of 2016 and 2015 follows:
First Quarter | |||||||
2016 | 2015 | ||||||
Operating data: | |||||||
Gold produced (ounces) | 31,489 | 23,973 | |||||
Gold sold (ounces) | 29,686 | 25,332 | |||||
Average realized gold price ($/oz sold) | $ | 1,144 | $ | 1,193 | |||
Total cash costs ($/oz sold) (1) | 685 | 824 | |||||
All-in sustaining costs ($/oz sold) (1) | 790 | 938 | |||||
Financial data ($000's, except per share amounts): | |||||||
Revenue | $ | 34,470 | $ | 30,658 | |||
Adjusted EBITDA (1) | 11,586 | 7,143 | |||||
Net income (loss) attributable to shareholders | 10,826 | (3,315 | ) | ||||
Basic and diluted income (loss) per share | 0.15 | (0.14 | ) | ||||
Adjusted net income (loss) attributable to shareholders (1) | 251 | (1,816 | ) | ||||
Basic and diluted adjusted income (loss) per share (1) | 0.00 | (0.08 | ) | ||||
March 31, | December 31, | ||||||
2016 | 2015 | ||||||
Balance sheet ($000's): | |||||||
Cash and cash equivalents | $ | 3,024 | $ | 3,004 | |||
Senior debt (2) | 78,373 | 100,740 | |||||
Other debt, including current portion | 2,760 | 3,012 |
(1) | Refer to "Additional Financial Measures" in the Company's MD&A. | |
(2) | Represents carrying amounts which are at a discount to principal amounts. Refer to Company's Interim Financial Statements for additional details regarding the 2018 and 2020 Debentures. | |
Segovia Operations
First quarter 2016 gold production at Segovia totalled 25,999 ounces, up 8.9% from the fourth quarter of 2015 and up 40.3% from the first quarter a year ago. An increased volume of higher grade material from the contract mining cooperatives enabled the Company to process an average of 730 tpd with head grades averaging 12.9 g/t in the first quarter of 2016, an improvement from 678 tpd at an average head grade of 12.0 g/t in the fourth quarter of 2015 and 500 tpd at head grades averaging 14.1 g/t in the first quarter a year ago. Gran Colombia is continuing with the mine development and mechanization program according to the optimized mine plan developed in 2015 and expects to produce a total of 96,000 to 110,000 at its Segovia Operations for the full year 2016.
The Company's total cash cost results in the first quarter of 2016 saw a continuation of the trend experienced in 2015 as further devaluation of the Colombian peso against the U.S. dollar, increased production volumes reducing fixed costs on a per ounce basis and costs savings all combined to decrease total cash costs at the Segovia Operations to $659 per ounce, 17% lower than reported for the first quarter last year.
Marmato Operations
At the Marmato Underground mine, the Company processed 820 tpd at an average head grade of 2.6 g/t yielding gold production of 5,490 ounces in the first quarter of 2016, down 11.2% from the fourth quarter of 2015 in which it processed 860 tpd at head grades averaging 2.8 g/t and on par with the first quarter a year ago when it processed 813 tpd at head grades averaging 2.6 g/t. The Company expects to produce a total of 24,000 to 28,000 ounces at its Marmato Operations for the full year 2016.
Further devaluation of the Colombian peso also had a positive impact on Marmato's total cash costs per once in the first quarter of 2016 compared with previous quarters and, despite a decline in head grades resulting in lower gold production that contributed to an increase in its total cash costs to $847 per ounce in the current quarter, Marmato's total cash costs per ounce were still 7% better than the first quarter last year.
Outlook
With a total of 43,542 ounces of gold produced through the first four months of 2016, the Company is well on its way towards its annual gold production guidance for 2016 of approximately 120,000 to 138,000 ounces. The results for total cash costs and AISC per ounce for the first quarter of 2016 were also in line with Gran Colombia's expectations. For the full year 2016, Gran Colombia expects its total cash costs to average between $700 and $750 per ounce, which will be influenced by the exchange rate of the Colombian peso relative to the U.S. dollar and by production volumes during the balance of the year. Gran Colombia also anticipates that its average AISC for the full year will be between $850 and $950 per ounce, reflecting an expected increase in the level of capital investment in its Segovia Operations in the second half of 2016.
Since the debt restructuring closed in January 2016, holders of the 2018 Debentures and the 2020 Debentures have elected to convert $2.3 million and $0.7 million, respectively, into a total of 23.5 million common shares, increasing the issued and outstanding common shares to a total of 137,074,520 and reducing the principal amounts of the 2018 Debentures and 2020 Debentures to $68.8 million and $103.3 million, respectively, at May 12, 2016.
Webcast
As a reminder, the Company will host a conference call and webcast on Friday, May 13, 2016 at 9:30 a.m. Eastern Time to discuss the results.
Webcast and call-in details are as follows:
Live Event link: http://edge.media-server.com/m/p/7hmyqdxe
Toronto & International: 1 (514) 841-2157
North America Toll Free: 1 (866) 215-5508
Colombia Toll Free: 01 800 9 156 924
Conference ID: 42439708
Published: Feb 25, 2016 3:45 p.m. ET
VANCOUVER, Feb. 25, 2016 (Canada NewsWire via COMTEX) -- Frank Giustra and his related entities filed an early warning report pursuant to the early warning requirements of applicable securities laws in Canada with respect to holdings in Gran Colombia Gold Corp. (the "Issuer").
Pursuant to the completion of the Issuer's debt restructuring, Frank Giustra converted Silver Notes into 16,041,913 common shares representing 14.07% of the issued and outstanding shares of the Issuer and Radcliffe Corporation, a company owned and controlled by Frank Giustra, converted Silver Notes into 11,535,940 common shares representing 10.12% of the issued and outstanding common shares of the Issuer and converted Gold Notes into US$260,371 2020 Convertible Debentures representing 1.76% of the Issuer's outstanding 2020 Convertible Debentures.
As a result of the conversions, Frank Giustra directly and indirectly, owns and or controls, in aggregate 25,577,853 common shares of the Issuer, representing 24.18% of the current issued and outstanding shares of the Issuer and would own 29,580,707 common shares, representing 25.49% on a partially diluted basis, assuming the conversion of US$260,371 2020 Convertible Debenture at US$0.13.
Mr. Giustra and his related entities acquired these securities for investment purposes and as disclosed in the Early Warning Report accompanying this news release, may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.
SOURCE Frank Giustra
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2016/25/c3829.html
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