Aris Mining Corp. T.ARIS

Alternate Symbol(s): CLGDF | N.AMNG.NT.U | T.ARIS.WT.A | ARMN

Metals & Mining Gold

Aris Mining Corporation is a gold producer in the Americas. The Company is engaged in operating two mines with expansions underway in Colombia. The Segovia Operation is located in the Segovia-Remedios mining district in the department of Antioquia, Colombia, approximately 180 kilometers (km) northeast of Medellin. The Segovia Operations comprises four active underground gold mining operations, which include El Silencio, Sandra K, Providencia, and Carla. It has over 11 titles with a total area of 5,335.58 hectares (ha). The Marmato underground gold mine is located on the west side of the town of Marmato, in Marmato municipality of Caldas Department, in the Republic of Colombia, approximately 80 km from Medellin and 200 km northwest of the capital city of Bogota. The Company is also the operator and 51% owner of the Soto Norte Project, which is advancing to develop a new underground gold, silver and copper mine. In Guyana, it is advancing the Toroparu, a gold/copper project.

TSX:ARIS - Post by User

Aris Mining Corp.

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Post by ts9222on Nov 16, 2016 11:38am

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Post# 25468746

GCM has $12m cash Pro Forma because Refundable VAT is $9.27m

Refundable VAT is $9.279m as of Sept. 30, 2016.
After receiving the $4m cash in Oct. they have another $5m due to them. Plenty of cash coming down the pipeline.
They have pro forma $12m cash as some companies use pro forma.

Too bad the $4m cash was received after quarter end, otherwise Q3 would have looked even BETTER than it already does.

They are paying higher VAT tax with the higher production, but they will eventually get back a higher VAT refund in future quarters.

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