Aris Mining Corp. T.ARIS

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

Metals & Mining Gold

Aris Mining Corporation is a Canada-based company, which is primarily engaged in the acquisition, exploration, development and operation of gold properties in Colombia, Guyana and Canada. The Company operates the Segovia Operations and Marmato Mine in Colombia. The Segovia Operations are located 180 kilometers (km) northeast of Medellin in the Segovia-Remedios mining district of Antioquia, Colombia. The Marmato mine is located in the Marmato gold district in the Caldas Department, a mountainous region approximately 80 km south of Medellin, Colombia. The Company is also the operator and 20% owner of the Soto Norte Project. The project is located within the traditional mining area of California, Vetas, which is located approximately 350 km north of Bogota and 55 km northeast of the city of Bucaramanga. The Company also owns the Toroparu Project in Guyana and the Juby Project, which covers an area of approximately 42,817 hectares and is located in the Cuyuni-Mazaruni Region of Guyana.

TSX:ARIS - Post by User

Aris Mining Corp.

Bullboard Posts

Post by PlanetURFon Mar 07, 2019 9:16am

138 Views

Post# 29454374

Keep polishing the turd

AISC for TTM is already $900 according to march 4th presentation. It will probably go to $1k-1.1k in the next few years if their high grade veins run dry.

They could have funded all this internally if EBITDA would have really been $105m US in the next 12 months. That was my point. That is $140m CAD EBITDA. In theory that should have been $140-150m in FCF CAD in the next 24 months. That could be used to pay down almost all their debt and heavily spend on expansion. Instead they dillute shareholders for likely another 4.2m shares.

Tommorow will be new reserve update, so I guess we will see who is right here.

Bullboard Posts

A junior copper-gold stock trading at a bargain of monumental proportions