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.

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Aris Mining Corp. > Why the Net Loss last quarter

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Post by marshalljjon Aug 27, 2020 11:41pm

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Post# 31468121

Why the Net Loss last quarter

Can someone explain what this part of the last quarterly report meant: Non-cash fair value changes in financial instruments totaling $35.4 million in the second quarter of 2020, largely driven by the Companys 70% share price improvement, contributed to a net loss of $18.9 million ($0.27 per share) compared with net income of $0.8 million ($0.02 per share) in the second quarter last year. Thanks in advance for some clarification on this.

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