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Aris Mining Corp. T.ARIS

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

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

Comment by invest234on May 15, 2021 11:42am
216 Views
Post# 33209916

RE:Article!

RE:Article!the conf call explained the lower operating cashflow that the article did not like
"Excluding Aris, our operating cash flow is about $24 million in the first quarter of 2021 and reflected about a $7 million increase in income taxes in Colombia compared with the first quarter last year. It also reflected delayed receipt of VAT refund claims. We're pleased to report that the VAT situation is starting to clear up and we've received about $11 million of our delayed claims so far in April and May."

last year q1 2020 Income tax expense was $15,628 but they paid only $7,342 in income tax. they made up for that in q2 2020 by paying a lot more income tax.
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