Aris Mining Corp. T.ARIS

Simply the best company ...

[Brioche]

87 mil usd cash at june 30 .

I do think this is the best results among all latin america miners .

30 cad . Nothing less -) 

We will see what bring the dividend . 

Regret :we don't have The july prod .

Now the tax paid , imagine at 1800/ 2000 , the cash at the end of the year ! 

To wait for the CC for having details.

[rotax1]

we have the july prod  and another 18,111 ounces in July, the Company has updated its 2020 annual production guidance to a range between 218,000 and 226,000 ounces of gold.

[kkkrrr]

the AISC are a bit high but thats because some one-time effects ...at all solid results  ...  debt down and less gold ounces to be delivered for the Gold Notes... soon all debt is repaid and the true potential of segovia will show up ...   very undervalued stock

[invest234]

they previously reported $73 mil cash, now they report $87.7 mil cash and equivalent. the $73 must have unnecessarily scared the weak hands. $87.7 is still close to $100 mil. looking forward to h2 when the huge cash comes in. higher production plus way higher gold price = $$$. q4 the new mine carla comes online to help fill plant to max capacity 1500 tpd. non-cash charge again, i hope most

[kkkrrr]

there is no  non-cash charge  ...its only the value of the warrent liabilities at the balance sheet  (they go up with rising SP ) , the same with the Gold Notes ..     its an non- issue

[invest234]

i know, non-cash liability. most of it is coming from the warrants and some from the convertible. the gold notes a smaller amount. counter intuitive for rising share price to look like a bigger loss. the warrants will disappear 2024. too bad they have accounting like that, makes it look like a loss to the casual person not familiar with gcm, when the opposite is true, they are a huge cash cow

[Moogul]

The cgc Rto transaction also cost 16 million... with out that one time hit eps would've been a lot higher. 

[kkkrrr]

the 73 mill they reported was  AFTER the investments in Caldas (July 20 or in Q3)   and they bought more Gold X -shares too ...   the cash-balance is not important here because the cash goes into investments/stakes in Caldas+Gold X

[invest234]

the 73 mil they said was as of june 30. "At June 30, 2020, after paying income tax instalments of approximately $32 million in the second quarter, Gran Colombia’s cash position stood at approximately US$73 million and Caldas Gold had a cash position of approximately US$14 million."

[invest234]

or they can increase the dividend to the point where the warrant holders would be rushing to convert to shares just to capture the dividend. at us$1.50 earnings they can give a dividend 10x larger than the cad 6 cents, increasing to cad 60 cents per year for a 10% yield. that would make the warrant holders rushing to convert :)