Aris Mining Corp. T.ARIS

Why the Net Loss last quarter

[marshalljj]

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.

[Barkis]

It is due to an accounting technicality which requires the company tosomehow take into dilutive effects of all the warrants they have issued. This is required because they report thier results in U.S. dollars and the warrants are priced in Canadian dollars. Why the currency makes a difference I do not know - maybe somebody else does. Other Canadian mining companies that have warrants and report in

[marshalljj]

Thanks Barkis!

[kkkrrr]

as bigger the difference between price of the warrnts ans SP gets the  higher this wirtuel loss is ...but its only virtual ...   now with SP a bit lower the loss should  turn into a gain at the balance sheet ...     you can see this issue at warrants liabilities at the balance sheet., its non-cash... GCM virtually has 30 million USD more febt as end of 2019