Aris Mining Corp T.ARIS

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

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.

TSX:ARIS - Post by User

Aris Mining Corp

Bullboard Posts

Post by Avaluebuyeron Jul 13, 2016 4:47pm

495 Views

Post# 25050135

Might Be A Golden Stock After All

https://seekingalpha.com/article/3987945-gran-colombia-gold-might-golden-stock

Jul.12.16 | About: Gran Colombia (TPRFF)

Summary

Valuation is extremely cheap.

Cash flow and income are very attractive.

Negative working capital and debentures are a cause for concern.

In the beginning of the year, I was writing about solid precious metals companies that are well run, have strong financial statements, and will turn into cash cows once the resumption of the bull market begins. Now that this bull market has turned, a lot of those companies' valuations started to get expensive. Now, I am not saying these companies aren't a good buy at the moment, but they are no longer the best buy in my opinion for the speculative side of my portfolio.

My last article was about Santacruz (OTCPK:SZSMF). This one is about a gold miner in Colombia. It is called Gran Colombia (OTCPK:TPRFF). The main reason I bought back into this company is because of its valuation. When it comes to its EV/EBITDA ratio, it's trading at only two times its EBITDA, which is really cheap. It's trading way below its book value, which is calculated to be at $1.44 per share. It's even trading at .67 times its revenue.

The main reason the stock is so cheap is because the market still believes in the false premise that the labor market is strong and that the US economy is still in recovery.

But it's not just its valuation that is attractive. This company has good assets also. Its first asset is its Segovia mine, which contains a measure and indicated (M&I) resource estimate of 428,000 ounces of gold, containing grades of 25.3 grams per tonne (G/T) for 77,000 ounces of those reserves, and the rest of the reserves are reported to be at 16.8 G/T, with an expected life up to the year 2022. This mine's all-in sustaining costs are reported to be at $850-950 per ounce of gold. Its next mine is the Marmato mine. This mine has a resource estimate of 11.601 million ounces of gold in its resource estimate.

The estimated cost of total production from these mines is expected to be at $850-950 per ounce on an all-in sustaining cost basis. Its last mine is its Zancudo mine. This mine is located in the middle of the company's Cauca gold belt with recovered grades of 14.6 G/T. Gran Colombia has halted exploration on this property while completing its Segovia project.

Bullboard Posts

Gold, growth and sustainability in focus for Mandalay Resources