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

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Comment by ts9222on Jan 07, 2017 4:28pm

157 Views

Post# 25679306

RE:RE:RE:RE:RE:RE:RE:RE:Pros/Cons

If you call providing facts violent ok lol
I'll hit you with some more facts.

Total Debt/Equity ratio
AU    99.40
GFI   99.40
ABX 86.76
GFI   54.51
KGC 40.01
GCM 39.29
NEM 36.26
AUY   35.42
AEM 27.13
GG   21.96

The debt to equity ratio of GCM may be on the high side but isn't hugely higher than some other gold miners that have debt. The debt looks bigger because the shares and market cap are so low. If the share price was higher, then the market cap would be higher and the debt wouldn't look as big in comparison.

If the gold price hadn't dropped to $1050 their balance sheet would have looked better. Few predicted the long 4 year drop in gold price. But that created the bargain opportunity for new investors now.
Almost all gold miners went from a loss to a profit as well when gold dropped to $1050. Most of them took a big writedown and loss, some of them multiple writedowns during the 4 year gold bear market. The market rewarded the other gold miners for their turnaround. With no analysts covering GCM, the market is slower to recognize GCM's turnaround. Long term that is just fine because they can buy back more debs at a discount.

BuenaSuertaAtod wrote: I think you gentlemen are in (violent) agreement. From what I've seen GCM would have done a great job of ramping up production if it had been done as fast as they planned. It took much longer and burned through too much cash.

Now they are making money hand over fist but they had to leverage up the debt. They should not have let themselves get into trouble. But the future looks bright. They should be contributing to their balance sheet an amount that works out to about a penny per share per month.

-GLTA!