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Aris Mining Corp T.ARIS

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

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

Bullboard Posts
Post by kkkrrrron Feb 01, 2017 5:05am
269 Views
Post# 25781702

Q4....

Q4....maybe some people will be dissapointed by Q4 number ... Short term assets end of Q3 was 31 million USD ..short term liabilities were at 50 million USD end of Q3 ... they had to pay around 18 million$ in Q4 (wealth tax (1,5 million$) , income tax (10,3 million$), provisions (3,2 million$), Equity tax (1 million$), portion of long term debt 1,6 million$) ....

free cashflow could be negativ for Q4 but balance sheet will look better now ... the working capital deficit should be removed soon ...   2-3 good quarters and the ratio short term assets-short term debt will be zero ...

they have to pay back the provision (enviornmental discharges 10 million$) soon as possible because the bear a high interest rate...

..balance sheet is improving....
Bullboard Posts