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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
Comment by invest234on Oct 13, 2020 9:49pm
134 Views
Post# 31711927

RE:RE:RE:RE:RE:RE:RE:RE:RE:Cash 95 vs 73 end of q2

RE:RE:RE:RE:RE:RE:RE:RE:RE:Cash 95 vs 73 end of q2 they have $95 mil cash end of q3 + ~$45 mil cash q4 = $140 mil.
plenty of cash to do a lot of things, including paying down the remaining $30 mil gold notes.
if the h1 2021 tax payment is very large, then all they have to do is delay the $30 mil redemption by just one q to q3 where the q3 fcf covers the entire $30 mil and more. they don't have to pay it all down in april. delaying by one q does not waste much interest.

gcm has plenty of cash to do multiple things at the same time, and plenty of flexibility to pay the gold notes in whole or in part at any time.
there are no cash constraints to this cash cow :) (in my opinion)
i probably sound confrontational to many people but i have to voice my opinion when i disagree. it is not trying to suppress the opinion of others. (except maybe arguing with bashers lol)

Bullboard Posts