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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

Comment by VerusSemperSorson Feb 18, 2021 12:49pm
61 Views
Post# 32596739

RE:Adjusted net income for last 5 years - extrapolating 2020

RE:Adjusted net income for last 5 years - extrapolating 2020Sorry for quoting myself, but after checking the actuals for adj net income I saw that my previous estimate was a bit out of whack. Revised with actuals:

2020 Actuals so far: Q1: $21.2 Q2: $17.5 Q3: $29.5 For a total of 68.2.
As Q4 was clearly the big quarter in terms of high average gold price, I'll say $31.8 million adj net income for Q4. That would make a nice round $100 million totla for 2020:

2020    $100    (actuals + Q4 estimate)
2019    $60.5
2018    $42.5
2017    $23
2016    $15.6



VerusSemperSors wrote: Adjusted net income in $ millions - I get a total of > 285:

2021    Not counting these chickens - But simliar to 2020 or better assuming current gold price.
2020    $144    (my estimate based on 2020 gold average price vs 2019 avg price)
2019    $60.5
2018    $42.5
2017    $23
2016    $15.6

That's over $285 million that GCM has earned in the last five years, plowing most of it back in to reduce debt, improve operations, etc. Now the market values them at $358 million. 


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