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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 invest234on May 15, 2021 11:42am
237 Views
Post# 33209916

RE:Article!

RE:Article!the conf call explained the lower operating cashflow that the article did not like
"Excluding Aris, our operating cash flow is about $24 million in the first quarter of 2021 and reflected about a $7 million increase in income taxes in Colombia compared with the first quarter last year. It also reflected delayed receipt of VAT refund claims. We're pleased to report that the VAT situation is starting to clear up and we've received about $11 million of our delayed claims so far in April and May."

last year q1 2020 Income tax expense was $15,628 but they paid only $7,342 in income tax. they made up for that in q2 2020 by paying a lot more income tax.
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