Aris Mining Corp N.AMNG.NT.U

New here

[laaarsas]

Hi guys.
 

I'm new to the forum. What do you think of Aris? I'm interested in the qrowth prospects. Why is the company still not able to make a profit with the high gold price that we see now?


/L

[laaarsas]

Also actually I don't understand how to read the Q3 report. Seems convoluted and hard. Did the make money or did they lose money Q3? Why is there no cash flow statement? Or balance sheet?

[tobinator01]

Go to Page 3 of the Q3 Financial Statement.  Income from Operations was $32 million.  There was a $12.8 million loss on financial instruments.  They have outstanding Gold notes that effectively create a loss for Aris as the price of Gold rises.  From what I can tell of the Gold notes, is in November 2020 59,300 ounces of future Gold production was fixed at $1400/ounce.  I

[laaarsas]

Thanks for reply bro.  Do you think an AISC of 1500 is good enough? Maybe short term, but if one is to hold this company for say 10 years and extract dividend etc, is it really good enough? Compared to say Lundin Gold that has an AISC of 700-900 or something. /L

[tobinator01]

Segovia looks to have an AISC of around $1500 going forward.  Their presentation shows Marmato AISC of $1000, when doing 160k ounces per year.  Aris looks to be in great shape. Should Gold fall to $1500, most of the sector will go bankrupt as the major's AISC is around $1500 right now.  Some still have AISC approaching $2000.  There is a two edge sword in that as Gold

[canuckman1]

Hi Tobinator,   The one thing I was concerned about for the company was the rising AISC for the company. I would like to know the formula for paying the ASM contractors as gold prices increase and I believe this program has lead to some of the increase in costs. I am sure margins will always be healthy as the gold price rises but I feel that the company needs to shed more light on

[prem124]

On the positive if gold price falls down the cost will go down. Not sure how positive that is.

[prem124]

I think they negotiate with various little mining cooperatives seperately. Revealing this data is sensitive and would cause harm to the company. You have to work it out based on mining costs over several quarters and gold price fluctuations. It is more of an estimate than actual data.

[laaarsas]

I am still quite concerned about the AISC of 1500. Seems to high. It requires a high gold price. That is a major risk factor. I'm not feeling sure about the investment. 

[canuckman1]

Well sell your shares and move on.  You add no value to this board and it's pretty obvious what your intentions are. Canuckman

[prem124]

If you think gold price will fall below 1500 then at least our cost would go down as well. No idea why you would waste time here if you think gold is going that far down.

[ikny]

will the aisc seem high when gold hits $3000?