Aris Mining Corp T.ARIS

Remarks

[Brioche]

1) Yamana got ( the same day as gcm) 500 mil usd at .....2.63 % . ( senior notes ) ( with 1 bil in debt just before )

2) 300 mil us for gcm ; less the fees .. 7% ? less the g. Notes repurchases mean 260 disponible.; A little bit short for toro . Serafino clearly said toro has to be financed by itself . So don't see how wpm should not be on board .

[invest234]

1) yamana is a very different company with better rating. gcm dropped their interest cost by more than half from the gold note 16% effective interest rate. are you going to refuse 6.875% just because another company with better rating got a lower interest rate? 2) you are looking at it the wrong way. 300 mil is for the updated pea with smaller 300 mil capex using the 4km high grade. they pay the

[Brioche]

.....i love you invest ...-))  Always positive . I sincerely you ll be rewarded .  That said , of couse 6.7% is better. My talk was just to point out the spread. The g.notes were a ruin.  Regarding the proceeds ,  the PR says clearly .....ii) to prepay the g.notes... iii) and general purposes  Capex : i bet wpm in .  Some news about london?  -)) Ps don'

[invest234]

ok if wpm is in then gcm will have $150 mil in extra cash. gcm cash balance + 2 years of segovia cashflow + $150 mil from wpm = ~$350 mil cash by the time toro goes to production in 2 years. at start of production gcm has $500 mil cash ($300 mil from debt financing + $150 mil from wpm + $50 mil cash balance, q3 free cash pays down gold notes) so gcm starts with $500 mil cash beginning of

[invest234]

and of course, if gcm is flooded with cash the next several years, they can buy back a lot of shares!

[Eap5522]

agreed invest234, share buy backs and increased dividend will mosy likelyhappen at some point. Buy back assuming shares stay low.

[rotax1]

dont forget the  warrant in 2023 winter Unlisted: 3.3 million @ CA$5.40 (2023 expiry) Unlisted: 7.1 million @ CA$6.50 (2023 expiry) 64 million can + all insider option and warrant from gcm and gldx so i think tgcm is ok without wpm + cash from gcm   , probably the need  of the big money just only in summer 2022