Post by
tobinator01 on Nov 13, 2024 1:00pm
Market Response - Over Done
There was nothing in the Q3 earnings report that was a surprise. The only surprise was the torrid selling at the opening bell. The stock right now is 25 cents off its lows.
Miners this cycle of over the last year have had no respect from the market. Gold gets up as high as 35% YTD and the mining indexes only matched that increase, no leverage to the metal. It does not help that miners like Newmont struggle in a richly priced Gold enviroment. That stock is only up a few % YTD.
Aris is in great shape moving forward. The Segovia expansion is expected to be in full production in 7 - 8 months. First pour at Marmato is expected in a little over a year. Balance sheet is strong with debt not maturing for nearly 5 years. They are fully funded, without stock dilution, well beyond the time both Segovia and Marmato projects are into full production. I should also mention at the end of July 2025, they could be seeing a another cash infusion of $120 million from the exercise of warrants.
Show me another mining stock that has a market cap of US$670 million, that is profitable, cash flow profitable and expanding gold production by 50% within a year. I can't find anything out there myself with this growth profile in this space. I should mention that many peers have double the market cap of Aris right now.
Comment by
canuckman1 on Nov 14, 2024 8:08pm
How did the company generate a loss for the quarter when they generated approximately $900 per ounce of profit/margin on 53,600 gold ounces? Was it the result of the cost of expanding the Segovia mill and building the lower Marmato mine? Any input would be appreciated. TIA!!
Comment by
stanem1 on Nov 15, 2024 11:40am
Probably spent a lot on welfare and payoffs andskimming