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Aris Mining Corp. T.GCM


Primary Symbol: T.ARIS Alternate Symbol(s):  CLGDF | N.AMNG.NT.U | T.ARIS.W.A | ARMN

Metals & Mining Gold
Aris Mining Corporation is a Canada-based company, which is primarily engaged in the acquisition, exploration, development and operation of gold properties in Colombia, Guyana and Canada. The Company operates the Segovia Operations and Marmato Mine in Colombia. The Segovia Operations are located 180 kilometers (km) northeast of Medellin in the Segovia-Remedios mining district of Antioquia, Colombia. The Marmato mine is located in the Marmato gold district in the Caldas Department, a mountainous region approximately 80 km south of Medellin, Colombia. The Company is also the operator and 20% owner of the Soto Norte Project. The project is located within the traditional mining area of California, Vetas, which is located approximately 350 km north of Bogota and 55 km northeast of the city of Bucaramanga. The Company also owns the Toroparu Project in Guyana and the Juby Project, which covers an area of approximately 42,817 hectares and is located in the Cuyuni-Mazaruni Region of Guyana.


TSX:ARIS - Post by User

Aris Mining Corp.
Bullboard Posts
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(2)
•••
Post by Trappist1on Aug 07, 2019 8:00am
182 Views
Post# 30000775

GCMs delta on (higher) gold prices

GCMs delta on (higher) gold prices


Gold prices continue to march higher with today the Comex Dec contract trading north of $1500. Since the beginning of Q3 gold is up near $100 and even up >$220 since late May.

What does this mean for GCM?

GCM is expected to produce 240.000ounces in 2019. So, a $200 gain per ounce of gold since May means extrapolated on an annual basis an additional gain of $48mm USD before taxes.

$48mm USD is about 63.8mm CAD at current FX rates.

GCM fully diluted share count is 68mm. So, current rise in gold prices is ADDING around $0.9 per share in EPS before taxes on an annual basis!!

This is significant.

It gets even better. in 2019 Q1, GCM earned US$18mm before taxes. It sold 59k ounces at a realized gold price of $1298. So again, if we extrapolate 2019 Q1 on a  annual basis, i am getting getting a >US100mm profit before taxes. (Q1 @ 18mm + 3x 18mm + $200 gold move x (180.000ounces for Q2Q3Q4).

This is all quick and dirty and i am the first to acknowledge that, but a US$100mm profit before taxes is HUGE, and is giving a EPS of >c$2 per share making this a ridicoulous cheap stock on a Price/Earnings ratio

 

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