Aris Mining Corporation (T:ARIS*CA)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 425 Hornby Street VANCOUVER BC V6C 2Y2 |
| Tel: | N/A |
| Website: | https://www.aris-mining.com |
| IR: | See website |
| Key People | ||
| Neil Woodyer Chief Executive Officer, Director | Alejandro Jimenez Country Manager, Colombia | Richard J. Orazietti Chief Financial Officer |
| Richard Thomas Chief Operating Officer | Douglas Bowlby Executive Vice President | Oliver Dachsel Senior Vice President, Capital Markets |
| Pamela De Mark Senior Vice President - Geology and Exploration | Giovanna Romero Senior Vice President - Corporate Affairs and Sustainability | Ashley Baker General Counsel, Corporate Secretary | Robert Eckford Head of Finance |
| Business Overview |
| 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. |
| Financial Overview |
| For the three months ended 31 March 2024, Aris Mining Corp revenues increased 11% to $107.6M. Net loss decreased 86% to $744K. Revenues reflect Segovia Operations segment increase of 8% to $95.7M, Marmato Project segment increase of 48% to $11.9M. Lower net loss reflects Equity Earnings -Before Taxe decrease of 83% to $551K (expense), Foreign exchange gain (loss) increase from $2.3M (expense) to $108K (income). |
| Employees: | 3,326 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,134M as of Mar 31, 2024 |
| Annual revenue (TTM): | $623.82M as of Mar 31, 2024 |
| EBITDA (TTM): | $197.15M as of Mar 31, 2024 |
| Net annual income (TTM): | $21.88M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$60.67M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $313.24M as of Mar 31, 2024 |
| Shares outstanding: | 152,155,769 as of May 14, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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