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Aris Mining (ARMN) - 2023 Q4 - Annual Report
2024-03-07 20:23
Exhibit 99.1 News Release | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------|-------------------------------------------------------------------| | are in US dollars unless otherwise indicated. | Q4 2023 | FY 2023 | | Gold Production Segovia Operations AISC/oz EBITDA Adjusted EBITDA Net earnings (loss) | 61,052 ounces $1,264 $19.7M $39.7M ($5.9M) or ($0.04 ...
Aris Mining (ARMN) - 2023 Q4 - Earnings Call Transcript
2024-03-07 20:16
Aris Mining Corporation (NYSE:ARMN) Q4 2023 Earnings Conference Call March 7, 2024 11:00 AM ET Company Participants Neil Woodyer - Chief Executive Officer Richard Thomas - Chief Operating Officer Douglas Bowlby - Executive Vice President & Chief Financial Officer Conference Call Participants Kerry Smith - Haywood Securities Don DeMarco - National Bank Financial Taylor Combaluzier - Red Cloud Securities Operator Good morning, everyone and welcome to Aris Mining's Year-End 2023 Operational and Financial Resul ...
ARIS MINING REPORTS 2023 RESULTS WITH GUIDANCE ACHIEVED, NET EARNINGS OF $11.4M, ADJUSTED EARNINGS OF $52.2M ($0.38/SHARE), ADJUSTED EBITDA OF $159M
Prnewswire· 2024-03-06 23:26
VANCOUVER, BC, March 6, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces financial and operating results for the three and twelve months ended December 31, 2023 (Q4 2023 and FY 2023, respectively). All amounts are in US dollars unless otherwise indicated. Q4 2023 FY 2023 Gold Production 61,052 ounces 226,151 ounces Segovia Operations AISC/oz1 $1,264 $1,173 EBITDA1 $19.7M $112.1M Adjusted EBITDA1 $39.7M $159.4M Net earni ...
ARIS MINING TO ANNOUNCE FULL-YEAR 2023 RESULTS ON MARCH 6, 2024
Prnewswire· 2024-02-22 12:50
VANCOUVER, BC, Feb. 22, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE–A: ARMN) will announce its full-year 2023 operations and financial results after market close on March 6, 2024. Management will host a conference call on Thursday, March 7, 2024, at 11:00 am ET/8:00 am PT to discuss the results. The call will be webcast and can be accessed at Aris Mining's website at www.aris-mining.com, or at https://services.choruscall.ca/links/arismining2023q4.html To join t ...
ARIS MINING ANNOUNCES APPOINTMENT OF TWO INDEPENDENT DIRECTORS
Prnewswire· 2024-02-14 22:30
VANCOUVER, BC, Feb. 14, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces the appointment of Gonzalo Hernández Jiménez and Germán Arce Zapata as independent directors effective today.  Mr. Hernández has been appointed to the Audit Committee and Sustainability Committee, and Mr. Arce has been appointed to the Compensation Committee. The two appointments follow the unexpected passing of Mr. Hernan Martinez in late 2023, a Director of the Company and ...
ARIS MINING ACHIEVES 2023 PRODUCTION GUIDANCE AND PROVIDES 2024 OUTLOOK
Prnewswire· 2024-01-16 12:00
VANCOUVER, BC, Jan. 16, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) reports 2023 gold production of 226,151 ounces (oz) from its two operations in Colombia, within the 2023 guidance range of 220,000 to 240,000 oz. The Q4 2023 results provided in this news release are approximate and may differ from the final results to be included in the Company's 2023 annual audited financial statements and MD&A, which the Company expects to release in early March 202 ...
Aris Mining (ARMN) - 2023 Q3 - Quarterly Report
2023-11-08 23:48
https://reportify-1252068037.cos.apbeijing.myqcloud.com/media/production/ARMN5b3596b6ccdfb258d932a Condensed Consolidated Interim Financial Statements For the three and nine months ended September 30, 2023 and 2022 (expressed in thousands of United States dollars) (Unaudited) Consolidated Interim Statements of Financial Position (Unaudited; Expressed in thousands of U.S. dollars) https://reporti 1252068037. Commitments and contingencies Note 11d, 14c Subsequent Events Note 7c, 13c,e,g | --- | --- | --- | -- ...
Aris Mining (ARMN) - 2022 Q2 - Earnings Call Transcript
2022-08-12 14:32
GCM Mining Corporation (TPRFF) Q2 2022 Earnings Conference Call August 12, 2022 8:30 AM ET Company Participants Mike Davies - Chief Financial Officer Conference Call Participants Operator Welcome to the GCM Mining Corporation’s second quarter 2022 results conference call. My name is Richard and I’ll be your operator for today’s call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session. I will now turn the call over to Mike Davies, Chief Financial Of ...
Aris Mining (ARMN) - 2022 Q1 - Earnings Call Transcript
2022-05-13 17:00
Financial Data and Key Metrics Changes - The company reported first quarter 2022 revenue of $101.3 million, which is approximately 5% higher than the first quarter of 2021 after adjustments [7] - Adjusted EBITDA for the first quarter was $45.2 million, reflecting a slight decrease from $46 million in the same quarter last year [9] - Cash flow metrics remained solid with $24 million of operating cash flow, bringing the trailing 12-month operating cash flow to $91 million, up from $81 million in 2021 [10] - The company finished the quarter with $350 million in cash after paying $14 million in tax installments and making a $10 million interest payment on senior notes [11] Business Line Data and Key Metrics Changes - Gold production for the first quarter was 50,000 ounces, with total production for the first four months of 2022 reaching 68,272 ounces [5] - The average realized gold price was $1,860 per ounce, contributing to the revenue increase [7] - Cash costs were reported at $817 per ounce, an improvement from $825 per ounce in the first quarter of 2021 [8] Market Data and Key Metrics Changes - The company anticipates starting shipments of polymetallic concentrates by the end of the second quarter, which will add to revenue streams [8] - The company is on track to produce between 210,000 and 225,000 ounces of gold from Segovia this year [6] Company Strategy and Development Direction - The company is focused on maintaining its dividend policy, paying C$1.05 per share monthly, totaling US$3.5 million in dividends for the first quarter [5] - Significant investments are being made in infrastructure projects at Segovia, including the expansion of the Maria Dama plant and the construction of the El ChoCho tailings storage facility [13] - The Toroparu Project in Guyana is being prepared for formal construction, with a PFS expected in the third quarter [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to control costs and execution amid volatile financial markets [3] - The upcoming elections in Colombia were discussed, with management noting that the company owns the land and underground rights, which may mitigate potential regulatory risks [18] - Management indicated that they do not foresee any significant delays in the Toroparu project, with sufficient funding available to proceed [30] Other Important Information - The company has been involved in a free trade arbitration with Colombia, which has led to elevated G&A expenses in the first quarter [31] - The company plans to spend approximately $70 million in the second half of the year on the Toroparu project, funded through cash flow and cash on hand [36] Q&A Session Summary Question: Potential impact of upcoming elections in Colombia on the mining industry - Management noted that the elections are closely contested, but the company owns its land and underground rights, which may shield it from adverse regulatory changes [18] Question: Update on the Toroparu project regarding capital costs - Management confirmed that the PFS is expected in July, with a cost estimate of $355 million, but they believe it may be lower due to more detailed information available [21][23] Question: Risks around the finalization of the mining license for Toroparu - Management stated that they are in the process of obtaining the mining permit and do not foresee risks of not receiving it on time [26] Question: Any scenarios for delaying the project due to macroeconomic factors - Management expressed confidence in proceeding with the project, stating they have sufficient funds to continue despite potential cost increases [30] Question: Clarification on G&A expenditures for the quarter - Management indicated that Q1 was unusually high due to arbitration costs, but they expect G&A to stabilize in subsequent quarters [31] Question: Confirmation of CapEx guidance for 2022 - Management confirmed sustaining CapEx guidance of $50 million to $55 million for Segovia and indicated that spending on Toroparu will ramp up significantly in the second quarter [33][36]