Aris Mining (ARMN)

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Aris Mining (ARMN) - 2020 Q3 - Earnings Call Transcript
2020-11-12 20:23
Gran Colombia Gold Corp. (TPRFF) Q3 2020 Earnings Conference Call November 12, 2020 10:00 AM ET Company Participants Mike Davies - CFO Lombardo Paredes - CEO Conference Call Participants Sid Rajeev - Fundamental Research Operator Welcome to the Gran Colombia Gold Q3 2020 Results Webcast. My name is Venessa, and I'll be your operator for today. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session [Operator Instructions]. Please note that this conferen ...
Aris Mining (ARMN) - 2020 Q1 - Earnings Call Transcript
2020-05-19 17:22
Gran Colombia Gold (TPRFF) Q1 2020 Earnings Conference Call May 19, 2020 9:30 AM ET Company Participants Mike Davies - Chief Financial Officer Lombardo Paredes - Chief Executive Officer Conference Call Participants Sid Rajeev - Fundamental Research Corp Derek Macpherson - Red Cloud Securities Operator Welcome to the Gran Colombia Gold Q1 2020 Results Conference Call. My name is John and I will be your operator for today’s call. At this time, all participants are in a listen-only mode. Later, we will conduct ...
Aris Mining (ARMN) - 2019 Q4 - Earnings Call Transcript
2020-03-31 18:44
Gran Colombia Gold (TPRFF) Q4 2019 Earnings Conference Call March 31, 2020 9:30 AM ET Company Participants Mike Davies - Chief Financial Officer Lombardo Paredes - Chief Executive Officer Conference Call Participants Sid Rajeev - Fundamental Research Corp Derek Macpherson - Red Cloud Securities Mike Nery - Nery Asset Management Operator Welcome to the Gran Colombia Gold Fourth Quarter 2019 and Year End Results Webcast. My name is Hilda and I will be your operator for today. At this time, all participants ar ...
Aris Mining (ARMN) - 2019 Q3 - Earnings Call Transcript
2019-11-15 17:46
Gran Colombia Gold Corp. (TPRFF) Q3 2019 Earnings Conference Call November 15, 2019 9:30 AM ET Company Participants Mike Davies - Chief Financial Officer Lombardo Paredes - Chief Executive Officer Conference Call Participants Sid Rajeev - Fundamental Research Operator Welcome to the Gran Colombia Gold Third Quarter 2019 Results Webcast. My name is Sylvia, 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 ...
Aris Mining (ARMN) - 2019 Q1 - Earnings Call Transcript
2019-05-16 19:38
Gran Colombia Gold Corp. (TPRFF) Q1 2019 Results Conference Call May 16, 2019 9:30 AM ET Company Participants Mike Davies - CFO Lombardo Paredes Arenas - CEO Conference Call Participants Derek Macpherson - Red Cloud, Inc. Operator Welcome to the Gran Colombia Gold Q1 2019 Results Webcast. My name is Ellen, and I will 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. [Operator Instructions] Please note that this ...
Aris Mining (ARMN) - 2018 Q4 - Earnings Call Transcript
2019-03-28 17:10
Financial Data and Key Metrics Changes - Gran Colombia Gold reported a significant improvement in financial performance for 2018, achieving record highs in gold production, EBITDA, operating cash flow, and free cash flow [4][7] - Cash position increased to almost $36 million, while debt decreased to $83 million, down from $179 million three years ago [6] - The company’s average cash cost per ounce decreased to $680 from $720 in 2017, with all-in sustaining costs averaging $907 per ounce, slightly better than 2017 [14][15] Business Line Data and Key Metrics Changes - Segovia operations produced 193,000 ounces of gold in 2018, a 30% increase from 2017, driven by a 70% increase in production from the Providencia mine [9][10] - The Sandra K mine also doubled its production in 2018, contributing to overall growth [10] - Marmato produced 25,000 ounces in 2018, with expectations of 24,000 to 26,000 ounces in 2019 [10] Market Data and Key Metrics Changes - The company’s market capitalization reached $185 million, with a total issued share count of 48.3 million [5] - Analysts initiated coverage with target prices of $6 and $5.62, indicating positive market sentiment [5] Company Strategy and Development Direction - The company plans to accelerate exploration in Segovia, aiming to increase reserves and extend mine life [13][20] - Capital expenditures are expected to be between $25 million to $30 million at Segovia and about $1.5 million at Marmato for 2019 [17] - The focus remains on optimizing the mine plan at Segovia and expanding processing capacity [19][20] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company’s growth trajectory, highlighting a solid foundation for future expansion [6][19] - The company is optimistic about 2019, having already reported close to 40,000 ounces of production in the first two months [8][9] - Management is closely monitoring the situation in Venezuela for potential opportunities [20] Other Important Information - The company completed a bought deal private placement to fund exploration and development projects [19] - Segovia's reserves and resources were updated, adding over 300,000 ounces to mineral resources [12] Q&A Session Summary Question: Will exploration costs be separated in AISC reporting? - Management is analyzing the inclusion of exploration costs in AISC and will provide clarity by the next quarterly report [22][23] Question: What is the status of the arbitration with the Colombian government regarding Marmato? - The arbitration process is ongoing, with confidence in the company’s position and evidence prepared for the tribunal [26][28] Question: How will high-grade mining affect future grades? - Current high grades are due to fortunate mining conditions, but lower grades are expected later; exploration financing aims to sustain high grades [29][30] Question: What are the plans for the Pampa Verde project? - Pampa Verde may be integrated into future projects, particularly in Marmato, with existing equipment potentially utilized [33][37]