Aris Mining (US:ARMN)2025-03-12 23:51Gold Production and Sales - Total gold sold in Q4 2024 was 56,334 ounces, an increase from 53,769 ounces in Q3 2024, representing a growth of 4.7%[38] - For the year ended December 31, 2024, total gold sold reached 210,616 ounces, up from 187,122 ounces in 2023, marking an increase of 12.5%[38] Cost Management - Total cash costs per ounce of gold sold in Q4 2024 were $1,199, down from $1,257 in Q3 2024, reflecting a decrease of 4.6%[38] - All-in sustaining costs (AISC) per ounce of gold sold in Q4 2024 were $1,485, compared to $1,540 in Q3 2024, indicating a reduction of 3.6%[44] - Total cash costs for the year ended December 31, 2024, were $283,390, with cash costs per ounce sold at $1,228[44] - AISC for the year ended December 31, 2024, totaled $345,586, with AISC per ounce sold at $1,507[44] - The company reported total cash costs including royalties of $64,805 in Q4 2024, down from $63,905 in Q3 2024[38] - The total cash costs for Marmato in Q4 2024 were $13,225, down from $14,717 in Q3 2024, reflecting a decrease of 10.1%[38] - The cost of sales for Segovia in Q4 2024 was $68,078, slightly higher than $66,570 in Q3 2024[41] - The company added $4,063 in social program costs in Q4 2024, compared to $4,294 in Q3 2024, showing a decrease of 5.4%[44] Financial Performance - EBITDA for the three months ended December 31, 2024, was reported at $66.602 million, while the adjusted EBITDA for the same period was $55.575 million[51] - The net loss for the three months ended December 31, 2024, was $21.687 million, with adjusted net earnings of $24.659 million for the same period[54] - The total finance income for the year ended December 31, 2024, was a loss of $6.894 million, reflecting challenges in financial management[51] - The company reported a foreign exchange loss of $5.113 million for the three months ended December 31, 2024, impacting overall financial performance[54] Capital Expenditures and Investments - Total additions to mining interests, plant, and equipment for the year ended December 31, 2024, amounted to $195.431 million, with a quarterly total of $57.121 million for the three months ended December 31, 2024[50] - Non-sustaining capital expenditures for the Marmato Lower Mine were $18.998 million for the three months ended December 31, 2024, contributing to a total of $164.492 million for the year[50] Future Outlook and Projects - The company anticipates continued growth through the Segovia expansion project and the development of the Soto Norte and Toroparu projects, with specific timelines and projected costs to be disclosed[57] - The company plans to enhance the Marmato expansion, with expected benefits and costs to be detailed in future communications[57] - The company has disclosed risks and uncertainties that may affect future performance, emphasizing the importance of not placing undue reliance on forward-looking statements[60] Shareholder Information - The basic weighted average shares outstanding increased to 170,900,890 for the three months ended December 31, 2024, compared to 169,873,924 in the previous quarter[54]