Aris Mining (US:ARMN)2021-05-14 15:15Financial Performance - Revenue reached $101.9 million in Q1 2021, slightly up from $101.0 million in Q1 2020[4] - Net income significantly increased to $118.3 million in Q1 2021, compared to $24.3 million in Q1 2020[4] - Adjusted EBITDA was $46.3 million in Q1 2021, a decrease from $50.4 million in Q1 2020[4] - Free cash flow decreased to $2.5 million in Q1 2021, compared to $18.2 million in Q1 2020[4] Production and Operations - Gold production was 51,486 ounces in Q1 2021, down from 56,247 ounces in Q1 2020[4] - The realized gold price increased to $1,812 per ounce in Q1 2021, compared to $1,570 per ounce in Q1 2020[4] - Cash cost increased to $862 per ounce in Q1 2021, compared to $667 per ounce in Q1 2020[4] - AISC increased to $1,164 per ounce in Q1 2021, compared to $890 per ounce in Q1 2020[4] - The company is on track to meet its 2021 annual production guidance of 200,000 to 220,000 ounces of gold[13] Capital Structure and Shareholder Returns - The company repurchased 1.5 million shares at an average price of CA$5.93 per share for a total cost of CA$9.1 million[6] - The company is paying a monthly dividend, returning over CA$900,000 of free cash flow to shareholders each month[8]