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 | Ashley Baker General Counsel, Corporate Secretary | Douglas Bowlby Chief Financial Officer, Executive Vice President |
Richard J. Orazietti Chief Financial Officer | Richard Thomas Chief Operating Officer | Tyron Breytenbach Senior Vice President - Capital Markets |
Oliver Dachsel Senior Vice President, Capital Markets | Pamela De Mark Senior Vice President - Technical Services | John Mussett Senior Vice President - Projects | Giovanna Romero Senior Vice President - Corporate Affairs and Sustainability |
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 fiscal year ended 31 December 2023, Aris Mining Corp revenues increased 12% to $447.7M. Net income increased from $622K to $11.4M. Revenues reflect Marmato Project segment increase from $8.3M to $44.6M, Segovia Operations segment increase of 3% to $403.1M. Net income benefited from FV Adjustments of Financial Investments decrease from $31.1M (expense) to $0K. |
Employees: | 3,326 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $954.48M as of Dec 31, 2023 |
Annual revenue (TTM): | $619.04M as of Dec 31, 2023 |
EBITDA (TTM): | $215.95M as of Dec 31, 2023 |
Net annual income (TTM): | $15.79M as of Dec 31, 2023 |
Free cash flow (TTM): | -$12.47M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $260.39M as of Dec 31, 2023 |
Shares outstanding: | 141,799,194 as of Mar 25, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |