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Stock impact report

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

Aris Mining Corporation Common Shares (ARMN) 
Company Research Source: PR Newswire
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 2023FY 2023Gold Production61,052 ounces226,151 ouncesSegovia Operations AISC/oz1$1,264$1,173EBITDA1$19.7M$112.1MAdjusted EBITDA1$39.7M$159.4MNet earnings (loss)($5.9M) or ($0.04)/share$11.4M or $0.08/shareAdjusted earnings1$11.8M or $0.09/share$52.2M or $0.38/shareAris Mining CEO Neil Woodyer stated: "In 2023, we restructured the operations team and introduced new operating procedures following the combination of GCM Mining and Aris Gold in September 2022. The new team achieved consistent quarter-over-quarter increases in gold production during 2023, significantly enhancing our position in 2024 and the future. We have achieved the initial phase of our vision to create an Show less Read more
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