Aris Mining 8/13/2024 Earnings Report

Aris Mining EPS Results

• Actual EPS: $0.08
• Consensus EPS: $0.15
• Beat/Miss: Missed by -$0.07
• One Year Ago EPS: N/A

Aris Mining Revenue Results

• Actual Revenue: $117.19 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Aris Mining Announcement Details

• Date: 8/13/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Aris Mining (NYSE:ARMN) Corp. (NYSE: ARMN) is a Canada-based precious metals producer primarily focused on the extraction and development of gold and copper assets in Türkiye. Since commencing production in 2016, the company’s core business activities encompass open-pit and underground mining, mineral processing and metal recovery. Aris Mining employs conventional carbon-in-leach processing for gold and flotation circuits for copper to generate doré bars and concentrates for global markets.

The company’s principal asset is the Çöpler mine, located in the Erzincan province of eastern Türkiye. Çöpler features both a large-scale open-pit operation and an expanding underground mine, underpinned by a milling facility with annual throughput capacity in excess of 7 million tonnes. Ongoing exploration in the surrounding license areas targets extensions of known mineralization and new vein systems, supporting the mine’s production longevity and reserve base expansion.

Aris Mining was established in 2023 through the spin-off of SSR Mining’s Çöpler operations, creating an independent entity dedicated to optimizing the asset and pursuing accretive growth opportunities. With a disciplined capital allocation framework, the company plans to leverage its operating expertise to evaluate strategic acquisitions and greenfield projects within Türkiye and select international jurisdictions.

Under the leadership of Chief Executive Officer Tony Caruso and a board comprised of industry veterans, Aris Mining emphasizes sustainable mining practices, community engagement and environmental stewardship. The company maintains strong relationships with local stakeholders and regulatory authorities, aiming to balance operational efficiency with social responsibility and long-term value creation for shareholders.