VANCOUVER, BC, Nov. 8, 2023
/PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company)
(TSX: ARIS) (NYSE-A: ARMN) announces financial and operating
results for the three and nine months ended September 30, 2023 (Q3 2023 and YTD 2023). All
amounts are in US dollars unless otherwise indicated.
|
Q3
2023
|
YTD
2023
|
|
Gold
Production
|
60,193
ounces
|
165,099
ounces
|
|
AISC/oz1
|
$1,286
|
$1,247
|
|
EBITDA1
|
$38.8M
|
$90.4M
|
|
Adjusted
EBITDA1
|
$41.6M
|
$119.7M
|
|
Net earnings
|
$12.4M
($0.09/share)
|
$15.3M
($0.11/share)
|
|
Adjusted
earnings1
|
$14.4M
($0.11/share)
|
$40.4M
($0.30/share)
|
Aris Mining CEO Neil Woodyer
stated: "During Q3 2023, our high-grade Segovia Operations
delivered strong results contributing to total gold production of
60,193 ounces, an 11% increase over Q2 2023. Aris Mining is
firmly on track to achieve our 2023 production guidance of 220,000
to 240,000 ounces. Over the nine months ended September 30, our mines generated $54.9 million in free cash flow from
operations1 which funded $55.5
million in growth and expansion investments. We ended Q3
2023 with cash and cash-equivalents of $211
million.
In September 2023, we commenced
construction of the Marmato Lower Mine and spending is expected to
ramp up as construction progresses into 2024. This project is fully
funded from our current cash, operating cash flow, and dedicated
stream financing. This new underground mine will provide
access to the wider and large-scale porphyry mineralization below
the currently operating Upper Mine, which allows for more efficient
bulk mining methods in the Lower Mine. Additionally, we have
completed $10.5 million of a planned
$17 million strategic exploration and
infill drill program at the Segovia Operations. Segovia has a
history of expanding its gold mineral resources and the recent
estimate announced last week signifies a leap forward, as the
current measured and indicated mineral resource has surged by 114%
to reach 3.6 million ounces at 14.34 g/t Au (see News Release -
November 2, 2023). We are now in the
process of updating the mineral reserve estimates, which is
expected by the end of November."
Operations Review – Segovia Operations
|
Q3
2023
|
Q2
2023
|
YTD
2023
|
|
Tonnes milled
(t)
|
163,205
|
154,105
|
467,274
|
|
Average tonnes milled
per day (tpd)
|
1,898
|
1,813
|
1,832
|
|
Average gold grade
processed (g/t)
|
10.77
|
10.13
|
10.34
|
|
Gold produced
(ounces)
|
53,826
|
47,882
|
148,221
|
|
Cash costs ($/ounce
sold)1
|
954
|
926
|
901
|
|
AISC – owner operated
mining ($/ounce sold)1
|
1,108
|
932
|
1,064
|
|
AISC – partner operated
mining ($/ounce sold)2,[1]
|
1,308
|
1,339
|
1,235
|
|
AISC – total ($/ounce
sold)1
|
1,194
|
1,111
|
1,139
|
|
_________________
|
|
1 AISC ($
per oz sold), EBITDA, adjusted EBITDA, adjusted earning, free cash
flow and cash costs are non-IFRS financial measures in this
document. These measures do not have any standardized meaning
prescribed under IFRS, and therefore may not be comparable to other
issuers. Refer to the Non-IFRS Measures section and the table
titled "Quarterly and YTD Cashflow generation" below for a
reconciliation of these measures to the most directly comparable
financial measure disclosed in the Company's Q3 2023 interim
financial statements.
2 Partner-operating mining encompasses contractor
workforce as well as the acquisition of mill-feed from artisanal
and small-scale miner units.
|
Aris Mining Quarterly and YTD Cashflow Generation – 2023 (US$
million)
|
|
Q3
2023
|
Q2
2023
|
Q1
2023
|
YTD
2023
|
|
|
Gold revenue
|
|
$
113.0)
|
$
106.2)
|
$
91.9)
|
$ 311.1)
|
|
|
Total cash costs,
royalties & social contributions
|
|
(67.3)
|
(62.5)
|
(51.1)
|
(180.9)
|
|
|
Sustaining capital –
Segovia infill exploration program
|
|
(1.3)
|
(0.3)
|
(0.8)
|
(2.5)
|
|
|
Sustaining capital –
other
|
|
(7.4)
|
(4.1)
|
(7.7)
|
(19.1)
|
|
|
All in sustaining
margin
|
|
37.0)
|
39.3)
|
32.2)
|
108.5)
|
|
|
|
|
|
|
|
|
|
Taxes paid
|
|
-
|
(52.4)
|
-
|
(52.4)
|
|
|
General and
administration expenses
|
|
(3.9)
|
(4.1)
|
(2.2)
|
(10.3)
|
|
|
Change in working
capital, impact of foreign exchange
|
|
3.2)
|
22.9)
|
(17.0)
|
9.1)
|
|
|
Free cash flow from
operations
|
|
36.3)
|
5.7)
|
12.9)
|
54.9)
|
|
|
|
|
|
|
|
|
|
Expansion and growth
capital1 at:
|
|
|
|
|
|
|
|
Marmato Upper
Mine & Lower Mine
|
|
(14.2)
|
(6.8)
|
(4.6)
|
(25.5)
|
|
|
Segovia
Operations – regional exploration program
|
|
(2.6)
|
(2.9)
|
(2.5)
|
(8.0)
|
|
|
Segovia
Operations – other
|
|
(4.0)
|
(4.7)
|
(0.1)
|
(8.8)
|
|
|
Toroparu
Project
|
|
(3.9)
|
(4.6)
|
(4.7)
|
(13.2)
|
|
|
Total expansion and
growth capital
|
|
(24.6)
|
(19.0)
|
(11.9)
|
(55.5)
|
|
|
Free cashflow from
operations after expansion capital
|
|
11.7)
|
(13.4)
|
1.0)
|
(0.6)
|
|
|
|
|
|
|
|
|
|
Proceeds from
warrant/option exercises
|
|
0.3)
|
1.6)
|
0.4)
|
2.3)
|
|
|
Soto Norte, deferred
payment to Mubadala
|
|
-
|
-
|
(50.0)
|
(50.0)
|
|
|
Repayment of
Gold-linked Notes
|
|
(1.8)
|
(1.8)
|
(1.8)
|
(5.5)
|
|
|
Contributions to Soto
Norte joint venture
|
|
(1.4)
|
(1.2)
|
(1.1)
|
(3.7)
|
|
|
Participation in
Denarius Metals rights offering
|
|
-
|
-
|
(1.1)
|
(1.1)
|
|
|
Interest (paid), net of
interest income
|
|
(12.3)
|
(0.2)
|
(17.5)
|
(29.9)
|
|
|
Net change in
cash
|
|
(3.5)
|
(15.0)
|
(70.1)
|
(88.6)
|
|
|
Opening balance at the
beginning of the period
|
|
214.3)
|
229.3)
|
299.5)
|
299.5)
|
|
|
Closing balance at
the end of the period
|
|
$
210.8)
|
$
214.3)
|
$
229.3)
|
$
210.8)
|
|
|
|
|
|
|
|
|
|
|
|
|
1 AISC
($ per oz sold), EBITDA, adjusted EBITDA, adjusted earning, free
cash flow and cash costs are non-IFRS financial measures in this
document. These measures do not have any standardized meaning
prescribed under IFRS, and therefore may not be comparable to other
issuers. Refer to the Non-IFRS Measures section and the
table titled "Quarterly and YTD Cashflow generation" below for a
reconciliation of these measures to the most directly comparable
financial measure disclosed in the Company's Q3 2023 interim
financial statements.
|
Mineral Resource Estimates (MRE) – Segovia Operations
|
Effective
date
|
Measured
|
Indicated
|
Measured &
Indicated
|
Inferred
|
|
Tonnes
|
Grade Au
|
Oz Au
|
Tonnes
|
Grade Au
|
Oz Au
|
Tonnes
|
Grade Au
|
Oz Au
|
Tonnes
|
Grade Au
|
Oz Au
|
|
(kt)
|
(g/t)
|
(koz)
|
(kt)
|
(g/t)
|
(koz)
|
(kt)
|
(g/t)
|
(koz)
|
(kt)
|
(g/t)
|
(koz)
|
|
September
30,
2023 (2023 MRE)
December 31,
2022 (2022 MRE)
|
4,114
405
|
14.31
15.39
|
1,893
200
|
3,754
4,569
|
14.38
10.16
|
1,736
1,492
|
7,869
4,974
|
14.34
10.58
|
3,629
1,692
|
4,682
5,325
|
12.11
9.44
|
1,823
1,616
|
|
2023 MRE /
2022 MRE
(koz or %)
|
|
|
|
|
|
|
|
+36 %
|
+1,937
+114%
|
|
+28 %
|
+207
+13%
|
|
Notes:
•
Mineral resources are
inclusive of mineral reserves.
•
Mineral resources are
not mineral reserves and have no demonstrated economic
viability
•
There are no known
environmental, permitting, legal, title, taxation, socio-economic,
marketing, political, or other relevant factors that could
materially affect the mineral resource estimate.
•
Totals may not add
due to rounding.
2023 MRE
Notes:
•
A gold price of US$1,850
per ounce was used for the 2023 MRE.
•
The 2023 MRE utilized a
gold cut-off grade of between 2.80 g/t and 3.12 g/t depending on
mineral resource area.
The cut-off grade
values were applied to vein grades diluted to a minimum height of
one vertical metre.
•
The 2023 MRE was prepared
by Pamela De Mark, P. Geo., Senior Vice President of Geology and
Exploration of Aris Mining.
2022 MRE
Notes:
•
The mineral resource
estimate used a US$ gold price per ounce of $1,850 to determine a
gold cut-off grade of 2.65 g/t and used a minimum mining width of
1.0 m.
|
Aris Mining's Q3 2023 interim financial statements and related
MD&A are available on SEDAR+, in its filings with the U.S.
Securities and Exchange Commission (the SEC), and in the
Financials section of Aris Mining's website here.
Q3 2023 Conference Call Details
Management will host a conference call and webcast on
Thursday, November 9, 2023 at
9:30 am PT / 12:30 pm ET.
Webcast
link:
https://services.choruscall.ca/links/arismining2023q3.html
Participants can pre-register to join the call automatically,
at:
https://services.choruscall.ca/DiamondPassRegistration/register?confirmationNumber=10022576&linkSecurityString=1a2bc09050
Replay
Dial-in:
Canada/USA
+1.800.319.6413
International
+1.604.638.9010
Replay access code 0482
After the conference call, a replay of the event will be
available at Aris Mining Corporation - Investors - Events &
Presentations (aris-mining.com).
About Aris Mining
Aris Mining is a gold producer in the Americas with a
growth-oriented strategy. In Colombia, Aris Mining operates several
high-grade underground mines at its Segovia Operations and the
Marmato Mine, which together produced 235,000 ounces of gold in
2022. Aris Mining is currently advancing construction of the
Marmato Lower Mine Expansion project, which will provide access to
wider porphyry mineralization below the current Upper Mine. Aris
Mining also operates the Soto Norte Project joint venture, where
environmental licensing is advancing to develop a new underground
gold, silver and copper mine. In Guyana, Aris Mining is advancing the Toroparu
Project, a gold/copper project. Aris Mining plans to pursue
acquisitions and other growth opportunities to unlock value
creation from scale and diversification.
Aris Mining promotes the formalization of artisanal and
small-scale mining as this process enables all miners to operate in
a legal, safe and responsible manner that protects them and the
environment.
Additional information on Aris Mining can be found
at www.aris-mining.com, www.sedarplus.ca, and on
www.sec.gov.
Cautionary Language
Non-IFRS Measures
Free cash flow, cash costs ($ per oz sold), AISC ($ per oz
sold), EBITDA, adjusted EBITDA, adjusted (loss)/earnings and
expenditures on growth capital are non-IFRS financial measures and
non-IFRS ratios. These measures do not have any standardized
meaning prescribed under IFRS, and therefore may not be comparable
to other issuers. For full details on these measures and ratios
refer to the "Non-IFRS Measures" section of the Company's
Management's Discussion and Analysis for the three months and nine
months ended September 30, 2023
(MD&A). The MD&A is incorporated by reference into this
news release and is available on the Company's profile on SEDAR+ at
www.sedarplus.ca and in its filings with the SEC at
www.sec.gov .
The tables below reconcile the non-IFRS financial measures
contained in this news release for the current and comparative
periods to the most directly comparable financial measure disclosed
in the Company's Q3 2023 interim financial statements.
Total cash costs
|
|
Segovia
Operations
|
Total
Operations
|
|
|
Three months
ended,
|
Nine months
ended,
|
Three months
ended,
|
Nine months
ended,
|
|
($000s except per
ounce amounts)
|
Sept 30,
2023
|
Jun 30,
2023
|
Sept 30,
2023
|
Sept 30,
2023
|
Jun 30,
2023
|
Sept 30,
2023
|
|
Total gold sold
(ounces)
|
52,627
|
48,381
|
145,916
|
59,040
|
54,228
|
162,426
|
|
Cost of
sales1
|
56,543
|
51,030
|
151,656
|
68,534
|
62,947
|
185,186
|
|
Less:
royalties1
|
(3,202)
|
(3,488)
|
(9,350)
|
(4,189)
|
(4,615)
|
(12,214)
|
|
Less: by-product
revenue1
|
(3,153)
|
(2,755)
|
(10,785)
|
(3,514)
|
(3,077)
|
(11,634)
|
|
Less: other
adjustments
|
-
|
-
|
-
|
(190)
|
-
|
(113)
|
|
Total cash
costs
|
50,188
|
44,787
|
131,521
|
60,641
|
55,255
|
161,225
|
|
Total cash costs ($
per oz gold sold)
|
954
|
926
|
901
|
1,027
|
1,019
|
993
|
|
|
|
|
|
|
|
|
|
|
|
1. As
presented in the Interim Financial Statements and notes for the
respective periods.
|
All-in sustaining costs (AISC)
|
Segovia
Operations
|
Total
Operations
|
|
Three months
ended,
|
Nine months
ended,
|
Three months
ended,
|
Nine months
ended,
|
|
($000s except per
ounce amounts)
|
Sept 30,
2023
|
Jun 30,
2023
|
Sept 30,
2023
|
Sept 30,
2023
|
Jun 30,
2023
|
Sept 30,
2023
|
|
Total gold sold
(ounces)
|
52,627
|
48,381
|
145,916
|
59,040
|
54,228
|
162,426
|
|
Total cash
costs
|
50,188
|
44,787
|
131,521
|
60,641
|
55,255
|
161,225
|
|
Add:
royalties1
|
3,202
|
3,488
|
9,350
|
4,189
|
4,615
|
12,214
|
|
Add: social
programs1
|
2,249
|
2,419
|
7,072
|
2,434
|
2,666
|
7,504
|
|
Add: sustaining capital
expenditures
|
6,685
|
2,450
|
16,467
|
8,143
|
3,812
|
19,822
|
|
Add: lease payments on
sustaining capital
|
507
|
588
|
1,750
|
507
|
588
|
1,750
|
|
Total cash
costs
|
62,831
|
53,732
|
166,160
|
75,913
|
66,936
|
202,515
|
|
Total cash costs ($
per oz gold sold)
|
1,194
|
1,111
|
1,139
|
1,286
|
1,234
|
1,247
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1. As
presented in the Interim Financial Statements and notes for the
respective periods.
|
The table below reconciles the cash cost per ounce sold and the
AISC per ounce sold for ore sourced from owner-operated mines and
other partner-operated mines to the totals for the consolidated
Segovia Operations:
|
Three months ended
September 30, 2023
|
Nine months ended
September 30, 2023
|
|
Owner Operated
mining1
|
Partner
|
Total
|
Owner Operated
mining1
|
Partner
|
Total
|
|
Operated mining2
|
Segovia
|
Operated
mining2
|
Segovia
|
|
Attributable gold sold
(ounces)
|
30,030
|
22,597
|
52,627
|
82,164
|
63,752
|
145,916
|
|
Total cash costs
($'000)3
|
23,602
|
26,586
|
50,188
|
60,436
|
71,085
|
131,521
|
|
Cash cost per ounce
sold ($/ounce)3
|
$786
|
$1,177
|
$954
|
$736
|
$1,115
|
$901
|
|
All-in sustaining costs
($'000)3
|
33,279
|
29,553
|
62,831
|
87,451
|
78,709
|
166,160
|
|
AISC cost per ounce
sold ($/ounce)3
|
$1,108
|
$1,308
|
$1,194
|
$1,064
|
$1,235
|
$1,139
|
|
|
|
|
|
|
|
|
Three months ended
June 30, 2023
|
|
Owner Operated
mining1
|
Partner
Operated
mining2
|
Total
Segovia
|
|
Attributable gold sold
(ounces)
|
27,168
|
21,213
|
48,381
|
|
Total cash costs
($'000)3
|
19,105
|
25,681
|
44,787
|
|
Cash cost per ounce
sold ($/ounce)3
|
$ 703
|
$
1,211
|
$
926
|
|
All-in sustaining costs
($'000)3
|
25,317
|
28,414
|
53,731
|
|
AISC cost per ounce
sold ($/ounce)3
|
$ 932
|
$
1,339
|
$
1,111
|
|
|
|
|
|
|
|
|
|
1.
|
Includes
Company-operated areas within the mines, utilizing owner-managed
labour.
|
|
2.
|
Comprises
contractor-operated and other small-scale mining operations within
and outside of the Company's mining title that are operated by
miners under contract to deliver the mill feed mined to the
Company's Maria Dama plant for processing.
|
|
3.
|
Refer to the
Non-IFRS Measures section for full details on cash
costs ($ per oz sold) and AISC ($ per oz sold). Comparative cash
cost and AISC values have been adjusted from amounts previously
disclosed following a change in the methodology used to calculate
total cash costs ($ per oz sold) and AISC ($ per oz sold) in Q3 of
2022.
|
Additions to mineral interests, plant and equipment
|
|
|
|
Three months
ended,
|
Nine months
ended,
|
|
($'000)
|
|
|
|
Sept 30,
2023
|
June 30,
2023
|
Sept 30,
2023
|
|
|
Sustaining
capital
|
|
|
|
|
|
|
|
|
Segovia
Operations
|
|
|
|
6,685
|
2,450
|
16,467
|
|
|
Marmato
Upper Mine
|
|
|
|
1,457
|
1,362
|
3,355
|
|
|
Total
|
|
|
|
8,143
|
3,812
|
19,822
|
|
|
Non-sustaining
growth capital
|
|
|
|
|
|
|
|
|
Segovia
Operations
|
|
|
|
6,569
|
7,638
|
16,849
|
|
|
Toroparu
Project
|
|
|
|
3,874
|
4,625
|
13,189
|
|
|
Marmato
Lower Mine
|
|
|
|
8,413
|
6,126
|
18,420
|
|
|
Marmato
Upper Mine
|
|
|
|
5,737
|
645
|
7,063
|
|
|
Juby
Project
|
|
|
|
-
|
-
|
33
|
|
|
Total
|
|
|
|
24,594
|
19,034
|
55,554
|
|
|
Total
Additions1
|
|
|
|
32,736
|
22,846
|
75,376
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1. As
presented in the Interim Financial Statements and notes for the
respective periods
|
Earnings before interest, taxes, depreciation, and
amortization (EBITDA) and adjusted EBITDA
|
|
Three months
ended,
|
Nine months
ended,
|
|
($000s)
|
|
|
Sept 30,
2023
|
June 30,
2023
|
Sept
30, 2023
|
|
Earnings (loss)
before tax1
|
|
|
24,765
|
17,283
|
48,798
|
|
Add back:
|
|
|
|
|
|
|
Depreciation and depletion1
|
|
|
10,938
|
8,825
|
27,409
|
|
Finance
income1
|
|
|
(3,672)
|
(2,358)
|
(8,203)
|
|
Interest
and accretion1
|
|
|
6,757
|
6,746
|
22,384
|
|
EBITDA
|
|
|
38,787
|
30,496
|
90,388
|
|
Add back:
|
|
|
|
|
|
|
Acquisition and restructuring costs
|
|
|
-
|
-
|
-
|
|
Share-based compensation1
|
|
|
528
|
459
|
2,134
|
|
Revaluation of investments (Denarius) 1
|
|
|
-
|
10,023
|
10,023
|
|
Loss from
equity accounting in investee1
|
|
|
(1,063)
|
1,427
|
3,605
|
|
(Gain)
loss on financial instruments1
|
|
|
1,017
|
(10,114)
|
1,713
|
|
Foreign
exchange (gain) loss1
|
|
|
2,285
|
7,237
|
11,865
|
|
Adjusted
EBITDA
|
|
|
41,555
|
39,528
|
119,729
|
|
1. As presented in the
Interim Financial Statements and notes for the respective
periods.
|
Adjusted net earnings and adjusted net earnings per
share
|
|
Three months
ended,
|
Nine months
ended,
|
|
($000s except shares
amount)
|
|
|
Sept 30,
2023
|
June 30,
2023
|
Sept 30,
2023
|
|
Basic weighted average
shares outstanding
|
|
|
137,192,545
|
136,229,686
|
136,710,913
|
|
Diluted weighted
average shares outstanding
|
|
|
137,484,041
|
140,289,533
|
140,898,277
|
|
Net earnings
(loss)1
|
|
|
12,443
|
8,258
|
15,299
|
|
Add
back:
|
|
|
|
|
|
|
Acquisition and restructuring costs
|
|
|
-
|
-
|
-
|
|
Share-based compensation1
|
|
|
528
|
459
|
2,134
|
|
Revaluation of investments (Aris Gold/Denarius)
1
|
|
|
-
|
10,023
|
10,023
|
|
(Income)
loss from equity accounting in investee1
|
|
|
(1,063)
|
1,427
|
3,605
|
|
(Gain)
loss on financial instruments1
|
|
|
1,017
|
(10,114)
|
1,713
|
|
Foreign
exchange (gain) loss1
|
|
|
2,285
|
7,237
|
11,865
|
|
Income tax effect on
adjustments
|
|
|
(796)
|
(2,453)
|
(4,213)
|
|
Adjusted net (loss)
/ earnings
|
|
|
14,414
|
14,837
|
40,426
|
|
Per share
– basic ($/share)
|
|
|
0.11
|
0.11
|
0.30
|
|
|
|
|
|
|
|
|
1. As
presented in the Interim Financial Statements and notes for the
respective periods.
|
Forward-Looking Information
This news release contains "forward-looking information" or
forward-looking statements" within the meaning of Canadian
securities legislation. All statements included herein, other than
statements of historical fact, including, without limitation,
statements relating to the Company being on track to achieve its
2023 production guidance, the expected benefits and timing related
to the Marmato Lower Mine expansion, plans with respect to updating
the mineral resource and reserve estimates and the timing thereof
and the Company's plans and strategies are forward-looking.
Generally, the forward-looking information and forward looking
statements can be identified by the use of forward looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", "will continue"
or "believes", or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved". The material
factors or assumptions used to develop forward looking information
or statements are disclosed throughout this presentation.
Forward looking information and forward looking statements,
while based on management's best estimates and assumptions, are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of Aris Mining to be materially different from
those expressed or implied by such forward-looking information or
forward looking statements, including but not limited to those
factors discussed in the section entitled "Risk Factors" in Aris
Mining's annual information form dated March
31, 2023 and in the section entitled "Risks and
Uncertainties" in the MD&A, which are both available on SEDAR+
at www.sedarplus.ca and in the Company's filings with the SEC at
www.sec.gov.
Although Aris Mining has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking information and forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance
that such information or statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information or statements. The Company has and
continues to disclose in its Management's Discussion and Analysis
and other publicly filed documents, changes to material factors or
assumptions underlying the forward-looking information and
forward-looking statements and to the validity of the information,
in the period the changes occur. The forward-looking statements and
forward-looking information are made as of the date hereof and Aris
Mining disclaims any obligation to update any such factors or to
publicly announce the result of any revisions to any of the
forward-looking statements or forward-looking information contained
herein to reflect future results. Accordingly, readers should not
place undue reliance on forward-looking statements and
information.
This news release contains information that may constitute
future-orientated financial information or financial outlook
information (collectively, FOFI) about the Company's prospective
financial performance, financial position or cash flows, all of
which is subject to the same assumptions, risk factors, limitations
and qualifications as set forth above. Readers are cautioned that
the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may
prove to be imprecise or inaccurate and, as such, undue reliance
should not be placed on FOFI. The Company's actual results,
performance and achievements could differ materially from those
expressed in, or implied by, FOFI. The Company has included FOFI in
order to provide readers with a more complete perspective on the
Company's future operations and management's current expectations
relating to the Company's future performance. Readers are cautioned
that such information may not be appropriate for other purposes.
FOFI contained herein was made as of the date of this news release.
Unless required by applicable laws, the Company does not undertake
any obligation to publicly update or revise any FOFI statements,
whether as a result of new information, future events or
otherwise.
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SOURCE Aris Mining Corporation