Why Invest in Aris Mining
A gold producer in the Americas, expanding for tomorrow.
Key Investment Highlights
Two operating mines with expansions underway
~230,000 oz
2024E consolidated production1
$159 million in adjusted EBITDA
FY 2023 from current operations2
growing
to
500,000 oz
Targeted 2026E Production, following expansions3
$300+ million EBITDA
2026E Target4
High-grade resource base
9.6 Moz at operating assets
Segovia: M&I resource of
3.6 Moz at 14.3 g/t5
Marmato: M&I resource of
6.0 Moz at 3.0 g/t5
and
7.1 Moz at development projects
Soto Norte: attributable resources of
1.7 Moz at 5.5 g/t5
Toroparu: M&I resources of
5.4 Moz at 1.5 g/t5
Exploration success
+114% to 3.6 Moz at 14.3 g/t
M&I resource growth in 2023 at Segovia5
and
+75% to 1.3 Moz at 11.6 g/t
P&P reserve growth in 2023 at Segovia5
Two projects
for long-term growth
Soto Norte Project
20% Joint-Venture interest in indicated mineral resources
of 8.5 Moz5,6
and
Toroparu Project
Gold exploration and development
project in western Guyana
Underpinned by
Strong financial position
$195 million cash as of Dec 31, 2023
Cash flow from operations
contributing to growth funding
Experienced team with track
record of success
Investment Highlights Notes:
- See Appendix for 2024 guidance details
- EBITDA is a non-IFRS measure, refer to the MD&A for the period ended December 31, 2023 for a reconciliation of adjusted EBITDA.
- Estimated consolidated 2026 production based on Marmato PFS and increased production following completion of Segovia plant expansion.
- Estimated consolidated EBITDA based on Marmato PFS and increased production following completion of Segovia plant expansion.
- For complete mineral resource and reserve and technical information refer to Mineral Reserves and Resources
- 100% basis.
Capital structure
Share Capital Structure as of May 1:
| Issued and outstanding shares | 151.9M |
| Share price – as of May 1, 2024 | C$5.59 / US$4.04 |
| Market capitalization (issued share basis) | C$849M / US$614M |
| Cash balance as of Dec 31, 2023 | US$195M |
| Shares issuable on exercise of options & warrants | 40.5M |
| Potential proceeds assuming full exercise of options and warrants | C$212M / US$154M |
| Fully diluted shares | 192.4M |
Exchange-traded Debt
Exchange-traded Warrants
Other Share Purchase Warrants
| Outstanding | Effective Exercise Price | Proceeds Assuming Full Exercise | Expiry | |
|---|---|---|---|---|
| Unlisted Warrants – tranche 1 | 0.3M | C$1.903 | C$0.6M / US$0.4M | Jun 12, 2024 |
| Unlisted Warrants – tranche 2 | 1.6M | C$4.033 | C$6M / US$5M | Aug 27, 2024 |
| Unlisted Warrants – tranche 3 | 1.7M | C$6.004 | C$10M / US$7M | Dec 31, 2024 |
Capital Structure Notes:
- Principal amounts outstanding as of December 31, 2023.
- Two Aris Mining Holdings Corp. warrants can be exercised to acquire one Aris Mining common share for an aggregate exercise price of C$5.50 per Aris Mining common share. The acceleration terms were removed pursuant to the terms of the Third Supplemental Warrant Indenture made as of the 26th day of September, 2022 and in connection with Aris Gold Corporation’s merger with GCM Mining Corp. on the same date.
- Each Gold-X Mining Corp. (now Aris Mining Guyana Holdings Corp., a wholly owned subsidiary of Aris Mining) share purchase warrant is converted to Aris Mining share purchase warrants at a ratio of 0.6948:1.
- Two Aris Mining Holdings Corp. warrants can be exercised to acquire one Aris Mining common share for an aggregate exercise price of C$6.00 per Aris Mining common share.
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