Aris Mining Stock Symbol ARIS

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Close-up of Pieces of Minerals in the Ground
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Aris Mining's stock symbol is ARIS. It's listed on the OTCQB Venture Market, which is a platform for early-stage and developing companies.

Aris Mining has a market capitalization of around $10 million, a relatively small size compared to other publicly traded companies.

The company's stock is considered a penny stock, with a low price point that can be attractive to investors looking for a high-risk, high-reward opportunity.

Aris Mining's stock price has been volatile, with significant price swings over the past year.

Recent Developments

Aris Mining has been making waves in the industry with some exciting developments. They've announced high-grade drill results from their ongoing Segovia operations exploration program.

In June 2024, Aris Mining completed an acquisition to increase their ownership in the Soto Norte gold-copper project to 51%. This move is a significant step in their expansion plans.

Aris Mining's stock symbol is ARIS on the TSX and ARMN on the NYSE-A.

Announces High Grade Drill Results

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Aris Mining Corporation has announced high grade drill results from its ongoing exploration program at the Segovia operations. The company received these results in August 2024.

The results were announced through a press release on August 12, 2024. Aris Mining Corporation is a publicly traded company listed on the TSX and NYSE-A exchanges under the symbols ARIS and ARMN, respectively.

Acquires Majority Stake in Soto Norte Project

Aris Mining Corporation has acquired a majority stake in the Soto Norte project, increasing its ownership to 51%. This significant move was made possible through the completion of an acquisition.

The acquisition was announced on June 28, 2024, in a press release from Vancouver, BC. Aris Mining had previously entered into a binding agreement with MDC Industry Holdings to acquire a majority stake in the project.

Aris Mining's move to increase its ownership in the Soto Norte project is a strategic one, positioning the company for future growth and success.

Financial Information

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Aris Mining's financial information paints a picture of a growing company. Revenue is expected to reach $826 USD in 2025, with an estimated increase to $1,222 USD in 2026.

The company's net profit is projected to be $181 USD in 2025, rising to $306 USD in 2026. Earnings per share (EPS) are expected to be $1.08 in 2025 and $1.84 in 2026.

Aris Mining's cash flow from operations is expected to be $282 USD in 2025, increasing to $428 USD in 2026. The company's free cash flow is projected to be $56 USD in 2025, growing to $294 USD in 2026.

Here's a breakdown of Aris Mining's estimated financials for 2025 and 2026:

Mid-Tier Gold Producer

Aris Mining is a mid-tier gold producer with operations in Colombia, showcasing that mid-tier gold producers can be found in various parts of the world.

Their aggressive growth strategy highlights the importance of ambition in the industry, as seen with the construction of the Marmato Lower Mine.

The company's focus on expansion, such as the expansion of the Segovia processing plant, demonstrates a commitment to increasing production and efficiency.

Mid-tier gold producers like Aris Mining often have a strong presence in specific regions, in this case, Colombia, where they can leverage local expertise and resources.

USD

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In the financial world, understanding USD (United States Dollar) is crucial for making informed decisions. The average price target for Aris Mining Corporation is $7.01, representing a 92.05% increase from the last closing price of $3.65.

Aris Mining Corporation's financial estimates for 2025 are looking promising, with revenue projected to be $826 million. This is a significant increase from previous years.

The company's earnings per share (EPS) is expected to be $1.08 in 2025, with an average P/E ratio of 3.40. This suggests that investors are willing to pay a premium for Aris Mining Corporation's stock.

Here are some key financial estimates for Aris Mining Corporation:

Aris Mining Corporation's financial health is also looking good, with a net debt of $262 million in 2025 and a shareholder's equity of $1,106 million.

Price History & Performance

Aris Mining's share price has been on a rollercoaster ride over the past year, with its current price sitting at CA$5.30. This is a 24.41% increase from the same time last year.

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The company's 52-week high was CA$6.97, while its low was CA$3.68, giving you an idea of the price fluctuations. Its beta of 1.53 indicates that Aris Mining's stock price is more volatile than the overall market.

In the past month, the share price has dropped by 1.12%, and over the past three months, it's down by 10.92%. However, if you had invested in the company since its IPO, you would have seen a decline of 98.96%.

Here's a breakdown of Aris Mining's price history over the past few years:

It's worth noting that Aris Mining's share price has been relatively stable over the past three months, with a 1.12% drop in the past month.

Frequently Asked Questions

What is the debt of Aris mining?

Aris mining has a gross debt of USD351 million as of June 30, 2024, consisting of senior unsecured notes due in 2026 and other debt. The majority of this debt, USD300 million, is due in 2026.

Angelo Douglas

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Angelo Douglas is a seasoned writer with a passion for creating informative and engaging content. With a keen eye for detail and a knack for simplifying complex topics, Angelo has established himself as a trusted voice in the world of finance. Angelo's writing portfolio spans a range of topics, including mutual funds and mutual fund costs and fees.

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