Reported Late Wednesday, Aris Mining Q4 Adj. EPS $0.09 Down From $0.11 QoQ, Adjusted EBITDA $39.65M Down From $41.56M QoQ
Portfolio Pulse from Benzinga Newsdesk
Aris Mining Corporation (ARMN) reported a decrease in Q4 adjusted EPS to $0.09 from $0.11 QoQ and a drop in adjusted EBITDA to $39.65M from $41.56M QoQ. The company's gold production for Q4 was 61,052 ounces, contributing to a total of 226,151 ounces for FY 2023. The Segovia Operations AISC/oz was $1,264 for Q4 and $1,173 for FY 2023. Net earnings for Q4 were a loss of $5.9M, or $0.04 per share, while FY 2023 saw net earnings of $11.4M, or $0.08 per share. Adjusted earnings for FY 2023 were $52.2M, or $0.38 per share.
March 07, 2024 | 6:40 am
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Aris Mining Corporation reported a decrease in Q4 adjusted EPS and adjusted EBITDA, alongside a net loss for Q4 but positive net earnings for FY 2023.
The reported decrease in adjusted EPS and adjusted EBITDA for Q4, along with a net loss for the quarter, could negatively impact investor sentiment and potentially lead to a short-term decrease in ARMN's stock price. However, the overall positive FY earnings and substantial gold production might mitigate some negative impacts.
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IMPORTANCE 90
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