The following is a summary of the Aris Mining Corporation (ARMN) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Aris Mining reported Q2 revenue of $114.2 million and half-year revenue of $219.4 million.

• They generated an adjusted EBITDA of $64.5 million for the first half of the year.

• Adjusted earnings were $18.1 million, or $0.12 per share for the first six months.

• The all-in sustaining margin from Segovia was $60.6 million in H1.

• Capital expenditures were $70 million during H1 for expansion projects.

Business Progress:

• 49,000 ounces of gold were produced in Q2, reaching a total of 99,983 ounces in the first half of the year.

• Expansion projects at Segovia and Marmato are progressing with expectations to hit an annual gold production of about half a million ounces by H2 2026.

• Drilling at Segovia continues to deliver high-grade intersections, supporting its high-grade status.

• The acquisition of an additional 31% in Soto Norte, increasing ownership to 51%.

• Ongoing development of the Soto Norte project, with new development plans slated for 2025.

Opportunities:

• The Segovia operations are expanding to meet higher production targets.

• Acquisition and increased ownership in Soto Norte to expand future project capabilities.

Risks:

• Uncertainties in reaching the full-year gold production targets due to the first-half operational challenges.

• Potential inflationary impacts and increased cash costs at Segovia due to higher market prices of gold.

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