Q: Could please give your opinion on Aris Mining and their recent earnings. Would it be a top pick in the junior minor sector or do like another company better.
5i Research Answer:
EPS of 8c missed estimates of 20c; revenue of $96.9M missed estimates of $104.3M. EBITDA of $38.6M missed by 7%. Following the merger with GCM, operating expenses were reduced $2.2M. Production was 50,900 ounces. All in costs were $1,214. Guidance was largely maintained. Balance sheet remains 'ok' but not great. Very good growth is expected over the next 24 months. We like it, but a miss is a miss. But its valuation is so cheap we would still consider it a buy. We do like KRR better overall.