Aris Mining Corporation (ARMN) 10-Year Financial Performance & Capital Metrics

ARMN • • Industrial / General

Basic MaterialsGoldIntermediate Gold ProducersMulti-Mine Operators

AboutAris Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold and silver properties. The company holds interests in the Segovia operations comprising the El Silencio, Providencia, Carla, and Sandra K underground mines located in Colombia. It also holds interests in the Marmato project in Colombia; Juby project located in Ontario, Canada; and Toroparu project in the western Guyana gold district. The company was formerly known as GCM Mining Corp. and changed its name to Aris Mining Corporation in September 2022. Aris Mining Corporation is based in Vancouver, Canada.Show more

Revenue $511M +14.1%
EBITDA $152M +3.2%
Net Income $25M +115.3%
EPS (Diluted) 0.14 +68.1%
Gross Margin 38.36% -7.6%
EBITDA Margin 29.67% -9.5%
Operating Margin 23% -5.4%
Net Margin 4.81% +88.7%
ROE 2.88% +41.3%
ROIC 8.14% -27.9%
Debt/Equity 0.48 -21.6%
Interest Coverage 4.30 +8.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 95 (top 5%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 10.3%
✓Healthy 5Y average net margin of 10.7%
✓Trading near 52-week high

✗Weaknesses

✗Weak 3Y average ROE of 1.3%
✗Negative free cash flow
✗Shares diluted 15.8% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.29%

5Y10.28%

3Y10.1%

TTM58.38%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-49.08%

TTM1697.32%

EPS CAGR

10Y-

5Y-

3Y-55.51%

TTM1205.11%

ROCE

10Y Avg12.78%

5Y Avg18.59%

3Y Avg7.8%

Latest7.66%

Peer Comparison

Multi-Mine Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HLHecla Mining Company	16.9B	25.22	445.58	29.12%	25.23%	12.61%	0.02%	0.27
CDECoeur Mining, Inc.	13.63B	21.22	141.47	28.35%	24.03%	13.21%		0.54
ARMNAris Mining Corporation	3.7B	18.24	130.29	14.06%	6.35%	3.44%		0.48
NGDNew Gold Inc.	8.24B	10.41	74.36	17.55%	20.16%	20%	1.48%	0.38
AGIAlamos Gold Inc.	16.92B	40.30	58.41	31.62%	33.38%	13.27%	1.39%	0.08
CGAUCenterra Gold Inc.	3.24B	16.06	45.89	10.92%	26.35%	17.46%	3.52%	0.01
EGOEldorado Gold Corporation	8.16B	40.61	28.80	30.94%	22.17%	9.08%	0.3%	0.24
EQXEquinox Gold Corp.	11.43B	14.56	21.41	39.14%	5.73%	2.35%		0.41

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	134.95M	184.07M	215.37M	268.52M	313.01M	390.92M	382.61M	399.96M	447.67M	510.6M
Revenue Growth %	0.1%	0.36%	0.17%	0.25%	0.17%	0.25%	-0.02%	0.05%	0.12%	0.14%
Cost of Goods Sold+	101.34M	120.35M	146.55M	179.65M	176.09M	198.72M	215.31M	195.82M	261.77M	314.76M
COGS % of Revenue	0.75%	0.65%	0.68%	0.67%	0.56%	0.51%	0.56%	0.49%	0.58%	0.62%
Gross Profit+	33.61M	63.72M	68.81M	88.88M	136.92M	192.2M	167.3M	204.14M	185.91M	195.84M
Gross Margin %	0.25%	0.35%	0.32%	0.33%	0.44%	0.49%	0.44%	0.51%	0.42%	0.38%
Gross Profit Growth %	7.61%	0.9%	0.08%	0.29%	0.54%	0.4%	-0.13%	0.22%	-0.09%	0.05%
Operating Expenses+	12.84M	14.65M	15.44M	14.02M	200.76M	37.26M	-29.27M	142.65M	77.08M	78.41M
OpEx % of Revenue	0.1%	0.08%	0.07%	0.05%	0.64%	0.1%	-0.08%	0.36%	0.17%	0.15%
Selling, General & Admin	5.7M	7.63M	13.75M	11.54M	26.07M	26.62M	14.86M	23.44M	22.95M	23.57M
SG&A % of Revenue	0.04%	0.04%	0.06%	0.04%	0.08%	0.07%	0.04%	0.06%	0.05%	0.05%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	7.14M	7.02M	-815K	-4.86M	174.69M	10.64M	-44.13M	119.21M	54.13M	54.84M
Operating Income+	-15.35M	34.73M	101.71M	74.85M	-63.84M	154.94M	196.57M	61.49M	108.83M	117.44M
Operating Margin %	-0.11%	0.19%	0.47%	0.28%	-0.2%	0.4%	0.51%	0.15%	0.24%	0.23%
Operating Income Growth %	0.34%	3.26%	1.93%	-0.26%	-1.85%	3.43%	0.27%	-0.69%	0.77%	0.08%
EBITDA+	-3.03M	47.29M	121.58M	105.26M	143.12M	179.95M	228.12M	94.97M	146.82M	151.51M
EBITDA Margin %	-0.02%	0.26%	0.56%	0.39%	0.46%	0.46%	0.6%	0.24%	0.33%	0.3%
EBITDA Growth %	0.59%	16.61%	1.57%	-0.13%	0.36%	0.26%	0.27%	-0.58%	0.55%	0.03%
D&A (Non-Cash Add-back)	12.32M	12.56M	19.87M	30.41M	206.96M	25.01M	31.55M	33.48M	38M	34.08M
EBIT	3.25M	28.37M	102.19M	25.94M	-64.73M	45.35M	244.43M	93.75M	87.22M	118.15M
Net Interest Income+	-8.61M	-28.33M	-30.97M	-26.69M	-10.59M	-22.83M	-17.02M	-21.53M	-16.32M	-20.43M
Interest Income	90.26K	317.14K	317K	832.27K	1.09M	1.57M	1.41M	6.76M	11.06M	6.89M
Interest Expense	8.71M	28.65M	31.29M	8.65M	11.68M	24.4M	18.43M	28.29M	27.38M	27.32M
Other Income/Expense	9.9M	-16.18M	-33.27M	-57.56M	-47.95M	-116.9M	35.13M	-3.76M	-50M	-38.11M
Pretax Income+	-5.46M	18.55M	68.44M	17.29M	-111.79M	38.05M	231.71M	57.73M	58.83M	79.33M
Pretax Margin %	-0.04%	0.1%	0.32%	0.06%	-0.36%	0.1%	0.61%	0.14%	0.13%	0.16%
Income Tax+	7.63M	14.84M	31.59M	20.67M	19.38M	65.62M	51.74M	62.59M	47.41M	56.04M
Effective Tax Rate %	2.39%	0.2%	0.54%	-0.2%	1.17%	-0.12%	0.8%	-0.08%	0.19%	0.31%
Net Income+	-13.02M	3.71M	36.85M	-3.38M	-131.16M	-4.65M	186.23M	-4.86M	11.42M	24.58M
Net Margin %	-0.1%	0.02%	0.17%	-0.01%	-0.42%	-0.01%	0.49%	-0.01%	0.03%	0.05%
Net Income Growth %	-2.93%	1.28%	8.93%	-1.09%	-37.82%	0.96%	41.02%	-1.03%	3.35%	1.15%
Net Income (Continuing)	-13.09M	3.71M	36.85M	-3.38M	-131.16M	-27.57M	179.97M	-4.86M	11.42M	23.29M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	42.52M	0	0	0	284.54M
EPS (Diluted)+	-8.24	0.23	0.61	-0.04	-1.61	-0.08	1.59	-0.04	0.08	0.14
EPS Growth %	-2.65%	1.03%	1.65%	-1.07%	-37.7%	0.95%	20.88%	-1.03%	2.93%	0.68%
EPS (Basic)	-8.24	0.30	1.81	-0.10	-2.65	-0.08	2.25	-0.04	0.08	0.14
Diluted Shares Outstanding	1.58M	96.04M	94.49M	81.31M	81.31M	60.7M	94.89M	108.16M	137.06M	158.69M
Basic Shares Outstanding	1.58M	15.82M	20.34M	34.67M	49.48M	58.16M	94.89M	121.45M	142.74M	157.73M
Dividend Payout Ratio	-	-	-	-	-	-	0.06%	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	20.13M	26.89M	36.89M	69.72M	136.91M	328.71M	381.97M	378.2M	289.1M	350.78M
Cash & Short-Term Investments	3M	2.78M	3.27M	35.65M	94.84M	122.51M	323.56M	299.46M	194.62M	252.53M
Cash Only	3M	2.78M	3.27M	35.65M	94.84M	122.51M	323.56M	299.46M	194.62M	252.53M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	7.91M	11.35M	14.41M	13.49M	15.32M	24.19M	29.57M	48.53M	3.5M	47.23M
Days Sales Outstanding	21.4	22.51	24.42	18.34	17.87	22.59	28.21	44.28	2.86	33.76
Inventory	7.8M	10.83M	12.93M	15.84M	24.31M	30.37M	22.41M	26.63M	38.86M	45.68M
Days Inventory Outstanding	28.1	32.84	32.2	32.17	50.39	55.79	37.99	49.64	54.19	52.97
Other Current Assets	77K	245K	4.27M	3.27M	2.44M	148.78M	4.48M	907K	47.47M	1.7M
Total Non-Current Assets+	358.22M	354.26M	413.1M	380.14M	222.51M	321.86M	616.42M	863.92M	1.06B	1.64B
Property, Plant & Equipment	350.69M	349M	404.58M	373.24M	207.49M	302.61M	455.78M	749.15M	938.63M	1.63B
Fixed Asset Turnover	0.38x	0.53x	0.53x	0.72x	1.51x	1.29x	0.84x	0.53x	0.48x	0.31x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	1.11M	2M	118K	5.37M	15.03M	10.43M	146.5M	113.53M	118.54M	12.8M
Other Non-Current Assets	1.12M	2M	8.41M	1.53M	0	8.82M	14.14M	1.25M	-6.93M	3.11M
Total Assets+	378.34M	381.15M	449.99M	449.85M	359.42M	650.57M	998.38M	1.24B	1.35B	1.99B
Asset Turnover	0.36x	0.48x	0.48x	0.60x	0.87x	0.60x	0.38x	0.32x	0.33x	0.26x
Asset Growth %	-0.18%	0.01%	0.18%	-0%	-0.2%	0.81%	0.53%	0.24%	0.09%	0.47%
Total Current Liabilities+	147.41M	38.2M	76.44M	65.3M	86.85M	178.39M	64.31M	180.22M	145.19M	134.52M
Accounts Payable	21.93M	12.93M	15.05M	16.25M	20.92M	34.53M	23.76M	47.28M	55.5M	69.7M
Days Payables Outstanding	78.97	39.23	37.49	33.01	43.37	63.42	40.28	88.13	77.39	80.82
Short-Term Debt	102.18M	1.23M	34.27M	19.5M	18.7M	12.36M	8.13M	80.21M	36.83M	22.13M
Deferred Revenue (Current)	1000K	0	0	0	0	0	0	1000K	0	1000K
Other Current Liabilities	-22.81M	-9.26M	-6.13M	-12.47M	17M	-25.44M	-14.91M	22.95M	-15.28M	15.19M
Current Ratio	0.14x	0.70x	0.48x	1.07x	1.58x	1.84x	5.94x	2.10x	1.99x	2.61x
Quick Ratio	0.08x	0.42x	0.31x	0.83x	1.30x	1.67x	5.59x	1.95x	1.72x	2.27x
Cash Conversion Cycle	-29.47	16.12	19.13	17.51	24.89	14.96	25.91	5.8	-20.34	5.91
Total Non-Current Liabilities+	77.33M	160.25M	149.19M	138.88M	154.93M	275.95M	455.54M	566M	583.02M	776.88M
Long-Term Debt	1.57M	85.02M	64.88M	54.56M	72.02M	127.85M	306.13M	349.73M	341M	494.1M
Capital Lease Obligations	0	0	357K	0	1.56M	2.98M	2.09M	3.71M	3.08M	2.69M
Deferred Tax Liabilities	50.27M	49.92M	59.5M	46.21M	18.75M	22.22M	8.48M	48.26M	60.36M	55.01M
Other Non-Current Liabilities	25.49M	25.31M	83.95M	38.12M	62.61M	122.89M	54.78M	21.25M	31.19M	31.05M
Total Liabilities	224.73M	198.46M	225.63M	204.18M	241.77M	454.34M	519.86M	746.23M	728.22M	911.4M
Total Debt+	103.75M	86.25M	99.15M	74.1M	92.27M	145.15M	318.07M	436.06M	382.93M	520.57M
Net Debt	100.75M	83.47M	95.88M	38.46M	-2.56M	22.64M	-5.49M	136.6M	188.3M	268.04M
Debt / Equity	0.68x	0.47x	0.44x	0.30x	0.78x	0.74x	0.66x	0.88x	0.61x	0.48x
Debt / EBITDA	-	1.82x	0.82x	0.70x	0.64x	0.81x	1.39x	4.59x	2.61x	3.44x
Net Debt / EBITDA	-	1.76x	0.79x	0.37x	-0.02x	0.13x	-0.02x	1.44x	1.28x	1.77x
Interest Coverage	-1.76x	1.21x	3.25x	8.65x	-5.47x	6.35x	10.66x	2.17x	3.97x	4.30x
Total Equity+	153.61M	182.69M	224.36M	245.68M	117.65M	196.23M	478.53M	495.89M	624.65M	1.08B
Equity Growth %	-0.29%	0.19%	0.23%	0.1%	-0.52%	0.67%	1.44%	0.04%	0.26%	0.73%
Book Value per Share	97.22	1.90	2.37	3.02	1.45	3.23	5.04	4.58	4.56	6.83
Total Shareholders' Equity	153.61M	182.69M	224.36M	245.68M	117.65M	153.71M	478.53M	495.89M	624.65M	798.57M
Common Stock	369.15M	381.89M	384.44M	434.83M	446.01M	472.22M	626.04M	715.03M	719.81M	935.92M
Retained Earnings	-293.9M	-290.19M	-260.87M	-264.25M	-395.42M	-383.17M	-212.39M	-226.86M	-215.44M	-190.74M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-88.27M	-78.43M	-76.66M	-101.71M	-109.05M	-115.84M	-122.7M	-183.14M	-61.47M	-160.45M
Minority Interest	0	0	0	0	0	42.52M	0	0	0	284.54M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	32.95M	33.27M	50.53M	79.74M	104.34M	136.38M	77.04M	76.95M	104.7M	96.03M
Operating CF Margin %	0.24%	0.18%	0.23%	0.3%	0.33%	0.35%	0.2%	0.19%	0.23%	0.19%
Operating CF Growth %	2.38%	0.01%	0.52%	0.58%	0.31%	0.31%	-0.44%	-0%	0.36%	-0.08%
Net Income	-13.09M	3.71M	36.85M	-3.38M	-131.16M	-27.57M	184.59M	622K	11.42M	23.4M
Depreciation & Amortization	12.32M	-2.64M	-43.93M	37.12M	32.37M	47.31M	31.71M	33.53M	36.51M	33.46M
Stock-Based Compensation	0	548K	634K	903K	2.16M	7.81M	0	1.42M	5.11M	0
Deferred Taxes	10.9M	17.07M	32.51M	20.67M	19.38M	65.62M	-3.67M	62.59M	-1.85M	2.34M
Other Non-Cash Items	32.95M	27.81M	-15.45M	24.17M	185.71M	46.28M	-121.2M	400K	61.57M	54.64M
Working Capital Changes	2.19M	-15.86M	-4.02M	261K	-4.11M	-3.07M	-14.38M	-21.6M	-8.06M	-17.82M
Change in Receivables	5.3M	-4.77M	-2.58M	-1.59M	-1.25M	-9.82M	-9.91M	-15.51M	7.28M	-7.05M
Change in Inventory	453K	-2.37M	-2.17M	-4.11M	-8M	-6.02M	-2.02M	-4.08M	-6.19M	-13.65M
Change in Payables	-2.88M	-8.23M	695.13K	5.3M	0	14.2M	-3.05M	-2.31M	-7.82M	2.33M
Cash from Investing+	-12.45M	-16.52M	-24.59M	-38.76M	-51.61M	-72.31M	-227.69M	-54.58M	-180.28M	-176.05M
Capital Expenditures	-12.65M	-16.71M	-24.97M	-35.6M	-42.66M	-62.8M	-69.86M	-115.01M	-115.8M	-172.74M
CapEx % of Revenue	0.09%	0.09%	0.12%	0.13%	0.14%	0.16%	0.18%	0.29%	0.26%	0.34%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	204K	194K	372K	-98K	5M	-2.28M	-1.9M	4.58M	-4.65M	-793.96K
Cash from Financing+	-18.08M	-17.17M	-25.45M	-7.5M	-4.04M	-23.61M	355.2M	-39.32M	-33.33M	140.72M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-1.48M	-11.39M	-9.94M	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-16.32M	-13.3M	-19.13M	104K	-6.45M	-4.91M	127.79M	-21.39M	-25.97M	-2.33M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	20.3M	16.56M	25.56M	44.14M	61.67M	73.58M	7.17M	-38.05M	-9.02M	-76.71M
FCF Margin %	0.15%	0.09%	0.12%	0.16%	0.2%	0.19%	0.02%	-0.1%	-0.02%	-0.15%
FCF Growth %	1.95%	-0.18%	0.54%	0.73%	0.4%	0.19%	-0.9%	-6.31%	0.76%	-7.51%
FCF per Share	12.85	0.17	0.27	0.54	0.76	1.21	0.08	-0.35	-0.07	-0.48
FCF Conversion (FCF/Net Income)	-2.53x	8.97x	1.37x	-23.60x	-0.80x	-29.31x	0.41x	-15.84x	9.17x	3.91x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-7.03%	2.21%	18.1%	-1.44%	-72.2%	-2.96%	55.2%	-1%	2.04%	2.88%
Return on Invested Capital (ROIC)	-3.9%	10.01%	26.02%	18.58%	-23.99%	69.6%	42.62%	8.34%	11.29%	8.14%
Gross Margin	24.91%	34.62%	31.95%	33.1%	43.74%	49.17%	43.73%	51.04%	41.53%	38.36%
Net Margin	-9.65%	2.02%	17.11%	-1.26%	-41.9%	-1.19%	48.67%	-1.21%	2.55%	4.81%
Debt / Equity	0.68x	0.47x	0.44x	0.30x	0.78x	0.74x	0.66x	0.88x	0.61x	0.48x
Interest Coverage	-1.76x	1.21x	3.25x	8.65x	-5.47x	6.35x	10.66x	2.17x	3.97x	4.30x
FCF Conversion	-2.53x	8.97x	1.37x	-23.60x	-0.80x	-29.31x	0.41x	-15.84x	9.17x	3.91x
Revenue Growth	9.69%	36.4%	17%	24.68%	16.57%	24.89%	-2.13%	4.54%	11.93%	14.06%

Frequently Asked Questions

Valuation & Price

Aris Mining Corporation (ARMN) has a price-to-earnings (P/E) ratio of 130.3x. This suggests investors expect higher future growth.

Growth & Financials

Aris Mining Corporation (ARMN) reported $767.3M in revenue for fiscal year 2024. This represents a 457% increase from $137.7M in 2011.

Aris Mining Corporation (ARMN) grew revenue by 14.1% over the past year. This is steady growth.

Yes, Aris Mining Corporation (ARMN) is profitable, generating $48.7M in net income for fiscal year 2024 (4.8% net margin).

Dividend & Returns

Aris Mining Corporation (ARMN) has a return on equity (ROE) of 2.9%. This is below average, suggesting room for improvement.

Aris Mining Corporation (ARMN) generated $85.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Aris Mining Corporation (ARMN) 10-Year Financial Performance & Capital Metrics

ARMN • • Industrial / General

Basic MaterialsGoldIntermediate Gold ProducersMulti-Mine Operators

Revenue $511M +14.1%
EBITDA $152M +3.2%
Net Income $25M +115.3%
EPS (Diluted) 0.14 +68.1%
Gross Margin 38.36% -7.6%
EBITDA Margin 29.67% -9.5%
Operating Margin 23% -5.4%
Net Margin 4.81% +88.7%
ROE 2.88% +41.3%
ROIC 8.14% -27.9%
Debt/Equity 0.48 -21.6%
Interest Coverage 4.30 +8.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 95 (top 5%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 10.3%
✓Healthy 5Y average net margin of 10.7%
✓Trading near 52-week high

✗Weaknesses

✗Weak 3Y average ROE of 1.3%
✗Negative free cash flow
✗Shares diluted 15.8% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.29%

5Y10.28%

3Y10.1%

TTM58.38%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-49.08%

TTM1697.32%

EPS CAGR

10Y-

5Y-

3Y-55.51%

TTM1205.11%

ROCE

10Y Avg12.78%

5Y Avg18.59%

3Y Avg7.8%

Latest7.66%

Peer Comparison

Multi-Mine Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HLHecla Mining Company	16.9B	25.22	445.58	29.12%	25.23%	12.61%	0.02%	0.27
CDECoeur Mining, Inc.	13.63B	21.22	141.47	28.35%	24.03%	13.21%		0.54
ARMNAris Mining Corporation	3.7B	18.24	130.29	14.06%	6.35%	3.44%		0.48
NGDNew Gold Inc.	8.24B	10.41	74.36	17.55%	20.16%	20%	1.48%	0.38
AGIAlamos Gold Inc.	16.92B	40.30	58.41	31.62%	33.38%	13.27%	1.39%	0.08
CGAUCenterra Gold Inc.	3.24B	16.06	45.89	10.92%	26.35%	17.46%	3.52%	0.01
EGOEldorado Gold Corporation	8.16B	40.61	28.80	30.94%	22.17%	9.08%	0.3%	0.24
EQXEquinox Gold Corp.	11.43B	14.56	21.41	39.14%	5.73%	2.35%		0.41

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	134.95M	184.07M	215.37M	268.52M	313.01M	390.92M	382.61M	399.96M	447.67M	510.6M
Revenue Growth %	0.1%	0.36%	0.17%	0.25%	0.17%	0.25%	-0.02%	0.05%	0.12%	0.14%
Cost of Goods Sold+	101.34M	120.35M	146.55M	179.65M	176.09M	198.72M	215.31M	195.82M	261.77M	314.76M
COGS % of Revenue	0.75%	0.65%	0.68%	0.67%	0.56%	0.51%	0.56%	0.49%	0.58%	0.62%
Gross Profit+	33.61M	63.72M	68.81M	88.88M	136.92M	192.2M	167.3M	204.14M	185.91M	195.84M
Gross Margin %	0.25%	0.35%	0.32%	0.33%	0.44%	0.49%	0.44%	0.51%	0.42%	0.38%
Gross Profit Growth %	7.61%	0.9%	0.08%	0.29%	0.54%	0.4%	-0.13%	0.22%	-0.09%	0.05%
Operating Expenses+	12.84M	14.65M	15.44M	14.02M	200.76M	37.26M	-29.27M	142.65M	77.08M	78.41M
OpEx % of Revenue	0.1%	0.08%	0.07%	0.05%	0.64%	0.1%	-0.08%	0.36%	0.17%	0.15%
Selling, General & Admin	5.7M	7.63M	13.75M	11.54M	26.07M	26.62M	14.86M	23.44M	22.95M	23.57M
SG&A % of Revenue	0.04%	0.04%	0.06%	0.04%	0.08%	0.07%	0.04%	0.06%	0.05%	0.05%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	7.14M	7.02M	-815K	-4.86M	174.69M	10.64M	-44.13M	119.21M	54.13M	54.84M
Operating Income+	-15.35M	34.73M	101.71M	74.85M	-63.84M	154.94M	196.57M	61.49M	108.83M	117.44M
Operating Margin %	-0.11%	0.19%	0.47%	0.28%	-0.2%	0.4%	0.51%	0.15%	0.24%	0.23%
Operating Income Growth %	0.34%	3.26%	1.93%	-0.26%	-1.85%	3.43%	0.27%	-0.69%	0.77%	0.08%
EBITDA+	-3.03M	47.29M	121.58M	105.26M	143.12M	179.95M	228.12M	94.97M	146.82M	151.51M
EBITDA Margin %	-0.02%	0.26%	0.56%	0.39%	0.46%	0.46%	0.6%	0.24%	0.33%	0.3%
EBITDA Growth %	0.59%	16.61%	1.57%	-0.13%	0.36%	0.26%	0.27%	-0.58%	0.55%	0.03%
D&A (Non-Cash Add-back)	12.32M	12.56M	19.87M	30.41M	206.96M	25.01M	31.55M	33.48M	38M	34.08M
EBIT	3.25M	28.37M	102.19M	25.94M	-64.73M	45.35M	244.43M	93.75M	87.22M	118.15M
Net Interest Income+	-8.61M	-28.33M	-30.97M	-26.69M	-10.59M	-22.83M	-17.02M	-21.53M	-16.32M	-20.43M
Interest Income	90.26K	317.14K	317K	832.27K	1.09M	1.57M	1.41M	6.76M	11.06M	6.89M
Interest Expense	8.71M	28.65M	31.29M	8.65M	11.68M	24.4M	18.43M	28.29M	27.38M	27.32M
Other Income/Expense	9.9M	-16.18M	-33.27M	-57.56M	-47.95M	-116.9M	35.13M	-3.76M	-50M	-38.11M
Pretax Income+	-5.46M	18.55M	68.44M	17.29M	-111.79M	38.05M	231.71M	57.73M	58.83M	79.33M
Pretax Margin %	-0.04%	0.1%	0.32%	0.06%	-0.36%	0.1%	0.61%	0.14%	0.13%	0.16%
Income Tax+	7.63M	14.84M	31.59M	20.67M	19.38M	65.62M	51.74M	62.59M	47.41M	56.04M
Effective Tax Rate %	2.39%	0.2%	0.54%	-0.2%	1.17%	-0.12%	0.8%	-0.08%	0.19%	0.31%
Net Income+	-13.02M	3.71M	36.85M	-3.38M	-131.16M	-4.65M	186.23M	-4.86M	11.42M	24.58M
Net Margin %	-0.1%	0.02%	0.17%	-0.01%	-0.42%	-0.01%	0.49%	-0.01%	0.03%	0.05%
Net Income Growth %	-2.93%	1.28%	8.93%	-1.09%	-37.82%	0.96%	41.02%	-1.03%	3.35%	1.15%
Net Income (Continuing)	-13.09M	3.71M	36.85M	-3.38M	-131.16M	-27.57M	179.97M	-4.86M	11.42M	23.29M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	42.52M	0	0	0	284.54M
EPS (Diluted)+	-8.24	0.23	0.61	-0.04	-1.61	-0.08	1.59	-0.04	0.08	0.14
EPS Growth %	-2.65%	1.03%	1.65%	-1.07%	-37.7%	0.95%	20.88%	-1.03%	2.93%	0.68%
EPS (Basic)	-8.24	0.30	1.81	-0.10	-2.65	-0.08	2.25	-0.04	0.08	0.14
Diluted Shares Outstanding	1.58M	96.04M	94.49M	81.31M	81.31M	60.7M	94.89M	108.16M	137.06M	158.69M
Basic Shares Outstanding	1.58M	15.82M	20.34M	34.67M	49.48M	58.16M	94.89M	121.45M	142.74M	157.73M
Dividend Payout Ratio	-	-	-	-	-	-	0.06%	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	20.13M	26.89M	36.89M	69.72M	136.91M	328.71M	381.97M	378.2M	289.1M	350.78M
Cash & Short-Term Investments	3M	2.78M	3.27M	35.65M	94.84M	122.51M	323.56M	299.46M	194.62M	252.53M
Cash Only	3M	2.78M	3.27M	35.65M	94.84M	122.51M	323.56M	299.46M	194.62M	252.53M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	7.91M	11.35M	14.41M	13.49M	15.32M	24.19M	29.57M	48.53M	3.5M	47.23M
Days Sales Outstanding	21.4	22.51	24.42	18.34	17.87	22.59	28.21	44.28	2.86	33.76
Inventory	7.8M	10.83M	12.93M	15.84M	24.31M	30.37M	22.41M	26.63M	38.86M	45.68M
Days Inventory Outstanding	28.1	32.84	32.2	32.17	50.39	55.79	37.99	49.64	54.19	52.97
Other Current Assets	77K	245K	4.27M	3.27M	2.44M	148.78M	4.48M	907K	47.47M	1.7M
Total Non-Current Assets+	358.22M	354.26M	413.1M	380.14M	222.51M	321.86M	616.42M	863.92M	1.06B	1.64B
Property, Plant & Equipment	350.69M	349M	404.58M	373.24M	207.49M	302.61M	455.78M	749.15M	938.63M	1.63B
Fixed Asset Turnover	0.38x	0.53x	0.53x	0.72x	1.51x	1.29x	0.84x	0.53x	0.48x	0.31x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	1.11M	2M	118K	5.37M	15.03M	10.43M	146.5M	113.53M	118.54M	12.8M
Other Non-Current Assets	1.12M	2M	8.41M	1.53M	0	8.82M	14.14M	1.25M	-6.93M	3.11M
Total Assets+	378.34M	381.15M	449.99M	449.85M	359.42M	650.57M	998.38M	1.24B	1.35B	1.99B
Asset Turnover	0.36x	0.48x	0.48x	0.60x	0.87x	0.60x	0.38x	0.32x	0.33x	0.26x
Asset Growth %	-0.18%	0.01%	0.18%	-0%	-0.2%	0.81%	0.53%	0.24%	0.09%	0.47%
Total Current Liabilities+	147.41M	38.2M	76.44M	65.3M	86.85M	178.39M	64.31M	180.22M	145.19M	134.52M
Accounts Payable	21.93M	12.93M	15.05M	16.25M	20.92M	34.53M	23.76M	47.28M	55.5M	69.7M
Days Payables Outstanding	78.97	39.23	37.49	33.01	43.37	63.42	40.28	88.13	77.39	80.82
Short-Term Debt	102.18M	1.23M	34.27M	19.5M	18.7M	12.36M	8.13M	80.21M	36.83M	22.13M
Deferred Revenue (Current)	1000K	0	0	0	0	0	0	1000K	0	1000K
Other Current Liabilities	-22.81M	-9.26M	-6.13M	-12.47M	17M	-25.44M	-14.91M	22.95M	-15.28M	15.19M
Current Ratio	0.14x	0.70x	0.48x	1.07x	1.58x	1.84x	5.94x	2.10x	1.99x	2.61x
Quick Ratio	0.08x	0.42x	0.31x	0.83x	1.30x	1.67x	5.59x	1.95x	1.72x	2.27x
Cash Conversion Cycle	-29.47	16.12	19.13	17.51	24.89	14.96	25.91	5.8	-20.34	5.91
Total Non-Current Liabilities+	77.33M	160.25M	149.19M	138.88M	154.93M	275.95M	455.54M	566M	583.02M	776.88M
Long-Term Debt	1.57M	85.02M	64.88M	54.56M	72.02M	127.85M	306.13M	349.73M	341M	494.1M
Capital Lease Obligations	0	0	357K	0	1.56M	2.98M	2.09M	3.71M	3.08M	2.69M
Deferred Tax Liabilities	50.27M	49.92M	59.5M	46.21M	18.75M	22.22M	8.48M	48.26M	60.36M	55.01M
Other Non-Current Liabilities	25.49M	25.31M	83.95M	38.12M	62.61M	122.89M	54.78M	21.25M	31.19M	31.05M
Total Liabilities	224.73M	198.46M	225.63M	204.18M	241.77M	454.34M	519.86M	746.23M	728.22M	911.4M
Total Debt+	103.75M	86.25M	99.15M	74.1M	92.27M	145.15M	318.07M	436.06M	382.93M	520.57M
Net Debt	100.75M	83.47M	95.88M	38.46M	-2.56M	22.64M	-5.49M	136.6M	188.3M	268.04M
Debt / Equity	0.68x	0.47x	0.44x	0.30x	0.78x	0.74x	0.66x	0.88x	0.61x	0.48x
Debt / EBITDA	-	1.82x	0.82x	0.70x	0.64x	0.81x	1.39x	4.59x	2.61x	3.44x
Net Debt / EBITDA	-	1.76x	0.79x	0.37x	-0.02x	0.13x	-0.02x	1.44x	1.28x	1.77x
Interest Coverage	-1.76x	1.21x	3.25x	8.65x	-5.47x	6.35x	10.66x	2.17x	3.97x	4.30x
Total Equity+	153.61M	182.69M	224.36M	245.68M	117.65M	196.23M	478.53M	495.89M	624.65M	1.08B
Equity Growth %	-0.29%	0.19%	0.23%	0.1%	-0.52%	0.67%	1.44%	0.04%	0.26%	0.73%
Book Value per Share	97.22	1.90	2.37	3.02	1.45	3.23	5.04	4.58	4.56	6.83
Total Shareholders' Equity	153.61M	182.69M	224.36M	245.68M	117.65M	153.71M	478.53M	495.89M	624.65M	798.57M
Common Stock	369.15M	381.89M	384.44M	434.83M	446.01M	472.22M	626.04M	715.03M	719.81M	935.92M
Retained Earnings	-293.9M	-290.19M	-260.87M	-264.25M	-395.42M	-383.17M	-212.39M	-226.86M	-215.44M	-190.74M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-88.27M	-78.43M	-76.66M	-101.71M	-109.05M	-115.84M	-122.7M	-183.14M	-61.47M	-160.45M
Minority Interest	0	0	0	0	0	42.52M	0	0	0	284.54M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	32.95M	33.27M	50.53M	79.74M	104.34M	136.38M	77.04M	76.95M	104.7M	96.03M
Operating CF Margin %	0.24%	0.18%	0.23%	0.3%	0.33%	0.35%	0.2%	0.19%	0.23%	0.19%
Operating CF Growth %	2.38%	0.01%	0.52%	0.58%	0.31%	0.31%	-0.44%	-0%	0.36%	-0.08%
Net Income	-13.09M	3.71M	36.85M	-3.38M	-131.16M	-27.57M	184.59M	622K	11.42M	23.4M
Depreciation & Amortization	12.32M	-2.64M	-43.93M	37.12M	32.37M	47.31M	31.71M	33.53M	36.51M	33.46M
Stock-Based Compensation	0	548K	634K	903K	2.16M	7.81M	0	1.42M	5.11M	0
Deferred Taxes	10.9M	17.07M	32.51M	20.67M	19.38M	65.62M	-3.67M	62.59M	-1.85M	2.34M
Other Non-Cash Items	32.95M	27.81M	-15.45M	24.17M	185.71M	46.28M	-121.2M	400K	61.57M	54.64M
Working Capital Changes	2.19M	-15.86M	-4.02M	261K	-4.11M	-3.07M	-14.38M	-21.6M	-8.06M	-17.82M
Change in Receivables	5.3M	-4.77M	-2.58M	-1.59M	-1.25M	-9.82M	-9.91M	-15.51M	7.28M	-7.05M
Change in Inventory	453K	-2.37M	-2.17M	-4.11M	-8M	-6.02M	-2.02M	-4.08M	-6.19M	-13.65M
Change in Payables	-2.88M	-8.23M	695.13K	5.3M	0	14.2M	-3.05M	-2.31M	-7.82M	2.33M
Cash from Investing+	-12.45M	-16.52M	-24.59M	-38.76M	-51.61M	-72.31M	-227.69M	-54.58M	-180.28M	-176.05M
Capital Expenditures	-12.65M	-16.71M	-24.97M	-35.6M	-42.66M	-62.8M	-69.86M	-115.01M	-115.8M	-172.74M
CapEx % of Revenue	0.09%	0.09%	0.12%	0.13%	0.14%	0.16%	0.18%	0.29%	0.26%	0.34%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	204K	194K	372K	-98K	5M	-2.28M	-1.9M	4.58M	-4.65M	-793.96K
Cash from Financing+	-18.08M	-17.17M	-25.45M	-7.5M	-4.04M	-23.61M	355.2M	-39.32M	-33.33M	140.72M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	-1.48M	-11.39M	-9.94M	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-16.32M	-13.3M	-19.13M	104K	-6.45M	-4.91M	127.79M	-21.39M	-25.97M	-2.33M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	20.3M	16.56M	25.56M	44.14M	61.67M	73.58M	7.17M	-38.05M	-9.02M	-76.71M
FCF Margin %	0.15%	0.09%	0.12%	0.16%	0.2%	0.19%	0.02%	-0.1%	-0.02%	-0.15%
FCF Growth %	1.95%	-0.18%	0.54%	0.73%	0.4%	0.19%	-0.9%	-6.31%	0.76%	-7.51%
FCF per Share	12.85	0.17	0.27	0.54	0.76	1.21	0.08	-0.35	-0.07	-0.48
FCF Conversion (FCF/Net Income)	-2.53x	8.97x	1.37x	-23.60x	-0.80x	-29.31x	0.41x	-15.84x	9.17x	3.91x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-7.03%	2.21%	18.1%	-1.44%	-72.2%	-2.96%	55.2%	-1%	2.04%	2.88%
Return on Invested Capital (ROIC)	-3.9%	10.01%	26.02%	18.58%	-23.99%	69.6%	42.62%	8.34%	11.29%	8.14%
Gross Margin	24.91%	34.62%	31.95%	33.1%	43.74%	49.17%	43.73%	51.04%	41.53%	38.36%
Net Margin	-9.65%	2.02%	17.11%	-1.26%	-41.9%	-1.19%	48.67%	-1.21%	2.55%	4.81%
Debt / Equity	0.68x	0.47x	0.44x	0.30x	0.78x	0.74x	0.66x	0.88x	0.61x	0.48x
Interest Coverage	-1.76x	1.21x	3.25x	8.65x	-5.47x	6.35x	10.66x	2.17x	3.97x	4.30x
FCF Conversion	-2.53x	8.97x	1.37x	-23.60x	-0.80x	-29.31x	0.41x	-15.84x	9.17x	3.91x
Revenue Growth	9.69%	36.4%	17%	24.68%	16.57%	24.89%	-2.13%	4.54%	11.93%	14.06%

Frequently Asked Questions

Valuation & Price

Aris Mining Corporation (ARMN) has a price-to-earnings (P/E) ratio of 130.3x. This suggests investors expect higher future growth.

Growth & Financials

Aris Mining Corporation (ARMN) reported $767.3M in revenue for fiscal year 2024. This represents a 457% increase from $137.7M in 2011.

Aris Mining Corporation (ARMN) grew revenue by 14.1% over the past year. This is steady growth.

Yes, Aris Mining Corporation (ARMN) is profitable, generating $48.7M in net income for fiscal year 2024 (4.8% net margin).

Dividend & Returns

Aris Mining Corporation (ARMN) has a return on equity (ROE) of 2.9%. This is below average, suggesting room for improvement.

Aris Mining Corporation (ARMN) generated $85.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.