Financial PositionAris successfully priced senior notes providing additional financial flexibility and received a milestone payment, enhancing its financial position.
Production GrowthThe Marmato expansion has been upsized 25% to 5,000tpd from 4,000tpd, which could potentially boost annual average production to over 200koz from 162koz per the 2022 pre-feasibility study.
ValuationAris is trading at 0.14x NAV vs. junior producer peers at 0.60x, indicating an inexpensive valuation.