Aris Mining Corp
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 7, 2024
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Contents
EX-99.2 · Contractual Obligations and Commitments
Contractual Obligations and Commitments
Aris Mining’s contractual obligations and commitments (including any related interest) at December 31, 2023 were as follows:
| Less than 1 year | 1 to 3 years | 4 to 5 years | Over 5 years | Total | |
|---|---|---|---|---|---|
| Trade, tax and other payables | $75,633 | $— | $— | $— | $75,633 |
| Reclamation and closure costs | 2,235 | 2,046 | 6,255 | 22,958 | 33,494 |
| Lease payments | 2,369 | 2,266 | 498 | 908 | 6,041 |
| Gold Notes | 24,357 | 48,036 | 15,516 | — | 87,909 |
| Senior Notes | 20,625 | 333,115 | — | — | 353,740 |
| Convertible Debentures | 13,864 | — | — | — | 13,864 |
| Other purchase and contractual commitments1 | 1,500 | — | — | 55,400 | 56,900 |
| Total | $140,583 | $385,463 | $22,269 | $79,266 | $627,581 |
- Other purchase and contractual commitments include all contractual agreements to purchase goods or services that are enforceable and legally binding on the Company, including expenditures required to comply with current mining and exploration license requirements.
Aris Mining’s current silver and gold production from the Marmato Mine and future production from the Toroparu Project are subject to the terms of the respective WPMI streaming agreements (see the Significant Financings section for details on each of the agreements).
Liquidity risk
Associated with the contractual obligations and commitments summarized above, the Company manages its liquidity risk by continuously monitoring forecasted cash flow requirements, as well as any requirements that arise by virtue of the financial instruments held by the Company. The Company believes it has sufficient cash resources to pay its obligations associated with its financial liabilities as at December 31, 2023.
Contingencies
In the ordinary course of business, the Company is involved in and potentially subject to legal actions and proceedings. The Company records provisions for such claims when considered material and an outflow of resources is considered probable.
The Company is subject to tax audits from various tax authorities on an ongoing basis. As a result, from time to time, tax authorities may disagree with the positions and conclusions taken by the Company in its tax filings or legislation could be amended or interpretations of current legislation could change, and any of these events could lead to reassessments. The Company records provisions for such claims when it determines it is not probable that the taxation authority will accept its filing position. No such provisions have been recorded by the Company.
Management's Discussion and Analysis Three months and years ended December 31, 2023 and 2022
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