Aris Mining Corporation (AMEX:ARMN) Q4 2023 Earnings Call Transcript

But long term, yes, that’s definitely the objective is to grow the company to 1 million-ounce plus and we’re only in the sort of halfway stage or coming up towards the halfway stage now.

Operator: [Operator Instructions] The next question comes from Taylor Combaluzier with Red Cloud Securities.

Taylor Combaluzier: Congratulations on a good Q4. I was just wondering about the uptick in the G&A expense this quarter and what accounts for that and kind of what level do you expect going forward?

Neil Woodyer: Yes. I had that same question. Doug give me a very good answer. I can’t remember what it wasn’t a talk. Doug, over to you.

Douglas Bowlby: Yes. There was a bit of an uptick in Q4. I think the annual amount of $17 million is a good number to use for the year. We did add a few additions to our team in Q4. So that’s part of it. But overall, $17 million is probably a good number to look at for the future.

Taylor Combaluzier: Okay, perfect. Appreciate that. And then my second question, just wondering about kind of the timing for the next set of funds coming from the Wheaton stream for the more auto build?

Douglas Bowlby: Yes. If we spend the $150 million we expect in the year, then we would be on plan to have 2 instalments both to 25% and the 50% milestones occurring during 2024. So that would bring in $80 million. So if we are spending $150 million in 2024, $80 million would come in, so that — actually the net amount that Aris is investing is roughly $70 million. And then, the final instalment of $42 million would come in during 2025.

Operator: Since there are no more questions, this concludes the question-and-answer session. I would like to turn the conference back over to Mr. Woodyer for any closing remarks. Please go ahead.

Neil Woodyer: Thank you, operator and thank you, everybody, for joining us today. And if you need any more or on any more information, we would be only too pleased to supply it, either through Katrina Kura [ph], our VP Investor Relations, or give me a call and I will do my best to help you through any questions you may have. Very much appreciated. And thank you very much, everybody.

Operator: This concludes today’s conference call. You may disconnect your lines. Thank you for participating and have a pleasant day.