Aris Mining Corporation (ARMN) Q4 2024 Earnings Call Transcript


Aris Mining Corporation (NYSE:ARMN) Q4 2024 Earnings Conference Call March 13, 2025 4:30 PM ET

Company Participants

Neil Woodyer – Chief Executive Officer
Richard Thomas – Chief Operating Officer
Richard Orazietti – Chief Financial Officer
Oliver Dachsel – Senior Vice President, Capital Markets

Conference Call Participants

Carey MacRury – Canaccord Genuity

Operator

Good morning, everyone, and welcome to the Aris Mining Full Year 2024 Results Call. We will begin with an overview from management followed by a question and answer period. [Operator Instructions] As a reminder, all participants are in listen-only-mode and the conference is being recorded. [Operator Instructions] Please note that the accompanying presentation the management will refer to during today’s call can be found in the Events and Presentations section of Aris Mining’s website at arismining.com. Aris Mining has filed financial reports for the fourth quarter and full year 2024 on SEDAR+ and EDGAR. These reports can also be found on the Aris Mining website.

I would now like to turn the conference over to Mr. Neil Woodyer, Chief Executive Officer. Please go ahead.

Neil Woodyer

Thank you, operator, and welcome, everyone. Thank you for joining us for our full year ’24 earnings call. Today, I’m joined by members of the management team, including Richard Thomas, Richard Orazietti and Oliver Dachsel. We look forward to addressing your questions at the end of this call.

But before we dive into the results, please note the cautionary statements on Slide 2 as we will be making several forward-looking statements today. Starting on Slide 3, I’m pleased to report that Q4 was a strong quarter, delivering our highest production for the year of 57,364 ounces. We generated $22 million of net income and $67 million of EBITDA in the fourth quarter.

At Segovia, we reduced all-in sustaining costs to $1,485 and achieved an



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White House envoy Steve Witkoff has praised Vladimir Putin in glowing terms as trustworthy and said the Russian leader told him he had prayed for his “friend” US President Donald Trump when he was shot.

Witkoff met with Putin over multiple hours last week in Moscow and told US media the talks—which involved discussions about forging a path towards ending Russia’s war in Ukraine—were constructive and “solution-based.”

In an interview with right-wing podcast host Tucker Carlson, the envoy said he has come to regard Putin as not a “bad guy,” and that the Russian president was a “great” leader seeking to end Moscow’s deadly three-year conflict with Kyiv.

“I liked him. I thought he was straight up with me,” Witkoff said in the interview aired Friday.

“I don’t regard Putin as a bad guy. That is a complicated situation, that war, and all the ingredients that led up to it.”

He also described a “personal” element of the discussion in which Putin recalled his reaction to the assassination attempt on Trump in July 2024 as the Republican held a campaign rally in Butler, Pennsylvania.

Putin “told me a story… about how when the president was shot, he went to his local church and met with his priest and prayed for the president,” Witkoff said.

“Not because… he could become the president of the United States, but because he had a friendship with him and he was praying for his friend.”

Putin had commissioned a “beautiful portrait of President Trump from a leading Russian artist,” and asked the envoy to take it home to Trump, Witkoff added.

“It was such a gracious moment.”

Witkoff’s gushing praise of a president long seen by the United States as an autocratic adversary highlights the dramatic turn in Washington’s approach to dealings with the Kremlin since Trump took office for a second presidential term.

Witkoff also said Ukraine’s Volodymyr Zelensky was facing tough choices ahead and that the president should recognize it is time for him to “get a deal done” with Moscow.

Zelensky is “in a very, very difficult situation, but he’s up against a nuclear nation,” Witkoff said. “So he’s got to know that he’s going to get ground down. Now is the best time for him to get a deal done.”

Witkoff’s comments essentially were delivered on friendly ground. Carlson is a controversial former Fox News star who conducted what was widely considered to be a rare but soft interview with Putin last year.

Carlson has also been a leading propagator of pro-Kremlin narratives in the United States.

This story was originally featured on Fortune.com



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