MUX has not been a favourite but the stock is doing very well with this year's sector rally. EPS of -5c beat estimates of -10c. Sales of $41.23M missed estimates of $54.83M. Production was 32,750 ounces, and guidance for the year was affirmed. Argentina's new political situation is favourable for investors, and MUX also recently announced a new potential discovery there. MUX is still expected to lose money into 2025, but despite the miss it is looking a bit better overall these days. We still don't like the negative cash flow and the small size of the company adds risks. ARIS is very cheap at 7X earnings. Adjusted EPS of 4c did miss estimates of 11c; revenue of $107.6M beat estimates by 1%. Its net loss did decline year over year. Revenue rose 11% with higher volume and pricing. Production was 50,768 ounces and 220,000+ are expected for the year. The stock took a hit on the miss but very strong earnings growth (more than double) is expected in 2025, and cash flow is high. We like it more than MUX certainly and is interesting at the current valuation.
5i Research Answer: