A gold producer in the Americas, expanding for tomorrow.
Established in September 2022, Aris Mining has been founded with a vision to create a gold mining company which blends current production and cashflow generation with transformational growth from brownfield in progress expansions of our operating assets, exploration and development projects. Our Company is being led by an experienced team with a track record of value creation, operational excellence, financial discipline and good corporate governance in the gold mining industry.
Aris Mining operates two underground gold mines in Colombia with brownfield expansions underway in Colombia. The Segovia Operations and Marmato Upper Mine produced 226,000 ounces of gold in 2023. With ongoing expansion projects, Segovia and Marmato are targeting to produce approximately 500,000 ounces of gold per year in the second half of 2026, following a ramp-up period after the Segovia mill expansion scheduled for completion in Q1 2025 and the Marmato Lower Mine’s first gold pour in late 2025.
Aris Mining is also the majority owner and operator of the Soto Norte joint venture, where feasibility level studies are underway on a new, smaller scale development plan, and results are expected in early 2025. Aris Mining also operates the 51% owned Soto Norte joint venture, where studies are underway on a new, smaller scale development plan (relative to prior studies), with results expected in early 2025.
In Guyana, Aris Mining is advancing the Toroparu Project, a gold/copper project.
Colombia is rich in high-grade gold deposits and home to an emerging gold industry alongside an active artisanal small-scale mining sector, presenting a sizeable collaboration opportunity pursued by Aris Mining. We promote the formalization of artisanal and small-scale mining into contract mining partners as this process enables all miners to operate in a legal, safe and responsible manner that protects them and the environment.
Aris Mining intends to pursue acquisitions and other growth opportunities to unlock value through scale and diversification. Listed on the TSX under the symbol “ARIS” and the NYSE-A under the symbol “ARMN”.
Key Investment Highlights
Two mines with expansions underway
~215,000 oz
12 mount trailing consolidated production at Sept 30
$146 million in adjusted
EBITDA 1 12 month trailing
from current operations
growing
to
~500,000 oz/year
Target H2 2026E
production, following
expansions 2
$300+ million EBITDA
2026E Target 3
Two projects for long-term growth
Soto Norte Project
51% Joint-Venture interest in
8.5 Moz 4,5 of indicated mineral resources
and
Toroparu Project
Gold exploration and development project in western Guyana
Continued exploration success at Segovia
Full replacement of mineral reserves 4
2024 exploration campaign
and
39% increase in inferred
mineral resource
ounces 4
2024 exploration campaign
High-grade resource base
9.4 Moz at operating assets
Segovia: M&I resources of 3.4 Moz at 16.1 g/t 4
Marmato: M&I resources of 6.0 Moz at 3.0 g/t 4
and
9.7 Moz at development projects
PSN: attr. indicated resources
of 4.3 Moz at 5.5 g/t 4
Toroparu: M&I resources of
5.4 Moz at 1.5 g/t 4
Strong cash position
$122 million at June 30, 2024
Cash flow from operations
contributing to growth funding
Experienced team with track
record of success
Investment Highlights Notes:
- EBITDA is a non-GAAP measure, refer to the MD&A for the periods ended December 31, 2023 and June 30, 2024 for a reconciliation of adjusted EBITDA.
- Aris Mining is targeting a production rate of 500,000 ounces of gold per year in the second half of 2026, following a ramp-up period after the Segovia mill expansion scheduled for completion in Q1 2025 and the Marmato Lower Mine’s first gold pour in late 2025.
- Estimated consolidated EBITDA based on Marmato PFS and increased production following completion of Segovia plant expansion.
- For complete mineral resource and reserve and technical information refer to Mineral Reserves and Resources
- 100% basis.
