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 growth from brownfield expansions, 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 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 500,000 ounces of gold in 2026.
Aris Mining also operates the Proyecto Soto Norte joint venture, where environmental licensing is advancing to develop a new underground gold, silver and copper mine. 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 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 operating mines with expansions underway
~230,000 oz
2024E consolidated production1
$159 million in adjusted EBITDA
FY 2023 from current operations2
growing
to
500,000 oz
Targeted 2026E Production, following expansions3
$300+ million EBITDA
2026E Target4
High-grade resource base
9.6 Moz at operating assets
Segovia: M&I resource of
3.6 Moz at 14.3 g/t5
Marmato: M&I resource of
6.0 Moz at 3.0 g/t5
and
7.1 Moz at development projects
Soto Norte: attributable resources of
1.7 Moz at 5.5 g/t5
Toroparu: M&I resources of
5.4 Moz at 1.5 g/t5
Exploration success
+114% to 3.6 Moz at 14.3 g/t
M&I resource growth in 2023 at Segovia5
and
+75% to 1.3 Moz at 11.6 g/t
P&P reserve growth in 2023 at Segovia5
Two projects
for long-term growth
Soto Norte Project
20% Joint-Venture interest in indicated mineral resources
of 8.5 Moz5,6
and
Toroparu Project
Gold exploration and development
project in western Guyana
Underpinned by
Strong financial position
$195 million cash as of Dec 31, 2023
Cash flow from operations
contributing to growth funding
Experienced team with track
record of success
- See Appendix for 2024 guidance details
- EBITDA is a non-IFRS measure, refer to the MD&A for the period ended December 31, 2023 for a reconciliation of adjusted EBITDA.
- Estimated consolidated 2026 production based on Marmato PFS and increased production following completion of Segovia plant expansion.
- 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.