Investors

Key Investment Considerations

Capital structure

Share Capital Structure as of April 14, 2025:

Current
Issued and outstanding shares 1175.6M
Share price – as of April 14, 2025C$7.49/US$5.42
Market capitalization (issued share basis)C$1,315M / US$952M
Cash balance (as of December 31, 2024)US$253M
Shares issuable on exercise of options & warrants33.2M
Potential proceeds, exercise of options & warrantsC$178M / US$128M
Fully diluted shares208.8M

Exchange-traded Debt

ISIN IDPrincipal (US$M) 2MaturityIndenture
Senior Unsecured 8.000%, B1 / B+ / B+ by Moody’s, S&P and FitchUSC04492AA97
US04040YAB56
450.0Oct 31, 2029link
Gold-Linked Secured 7.5% Notes (listed, Cboe Canada exchange)CA04041BAA6740Aug 26, 2027link

Exchange-traded Warrants

OutstandingEffective Exercise PriceProceeds Assuming
Full Exercise
ExpiryIndenture
ARIS.WT.A 57.7M 3C$5.50 3C$159M / US$111MJul 29, 2025link

Capital Structure Notes:

  1. Does not include the additional 6,000,000 contingent shares issuable to Mubadala on receipt of the environmental license to develop PSN – refer to news release dated June 28, 2024 for details.
  2. Principal amounts outstanding as of March 31, 2025.
  3. Two Aris Mining Holdings Corp. warrants can be exercised to acquire one Aris Mining common share for an aggregate exercise price of C$5.50 per Aris Mining common share. The acceleration terms were removed pursuant to the terms of the Third Supplemental Warrant Indenture made as of the 26th day of September, 2022 and in connection with Aris Gold Corporation’s merger with GCM Mining Corp. on the same date.