Why Invest in Aris Mining
A gold producer in the Americas, expanding for tomorrow.
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.
Capital structure
Share Capital Structure as of October 11, 2024:
| Current | |
|---|---|
| Issued and outstanding shares 1 | 170.8M |
| Share price – as of October 18, 2024 | C$6.64/US$4.82 |
| Market capitalization (issued share basis) | C$1,134M / US$823M |
| Cash balance (as of June 30, 2024) | US$122M |
| Shares issuable on exercise of options & warrants | 37.4M |
| Potential proceeds, exercise of options & warrants | C$200M / US$147M |
| Fully diluted shares | 208M |
Exchange-traded Debt
Exchange-traded Warrants
Other Share Purchase Warrants
| Outstanding | Effective Exercise Price | Proceeds Assuming Full Exercise | Expiry | |
|---|---|---|---|---|
| Unlisted Warrants – tranche 1 | 1.6M 5 | C$6.00 5 | C$9.4M / US$6.9M | Dec 19, 2024 |
Capital Structure Notes:
- 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.
- Principal amounts outstanding as of June 30, 2024.
- 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.
- Each share purchase warrant is converted to Aris Mining share purchase warrants at a ratio of 0.6948:1.
- Two Aris Mining Holdings Corp. warrants can be exercised to acquire one Aris Mining common share for an aggregate exercise price of C$6.00 per Aris Mining common share.
Stock Information
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