Aris Mining (NYSEAM:ARMN) Q3 2025 Earnings Call October 30, 2025 09:00 AM ET Speaker5Good morning everyone, apologies for the delay. Welcome to the Aris Mining third quarter 2025 results call. We will begin with an overview from management, followed by a question and answer period. To join the question queue, you may press star then one on your telephone keypad. As a reminder, all participants are in listen-only mode and the conference is being recorded. Should you need assistance during the conference call ...

Segovia Ramp-Up Driving Profitable Growth: Record Revenue, Cash Flow, and Adjusted Earnings Q3 2025 Earnings Results October 30, 2025 TSX: ARIS | NYSE-A: ARMN TSX: ARIS | NYSE-A: ARMN Disclaimer This presentation contains "forward-looking information" or "forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including without limitation, statements relating to expected gold production in 2025 and 2026, the ...

Core Insights - The production ramp-up at Segovia is driving record financial results for Aris Mining, with a cash balance of $418 million and significant growth in revenue, cash flow, and adjusted earnings [2][3][6] Financial Performance - Q3 2025 revenue reached $253.5 million, a 27% increase from Q2 2025 and a 93% increase from Q3 2024, attributed to higher gold prices and increased sales volumes [3][6] - Adjusted EBITDA for Q3 2025 was $131.1 million, up 33% from Q2 2025 and triple that of Q3 2024, with a trailing 12-month adjusted EBITDA of $352.0 million [3][6] - Adjusted net earnings were $71.8 million or $0.36 per share, an increase from $0.27 per share in Q2 2025 and $0.08 per share in Q3 2024 [3][6] - Cash balance increased to $417.9 million as of September 30, 2025, up from $310.2 million at June 30, 2025, primarily due to cash flow after sustaining capital and income taxes [3][6] Operational Performance - Total gold production in Q3 2025 was 73,236 ounces, a 25% increase from Q2 2025, with Segovia operations producing 65,549 ounces [7][8] - The average realized gold price was $3,494 per ounce sold, compared to $3,303 in Q2 2025 and $2,457 in Q3 2024 [5][7] - The all-in sustaining cost (AISC) margin increased to $121.5 million, up 39% from Q2 2025, with an AISC of $1,641 per ounce sold [7][8] Project Development Highlights - The Marmato Bulk Mining Zone construction is on schedule for first gold in the second half of 2026, with significant progress in development and construction activities [6][8] - The Soto Norte Prefeasibility Study completed in September 2025 shows robust economics with an after-tax NPV of $2.7 billion and an IRR of 35% [8][19] - The Toroparu Project's Preliminary Economic Assessment completed in October 2025 indicates an after-tax NPV of $1.8 billion and an IRR of 25.2% [8][19] Cash Flow and Capital Expenditures - Operations generated $90.8 million in cash flow after sustaining capital and income taxes in Q3 2025, fully funding growth initiatives [6][8] - Total expansion and growth capital expenditures in Q3 2025 were $48.1 million, with significant investments in the Marmato Bulk Mining Zone and Segovia Operations [6][8]

Accessibility StatementSkip Navigation PEA confirms long-life, low-cost open pit gold operation in Guyana with 25.2% IRR and $1.8 billion after-tax NPV5% at $3,000/oz gold VANCOUVER, BC, Oct. 28, 2025 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces positive results from the recently completed preliminary economic assessment (PEA) of its 100%-owned Toroparu Gold Project (Toroparu or the Project) in Guyana. The PEA confirms Toroparu as a large-scale, ...

Core Viewpoint - Aris Mining Corporation is set to release its Q3 2025 financial results on October 29, 2025, followed by a conference call on October 30, 2025, to discuss these results [1][2]. Company Overview - Aris Mining was founded in September 2022 with a focus on becoming a leading gold mining company in Latin America, emphasizing production, cash flow generation, and transformational growth through asset expansions and exploration [4]. - The company operates two underground gold mines in Colombia, the Segovia Operations and the Marmato Complex, which produced a total of 210,955 ounces of gold in 2024 [5]. - Aris Mining aims to increase its annual production rate to over 500,000 ounces of gold, supported by the commissioning of a second mill at Segovia and the construction of the Bulk Mining Zone at Marmato [5]. Growth Strategy - The company is pursuing partnerships with Colombia's small-scale mining sector to promote safe and environmentally responsible operations that benefit local communities [6]. - Aris Mining is also focused on acquisitions and other growth opportunities to enhance value through scale and diversification [7]. Project Developments - The Soto Norte joint venture, in which Aris Mining holds a 51% stake, has completed a Preliminary Feasibility Study (PFS) confirming its potential as a high-quality, long-life project with strong economics [5]. - In Guyana, the company is advancing the Toroparu gold/copper project, with a new Preliminary Economic Assessment (PEA) currently underway [5].

Core Insights - The article highlights the author's recent encounters with Aris Mining (NYSE: ARMN, ARIS.CA) and Aura Minerals (AUGO), suggesting a potential interest in these companies within the mining sector [1]. Company Analysis - Aris Mining is mentioned as a company of interest, indicating that it may present investment opportunities [1]. - Aura Minerals is also referenced, suggesting a comparative analysis or potential relationship with Aris Mining [1]. Industry Context - The author reflects on over 30 years of experience analyzing various industries, including mining, which provides a strong foundation for understanding market dynamics and investment opportunities [1]. - The article implies that the mining sector, like others, is influenced by macroeconomic factors and crises, which could affect investment strategies [1].

Core Insights - Aris Mining Corporation has completed the sale of its Juby Gold Project in Ontario, Canada, to McFarlane Lake Mining Limited for a total consideration of US$22 million, which includes US$13.2 million in cash and 82,023,746 common shares of McFarlane [1][2] Company Strategy - The sale aligns with Aris Mining's strategy to focus on high-growth gold operations and development projects in Colombia and Guyana [2] - The company aims to unlock value through scale and diversification, blending current production with transformational growth [3] Production and Operations - Aris Mining operates two underground gold mines in Colombia, the Segovia Operations and the Marmato Complex, which produced 210,955 ounces of gold in 2024 [4] - The company targets an annual production rate of over 500,000 ounces of gold, with expansions underway at both Segovia and Marmato [4] - Aris Mining also operates a 51% owned joint venture, Soto Norte, which has a completed PFS study confirming its robust economics [4] Future Projects - In Guyana, Aris Mining owns the Toroparu gold/copper project, where a new Preliminary Economic Assessment (PEA) is currently underway [4] - The company is actively pursuing partnerships with Colombia's small-scale mining sector to enable safe and environmentally responsible operations [5]

Core Points - Aris Mining Corporation has successfully brought all 23 workers to the surface following the La Reliquia Mine shaft collapse [1] Company Summary - The incident occurred at the La Reliquia Mine, and all workers who were underground at the time have been accounted for and safely evacuated [1]

Core Points - Aris Mining Corporation confirmed an incident at the La Reliquia Mine on September 22, 2025 [1] - The La Reliquia Mine is a third-party operation located within Aris Mining's Segovia title but outside of the company's infrastructure [1]

Company Overview - Aris Mining Corporation was founded in September 2022 with a focus on becoming a leading gold mining company in Latin America, emphasizing production, cash flow generation, and transformational growth through asset expansions and exploration projects [3] - The company operates two underground gold mines in Colombia: Segovia Operations and Marmato Complex, which produced a total of 210,955 ounces of gold in 2024 [4] Recent Developments - The successful commissioning of a second mill at Segovia Operations in June 2025 has increased processing capacity by 50%, from 2,000 tonnes per day (tpd) to 3,000 tpd [7] - Milling rates have significantly increased, averaging 2,415 tpd in July and August 2025, compared to 1,971 tpd in the first half of 2025 [7] - Year-to-date gold production at Segovia as of August 31, 2025, totals 141,893 ounces, with 42,817 ounces produced in July and August [7] Production Goals - Aris Mining is on track to meet its full-year 2025 production guidance of 230,000 to 275,000 ounces of gold [2] - The company aims for an annual production rate exceeding 500,000 ounces of gold following the ramp-up of the second mill and the construction of the Bulk Mining Zone at the Marmato Complex, expected to start production in H2 2026 [4] Strategic Initiatives - Aris Mining is actively pursuing partnerships with Colombia's small-scale mining sector to promote safe, legal, and environmentally responsible operations that benefit local communities [5] - The company operates a 51% owned joint venture at Soto Norte, which has completed a Preliminary Feasibility Study (PFS) confirming it as a high-quality, long-life project with strong economics [4]