Core Viewpoint - Aris Mining Corporation (ARMN) is identified as a strong momentum stock with a Momentum Style Score of A and a Zacks Rank of 1 (Strong Buy), indicating potential for significant near-term gains [3][4][12]. Price Performance - ARMN shares have increased by 5.38% over the past week, while the Zacks Mining - Gold industry has risen by 5.92% during the same period [6]. - Over the past month, ARMN's price change is 16.67%, outperforming the industry's 14.3% [6]. - In the last quarter, ARMN shares have surged by 87.2%, and over the past year, they have skyrocketed by 377.19%, compared to the S&P 500's increases of 4.57% and 19.92%, respectively [7]. Trading Volume - The average 20-day trading volume for ARMN is 1,641,348 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, one earnings estimate for ARMN has been revised upward, while none have been lowered, resulting in an increase in the consensus estimate from $1.35 to $1.38 [10]. - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10].

Core Viewpoint - Aris Mining Corporation (ARMN) has received a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system tracks the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years, indicating a company's changing earnings picture [1][2]. - A strong correlation exists between changes in earnings estimates and near-term stock price movements, largely influenced by institutional investors who adjust their valuations based on these estimates [4][5]. Recent Performance and Projections - For the fiscal year ending December 2025, Aris Mining Corporation is expected to earn $1.38 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 113.8% over the past three months [8]. - The rating upgrade signifies an improvement in the company's underlying business, which is expected to positively influence its stock price [5][10]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions and potential for market-beating returns [9][10].

Core Insights - Three stocks with strong momentum and buy rankings are highlighted for investors: Centerra Gold Inc., Aris Mining Corporation, and Cameco Corporation Group 1: Centerra Gold Inc. (CGAU) - Centerra Gold is a metals mining company with a Zacks Rank 1 and a 7.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - The company's shares have gained 26.4% over the last three months, while the S&P 500 has declined by 5.4% [1] - Centerra Gold has a Momentum Score of B [1] Group 2: Aris Mining Corporation (ARMN) - Aris Mining is a gold mining company with a Zacks Rank 1 and a 2.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - The company's shares have gained 64.1% over the past three months, compared to the S&P 500's decline of 5.4% [2] - Aris Mining also possesses a Momentum Score of B [2] Group 3: Cameco Corporation (CCJ) - Cameco is a uranium mining company with a Zacks Rank 1 and a 2.7% increase in the Zacks Consensus Estimate for its next year earnings over the last 60 days [3] - The company's shares have gained 21.8% over the last three months, while the S&P 500 has declined by 5.4% [3] - Cameco has a Momentum Score of A [3]

Core Viewpoint - Aris Mining Corporation (ARMN) has demonstrated significant stock performance, with a 140.4% increase over the past six months, outperforming both the Zacks sub-industry and the S&P 500 [2][4]. Group 1: Stock Performance - ARMN shares are trading near their 52-week high of $17.50, closing at $17.33, just 1% below this peak [2]. - The stock has outperformed industry peers such as B2Gold Corp. (BTG) and Eldorado Gold Corporation (EGO), which saw gains of 34.9% and 95.6%, respectively, during the same period [3]. Group 2: Production and Operations - The company produced 73,236 ounces of gold in Q3 2025, marking a 25% increase from the previous quarter and a 36.6% increase year-over-year, contributing to a total of 186,651 ounces for the first nine months of 2025 [9]. - The growth in gold production is primarily attributed to the Segovia mine, which benefited from the commissioning of a second mill, increasing processing capacity [10]. - The Marmato operation is also a key growth driver, with ongoing development in the Bulk Mining Zone expected to enhance output significantly by the second half of 2026 [12]. Group 3: Financial Position - ARMN holds a strong cash position of $417.9 million, which supports its investment in expansion projects [13]. - The company reported an increase in all-in-sustaining costs (AISC) per ounce to $1,641, up from $1,540 year-over-year, due to rising operational costs [14]. Group 4: Valuation - ARMN is trading at a forward price-to-earnings ratio of 7.25X, which is lower than the industry average of 14.66X, indicating a potentially undervalued stock compared to peers [18]. Group 5: Future Outlook - Despite the company's strong liquidity and growth projects, near-term challenges such as escalating operating costs and higher AISC may limit its immediate prospects [20].

Core Insights - Aris Mining Corporation (ARMN) is facing rising costs, with its all-in-sustaining costs (AISC) per ounce increasing to $1,641 in Q3 2025, up from $1,540 a year ago, marking a 6.6% year-over-year rise [1][8] Cost Factors - Key factors contributing to ARMN's high costs include increased volumes of purchased mill feed from Contract Mining Partners, higher royalty and social contribution expenses due to elevated gold prices and stronger sales volumes, and increased mining costs from greater throughput and the ramp-up of operations following the commissioning of the second mill at Segovia [2][8] Profitability and Margins - Despite rising costs, ARMN's profitability remains strong, with its AISC margin increasing by 36% sequentially and 42% year over year, driven by higher realized gold prices and increased sales volumes [3][8] Strategic Positioning - The increase in costs is attributed to strategic and growth-focused investments, with ARMN well-positioned to maintain healthy margins and advance its long-term growth plans, supported by higher gold prices and disciplined cost control [4] Peer Comparison - Among peers, Newmont Corp. reported an AISC of $1,566 per ounce, down 2.8% year over year, while Agnico Eagle Mines had an AISC of $1,373 per ounce, increasing 7% year over year [5][6] Stock Performance - Aris Mining's shares have increased by 55.2% over the past three months, outperforming the industry growth of 17.5% [7] Valuation Metrics - ARMN is trading at a forward price-to-earnings ratio of 7.57X, significantly lower than the industry's average of 14.66X, indicating potential undervaluation [10] Earnings Estimates - The Zacks Consensus Estimate for ARMN's earnings has remained stable for 2025, with current estimates at $1.35 per share [12][13]

Core Insights - Aris Mining Corporation (NYSE:ARMN) is recognized as one of the 20 Best Performing Stocks in 2025 [1] Group 1: Acquisition and Control - Aris Mining Corporation successfully acquired the remaining 49% stake in the Soto Norte joint venture in Colombia from MDC Industry Holding Company LLC (Mubadala), gaining full control of the project [2] - Following the acquisition, Mubadala no longer holds any related precious metals stream, allowing Aris Mining to manage the Soto Norte Project entirely [2] Group 2: Strategic Focus - The CEO, Neil Woodyer, indicated that the company is focusing on building a substantial gold business across Colombia and Guyana, leveraging its complete ownership of Segovia, Marmato, Toroparu, and Soto Norte [3] - The strategy emphasizes significant cash flow production from existing mines while pursuing growth through developments, research, and project development [3] Group 3: Growth and Performance - Since its establishment in 2022, Aris Mining has transitioned from a buy-and-build strategy to enhancing its owned assets, aiming to produce over one million ounces of gold annually from its existing asset base [4] - Analyst Don DeMarco from National Bank raised the price target for Aris Mining Corporation from C$22.50 to C$23, maintaining an Outperform rating for the stock [4] Group 4: Operations Overview - Aris Mining Corporation engages in the acquisition, exploration, development, and operation of gold properties in Colombia, Guyana, and Canada [5]

Core Insights - Aris Mining Corporation (ARMN) is advancing key development projects that are expected to support future production growth, with a significant increase in gold production in Q3 2025 [1][7] Group 1: Production and Operations - In Q3 2025, ARMN produced 73,236 ounces of gold, marking a 36.6% year-over-year increase, primarily driven by improved performance at the Segovia mine following the commissioning of its second mill [1][7] - The Segovia mine processed 219,550 tons of gold in Q3, up 31.6% year-over-year, enhancing its processing capacity and output [1] - The Marmato mine is positioned as a key catalyst for long-term growth, with steady production and development of the bulk mining zone expected to yield first gold exploration in the second half of 2026 [2] Group 2: Market Position and Valuation - Aris Mining's shares have increased by 336.8% over the past year, significantly outperforming the industry's growth of 139.6% [6] - The company is currently trading at a forward price-to-earnings ratio of 7.19X, compared to the industry's average of 13.47X, indicating a potentially undervalued position [9] Group 3: Peer Comparison - Among peers, Barrick Mining Corporation is focusing on high-return investments, although operational issues may lead to lower gold production in 2025 [4] - B2Gold Corp. is benefiting from maximizing profitable mine production, with expectations of increased output at the Fekola mine in 2025 [5]

Group 1 - Aris Mining Corp. experienced a significant share price increase of 363.71% in full-year 2025, driven by its expansion program and a surge in gold prices to record highs [1][2] - The rally in share prices peaked in late November 2025, coinciding with the Federal Reserve's decision to cut benchmark rates by 25 basis points, which increased demand for precious metals [1][2] - The company announced it is on track to achieve an annual gold production of 1 million ounces following the full acquisition of Soto Norte, enhancing its focus on building a diversified gold business in Colombia and Guyana [2]

Core Insights - Aris Mining Corporation (ARMN) is focused on enhancing its growth pipeline through strategic investments, including the acquisition of a 49% stake in the Soto Norte joint venture, making it the sole owner of the project, which is recognized as a top undeveloped gold asset in the Americas [1][8] Acquisition and Project Development - The acquisition aligns with Aris Mining's strategy to build a diversified gold business in Guyana and Colombia [2] - A preliminary economic assessment (PEA) for the fully-owned Toroparu Project in Guyana indicates its potential as a long-lasting, low-cost mine with over 6.5 million ounces of gold resources [2][8] Financial Position - Aris Mining reported a strong cash balance of $417.9 million at the end of Q3 2025, which supports ongoing investment in expansion projects [3][8] - The company has generated healthy cash flow during the same period, positioning it well for future growth [3] Market Performance - Aris Mining's shares have increased by 17.2% over the past month, outperforming the industry growth of 3.5% [6] - The company is trading at a forward price-to-earnings ratio of 6.96X, significantly lower than the industry's average of 13.19X, indicating potential undervaluation [9] Earnings Estimates - The Zacks Consensus Estimate for Aris Mining's earnings has risen by 32.4% over the past 60 days, reflecting positive market sentiment [10] - Current earnings estimates for the current year stand at $1.35 per share, with projections of $2.36 for the next year [11]

Core Insights - Aris Mining Corporation (ARMN) and Eldorado Gold Corporation (EGO) are key players in the Zacks Mining - Gold industry, both based in Vancouver, Canada, focusing on gold extraction and operational growth through exploration and strategic partnerships [1][2]. Aris Mining (ARMN) - ARMN is enhancing its position in Latin America with increased production and mine expansions, achieving gold output of 73,236 ounces in Q3 2025, a 25% sequential increase and a 36.6% year-over-year rise, keeping it on track for a full-year guidance of 230,000-275,000 ounces [3][22]. - The Segovia mine is crucial for ARMN's growth, with a second mill boosting processing capacity, while the Marmato operation is expected to diversify production with first gold exploration anticipated in H2 2026 [4][22]. - ARMN holds a 51% interest in the Soto Norte Project in Colombia, recognized as a top undeveloped gold asset, and the Toroparu Project in Guyana, which has over 6.5 million ounces of gold resources [5][22]. - Financially, ARMN is strong with a cash balance of $417.9 million at the end of Q3, allowing for continued investment in expansion projects [6][22]. - However, ARMN faces cost pressures, with all-in-sustaining costs (AISC) rising 6.6% year-over-year to approximately $1,641 per ounce due to increased mill feed costs and higher royalties [7]. Eldorado Gold (EGO) - EGO is optimizing mine output while advancing development projects, operating four mines in Turkiye, Canada, and Greece, with a strong growth pipeline including the Skouries project [8][10]. - The Skouries project is expected to be a significant growth driver, with first production anticipated by mid-2026, projected to deliver 135,000-155,000 ounces of gold and 45-60 million pounds of copper in 2026 [9][10]. - EGO is enhancing productivity at its existing operations, including upgrades at Kisladag and the Lamaque Complex, and expanding Olympias from 500 ktpa to 650 ktpa [11][12]. - EGO's AISC rose sharply to $2,421 per ounce in Q3 2025, up from $1,513 per ounce year-over-year, prompting an upward revision of full-year AISC guidance to $1,600-$1,675 per ounce due to cost inflation [13]. Financial Performance and Valuation - The Zacks Consensus Estimate for ARMN's 2025 earnings per share (EPS) indicates a growth of 297.1%, with estimates trending upward over the past 60 days [14]. - In contrast, EGO's 2025 EPS implies a year-over-year growth of 8.3%, but estimates have declined over the past 60 days [15]. - Over the past six months, ARMN's shares surged 138.2%, while EGO's stock gained 75.3% [16]. - ARMN is trading at a forward price-to-earnings ratio of 7.37X, above its median of 4.54X, while EGO's forward earnings multiple is at 8.35X, lower than its median of 10.61X [17]. Conclusion - ARMN is well-positioned for long-term growth with a strong project pipeline and financial strength, while EGO faces near-term challenges with elevated costs impacting margins [22][23]. - Given current conditions, ARMN is viewed as a more favorable investment compared to EGO, with ARMN holding a Zacks Rank 1 (Strong Buy) and EGO a Zacks Rank 3 (Hold) [23].