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].

Core Insights - Investors are encouraged to adopt an active stock selection strategy as 2026 approaches, focusing on breakout stocks within specific price ranges [1] Group 1: Identified Breakout Stocks - Aris Mining Corporation (ARMN), Alto Ingredients, Inc. (ALTO), and Mama's Creations, Inc. (MAMA) are highlighted as breakout stocks for 2026, with significant year-to-date gains of 394%, 94%, and 70% respectively [2] - Mama's Creations is projected to achieve an earnings growth rate of 84.6% next year, contributing to its selection as a breakout stock [9] - Aris Mining has an expected earnings growth rate of 74.8% for the upcoming year, while Alto Ingredients is projected to have a remarkable earnings growth rate of 260% [10][11] Group 2: Breakout Stock Selection Criteria - The selection of breakout stocks involves calculating support and resistance levels, where support is the lower price limit and resistance is the upper price limit for stock movements [3][4] - A genuine breakout occurs when the previous resistance level becomes the new support level, validated by long-term price trend analysis [6] - Screening criteria include a percentage price change over four weeks between 10% and 20%, a current price at least 90% of the 52-week high, a Zacks Rank of 1 (Strong Buy), a beta of 2 or less, and a current price of $20 or less [7][8]

Core Insights - Aris Mining Corporation (ARMN) reported a significant increase in gold production in Q3 2025, producing 73,236 ounces, which is a 36.6% year-over-year increase and a 25% increase from the previous quarter [1][8] - The growth in production is primarily attributed to the Segovia mine, which saw a 38% year-over-year increase in output to 65,549 ounces [2][8] - The Marmato upper mine also contributed with a production of 7,687 ounces, reflecting a 25.7% increase from the same quarter last year [2] Production and Expansion - The commissioning of a second mill at the Segovia mine has enhanced its gold processing capacity, driving production growth [1] - The development of the Bulk Mining Zone at the Marmato upper mine is progressing, with first gold exploration anticipated in the second half of 2026 [1] - Aris Mining holds a 51% stake in the Soto Norte Project, which has been confirmed as a high-potential undeveloped gold asset in the Americas [3] - A preliminary economic assessment (PEA) for the fully owned Toroparu Project in Guyana indicates its potential to become a long-lasting and low-cost mine [3] Future Production Outlook - The company is projected to produce between 230,000 and 275,000 ounces of gold in 2025, positioning itself well for growth in Latin America's gold mining sector [4] Peer Comparison - B2Gold Corp. (BTG) reported a consolidated gold production of 254,369 ounces in Q3 2025, a 40.9% year-over-year increase, and is on track to meet its production expectations for 2025 [5] - Barrick Mining Corp. (B) experienced a 12% year-over-year decline in consolidated gold production to 829,000 ounces in Q3 2025, with a forecast of 3.15-3.5 million ounces for 2025 [6] Stock Performance and Valuation - Aris Mining's shares have surged 138.5% over the past six months, outperforming the industry growth of 70.6% [7] - The company is trading at a forward price-to-earnings ratio of 7.54X, significantly lower than the industry's average of 14.03X [10] - The Zacks Consensus Estimate for Aris Mining's earnings has remained stable over the past 30 days, with a Zacks Rank of 1 (Strong Buy) [11]

Core Viewpoint - Aris Mining (ARMN) is recognized for its growth and valuation as a junior gold miner, particularly in comparison to Aura Minerals (AUGO) [1] Company Analysis - Aris Mining has shown impressive growth metrics that attract attention in the investment community [1] - The analysis emphasizes the importance of financial statements in understanding the company's potential and valuation [1] Investment Perspective - The author has established a beneficial long position in ARMN and AUGO, indicating confidence in their future performance [2] - The analysis aims to provide a fundamental view and streamlined research similar to institutional standards, focusing on long-term potential [1]

Core Insights - Aris Mining Corporation (ARMN) currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance in the market [3][4][12] Momentum Style Score Components - ARMN shares have increased by 11.02% over the past week, outperforming the Zacks Mining - Gold industry, which rose by 3.86% during the same period [6] - Over the past month, ARMN's price change is 32.39%, significantly higher than the industry's 13.1% performance [6] - In the last quarter, ARMN shares have surged by 64.44%, and over the past year, they have gained 308.71%, while the S&P 500 has only moved 3.47% and 13.15%, respectively [7] Trading Volume - The average 20-day trading volume for ARMN is 1,638,275 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for ARMN has increased, raising the consensus estimate from $1.02 to $1.35 for the full year, with no downward revisions [10] - For the next fiscal year, one estimate has also moved upwards, indicating positive sentiment regarding future earnings [10]

Core Insights - Aris Mining Corporation (ARMN) is facing significant cost pressures, with an all-in-sustaining cost (AISC) per ounce of $1,641 in Q3 2025, up from $1,540 in the same quarter last year, marking a 6.6% year-over-year increase [1][8] Cost Analysis - The rise in costs is attributed to higher volumes of purchased mill feed from Contract Mining Partners, increased royalty and social contribution expenses due to higher gold prices, and greater mining costs from increased throughput and the ramp-up of operations at Segovia [2][8] - The Segovia Operations, a key asset for ARMN, reported AISC of $1,641 per ounce, reflecting the impact of higher sustaining capital expenditures [1][8] Profitability and Margins - Despite rising costs, ARMN's profitability remains strong, with AISC margin improving by 36% sequentially and 42% year-over-year in Q3, driven by higher realized gold prices and increased sales volumes [3][4] - The company is well-positioned to maintain healthy margins and execute its long-term growth strategy, supported by rising gold prices and disciplined cost management [4] Peer Comparison - Among peers, Agnico Eagle Mines Limited reported AISC of $1,373 per ounce, a 7% increase year-over-year, while Newmont Corp. reported AISC of $1,566 per ounce, down 2.8% year-over-year, but expects an increase in 2025 [5][6] Stock Performance and Valuation - Aris Mining's shares have increased by 65.3% over the past three months, outperforming the industry growth of 22.3% [7] - The company is trading at a forward price-to-earnings ratio of 7.30X, significantly lower than the industry average of 13.56X, indicating potential undervaluation [10] Earnings Estimates - The Zacks Consensus Estimate for Aris Mining's earnings has risen by 32.5% for 2025 over the past 60 days, reflecting positive market sentiment [12]

Core Viewpoint - Aris Mining Corporation has completed the acquisition of the remaining 49% interest in the Soto Norte joint venture, resulting in 100% ownership of the Soto Norte Project and the termination of the associated precious metals stream previously granted to Mubadala [1][2]. Company Overview - Aris Mining was founded in September 2022 with a vision to become a leading gold mining company focused on South America, combining current production with growth through expansions and development 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]. Strategic Focus - The company aims to build a diversified gold business across Colombia and Guyana, focusing on strong cash flow generation from operating mines while pursuing growth through expansions and exploration [2]. - Aris Mining is targeting an annual production rate of over 500,000 ounces of gold, driven by the commissioning of a second mill at Segovia and the construction of the Bulk Mining Zone at the Marmato Complex, with first gold expected in H2 2026 [4]. Project Development - In Guyana, Aris Mining owns the Toroparu gold project, where a new Preliminary Economic Assessment has been completed, and a Prefeasibility Study is currently in progress [5]. - The Soto Norte gold project has completed a Prefeasibility Study confirming it as a high-grade, long-life project with strong economics, and environmental studies are being finalized for licensing submission in the first half of 2026 [6].

Core Viewpoint - Aris Mining Corporation (ARMN) has demonstrated significant stock performance, with a 123.3% increase over the past six months, outperforming both the industry and the S&P 500 [1][2]. Stock Performance - ARMN shares closed at $14.72, nearing a 52-week high of $14.83 and significantly above a 52-week low of $3.29, indicating strong upward momentum [3]. - The stock is trading above its 50-day and 200-day moving averages, reflecting confidence in the company's long-term prospects [3]. Production and Growth - In Q3 2025, ARMN produced 73,236 ounces of gold, a 25% increase from the previous quarter and a 36.6% year-over-year increase, positioning the company to meet its full-year production guidance of 230,000-275,000 ounces [9]. - The Segovia mine's second mill has significantly boosted production capacity, processing 219,550 tonnes of gold ore in Q3, up 31.6% year-over-year [10]. - The Marmato operation is expected to be a long-term growth driver, with first gold exploration in the Bulk Mining Zone anticipated in the second half of 2026 [11]. Future Projects - ARMN holds a 51% interest in the Soto Norte Project, which has been reaffirmed as a highly attractive undeveloped gold asset in the Americas [12]. - The Toroparu Project in Guyana has over 6.5 million ounces of gold resources and is projected to be a low-cost, long-lasting mine [12]. Financial Health - The company reported a cash balance of $417.9 million at the end of Q3, up from $310.2 million in Q2, and generated $90.8 million in cash flow after sustaining capital and taxes [13]. - ARMN's growing cash position supports ongoing investments in its projects, including Segovia and Marmato [13]. Cost Pressures - ARMN reported an increase in all-in-sustaining costs (AISC) per ounce to $1,641, up from $1,540 year-over-year, primarily due to higher sustaining capital expenditures [14]. - The increase in costs was attributed to higher volumes of purchased mill feed and increased royalty and social contribution expenses [15]. Valuation - ARMN is trading at a trailing price-to-earnings ratio of 6.71X, significantly lower than the industry average of 13.11X and compared to peers Newmont and Agnico Eagle Mines at 13.27X and 17.81X, respectively [20]. Conclusion - The advancements in Segovia and Marmato operations, along with a solid cash position and healthy cash flows, suggest that ARMN is well-positioned for long-term growth despite facing near-term challenges [21].

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Core Insights - Aris Mining Corporation (ARMN) is enhancing its position in the gold mining sector through improved operational performance and growth prospects driven by expansion initiatives [1][3] Group 1: Operational Performance - In Q3 2025, ARMN's total gold production reached 73,236 ounces, marking a 36.6% year-over-year increase [1][7] - The Segovia mine's performance improved significantly due to the commissioning of its second mill, which increased processing capacity and output [1][7] - Segovia processed 219,550 tonnes of gold in Q3, reflecting a 31.6% increase year-over-year [1][7] Group 2: Long-term Growth Prospects - The Marmato operation is identified as a long-term growth catalyst, with steady production from the upper mine and ongoing development of the Bulk mining zone [2][3] - First gold exploration in the Bulk mining zone is anticipated in the second half of 2026, which is expected to diversify ARMN's production base [2] Group 3: Market Position and Valuation - ARMN's shares have surged 278% over the past year, outperforming the industry growth of 117.4% [6] - The company is currently trading at a forward price-to-earnings ratio of 6.64X, significantly lower than the industry's average of 13.44X [9]