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ARIS MINING COMPLETES SALE OF JUBY GOLD PROJECT
Prnewswire· 2025-09-29 18:37
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]
ARIS MINING REPORTS SAFE RECOVERY OF ALL WORKERS AT SEGOVIA PARTNER MINE
Prnewswire· 2025-09-24 17:38
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]
ARIS MINING CONFIRMS INCIDENT AT AN EXTERNAL MINE PARTNER OPERATION AT SEGOVIA
Prnewswire· 2025-09-23 17:26
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]
ARIS MINING ANNOUNCES STEADY RAMP-UP AT SEGOVIA FOLLOWING SECOND MILL COMMISSIONING IN LATE JUNE
Prnewswire· 2025-09-05 11:30
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]
Aris Mining's Costs Climb: Can Margins Hold Up Amid Inflation?
ZACKS· 2025-08-28 13:46
Core Insights - Aris Mining Corporation (ARMN) reported an increase in its second-quarter all-in-sustaining costs (AISC) per ounce, indicating a decline in cost efficiency in mining operations [1][3] - The Segovia Operations in Colombia showed AISC of $1,681 per ounce, up from $1,570 per ounce in the previous quarter and $1,571 per ounce year-over-year, driven by higher sustaining capital expenditures [1][7] - Consolidated AISC rose approximately 6% year-over-year to around $1,787 per ounce [1][7] Cost Drivers - The year-over-year increase in ARMN's costs was attributed to higher costs in purchased mill feed from Contract Mining Partners (CMPs), increased royalty and social contributions costs, and rising mining costs [2][7] - Despite the cost increases, the AISC margin improved significantly, climbing 199% year-over-year due to higher realized gold prices and increased sales volumes [2][7] Industry Comparison - Among peers, B2Gold Corp. (BTG) reported a 22% year-over-year increase in consolidated AISC to $1,519 per ounce, influenced by lower sales ounces from its mines [4] - AngloGold Ashanti plc (AU) also experienced higher total operating costs, with AISC per ounce increasing by 7% [5] Stock Performance and Valuation - ARMN's shares surged 132.6% year-to-date, outperforming the Zacks Mining – Gold industry's rise of 82.3%, primarily due to a spike in gold prices [6] - The forward 12-month earnings multiple for ARMN is 5.75, representing a 59.3% discount to the industry average of 14.14X, with a Value Score of A [10]
Aris Mining's Q2 Gold Sales Surge: Will Volume Momentum Last?
ZACKS· 2025-08-20 12:31
Core Insights - Aris Mining Corporation (ARMN) experienced a significant increase in gold sales volumes, rising approximately 23% year-over-year to 61,024 ounces, marking the highest sales since Q4 2023 [1][6] - The increase in sales volumes led to a 75% year-over-year surge in gold revenues, reaching $200.2 million, and a remarkable 208% increase in earnings from mining operations [2][6] - The operational efficiency and improved output from key Colombian assets, particularly Segovia, were pivotal in driving these results [2][6] Sales Performance - Segovia, a key asset for Aris Mining, saw a 24% year-over-year increase in gold sales volumes [1][6] - In comparison, B2Gold Corp. (BTG) reported flat year-over-year gold sales, with consolidated sales of 210,384 ounces, indicating a lack of growth relative to ARMN [3] - AngloGold Ashanti plc (AU) also reported a 21% year-over-year increase in gold sales volumes, highlighting a competitive landscape [4] Future Outlook - The ramp-up of the expanded Segovia mill is expected to sustain sales momentum into the second half of the year, which is crucial for maintaining or accelerating sales volumes [2][6] - The Zacks Consensus Estimate for ARMN's earnings in 2025 and 2026 suggests substantial year-over-year growth of 264.7% and 73.8%, respectively, indicating positive market expectations [8] - ARMN's current valuation shows a forward 12-month earnings multiple of 3.71, significantly lower than the industry average of 13.43X, suggesting potential for price appreciation [9]
Here's Why Aris Mining Corporation (ARMN) Is a Great 'Buy the Bottom' Stock Now
ZACKS· 2025-08-13 14:55
Core Viewpoint - Aris Mining Corporation (ARMN) has experienced a 9.2% decline in share price over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging to counteract selling pressure [1][2]. Group 1: Technical Analysis - The hammer chart pattern indicates a possible bottoming out of the stock, with reduced selling pressure and a potential shift in control from bears to bulls [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that despite a downtrend, buying interest has emerged to push the stock price up towards the opening price [4][5]. - The effectiveness of the hammer pattern as a bullish indicator is enhanced when used alongside other bullish indicators, as its strength is dependent on its placement on the chart [6]. Group 2: Fundamental Analysis - Recent upward revisions in earnings estimates for ARMN, with a 6.3% increase in the consensus EPS estimate over the last 30 days, suggest that analysts expect better earnings than previously predicted [7][8]. - ARMN holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating strong potential for outperformance in the market [9][10]. - The Zacks Rank serves as a reliable timing indicator for investors, suggesting that ARMN's prospects are beginning to improve, further supporting the case for a trend reversal [10].
ARIS MINING COMMENTS ON RECENT SHARE PRICE VOLATILITY
Prnewswire· 2025-08-12 17:30
Core Viewpoint - Aris Mining Corporation is experiencing share price volatility due to Mubadala Investment Company's sale of its entire stake, comprising 15.75 million common shares, to institutional investors through a block trade [1][2][3] Company Overview - Aris Mining was founded in September 2022 with a focus on becoming a leading gold mining company in Latin America, aiming for value creation through production, cash flow generation, and growth via asset expansions and exploration [4] - The company operates two underground gold mines in Colombia, the Segovia Operations and the Marmato Complex, which produced 210,955 ounces of gold in 2024 [5] Recent Developments - The shares held by Mubadala became free trading in late June 2025, following a one-year hold period after the Soto Norte transaction, which has led to a more diversified shareholder base [3] - The completion of the block trade and the expiry of exchange-traded warrants have removed significant overhangs for the company [3] Future Plans - Aris Mining is advancing the Pre-Feasibility Study for the Soto Norte project, with results expected in September 2025 [3] - The company is targeting an annual production rate of over 500,000 ounces of gold, with expansions at Segovia and the Marmato Complex expected to ramp up production in H2 2025 and H2 2026, respectively [5] - A new Preliminary Economic Assessment (PEA) for the Toroparu gold/copper project in Guyana is also underway, with results anticipated in Q3 2025 [5] Strategic Partnerships - 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 [6]
Should You Buy Aris Mining Stock After a 70% Surge in 6 Months?
ZACKS· 2025-08-12 14:05
Core Viewpoint - Aris Mining Corporation (ARMN) has experienced a significant share price increase of 70.1% over the past six months, outperforming both the Zacks Mining – Gold industry and the S&P 500, driven by rising gold prices and strong operational performance [1]. Group 1: Price Performance and Market Position - ARMN's shares have outperformed peers such as B2Gold Corp. (BTG) and AngloGold Ashanti plc (AU), which gained 39% and 70.8% respectively during the same period [1]. - The stock has surpassed its 50-day simple moving average (SMA) and is trading above the 200-day SMA, indicating a bullish trend following a golden crossover [3]. Group 2: Production and Expansion - Aris Mining reported a 20% year-over-year increase in gold production, reaching 58,652 ounces in Q2 2025, with expectations to meet a full-year target of 230,000-275,000 ounces [8][10]. - The Segovia Operations in Colombia are central to ARMN's production growth, with a planned capacity increase of 50% to 3,000 tons per day, targeting 300,000 ounces output by 2026 [10][11]. Group 3: Financial Health and Valuation - ARMN has a strong balance sheet with a cash balance of approximately $310 million and generated $73.8 million in cash flow in Q2 2025, supporting its expansion initiatives [14]. - The stock is trading at a forward price/earnings ratio of 4X, which is about 70.3% lower than the industry average of 13.46X, making it an attractive investment opportunity [15]. Group 4: Earnings Estimates and Growth Prospects - Earnings estimates for ARMN have been revised upward, with projected year-over-year increases of 264.7% for 2025 and 73.8% for 2026 [18]. - The company is advancing key development projects, including the Segovia mill expansion, which are expected to enhance production and drive performance amid rising gold prices [19].
Aris Mining's Q2 Gold Output Climbs: Segovia Sets Stage for Solid 2H
ZACKS· 2025-08-11 12:31
Core Insights - Aris Mining Corporation (ARMN) reported a 20% year-over-year increase in gold production to 58,652 ounces for Q2 2025, with a 7% rise from the previous quarter, primarily driven by Segovia Operations in Colombia [1][8] - The Segovia Operations saw an 18% year-over-year production increase to 51,527 ounces, while the Marmato Upper Mine produced 7,125 ounces, marking a 29% increase from a year ago [2] - Production rates are expected to increase in the second half of 2025 due to the completion of the Segovia plant expansion, which will boost processing capacity by 50% to 3,000 tons per day [3] - Segovia is projected to produce between 210,000-250,000 ounces in 2025 and 300,000 ounces in 2026, positioning ARMN favorably in the Latin American gold mining sector [4] Industry Comparisons - B2Gold Corp. (BTG) reported a consolidated gold production of 229,454 ounces for Q2, up approximately 12% year-over-year, and remains on track for total production expectations of 970,000-1,075,000 ounces for 2025 [5] - AngloGold Ashanti plc (AU) experienced a 21% year-over-year increase in gold production to 804,000 ounces in Q2, with expectations of consolidated production between 2.900 million ounces and 3.225 million ounces for 2025 [6] Financial Performance - ARMN shares have surged 113.1% year-to-date, outperforming the Zacks Mining – Gold industry's rise of 72.5%, attributed to increasing gold prices [7][8] - The Zacks Consensus Estimate for ARMN's earnings implies a year-over-year rise of 264.7% for 2025 and 73.8% for 2026, with EPS estimates trending higher over the past 60 days [9] - ARMN is currently trading at a forward 12-month earnings multiple of 4.16, which is approximately 69.1% below the industry average of 13.45X, and holds a Value Score of A [10]