ARIS MINING REPORTS RECORD Q4 2024 FINANCIAL RESULTS WITH STRONG EBITDA GROWTH AND ANNOUNCES 25% CAPACITY EXPANSION AT MARMATO

Core Insights - Aris Mining Corporation reported strong financial and operational results for Q4 2024, achieving its highest gold production of the year at 57,364 ounces and a significant increase in adjusted EBITDA to $55.6 million, reflecting operational efficiency and cost control measures [3][4][8]. Financial Performance - Q4 2024 gold production reached 57,364 ounces, up from 53,608 ounces in Q3 2024, contributing to a total of 210,955 ounces for the year [3][4]. - Adjusted EBITDA for Q4 2024 was $55.6 million, compared to $43.0 million in Q3 2024, while full-year adjusted EBITDA totaled $163.1 million [3][4][8]. - The company reported net earnings of $24.6 million or $0.16 per share for the full year, with adjusted earnings of $55.9 million or $0.35 per share [3][4][8]. Cost Metrics - The All-in Sustaining Cost (AISC) per ounce sold decreased to $1,485 in Q4 2024 from $1,540 in Q3 2024, resulting in an AISC margin of $58.3 million, a 32% increase from the previous quarter [3][4][9]. - The average realized gold price increased by 8% to $2,642 per ounce sold in Q4 2024 compared to Q3 2024 [7][9]. Operational Highlights - Segovia's processing facility expansion is on track for commissioning in Q2 2025, with an expected ramp-up to 3,000 tonnes per day (tpd) capacity by the end of 2025 [4][13]. - The Marmato Lower Mine expansion is being upgraded to a 5,000 tpd capacity, with construction costs estimated at $290 million, and production ramp-up expected to start in H2 2026 [5][12][13]. Production Guidance - For 2025, Aris Mining anticipates consolidated gold production between 230,000 and 275,000 ounces, with Segovia expected to produce between 210,000 and 250,000 ounces [14][19]. - The company aims for an annual production rate exceeding 500,000 ounces of gold following the ramp-up of Segovia and Marmato expansions [23][24]. Strategic Initiatives - Aris Mining is exploring partnerships with Colombia's small-scale mining sector to enhance production and operational efficiency [24]. - The company is also focused on diversifying its asset portfolio, including the Soto Norte joint venture and the Toroparu gold/copper project in Guyana [23][24].