ARIS MINING REPORTS Q1 2025 RESULTS WITH RECORD ADJUSTED EARNINGS PER SHARE, OPERATIONAL STRENGTH, AND PROGRESS ON GROWTH PROJECTS

Core Insights - Aris Mining Corporation reported strong financial and operational results for Q1 2025, driven by record gold prices and solid production performance, achieving adjusted earnings per share (EPS) of $0.16, the highest since its formation in September 2022 [1][7][8] Financial Performance - Gold production totaled 54,763 ounces, an 8% increase from 50,767 ounces in Q1 2024, contributing to 22% of the FY 2025 production guidance range of 230,000 to 275,000 ounces [8] - Gold revenue reached $154.1 million, a 47% increase over Q1 2024 and a 4% increase over Q4 2024 [7] - Adjusted EBITDA for Q1 was $66.6 million, up 134% from Q1 2024 and 20% from Q4 2024, with trailing 12-month adjusted EBITDA at $201.3 million [7][8] - Net earnings were $2.4 million, compared to a loss of $0.7 million in Q1 2024, while adjusted net earnings were $27.2 million or $0.16 per share, up from $0.04 per share in Q1 2024 [7][8] Operational Performance - At Segovia, gold production was 47,549 ounces with an average gold grade of 9.37 g/t and recoveries of 96.1% [6][8] - The all-in sustaining cost (AISC) margin increased to $60.9 million, a 114% increase over Q1 2024, while owner mining AISC was $1,482 per ounce [8][9] - The average realized gold price was $2,855 per ounce sold, compared to $2,062 in Q1 2024 [6][8] Growth and Expansion Initiatives - The company invested $43 million in growth initiatives during Q1 2025, with significant allocations to the Marmato Lower Mine and Segovia plant expansion [17] - The Segovia plant expansion is on track for commissioning in June 2025, targeting an increase to 3,000 tonnes per day [17] - The Marmato Lower Mine construction is progressing, with a planned increase in processing plant capacity from 4,000 to 5,000 tonnes per day [17] Capital Structure - As of March 31, 2025, Aris Mining had a cash balance of $240 million and net debt of $250 million, resulting in a net leverage ratio of 1.2x [7][13] - The company has received over $19.4 million from warrant exercises year-to-date, strengthening its balance sheet [11][12]