Aris Mining Ramps Up Segovia Mill to Power Production Expansion in 2H

Core Insights - Aris Mining Corporation (ARMN) has commissioned a second processing mill at its Segovia Operations in Colombia, increasing processing capacity by 50% to 3,000 tons per day, positioning the company to meet its 2025 production target of 230,000-275,000 ounces [1][7] Production Performance - Segovia Operations experienced a 12% year-over-year increase in production, reaching 99,076 ounces in the first half of 2025, contributing to a total gold production of 113,415 ounces for ARMN, which is a 13% increase year-over-year [2][7] - The production for 2025 is expected to be weighted towards the second half, reflecting the ramp-up of the expanded Segovia mill [3] Industry Comparison - B2Gold Corp. (BTG) reported a consolidated gold production of 192,752 ounces for the first quarter of 2025, down approximately 10% year-over-year, while AngloGold Ashanti plc (AU) saw a 22% year-over-year increase in gold production to 720,000 ounces [4][5] Stock Performance and Valuation - ARMN's shares have surged 110.3% year-to-date, outperforming the Zacks Mining – Gold industry's rise of 57.3% [6][7] - The forward 12-month earnings multiple for ARMN is 4.2, which is about a 66.7% discount to the industry average of 12.63X, indicating strong valuation potential [10] Earnings Estimates - The Zacks Consensus Estimate for ARMN's earnings in 2025 and 2026 suggests a year-over-year increase of 264.7% and 73.8%, respectively, with EPS estimates trending higher over the past 60 days [9]