Aris Mining (US:ARMN) Prnewswireยท2025-09-05 11:30Company 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]