Aris Mining's Q3 Gold Output Climbs: Segovia Sets Stage for Solid Q4
Aris Mining Aris Mining (US:ARMN) ZACKS·2026-01-21 19:16

Core Insights - Aris Mining Corporation (ARMN) reported a 36.6% year-over-year increase in gold production to 73,236 ounces for Q3 2025, with a 25% rise from the previous quarter, driven by Segovia Operations in Colombia [1][9] - The Segovia mine saw a 38% year-over-year production increase to 65,549 ounces, while the Marmato Upper Mine produced 7,687 ounces, marking a 26% increase from a year ago [2] - The growth in production is attributed to the commissioning of a second mill at the Segovia mine, which increased processing capacity and allowed for the processing of 219,550 tonnes of gold ore, a 31.6% increase year-over-year [3] Strategic Developments - In December 2025, ARMN completed the acquisition of the remaining 49% stake in the Soto Norte joint venture, becoming the sole owner of the project, which is recognized as one of the most attractive undeveloped gold assets in the Americas [4] - The company is well-positioned to achieve its production targets and strengthen its position in the Latin American gold mining industry as it progresses with expansion initiatives [5] Peer Comparison - B2Gold Corp. (BTG) reported consolidated gold production of 254,369 ounces for Q3, with expectations of 250,000 ounces in 2026 and 330,000 ounces in 2027 for its Goose mine [6] - Agnico Eagle Mines Limited (AEM) experienced a 0.4% year-over-year increase in gold production to 866,936 ounces, with stable production expectations of approximately 3.3-3.5 million ounces annually from 2025 to 2027 [7] Financial Performance - ARMN's shares have increased by 17.5% in the past month, outperforming the industry's growth of 8.1% [8] - The company is trading at a forward price-to-earnings ratio of 5.50X, significantly lower than the industry's average of 14.93X, and holds a Value Score of C [10] - The Zacks Consensus Estimate for ARMN's 2025 earnings has risen by 2.2% over the past 60 days [11]