Aris Mining Reports Q4 and Full Year 2025 Results

Financial Performance - Aris Mining reported a cash balance of $392 million as of December 31, 2025, up from $253 million in 2024, reflecting strong operational cash flow and strategic investments [1][2] - The company generated $322 million in cash flow from operations after sustaining capital and income taxes in 2025, resulting in a net cash flow of $127 million after growth capital investments [1][2] - Total revenue for Q4 2025 was $308.6 million, with a net income of $51.1 million or $0.25 per share, compared to $20.5 million or $0.13 per share in Q4 2024 [3][4] Operational Performance - Gold production in 2025 reached 256,503 ounces, a 21% increase from 2024, with Segovia achieving production of 227,762 ounces [1][2] - The average realized gold price for Q4 2025 was $4,237 per ounce, significantly higher than $2,378 in Q4 2024 [1][2] - The all-in sustaining cost (AISC) for Segovia was $1,705 per ounce in 2025, up from $1,507 in 2024, while the AISC margin increased to $420.8 million, a 158% rise from the previous year [1][2] Project Development - The Marmato project is on track for first gold production from the new carbon-in-pulp (CIP) processing facility in Q4 2026, with expected production of 35,000 to 50,000 ounces in 2026 [2][3] - The Soto Norte Prefeasibility Study (PFS) was completed in September 2025, indicating robust economics with an after-tax NPV of $2.7 billion and an IRR of 35% at a gold price of $2,600 per ounce [2][3] - The Toroparu Preliminary Economic Assessment (PEA) completed in October 2025 showed an after-tax NPV of $1.8 billion and an IRR of 25% at a gold price of $3,000 per ounce [2][3] Future Guidance - For 2026, Aris Mining expects consolidated gold production to range between 300,000 and 350,000 ounces, with Segovia projected to produce 265,000 to 300,000 ounces [2][3] - The company anticipates cash costs for owner mining at Segovia to be between $1,150 and $1,250 per ounce, with AISC expected to be between $1,700 and $1,800 per ounce [2][3] - The construction of the Marmato CIP plant is progressing, with plans to reach a throughput capacity of 5,000 tonnes per day by the end of 2027 [2][3]