Aris Mining Corporation (ARIS)

Neil Woodyer, Chair and CEO of Aris Mining | Rule Symposium ...
·Jun 4, 2026



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Aris Mining Reports Results of 2026 Annual General MeetingMay 7, 2026 4:30 PM
Business Wire Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS; NYSE: ARIS) reports voting results from its Annual General Meeting of Shareholders (the Meeting) held earlier today. AGM Voting Results Shareholders holding 86,832,318 shares, being 42.09% of the outstanding shares of the Company, were represented in-person or by proxy at the Meeting. The voting results from the Meeting are as follows: Election of Directors The following directors were elected to the Company’s Board: Nominee   Votes For   % For   Votes Withheld   % Withheld Neil Woodyer   84,971,643   97.86   1,860,675   2.14 David Garofalo   74,716,087   86.05   12,116,231   13.95 Germán Arce   86,598,397   99.73   233,921   0.27 Brigitte Baptiste   86,547,063   99.67   285,255   0.33 Daniela Cambone   85,558,749   98.53   1,273,569   1.47 Mónica de Greiff   84,933,285   97.81   1,899,033   2.19 Gonzalo Hernández   83,834,736   96.55   2,997,582   3.45 Attie Roux   78,742,682   90.68   8,089,636   9.32 Appointment of Auditor KPMG LLP was appointed as the auditor of the Company for the 2026 fiscal year, with their remuneration to be set by the Board.     Votes For   % For   Votes Withheld   % Withheld KPMG LLP   85,646,362   98.63   1,185,956   1.37 RSU Plan Resolution The Company’s amended and restated restricted share unit plan, together with all unallocated share units, rights or other entitlements pertaining to such plan, were approved.     Votes For   % For   Votes Against   % Against RSU Plan Resolution   77,526,386   89.28   9,305,931   10.72 PSU Plan Resolution The Company’s amended and restated performance share unit plan, together with all unallocated share units, rights or other entitlements pertaining to such plan, were approved.     Votes For   % For   Votes Against   % Against PSU Plan Resolution   85,287,161   98.22   1,545,156   1.78 Stock Option Plan Resolution The Company’s amended and restated incentive stock option plan, together with all unallocated options, rights or other entitlements pertaining to such stock option plan, were approved.     Votes For   % For   Votes Against   % Against Stock Option Plan Resolution   60,156,754   69.28   26,675,562   30.72 Say-on-Pay Advisory Vote The Company’s non-binding shareholder advisory vote on executive compensation, also known as “Say-on-Pay”, was approved.     Votes For   % For   Votes Against   % Against Say-on-Pay   75,629,873   87.10   11,202,445   12.90 About Aris Mining Aris Mining is a Canadian gold mining company focused on South America. The Company operates the Segovia and Marmato underground gold mines in Colombia, which together produced approximately 257,000 ounces of gold in 2025. Aris Mining is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol ARIS. The Company is advancing expansion projects at Segovia and Marmato that are expected to increase annual gold production to approximately 500,000 ounces1, driven by the ramp-up at Segovia following the installation of the second mill, which was completed in June 2025, and construction of the new Marmato bulk mine and CIP plant, with first gold expected in Q4 2026. Aris Mining’s portfolio supports a longer-term objective of approximately 1 million ounces of annual gold production2. Key projects include the high-grade Soto Norte gold project in Colombia, where environmental studies are being finalized for submission in Q2 2026 to initiate the licensing process, and the Toroparu gold project in Guyana, where a Prefeasibility Study is in progress and a construction decision is expected in early 2027. Additional information on Aris Mining can be found at www.aris-mining.com, www.sedarplus.ca, and on www.sec.gov. Forward-Looking Information This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to the timing for completion and first gold pour at the Marmato Bulk Mining Zone, the expected benefit from the Segovia expansion, the timeline for environmental studies for the Soto Norte Project, the timeline for a Prefeasibility Study and construction decision for the Toroparu Project, the objective of reaching 1 million ounces of production, are forward-looking. Generally, the forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved”. The material factors or assumptions used to develop forward-looking information or statements are disclosed throughout this news release. Forward-looking information and forward-looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Mining to be materially different from those expressed or implied by such forward-looking information or forward-looking statements, including but not limited to those factors discussed in the section entitled "Risk Factors" in Aris Mining's annual information form dated March 11, 2026 which is available on SEDAR+ at www.sedarplus.ca and included as part of the Company’s Annual report on Form 40-F, filed with the SEC at www.sec.gov. Although Aris Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company has and continues to disclose in its Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aris Mining disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information. _________________________ 1 Reflects expected steady-state annual gold production run-rates of approximately 300 koz at Segovia and 200 koz at Marmato following completion and ramp-up of the respective expansion projects. For more information, please refer to the Company’s news releases dated June 30, 2025 regarding the Segovia expansion and March 12, 2025 regarding the Marmato expansion. 2 Includes potential production estimates from Toroparu, which is based on a preliminary economic assessment effective October 21, 2025, which contemplates a 7.0 Mtpa operation over a 21.3-year mine life with average annual gold production of approximately 235 koz at a base case gold price of US$3,000/oz. The preliminary economic assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There can be no assurance that the projected production will be achieved. In the case of Soto Norte and Toroparu, such production also remains subject to obtaining all necessary permits and to formal construction decisions by the Company.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260507439400/en/ Aris Mining Contact
Oliver Dachsel
Senior Vice President, Capital Markets
+1.917.847.0063 Lillian Chow
Director, Investor Relations & Communications
info@aris-mining.com Original: Aris Mining Reports Results of 2026 Annual General Meeting

Aris Mining Announces Breakthrough Milestone at Marmato Underground DevelopmentApril 17, 2026 11:50 AM
Business Wire
Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS; NYSE: ARIS) announces a significant construction milestone at its Marmato gold mine with the underground development cross-cut now connecting the new surface decline to the existing underground development.


This breakthrough marks an important step in the Marmato expansion project, establishing continuous underground access from surface, where the new 5,000 tonne per day CIP plant is under construction, to the existing workings. The connection supports the next phases of mine development, infrastructure installation and operational readiness for the Marmato bulk mine which is on schedule for first gold in Q4 2026.


Neil Woodyer, Chair and CEO, commented: “The on-schedule connection of the new surface decline to the existing underground development is a major milestone for Marmato and an important step in delivering our expansion plans. As development continues to advance, Marmato, together with Segovia, remains on track to deliver approximately 500,000 ounces of gold production per year following expansion and ramp-up.”


Marmato is one of Aris Mining’s key growth projects and is expected to become a larger-scale, modern underground mining operation. This cross-cut breakthrough reflects continued progress in developing the access and infrastructure required to support expanded operations.


Aris Mining will continue to provide updates on construction and development progress at Marmato as additional milestones are achieved.


About Aris Mining


Aris Mining is a Canadian gold mining company focused on South America. The Company operates the Segovia and Marmato underground gold mines in Colombia, which together produced approximately 257,000 ounces of gold in 2025. Aris Mining is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol ARIS.


The Company is advancing expansion projects at Segovia and Marmato that are expected to increase annual gold production to approximately 500,000 ounces, driven by the ramp-up at Segovia following the installation of the second mill, which was completed in June 2025, and construction of the new Marmato bulk mine and CIP plant, with first gold expected in Q4 2026.


Aris Mining’s portfolio supports a longer-term objective of approximately 1 million ounces of annual gold production1. Key projects include the high-grade Soto Norte gold project in Colombia, where environmental studies are being finalized for submission in Q2 2026 to initiate the licensing process, and the Toroparu gold project in Guyana, where a Prefeasibility Study is in progress and a construction decision is expected in early 2027.


Additional information on Aris Mining can be found at www.aris-mining.com, www.sedarplus.ca, and on www.sec.gov.


Cautionary Language


Qualified Person


Pamela De Mark, P.Geo., Senior Vice President Geology and Exploration of Aris Mining, is a Qualified Person as defined by National Instrument 43-101 (NI 43-101), and has reviewed and approved the technical information contained in this news release.


Forward-Looking Information


This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to timing for completion and first gold pour at the Marmato Bulk Mining Zone, the expected benefit from the Segovia expansion, the timeline for environmental studies for the Soto Norte Project, the timeline for a Prefeasibility Study and construction decision for the Toroparu Project, the objective of reaching one 1 million ounces of production and potential production, are forward-looking. Generally, the forward-looking information and forward looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved”. The material factors or assumptions used to develop forward looking information or statements are disclosed throughout this news release.


Forward looking information and forward looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Mining to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to those factors discussed in the section entitled "Risk Factors" in Aris Mining's annual information form dated March 11, 2026 which is available on SEDAR+ at www.sedarplus.ca and included as part of the Company’s Annual report on Form 40-F, filed with the SEC at www.sec.gov.


Although Aris Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company has and continues to disclose in its Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aris Mining disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.


1 Includes potential production estimates from Toroparu, which is based on a preliminary economic assessment and is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There can be no assurance that the projected production will be achieved. Such production also remains subject to obtaining all necessary permits for both Soto Norte and Toroparu.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260417623233/en/
Aris Mining Contact


Oliver Dachsel

Senior Vice President, Capital Markets

+1.917.847.0063


Lillian Chow

Director, Investor Relations & Communications

info@aris-mining.com


Original: Aris Mining Announces Breakthrough Milestone at Marmato Underground Development

Aris Mining Announces Revisions to Equity Compensation Plan Ahead of Annual General MeetingApril 16, 2026 2:30 PM
Business Wire
Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS; NYSE: ARIS) announced today that, based on further review of its proposed equity compensation plans, it has decided to revise those plans ahead of the Company’s upcoming annual general meeting of shareholders to be held on May 7, 2026 (the AGM). The Company determined that the initially proposed share reserves were greater than required and has reduced the proposed share reserve caps for each of the security-based equity compensation plans. For context, the Company’s 2026 long-term incentive awards granted in January 2026, including stock options, restricted share units and performance share units, represented approximately 0.35% of the Company’s issued shares, underscoring that the initially proposed reserves were higher than necessary.


Under the revised approach, the Board of Aris Mining has approved the following changes:



the amended and restated stock option plan (Stock Option Plan) has been updated to reduce its rolling reserve for stock options from 10% (as previously described in the Management Information Circular dated March 24, 2026 (the Circular) to 3% and to clarify the amendment provisions of the plan; and



the amended and restated performance share unit plan (PSU Plan) and the amended and restated restricted share unit plan (RSU Plan) have been updated to reduce their combined rolling reserve from 5% to 3%.



As a result of these amendments, the total number of common shares that may be issued under the Company’s equity compensation plans, when aggregated, has been reduced from 10% to 6% of the outstanding shares from time to time.


The updated versions of the Stock Option Plan, PSU Plan and RSU Plan are available on SEDAR+ and in the Company’s filings with the U.S. Securities and Exchange Commission. These versions replace the corresponding plans included in the Circular (Schedules E, D, and C, respectively). Shareholders will be asked to approve the updated plans at the AGM (or any adjournment or postponement thereof). All references in the Stock Option Plan Resolution, PSU Plan Resolution and RSU Resolution to the Stock Option Plan, PSU Plan and RSU Plan in the Circular (as each of those terms are defined in the Circular), respectively, will be to the amended and restated versions of those plans filed on SEDAR+ and with the U.S. Securities and Exchange Commission on April 16, 2026.


The Company’s Board of Directors recommends Shareholders vote FOR each of the Stock Option Plan Resolution, PSU Plan Resolution and RSU Plan Resolution. Unless you give other instructions, the management proxyholders intend to vote FOR the Stock Option Plan Resolution, PSU Plan Resolution and RSU Plan Resolution.


The Toronto Stock Exchange has conditionally approved each of the updated Stock Option Plan, PSU Plan and RSU Plan.


About Aris Mining


Aris Mining is a Canadian gold mining company focused on South America. The Company operates the Segovia and Marmato underground gold mines in Colombia, which together produced approximately 257,000 ounces of gold in 2025. Aris Mining is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol ARIS.


The Company is advancing expansion projects at Segovia and Marmato that are expected to increase annual gold production to approximately 500,000 ounces, driven by the ramp-up at Segovia following the installation of the second mill, which was completed in June 2025, and construction of the new Marmato bulk mine and CIP plant, with first gold expected in Q4 2026.


Aris Mining’s portfolio supports a longer-term objective of approximately 1 million ounces of annual gold production1. Key projects include the high-grade Soto Norte gold project in Colombia, where environmental studies are being finalized for submission in Q2 2026 to initiate the licensing process, and the Toroparu gold project in Guyana, where a Prefeasibility Study is in progress and a construction decision is expected in early 2027.


Additional information on Aris Mining can be found at www.aris-mining.com, www.sedarplus.ca, and on www.sec.gov.


Cautionary Language


Qualified Person


Pamela De Mark, P.Geo., Senior Vice President Geology and Exploration of Aris Mining, is a Qualified Person as defined by National Instrument 43-101 (NI 43-101), and has reviewed and approved the technical information contained in this news release.


Forward-Looking Information


This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to the amendment and restatement of the Company’s Option Plan, RSU Plan and PSU Plan, including any proposed shareholder approval thereof or grant of securities thereunder, and the Company’s long term incentive program, timing for completion and first gold pour at the Marmato Bulk Mining Zone, the expected benefit from the Segovia expansion, the timeline for environmental studies for the Soto Norte Project, the timeline for a Prefeasibility Study and construction decision for the Toroparu Project, the objective of reaching 1 million ounces of production, are forward-looking. Generally, the forward-looking information and forward looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved”. The material factors or assumptions used to develop forward looking information or statements are disclosed throughout this news release.


Forward looking information and forward looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Mining to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to those factors discussed in the section entitled "Risk Factors" in Aris Mining's annual information form dated March 11, 2026 which is available on SEDAR+ at www.sedarplus.ca and included as part of the Company’s Annual report on Form 40-F, filed with the SEC at www.sec.gov.


Although Aris Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company has and continues to disclose in its Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aris Mining disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.


1 Includes potential production estimates from Toroparu, which is based on a preliminary economic assessment and is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There can be no assurance that the projected production will be achieved. Such production also remains subject to obtaining all necessary permits for both Soto Norte and Toroparu.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260416978852/en/
Aris Mining Contact


Oliver Dachsel

Senior Vice President, Capital Markets

+1.917.847.0063


Lillian Chow

Director, Investor Relations & Communications

info@aris-mining.com


Original: Aris Mining Announces Revisions to Equity Compensation Plan Ahead of Annual General Meeting

Aris Mining Reports Q1 2026 Production and Strong Revenue GrowthApril 7, 2026 7:30 AM
Business Wire
Gold revenue expected to exceed $360 million


Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS; NYSE: ARIS) reports gold production of 74.3 thousand ounces (koz) for the first three months of 2026 (Q1 2026). All amounts are in U.S. dollars unless otherwise indicated.


Q1 2026 Highlights1:



Q1 consolidated gold production of 74.3 koz, a 6% increase over Q4 2025.



Q1 gold sales of 74.8 koz at an average realized price of more than $4,860 per oz, resulting in gold revenue of more than $360 million, up 20% from Q4 2025.



Cash balance of over $470 million at March 31, 2026, an increase of approximately $80 million compared to December 31, 2025.



Neil Woodyer, Chair and CEO, commented “Our strong start to 2026 reflects both solid operating performance and a supportive gold price environment. We expect Q1 2026 gold revenue to exceed $360 million, a significant increase from $154 million in Q1 2025 and $301 million in Q4 2025, driven by higher gold prices and increased ounces sold. Looking ahead, we expect production growth in 2026 to be weighted toward the second half of the year, with first gold from the Marmato CIP plant on track for Q4 and a continued steady ramp-up at Segovia.”


The Company expects to report full Q1 2026 financial and operating results on or about May 6, 2026.


Table 1: Consolidated Group








Gold production & sales






Q1 2026






Q4 2025






Q1 2025












Segovia (koz)






66.6






63.1






47.5












Marmato (koz)






7.8






6.7






7.2












Total production (koz)






74.3






69.9






54.8












Total sales (koz)






74.8






71.7






54.3







Table 2: Segovia – Quarterly Production Data








Operating Information






Q1 2026






Q4 2025






Q1 2025












Tonnes processed (kt)






175






201






167












Average gold grade processed (g/t)






12.41






10.10






9.37












Recoveries (%)






95.3%






96.1%






96.1%












Gold produced (koz)






66.6






63.1






47.5












Gold sold (koz)






67.7






64.5






47.4







Table 3: Marmato– Quarterly Production Data








Operating Information






Q1 2026






Q4 2025






Q1 2025












Tonnes processed (kt)






77






75






74












Average gold grade processed (g/t)






3.53






3.12






3.32












Recoveries (%)






89.6%






90.8%






91.7%












Gold produced (koz)






7.8






6.7






7.2












Gold sold (koz)






7.1






7.3






6.9







About Aris Mining


Aris Mining is a Canadian gold mining company focused on South America. The Company operates the Segovia and Marmato underground gold mines in Colombia, which together produced approximately 257,000 ounces of gold in 2025. Aris Mining is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol ARIS.


The Company is advancing expansion projects at Segovia and Marmato that are expected to increase annual gold production to approximately 500,000 ounces, driven by the ramp-up at Segovia following the installation of the second mill, which was completed in June 2025, and construction of the new Marmato bulk mine and CIP plant, with first gold expected in Q4 2026.


Aris Mining’s portfolio supports a longer-term objective of approximately 1 million ounces of annual gold production2. Key projects include the high-grade Soto Norte gold project in Colombia, where environmental studies are being finalized for submission in Q2 2026 to initiate the licensing process, and the Toroparu gold project in Guyana, where a Prefeasibility Study is in progress and a construction decision is expected in early 2027.


Additional information on Aris Mining can be found at www.aris-mining.com, www.sedarplus.ca, and on www.sec.gov.


Cautionary Language


Qualified Person


Pamela De Mark, P.Geo., Senior Vice President Geology and Exploration of Aris Mining, is a Qualified Person as defined by National Instrument 43-101 (NI 43-101), and has reviewed and approved the technical information contained in this news release.


Forward-Looking Information


This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to the Company’s Q1 2026 revenue and gold production, updates and timing for completion and first gold pour at the Marmato Bulk Mining Zone, the expected benefit from the Segovia expansion, the timeline for environmental studies for the Soto Norte Project, the timeline for a Prefeasibility Study and construction decision for the Toroparu Project, the objective of reaching 1 million ounces of production, are forward-looking. Generally, the forward-looking information and forward looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved”. The material factors or assumptions used to develop forward looking information or statements are disclosed throughout this news release.


Forward looking information and forward looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Mining to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to those factors discussed in the section entitled "Risk Factors" in Aris Mining's annual information form dated March 11, 2026 which is available on SEDAR+ at www.sedarplus.ca and included as part of the Company’s Annual report on Form 40-F, filed with the SEC at www.sec.gov.


Although Aris Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company has and continues to disclose in its Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aris Mining disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.


This news release contains information that may constitute future-orientated financial information or financial outlook information (collectively, “FOFI”) about the Company’s prospective financial performance, financial position or cash flows, all of which are subject to the same assumptions, risk factors, limitations and qualifications as set forth above. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise or inaccurate and, as such, undue reliance should not be placed on FOFI. The Company’s actual results, performance and achievements could differ materially from those expressed in, or implied by, FOFI. The Company has included FOFI in order to provide readers with a more complete perspective on the Company’s future operations and management’s current expectations relating to the Company’s future performance. Readers are cautioned that such information may not be appropriate for other purposes. FOFI contained herein was made as of the date hereof. Unless required by applicable laws, the Company does not undertake any obligation to publicly update or revise any FOFI statements, whether as a result of new information, future events or otherwise.



____________________________________



1 The Q1 2026 results contained in this news release are preliminary and may differ from the final results to be included in the Company’s interim financial statements and MD&A for the period ended March 31, 2026, which the Company expects to release in May 2026. In addition, due to rounding, certain numbers presented in this news release may not sum precisely.








2 Includes potential production estimates from Toroparu, which is based on a preliminary economic assessment and is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There can be no assurance that the projected production will be achieved. Such production also remains subject to obtaining all necessary permits for both Soto Norte and Toroparu.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260407562449/en/
Aris Mining

Oliver Dachsel

Senior Vice President, Capital Markets

+1.917.847.0063


Lillian Chow

Director, Investor Relations & Communications

info@aris-mining.com


Original: Aris Mining Reports Q1 2026 Production and Strong Revenue Growth

Aris Mining Reports Q4 and Full Year 2025 ResultsMarch 11, 2026 5:00 PM
Business Wire
2025 production above guidance mid-point, 2026 production expected to rise to 300,000–350,000 ounces


Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS; NYSE: ARIS) announces its financial and operating results for the three and twelve months ended December 31, 2025 (Q4 2025 and FY2025). All amounts are in U.S. dollars unless otherwise indicated.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260311981066/en/Figure 1: Strong AISC Margin Growth ($ million) – Segovia
2025 Financial Performance



2025 production of 256,503 ounces (oz) of gold, exceeding the guidance midpoint (230,000-275,000 oz), and a 22% increase from 210,955 oz in 2024.



2025 gold revenue of $909 million, up 82% from 2024.



Adjusted EBITDA1 of $464 million, up 185% from 2024.



Adjusted net earnings of $241 million or $1.28/share, up 265% from $0.35/share in 2024.



Cash balance increased to $392 million as of December 31, 2025, up from $253 million at December 31, 2024. This increase primarily reflects:


+$322 million of cash flow from operations after sustaining capital and income taxes;



+$115 million of proceeds from the exercise of ARIS.WT.A warrants (July 2025 expiry); and



+$13 million of proceeds from the sale of the Juby Gold Project; partially offset by



-$77 million of debt repayment and servicing;



-$60 million cash used for the Q4 2025 acquisition of the remaining 49% interest in Soto Norte; and



-$196 million invested in growth capital.






Net debt reduced to $86 million, down from $241 million at year-end 2024.



Neil Woodyer, Chair and CEO, commented “During 2025, our operations generated $322 million of cash flow after sustaining capital and income taxes, fully funding our growth and expansion initiatives. After these investments, we generated $127 million in net cash flow, demonstrating the strong underlying cash generation of the business.


At Segovia, the ramp-up of the second mill is progressing well and contributed to record financial results during the year. At Marmato, development in the Bulk Mining Zone is ahead of schedule, materially reducing execution risk as we advance construction of the new carbon-in-pulp (CIP) processing facility, which remains on schedule for first gold in Q4 2026.


We also advanced our longer-term growth, completing the Soto Norte Prefeasibility Study (PFS) and the Toroparu Preliminary Economic Assessment (PEA) in September and October 2025, respectively. We remain on track to submit the environmental license application for Soto Norte in Q2 2026, while advancing Toroparu toward completion of its Prefeasibility Study in the second half of 2026 and a potential construction decision in early 2027.


With record revenue, operating cash flow and earnings since Aris Mining’s formation in September 2022, we enter 2026 in a strong financial position and well placed to continue executing our growth strategy.”




 






Q4 2025






Q3 2025






FY2025






FY2024








Gold production (oz), total






69,852






73,236






256,503






210,955








Gold sold (oz), total






71,717






73,001






260,023






210,616








Segovia – AISC, Owner Mining ($/oz sold)






$1,662






$1,452






$1,534






$1,486








Segovia – CMP AISC Sales Margin2






46%






44%






44%






36%








EBITDA






$120.4M






$96.5M






$288.1M






$147.5M








Adjusted EBITDA






$168.0M






$131.1M






$464.4M






$163.1M








Net earnings (loss)3






$50.9M or $0.25/share






$42.0M or $0.21/share






$78.3M or $0.42/share






$24.6M or $0.16/share








Adjusted earnings






$94.1M or $0.46/share






$71.8M or $0.36/share






$240.9M or $1.28/share






$55.9M or $0.35/share







2025 Operational Performance



Marmato produced 28,741 oz, a 23% increase over 2024 and above the 2025 guidance range (20,000-25,000 oz), supported by stable throughput and higher average gold grades. The 2025 results reflect the operating capacity of the existing flotation plant. Throughput is expected to increase materially upon commissioning of the new CIP plant later this year.



Segovia produced 227,762 oz, a 21% increase over 2024 and achieving the 2025 guidance range (210,000-250,000). The 2025 performance reflects gold grades of 9.82 g/t, gold recoveries of 96.1%, and a 17% increase in tonnes milled compared to 2024, driven by the installation of a second ball mill in June 2025.


AISC margin increased to $420.8 million, up 158% from 2024.



Owner-operated Mining AISC was $1,534/oz compared to $1,486/oz in 2024, within the full-year 2025 guidance range of $1,450 to $1,600/oz.



Contract Mining Partner (CMP) sourced gold delivered an AISC sales margin of 44%, exceeding the full-year 2025 guidance range of 35% to 40%.



Total AISC of $1,705/oz compared to $1,507/oz in 2024. The 2025 results reflect disciplined cost control in owner-mining at $1,534/oz (up 3.2% over 2024). AISC for CMPs was $1,973/oz (up 29% over 2024), primarily reflecting the gold-price-linked purchase formula during a period when realized gold prices increased 48%.








Total Segovia Operating Information






Q4 2025






Q3 2025






FY2025






FY2024








Average realized gold price ($/oz sold)






$4,237






$3,494






$3,526






$2,378








Tonnes milled (t)






201,060






219,550






755,720






644,854








Average gold grade processed (g/t)






10.10






9.87






9.82






9.41








Gold produced (oz)






63,137






65,549






227,762






187,583








Gold sold (oz)






64,456






65,580






231,177






187,122








AISC – ($/oz sold), Owner Mining & CMPs






$1,891






$1,641






$1,705






$1,507








AISC margin ($M)






$151.3






$121.5






$420.8






$163.0








 






 






 






 






 








Segovia by Segment






Q4 2025






Q3 2025






FY2025






FY2024








Owner Mining






 






 






 






 








Gold sold (oz)






40,260






40,984






140,892






93,729








AISC – ($/oz sold)






$1,662






$1,452






$1,534






$1,486








AISC margin ($M)






$102.7






$83.1






$280.7






$83.9








 






 






 






 






 








CMPs2






 






 






 






 








Gold sold (oz)






24,196






24,596






90,285






93,393








AISC – ($/oz sold)






$2,270






$1,955






$1,973






$1,527








AISC sales margin (%)






46%






44%






44%






36%








AISC margin ($M)






$48.6






$38.4






$140.2






$79.1







Corporate and Project Development Highlights



Strong cash generation funding growth:


Operations generated $322.1 million in cash flow after sustaining capital and income taxes in 2025, fully funding all growth and expansion initiatives. After expansion capital, Aris Mining generated $126.5 million in net cash flow. See the cash-flow summary in the following sections for additional cash flow analysis.






2026 Production and Cost Guidance4:


Aris Mining expects consolidated gold production in 2026 to range between 300,000 and 350,000 oz, with production weighted toward the second half of the year. The increase reflects higher expected production at Segovia and the start of production from the new Marmato CIP plant.



At Segovia, gold production is expected to increase to between 265,000 and 300,000 ounces, up from the 227,762 ounces produced in 2025 and supported by higher mill feed from both owner-operated mining and CMP sourced material.



At Marmato, gold production is expected to increase to between 35,000 and 50,000 ounces, up from the 28,741 ounces in 2025. Production will be back-end weighted driven by the commissioning of the CIP plant, with first gold from the new plant expected in Q4 2026.








Operation






Segovia






Marmato






Consolidated








Gold production (koz)






265 - 300






35 - 50






300 - 350








Cash cost (US$/oz) – Owner mining






$1,150 to $1,250






To be provided following CIP plant commercial production






 








AISC (US$/oz) – Owner mining






$1,700 to $1,800






 








AISC sales margin – CMPs2






35% - 40%






 






 








Marmato construction advancing:


Development of the new underground decline to the Bulk Mining Zone is currently 60% complete (over 1,000 metres advanced) and is scheduled for completion in Q3 2026, ahead of CIP plant commissioning in Q4 2026. The new decline will significantly improve access and haulage efficiency, enabling higher mining rates and lower costs as processing capacity expands.



The new decline has advanced beyond the connection point to the underground crosscut, with completion of the crosscut expected in April 2026. This horizontal development, connecting the upper part of the Bulk Mining Zone with the main decline, will establish an additional access and ventilation pathway, facilitate ore and waste haulage between existing and new infrastructure, and support the initial ramp up of mine production.



The main civil, mechanical, and electrical works are advancing, with foundations for the mills, tailings thickener, and leach and CIP tanks completed.



Construction of underground workshops and ore storage, main pump station and field offices will begin in Q2 2026.



Subsequent to December 31, 2025, the Company received the $40 million instalment deposit under its precious metals stream financing following achievement of the 50% completion milestone. The proceeds will be recognized in the first quarter of 2026. The remaining $42 million instalment deposit is payable upon achievement of the 75% completion milestone.



During most of 2026, owner mining rates are expected to average approximately 900 tonnes per day (tpd), reflecting the throughput capacity of the existing flotation plant, sourced primarily from ore development and stopes in the Bulk Mining Zone.



Aris Mining plans to exit 2026 operating the 5,000 tpd design capacity CIP plant at approximately 3,000 tpd. Production is expected to increase through 2027, with throughput increasing to approximately 4,000 tpd by mid-2027 and reaching the full 5,000 tpd design capacity by the end of 2027 when the paste backfill plant is fully commissioned.







Toroparu Project (100% owned, Guyana):


Aris Mining initiated a PFS last year, targeted for completion in 2026, to advance Toroparu toward a construction decision in early 2027.



The Company commenced select pre-construction activities, which includes building a bridge at the Puruni river crossing and ongoing road construction.



Preliminary Economic Assessment (PEA) completed in October 2025, outlining an attractive project with an after-tax NPV5% of $1.8 billion, IRR of 25%, and 3.0-year payback at an assumed gold price of $3,000/oz.5







Soto Norte Project (100% owned, Colombia):


Aris Mining is finalizing the required studies to apply for an environmental license in Q2 2026 for the development of Soto Norte.



Prefeasibility Study (PFS) completed in September 2025, demonstrating robust economics with an after-tax NPV5% of $2.7 billion, IRR of 35%, and 2.3-year payback at an assumed gold price of $2,600/oz.6



Strong leverage to higher gold prices, at $3,000/oz the NPV5% increases to $3.3 billion with IRR of 40%.



The PFS incorporates industry-leading environmental and social design features, including the integration of local community miners – 750 tpd (over 20% of Soto Norte’s 3,500 tpd processing capacity) has been dedicated to local contract mining partners.








Q4 2025 Conference Call Details


Management will host a conference call on Thursday, March 12, 2026, at 6:00 am PT / 9:00 am ET / 2:00 pm GMT to discuss the results.


Participants may gain expedited access to the conference call by registering at Diamond Pass Registration. Once registered, call-in details will be displayed on screen which can be used to bypass the operator and avoid the call queue. Registration will remain open until the end of the live conference call.


Webcast



Link: Webcast | Q4 2025 Conference Call



Conference Call



Toll-free North America: +1-833-821-0197



International: +1-647-846-2328



Audio Recording



After the call, an audio recording will be available via telephone until end of day March 19, 2026



Toll-free in the US and Canada: +1-855-669-9658



International: +1-412-317-0088; and using the access code: 3500393



A replay of the event will be archived at Events & Presentations - Aris Mining Corporation.


Aris Mining's Condensed Consolidated Interim Financial Statements for the three and twelve months ended December 31, 2025 and 2024 and related MD&A are available on SEDAR+, in the Company’s filings with the U.S. Securities and Exchange Commission (the SEC) and in the Financials section of Aris Mining's website here. Hard copies of the financial statements are available free of charge upon written request to info@aris-mining.com.


About Aris Mining


Aris Mining is a Canadian gold mining company focused on South America. The Company operates the Segovia and Marmato underground gold mines in Colombia, which together produced approximately 257,000 ounces of gold in 2025. Aris Mining is listed on the TSX and NYSE under the symbol ARIS.


Expansion projects underway at Segovia and Marmato are expected to increase production to approximately 500,000 ounces of gold per year, driven by the ramp-up at Segovia following the installation of the second mill, which was completed in June 2025, and construction of the new Marmato bulk mine and CIP plant, with first gold expected in Q4 2026.


Aris Mining’s existing portfolio supports a longer-term objective of approximately 1 million ounces of annual gold production7. Key projects include the high-grade Soto Norte gold project in Colombia, where environmental studies are being finalized for submission in Q2 2026 to initiate the licensing process, and the Toroparu gold project in Guyana, where a Prefeasibility Study is in progress and a construction decision is expected in early 2027.


Additional information on Aris Mining can be found at www.aris-mining.com, www.sedarplus.ca, and on www.sec.gov.


Endnotes




1. All references to adjusted earnings, EBITDA, adjusted EBITDA, growth capital investment, cash flow after sustaining capital and income taxes, cash costs ($ per oz) and AISC ($ per oz) are non-GAAP financial measures in this document. These measures are intended to provide additional information to investors. They do not have any standardized meanings under IFRS, and therefore may not be comparable to other issuers and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Refer to the Non-GAAP Measures section in this document for a reconciliation of these measures to the most directly comparable financial measure disclosed in the Company’s financial statements.








 








2. Aris Mining operates its own mines and contracts with community-based mining partners, referred to as Contract Mining Partners (CMPs), to increase total gold production. Some partners work within Aris Mining’s infrastructure, while others manage their own mining operations on Aris Mining’s titles using their own infrastructure. In addition, Aris Mining purchases high grade mill feed from third-party contractors operating off-title, which further optimizes production and increases operating margins.








 








3. Net earnings represents net earnings attributable to owners of the company, as presented in the annual and interim financial statements for the relevant period.








 








4. 2026 cash cost and All in sustaining cost (AISC) forecasts are based on a gold price of US$4,400/oz and USD to Colombian peso exchange rate of 3,800.








 








5. See technical report dated October 28, 2025 and entitled “NI 43-101 Technical Report Preliminary Economic Assessment for the Toroparu Project Cuyuni-Mazaruni Region, Guyana”. Note that this PEA is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.








 








6. See technical report dated September 3, 2025 and entitled “NI 43-101 Technical Report Prefeasibility Study for the Soto Norte Project, Santander, Colombia.”








 








7. Includes potential production estimates from Toroparu, which is based on a preliminary economic assessment and is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There can be no assurance that the projected production will be achieved. Such production also remains subject to obtaining all necessary permits for both Soto Norte and Toroparu.







Fourth quarter consolidated income statement




 




 




 






Three months ended December 31,








 






2025






2024








Revenue






$ 308,565






$ 151,076








 






 






 








Cost of sales






(124,365)






(83,189)








Depreciation and depletion






(16,809)






(9,530)








Social contributions






(9,326)






(4,228)








Income from mining operations






158,065






54,129








 






 






 








General and administrative costs






(6,878)






(8,084)








Loss from investments in associates






14






(14)








Share-based compensation






(20,663)






483








Other expenses






(6,447)






(1,116)








Income from operations






124,091






45,398








 






 






 








Gain (loss) on financial instruments






(3,058)






6,561








Loss on settlement of deferred revenue






(4,990)






—








Finance income






4,353






1,606








Finance costs






(10,431)






(21,165)








Foreign exchange gain (loss)






(12,446)






5,113








Income before income tax






97,519






37,513








 






 






 








Income tax (expense) recovery






 






 








Current






(46,742)






(16,987)








Deferred






311






23








Net income






$ 51,088






$ 20,549








Net income attributable to:






 






 








Owners of the Company






$ 50,863






$ 21,687








Non-controlling interest






225






(1,138)








 






$ 51,088






$ 20,549








Earnings per share attributable to owners of the Company – basic






$ 0.25






$ 0.13








Weighted average number of outstanding common shares – basic






203,245,172






170,900,890








 






 






 








Earnings per share attributable to owners of the Company – diluted






$ 0.25






$ 0.02








Weighted average number of outstanding common shares – diluted






206,592,928






173,046,985







Fourth quarter consolidated statement of cash flows




 






Three months ended December 31,








 






2025






2024








Operating Activities






 






 








Net income






$ 51,088






$ 20,548








Adjusted for the following items:






 






 








Depreciation and depletion






17,507






8,693








Loss from investments in associates






(14)






13








Share-based compensation






20,663






(483)








Finance costs






10,431






21,165








Loss on financial instruments






3,058






(6,561)








Amortization of deferred revenue and cumulative catch-up






(2,210)






(1,042)








Unrealized foreign exchange loss (gain)






9,396






(6,829)








Income tax expense






46,431






16,964








Loss on settlement of deferred revenue






4,990






—








Other






862






2,749








Payment of Deferred Share Units and Performance Share Units






—






1








Settlement of Soto Norte Project PMPA






(10,000)






—








Precious metal stream deposit received






—






40,016








Changes in non-cash operating working capital items






8,260






29,002








Operating cash flows before taxes






160,462






124,236








Income taxes paid






(21,686)






(25,152)








Net cash provided by operating activities






138,776






99,084








Investing Activities






 






 








Additions to mining interests, plant and equipment






(85,045)






(47,882)








Contributions to investment in associates






—






(1)








Purchase of Denarius marketable securities






(1,429)






—








Capitalized interest paid (net)






(7,964)






(3,959)








Net cash used in investing activities






(94,438)






(51,842)








Financing Activities






 






 








Acquisition of 49% interest in Soto Norte Project






(50,000)






—








Repayment of Gold Notes






(4,064)






(3,695)








Repayment of Senior Notes 2026






—






(305,157)








Net proceeds from Senior Notes 2029






—






441,294








Payment of lease obligations






(1,198)






(594)








Interest paid






(18,000)






(5,582)








Proceeds from exercise of stock options and warrants, net of issuance costs






3,462






1,427








Net cash provided by financing activities






(69,800)






127,693








Impact of foreign exchange rate changes on cash and equivalents






(545)






(2,704)








Increase in cash and cash equivalents






(26,007)






172,231








Cash and cash equivalents, beginning of period






417,881






80,304








Cash and cash equivalents, end of period






$ 391,874






$ 252,535







Cash costs & all-in sustaining cost per ounce





For the three months ended,







Years ended,








Segovia






Dec 31, 2025






Sep 30, 2025






Jun 30, 2025






Mar 31, 2025






 






Dec 31, 2025






Dec 31, 2024








Total gold sold (ounces)






64,456






65,580






53,751






47,390






 






231,177






187,122








Cost of sales1






103,043






93,249






76,719






67,091






 






340,102






254,879








Less: materials and supplies inventory provision1






(1,174)






—






—






—






 






(1,174)






(965)








Less: royalties1






(8,598)






(7,532)






(5,539)






(4,519)






 






(26,188)






(13,934)








Add: by-product revenue1






(5,828)






(4,116)






(2,798)






(3,073)






 






(15,815)






(10,153)








Total cash costs






87,443






81,601






68,382






59,499






 






296,925






229,827








Add: royalties1






8,598






7,532






5,539






4,519






 






26,188






13,934








Add: social programs1






9,168






7,787






5,177






4,061






 






26,193






12,766








Add: sustaining capital expenditures






16,654






10,686






11,284






6,336






 






44,960






25,395








Total AISC






121,863






107,606






90,382






74,415






 






394,266






281,922








AISC per ounce sold






$1,891






$1,641






$1,681






$1,570






 






$1,705






$1,507














 



Marmato






 






 






 






 






 






 






 








Total gold sold (ounces)






7,261






7,421






7,273






6,891






 






28,846






23,494








Cost of sales1






21,322






20,443






17,255






15,384






 






74,404






59,880








Less: materials and supplies inventory provision






(254)






—






—






—






 






(254)






(225)








Less: royalties1






(2,223)






(2,555)






(2,044)






(1,840)






 






(8,662)






(4,959)








Add: by-product revenue1






(1,493)






(543)






(427)






(313)






 






(2,776)






(1,133)








Total cash costs






17,352






17,345






14,784






13,231






 






62,712






53,563








Add: royalties1






2,223






2,555






2,044






1,840






 






8,662






4,959








Add: social programs1






158






437






385






273






 






1,253






1,667








Add: sustaining capital expenditures






2,192






1,524






1,426






733






 






5,875






3,475








Total AISC






21,925






21,861






18,639






16,077






 






78,502






63,664














 



Consolidated






 






 






 






 






 






 






 








Total gold sold (ounces)






71,717






73,001






61,024






54,281






 






260,023






210,616








Cost of sales1






124,365






113,692






93,974






82,475






 






414,506






314,759








Less: materials and supplies inventory provision






(1,428)






—






—






—






 






(1,428)






(1,190)








Less: royalties1






(10,821)






(10,087)






(7,583)






(6,359)






 






(34,850)






(18,893)








Add: by-product revenue1






(7,321)






(4,659)






(3,225)






(3,386)






 






(18,591)






(11,286)








Total cash costs






104,795






98,946






83,166






72,730






 






359,637






283,390








Add: royalties1






10,821






10,087






7,583






6,359






 






34,850






18,893








Add: social programs1






9,326






8,224






5,562






4,334






 






27,446






14,433








Add: sustaining capital expenditures






18,846






12,210






12,710






7,069






 






50,835






28,870








Total AISC






143,788






129,467






109,021






90,492






 






472,768






345,586











1.







As presented in the Financial Statements and notes thereto for the respective periods







All-in sustaining cost per ounce – business units (Segovia)




 






For the three months ended,






Years ended,








Segovia - Owner Mining






Dec 31, 2025






Sep 30, 2025






Jun 30, 2025






Mar 31, 2025






Dec 31, 2024






Dec 31, 2025






Dec 31, 2024








Total gold sold (ounces)






40,260






40,984






32,685






26,963






28,149






140,892






93,729








Cost of sales1






52,773






48,502






39,532






34,799






34,518






175,606






121,450








Less: inventory provision






(895)






—






—






—






(717)






(895)






(717)








Less: royalties1






(5,689)






(5,000)






(3,605)






(2,783)






(2,754)






(17,077)






(8,151)








Add: by-product revenue1






(3,610)






(2,566)






(1,714)






(1,748)






(1,727)






(9,639)






(7,540)








Total cash costs






42,578






40,936






34,213






30,268






29,320






147,995






105,042








Add: royalties1






5,689






5,000






3,605






2,783






2,754






17,077






8,151








Add: social programs1






6,058






5,155






3,366






2,501






2,558






17,080






7,468








Add: sustaining Capital






12,601






8,430






8,511






4,397






4,386






33,939






18,620








Total AISC






66,926






59,521






49,695






39,949






39,018






216,091






139,281








AISC per ounce sold






$1,662






$1,452






$1,520






$1,482






$1,386






$1,534






$1,486









Segovia - CMPs






 














Total gold sold (ounces)






24,196






24,596






21,066






20,427






22,260






90,285






93,393








Cost of sales1






50,271






44,747






37,187






32,292






33,560






164,496






133,429








Less: inventory provision






(279)






—






—






—






(248)






(279)






(248)








Less: royalties1






(2,909)






(2,532)






(1,934)






(1,736)






(1,588)






(9,111)






(5,783)








Add: by-product revenue1






(2,218)






(1,550)






(1,084)






(1,325)






(581)






(6,176)






(2,613)








Total cash costs






44,865






40,665






34,169






29,231






31,143






148,930






124,785








Add: royalties1






2,909






2,532






1,934






1,736






1,588






9,111






5,783








Add: social programs1






3,110






2,632






1,811






1,560






1,505






9,113






5,298








Add: sustaining capital






4,053






2,256






2,773






1,939






1,607






11,021






6,775








Total AISC






54,937






48,085






40,687






34,466






35,843






178,175






142,641








AISC per ounce sold






$2,270






$1,955






$1,931






$1,687






$1,610






$1,973






$1,527








Segovia - Combined






 










 






 








Total gold produced (ounces)






63,137






65,549






51,527






47,549






51,477






227,762






187,583








Total gold sold (ounces)






64,456






65,580






53,751






47,390






50,409






231,177






187,122








Gold revenue






273,127






229,116






177,551






135,310






133,159






815,104






444,925








Avg realized gold price ($/oz sold)






$4,327






$3,494






$3,303






$2,855






$2,642






$3,526






$2,378








Cost of sales1






103,043






93,249






76,719






67,091






68,078






340,102






254,879








Less: inventory provision






(1,174)






—






—






—






(965)






(1,174)






(965)








Less: royalties1






(8,598)






(7,532)






(5,539)






(4,519)






(4,342)






(26,188)






(13,934)








Add: by-product revenue1






(5,828)






(4,116)






(2,798)






(3,073)






(2,308)






(15,815)






(10,153)








Total cash costs






87,443






81,601






68,382






59,499






60,463






296,925






229,827








Add: royalties1






8,598






7,532






5,539






4,519






4,342






26,188






13,934








Add: social programs1






9,168






7,787






5,177






4,061






4,063






26,193






12,766








Add: sustaining capital






16,654






10,686






11,284






6,336






5,993






44,960






25,395








Total AISC






121,863






107,606






90,382






74,415






74,861






394,266






281,922








AISC per ounce sold






$1,891






$1,641






$1,681






$1,570






$1,485






$1,705






$1,507








AISC Margin






151,264






121,510






87,169






60,895






58,298






420,838






163,003











1.







As presented in the Financial Statements and notes thereto for the respective periods







Operating free cash flow and free cash flow after growth and expansion capital




 






Three months ended,






Year ended,








($’000)






Dec 31, 2025






Sep 30, 2025






Jun 30, 2025






Mar 31, 2025






Dec 31, 2025






Dec 31, 2024








Operating cash flows before taxes






160,462






118,946






123,963






51,882






455,253






179,591








Adjusting Items:






 






 






 






 






 






 








Precious metal stream deposit settled (received)






10,000






—






—






—






10,000






(40,016)








Finance income






(4,353)






(2,437)






(3,474)






(2,336)






(12,600)






(6,894)








Impact of FX on cash and cash equivalents






(545)






1,450






925






768






2,598






(5,845)








Adjusted operating cash flows before taxes






165,564






117,959






121,414






50,314






455,251






126,836








 






 






 






 






 






 






 








Less: Income taxes paid






(21,686)






(13,228)






(42,244)






(5,121)






(82,279)






(38,354)








Adjusted net cash provided by operating activities






143,878






104,731






79,170






45,193






372,972






88,482








 






 






 






 






 






 






 








Less: Sustaining capital






(18,389)






(11,858)






(12,287)






(6,589)






(49,123)






(27,044)








Less: Sustaining lease payments






(457)






(352)






(423)






(480)






(1,712)






(1,826)








Cash flow from operations after sustaining capital and income taxes






125,032






92,521






66,460






38,124






322,137






59,612








 






 






 






 






 






 






 








Less: Growth and expansion capital






(67,735)






(48,136)






(36,745)






(43,010)






(195,626)






(168,387)








Free cash flow after growth and expansion capital






57,297






44,385






29,715






(4,886)






126,511






(108,775)







Additions to mineral interests, plant and equipment




($’000)






Dec 31, 2025






Sep 30, 2025






Jun 30, 2025






Mar 31, 2025








Sustaining capital






 






 






 






 








Segovia






16,197






10,334






10,861






5,856








Marmato






2,192






1,524






1,426






733








Total Sustaining Capital






18,389






11,858






12,287






6,589








Non-sustaining capital






 






 






 






 








Marmato






43,562






31,369






23,628






29,661








Segovia






16,161






9,618






6,930






6,368








Soto Norte Project and other






4,885






3,879






3,446






4,570








Toroparu Project






3,127






3,270






2,741






2,411








Total (Growth Capital Investment)






67,735






48,136






36,745






43,010








Additions to mining interest, plant and equipment1






86,124






59,994






49,032






49,599











1.







As presented in the Annual and Interim Financial Statements and notes for the respective periods.







Earnings before interest, taxes, depreciation, and amortization (EBITDA) and adjusted EBITDA




 






 








($000s)






Dec 31, 2025






Sep 30, 2025






Jun 30, 2025






Mar 31, 2025








Earnings (loss) before tax1






97,519






76,094






12,258






21,220








Add back:






 






 






 






 








Depreciation and depletion1






16,809






13,459






11,929






10,734








Finance income1






(4,353)






(2,437)






(3,474)






(2,336)








Interest and accretion1






10,431






9,390






10,833






10,037








EBITDA






120,406






96,506






31,546






39,655








Add back:






 






 






 






 








Share-based compensation1






20,663






9,497






8,136






3,784








(Income) loss from equity accounting in investee1






(14)






—






—






14








(Gain) loss on financial instruments1






3,058






6,385






50,737






16,628








Loss on disposal of mining interest and PPE1






—






3,200






—






—








Loss on settlement of deferred revenue1






4,990






—






—






—








Other (income) expense1






6,447






1,961






1,090






535








Foreign exchange (gain) loss1






12,446






13,520






7,224






5,997








Adjusted EBITDA






167,996






131,069






98,733






66,613











1.







As presented in the Annual and Interim Financial Statements and notes for the respective periods.









 






 








($000s)






Dec 31, 2024






Sep 30, 2024






Jun 30, 2024






Mar 31, 2024








Earnings (loss) before tax1






37,513






13,603






17,904






10,310








Add back:






 






 






 






 








Depreciation and depletion1






9,530






9,019






8,082






7,519








Finance income1






(1,606)






(1,351)






(1,691)






(2,246)








Interest and accretion1






21,165






6,493






6,496






6,803








EBITDA






66,602






27,764






30,791






22,386








Add back:






 






 






 






 








Share-based compensation1






(483)






2,533






1,373






1,842








(Income) loss from equity accounting in investee1






14






17






2,301






551








(Gain) loss on financial instruments1






(6,561)






12,842






6,144






3,742








Other (income) expense1






1,116






(428)






2,681






—








Foreign exchange (gain) loss1






(5,113)






311






(7,211)






(108)








Adjusted EBITDA






55,575






43,039






36,079






28,413











1.







As presented in the Annual and Interim Financial Statements and notes for the respective periods.







Adjusted net earnings and adjusted net earnings per share




 










($000s except shares amount)






Dec 31, 2025






Sep 30, 2025






Jun 30, 2025






Mar 31, 2025








Basic weighted average shares outstanding






203,245,172






199,171,052






179,836,208






171,622,649








Net earnings (loss)1






50,863






42,011






(16,897)






2,368








Add back:






 






 






 






 








Share-based compensation1






20,663






9,497






8,136






3,784








(Income) loss from equity accounting in investee1






(14)






—






—






14








(Gain) loss on financial instruments1






3,058






6,385






50,737






16,628








Loss on disposal of mining interest and PPE1






—






3,200






—






—








Loss on settlement of deferred revenue1






4,990






—






—






—








Other (income) expense1






6,447






1,961






1,090






535








Foreign exchange (gain) loss1






12,446






13,520






7,224






5,997








Income tax effect on adjustments






(4,356)






(4,732)






(2,528)






(2,099)








Adjusted net earnings






94,097






71,842






47,762






27,227








Adjusted net earnings per share – basic ($/share)






0.46






0.36






0.27






0.16











1.







As presented in the Annual and Interim Financial Statements and notes for the respective periods.









($000s except shares amount)






Dec 31, 2024






Sep 30, 2024






Jun 30, 2024






Mar 31, 2024








Basic weighted average shares outstanding






170,900,890






169,873,924






151,474,859






138,381,653








Net earnings (loss)






21,687






(2,074)






5,713






(744)








Add back:






 






 






 






 








Share-based compensation1






(483)






2,533






1,373






1,842








(Income) loss from equity accounting in investee1






14






17






2,301






551








(Gain) loss on financial instruments1






(6,561)






12,842






6,144






3,742








Other (income) expense1






1,116






(428)






2,681






—








Loss on extinguishment of Senior Notes






11,463






—






—






—








Foreign exchange (gain) loss1






(5,113)






311






(7,211)






(108)








Income tax effect on adjustments






2,536






(109)






1,738






78








Adjusted net earnings






24,659






13,092






12,739






5,361








Adjusted net earnings per share – basic ($/share)






0.14






0.08






0.08






0.04











1.







As presented in the Annual and Interim Financial Statements and notes for the respective periods.







Qualified Person and Technical Information


Pamela De Mark, P.Geo., Senior Vice President Geology and Exploration of Aris Mining, is a Qualified Person as defined by National Instrument 43-101 (NI 43-101), and has reviewed and approved the technical information contained in this news release.


Forward-Looking Information


This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to the Company’s ability to deliver on its 2026 objectives, 2026 production and cost guidance, Segovia guidance, updates and timing for completion and first gold pour at the Bulk Mining Zone, the expected benefit from the Segovia expansion, the Company’s longer-term growth outlook, the timeline for environmental studies for the Soto Norte Project, the timeline for a Prefeasibility Study and construction decision for the Toroparu Project, the objective of reaching 1 million ounces of production, are forward-looking. Generally, the forward-looking information and forward looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved”. The material factors or assumptions used to develop forward looking information or statements are disclosed throughout this news release.


Forward looking information and forward looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Mining to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to those factors discussed in the section entitled "Risk Factors" in Aris Mining's annual information form dated March 11, 2026 which is available on SEDAR+ at www.sedarplus.ca and included as part of the Company’s Annual report on Form 40-F, filed with the SEC at www.sec.gov.


Although Aris Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company has and continues to disclose in its Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aris Mining disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.


This news release contains information that may constitute future-orientated financial information or financial outlook information (collectively, “FOFI”) about the Company’s prospective financial performance, financial position or cash flows, all of which are subject to the same assumptions, risk factors, limitations and qualifications as set forth above. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise or inaccurate and, as such, undue reliance should not be placed on FOFI. The Company’s actual results, performance and achievements could differ materially from those expressed in, or implied by, FOFI. The Company has included FOFI in order to provide readers with a more complete perspective on the Company’s future operations and management’s current expectations relating to the Company’s future performance. Readers are cautioned that such information may not be appropriate for other purposes. FOFI contained herein was made as of the date of this Annual Information Form. Unless required by applicable laws, the Company does not undertake any obligation to publicly update or revise any FOFI statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260311981066/en/
Aris Mining

Oliver Dachsel

Senior Vice President, Capital Markets

+1.917.847.0063


Lillian Chow

Director, Investor Relations & Communications

info@aris-mining.com


Original: Aris Mining Reports Q4 and Full Year 2025 Results