#Canada #Vancouver, BC #Aris Mining #Segovia Operations #Marmato Upper Mine

Aris Mining Reports Strong Q1 2025 Results

Aris Mining Corporation has announced its financial results for the first quarter of 2025, showcasing record adjusted earnings per share and robust operational performance. The Vancouver-based mining company, listed on both the TSX and NYSE-A, reported significant growth in revenues and production amidst a favorable gold market.

Financial Highlights

For the three months ending March 31, 2025, Aris Mining recorded a remarkable adjusted earnings per share (EPS) of $0.16, marking its highest quarterly performance since the company's inception in 2022. The financial figures are as follows:

• - Gold revenue: Reached $154.1 million, representing a 47% increase compared to Q1 2024 and a 4% rise from Q4 2024.
• - Adjusted EBITDA: The company reported $66.6 million for the first quarter, a staggering 134% increase year-over-year.
• - Net earnings: Net earnings stood at $2.4 million, a significant turnaround from a loss of $0.7 million in the same quarter last year.

The company’s cash balance at the end of the quarter was $240 million with net debt of $250 million, indicating a strong financial position and a net leverage ratio of 1.2x.

Operational Highlights

Production Details

In terms of gold production, Aris Mining achieved a total of 54,763 ounces during Q1 2025, which is an 8% increase from 50,767 ounces in Q1 2024. This performance accounted for 22% of the full-year production guidance range of 230,000 to 275,000 ounces. Key operational parameters were as follows:

• - Gold production from Segovia Operations: 47,549 ounces, supported by high gold grades and excellent recovery rates.
• - Marmato Upper Mine: Generated 7,214 ounces, reflecting a 23% increase from the previous quarter.

The all-in sustaining cost (AISC) margin grew significantly, attributed to Aris' commitment to operational excellence and efficient cost management. The company also noted that the AISC margin for owner mining was recorded at $1,482 per ounce, positioning them favorably within the market.

Growth and Expansion

Aris Mining is not just focused on current performance but is also heavily investing in growth initiatives across its operations. In Q1 2025, the company invested $43 million towards growth projects such as:

• - Marmato Lower Mine development: Allocating approximately $29.7 million, which is expected to enhance production capabilities significantly.
• - Segovia plant expansion: With $6.4 million invested, the upcoming commissioning of a new facility is anticipated to bolster operational output.
• - Toroparu Project: A new study to update the development plan for this Guyana-based project has commenced, with completion anticipated in Q3 2025.

Future Outlook

The company's CEO, Neil Woodyer, emphasized that Aris Mining is on a robust growth trajectory, driven by efficient operations and favorable market conditions. With the commissioning of the Segovia plant expansion in June, production rates are expected to improve significantly in the latter half of 2025. The ongoing development at the Marmato site and strategic initiatives in Guyana underscore the company’s potential for substantial growth.

In conclusion, Aris Mining Corporation’s Q1 2025 results reflect not only a significant financial turnaround but also the promise of future growth through operational optimization and strategic investments in key projects. As the company continues to navigate the complexities of the mining industry, it remains focused on delivering value to its shareholders and operational excellence in the years ahead.