Canada · Delayed Price · Currency is CAD Aris Mining Earnings Call Transcripts
Fiscal Year 2025
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Gold production and prices surged in 2025, driving record revenue, EBITDA, and free cash flow. Major expansions at Segovia and Marmato are on track, with strong liquidity and reduced leverage positioning the company for further growth.
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Q3 2025 delivered record gold production and financial results, with Segovia ramp-up and Marmato progress driving revenue and EBITDA growth. Major technical studies for Soto Norte and Toroparu confirm strong project economics, supporting a robust growth outlook.
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Record adjusted earnings and strong cash flow marked Q2, with gold revenue up 30% over Q1 and liquidity boosted by warrant exercises. Segovia's expansion and Marmato's progress keep 2025 guidance on track, while technical studies and formalization initiatives support long-term growth.
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The meeting was held virtually, with all formal business conducted efficiently. Eight directors were elected, and KPMG LLP was appointed as auditor. Audited financial statements for 2024 were presented and received.
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Record gold prices and operational execution drove a 47% revenue increase and record EPS in Q1 2025, with strong cash flow funding growth projects. Segovia and Marmato expansions are on track, and major technical studies at Soto Norte and Toroparu will guide future capital allocation.
Fiscal Year 2024
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Q4 2024 saw record production and strong financial results, with net income of $22M and EBITDA of $67M. Major expansions at Segovia and Marmato are underway, targeting over 500,000 oz annual output. Year-end cash rose to $253M, supporting growth plans.
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Q3 saw a 9% increase in gold production and a 37% rise in Segovia's all-in sustaining margin, with strong adjusted EBITDA and significant progress on expansion projects. Pro forma cash reached $266 million after refinancing and stream funding.
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Q2 gold production reached 49,000 ounces, with H1 at nearly 100,000 ounces and revenue of $114.2 million in Q2. Expansion projects at Segovia and Marmato are progressing, with cost guidance raised due to inflation and higher gold prices.