Canada · Delayed Price · Currency is CAD Aris Mining Earnings Call Transcripts
Fiscal Year 2026
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Strong H1 2026 results with 148,000 oz gold produced, $179M adjusted EBITDA in Q2, and $426M cash. Production guidance reaffirmed, with Segovia and Marmato ramp-ups supporting a near-term path to 500,000 oz annual output. Growth projects and funding remain on track.
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Q1 2026 delivered strong gold production, revenue, and cash flow, driven by high grades and robust gold prices. Expansion projects at Segovia and Marmato are on track, with guidance reaffirmed and a solid financial position supporting future growth.
Fiscal Year 2025
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Record gold production and strong gold prices drove an 82% revenue increase and 185% EBITDA growth in 2025, with free cash flow funding major project expansions. 2026 guidance targets over 25% production growth, with key projects on schedule and a robust balance sheet.
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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.