ARIS MINING REPORTS Q3 2025 RESULTS

Aris Mining announced its Q3 2025 financial results, reporting record performance across key metrics. - Financials: Record revenue of $253.5 million, record adjusted EBITDA of $131.1 million, and record adjusted net earnings of $71.8 million ($0.36 per share). - Production: Gold production was 73,236 ounces, in line with the pre-released results from October 7, 2025. - Cash Position: The company ended the quarter with a robust cash balance of $418 million and net debt of only $64 million. - Operations: The production ramp-up at the expanded Segovia facility is progressing well. The All-In Sustaining Cost (AISC) at Segovia was $1,452/oz against an average realized gold price of $3,494/oz, resulting in a strong 44% margin. - Growth Pipeline: The CEO highlighted the recent delivery of two major technical studies: a positive Prefeasibility Study (PFS) for the Soto Norte Project and a positive Preliminary Economic Assessment (PEA) for the Toroparu Project. Construction of the Marmato Bulk Mining Zone remains on schedule for first gold in H2 2026.

The Q3 2025 financial results are materially positive, confirming the strong operational performance pre-released on October 7 and demonstrating exceptional free cash flow generation. The results solidify the success of the company's strategy in 2025, which has been defined by execution.

• Promise Delivered: Throughout late 2024 and early 2025, management guided for the Segovia mill expansion to be commissioned in Q2 2025. This was achieved on time and on budget (June 30 news). Subsequent news (Sep 5, Oct 7) confirmed the ramp-up was successful. Today's financial results are the capstone, proving the expansion is translating directly into record revenue and cash flow.
• Financial Strength: The cash balance has swelled from $253M at the end of 2024 to $418M at the end of Q3 2025. This was achieved while funding the Marmato expansion and was aided by warrant exercises ($114.8M total) that concluded in July. The company is now in an enviable position of funding its next major growth project, the Marmato Bulk Mining Zone, from its robust treasury and internal cash flow.
• De-risking Complete: The market faced three major overhangs in the past year: the 2026 debt maturity, a large block of in-the-money warrants, and a large strategic shareholder (Mubadala). All three have been resolved. The debt was refinanced and extended to 2029 (Oct 2024), the warrants expired (July 2025), and Mubadala sold its entire position into the market (Aug 2025). This has cleaned up the story considerably.
• Growth Pipeline Solidified: The recent positive PEA for Toroparu (Oct 28) and PFS for Soto Norte (Sep 3) have moved these projects from concepts to assets with tangible, robust economics. This adds a significant layer of long-term value and growth potential beyond the current expansions.

Compared to expectations, these results meet the high bar set by the preliminary production release. The key takeaway is the dramatic increase in the cash balance, which showcases the company's profitability at current gold prices and its ability to self-fund its impressive growth profile. The news confirms the company is firing on all cylinders.

Aris Mining is a gold producer with operations and projects primarily in Colombia and a development asset in Guyana. The company's vision is to grow into a mid-tier producer with annual output exceeding 500,000 ounces.

• Flagship Project (Producing): The Segovia Operations in Antioquia, Colombia. This is a high-grade, multi-mine underground operation. The key development in 2025 was the commissioning of a second mill, expanding processing capacity by 50% from 2,000 to 3,000 tonnes per day (tpd).
• Growth Projects:
  • Marmato Mine (Colombia): A producing upper mine and a lower bulk mining zone currently under construction, which is expected to significantly increase production in H2 2026.
  • Soto Norte Project (Colombia): A 51%-owned joint venture. A recent PFS outlined a robust, high-margin, long-life project.
  • Toroparu Project (Guyana): A 100%-owned gold-copper project with a recent positive PEA demonstrating potential for a large-scale, long-life mine.