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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Earnings

Aris Mining Reports Q1 2026 Results

Aris Mining Delivers Record Q1 Margins and Near-Zero Debt, Validating Growth Thesis Amidst Sector Pullback

By The Northwire Desk — AI Analysis May 06, 2026 · 17:00 ARIS · 25.78 Aris Mining Corporation
Executive Summary
  • Event: Aris Mining reported Q1 2026 financial and operational results on May 6, 2026.
  • Financials: Gold revenue reached $364 million (up 21% from Q4 2025). Adjusted EBITDA was $212 million (up 26% QoQ). Adjusted Net Earnings were $124 million ($0.60/share).
  • Balance Sheet: Cash balance increased to $472 million (from $392 million at Dec 31, 2025). Net debt reduced to near zero (down from $86 million at year-end 2025). Free cash flow was $41.6 million after growth capex.
  • Operations: Gold production was 74.3 koz (up 6% QoQ). Segovia AISC (Owner-operated) came in at $1,492/oz, significantly outperforming the full-year guidance range of $1,700-$1,800/oz.
  • Projects: Marmato underground development breakthrough achieved in April 2026; new CIP plant on schedule for Q4 2026 first gold. Soto Norte environmental license submission targeted for Q2 2026. Toroparu PFS progressing for H2 2026 completion.
Material Impact
  • Positive Surprise: The All-In Sustaining Cost (AISC) at Segovia ($1,492/oz) beat the guidance midpoint by approximately $250-$300/oz. This indicates stronger operational efficiency and margin expansion than previously priced into the stock.
  • Balance Sheet De-risking: The reduction of net debt to near zero within one quarter is a significant risk mitigation event. It eliminates immediate refinancing risks and provides ample liquidity for growth projects without dilution.
  • Execution Confirmation: The Marmato breakthrough confirms management's ability to deliver on complex underground development milestones, validating the Q4 2026 production ramp-up timeline.
  • Market Context: Following a ~24% price correction from the February 2026 high ($30.90) to current levels ($23.60), this news provides fundamental support for a valuation re-rating, assuming gold prices remain stable.
ARIS · Price
Company Overview
  • Overview: Aris Mining is an intermediate gold producer focused on Colombia (Segovia, Marmato) and Guyana (Toroparu), with a development asset in Colombia (Soto Norte). The company aims for 500k oz annual production from existing assets and a pathway to 1M oz.
  • Flagship Project: Segovia Operations is the current cash flow engine, producing high-grade gold underground. It recently expanded milling capacity by 50% to 3,000 tpd in June 2025.
  • Growth Projects: Marmato (Bulk Mining Zone) is the next major production driver expected to ramp up in H2 2026. Soto Norte and Toroparu are long-term growth projects requiring permitting and capital investment.
Read the original news release →

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Nov 04, 2026 · 16:05

Aris reports record earnings despite rising all-in sustaining costs, negative free cash flow, and a low-end guidance range.

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Regulatory Sep 08, 2026 · 08:00

Aris advances Toroparu infrastructure to accelerate the pre-feasibility study timeline toward a 2027 final investment decision.

Other Aug 04, 2026 · 19:00

Aris divests its Seasif stake to fund the Marmato ramp and Toroparu pre-feasibility study.

M&A / Property