Aris Mining Delivers $179M in Q2 Adjusted EBITDA, Reaffirms 2026 Production Outlook
ARIS has more than doubled off its 52-week low of $6.651.
Summary
Aris Mining posted Q2 2026 adjusted EBITDA of $179 million, reaffirmed its 2026 production guidance, and advanced key growth projects—Marmato is on track for first gold in Q4 2026, and a Toroparu construction decision is expected in early 2027.
Key Events · Earnings and Guidance · ARIS
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Strong Q2 2026 Financials
Adjusted EBITDA reached $179 million, net earnings came in at $94 million ($0.46 per share), and cash stood at $425.6 million.
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2026 Production Guidance Reaffirmed
The company expects to produce between 300,000 and 350,000 ounces of gold in 2026, supported by the Segovia ramp-up and the Marmato expansion.
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Marmato Expansion on Track
Construction of the new CIP plant is advancing toward first gold in Q4 2026; remaining capex totals $118 million, with a $42 million stream payment due in Q3 2026.
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Toroparu Construction Decision Expected Early 2027
A prefeasibility study is on schedule for the second half of 2026, while pre-construction activities—including a bridge and camp expansion—are already underway.
Analysis · ARIS · Energy & Transportation
Aris Mining turned in a robust second quarter, generating $179 million in adjusted EBITDA and $94 million in net earnings, while building a cash position of $425.6 million. Confidence in the growth trajectory is underscored by the reaffirmed 2026 production guidance of 300,000 to 350,000 ounces. The Marmato CIP plant remains on pace for first gold in Q4 2026, and a construction decision for Toroparu is anticipated in early 2027. With net debt trimmed to $44 million and strong free cash flow, the company is well-positioned to fund expansion without shareholder dilution.
At the time of this filing, ARIS was trading at $13.93 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $6.65 to $23.29. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.