Aris Mining Posts Strong Q2 2026 with $179M Adjusted EBITDA, on Pace for 300–350 koz Production
ARIS has more than doubled off its 52-week low of $6.651.
Summary
Aris Mining reported Q2 2026 adjusted EBITDA of $179 million and reaffirmed its 2026 production guidance of 300,000 to 350,000 ounces. The Marmato CIP plant remains on schedule for first gold in Q4 2026, marking a major step toward the company's 500,000-ounce annual production target.
Key Events · Earnings and Guidance · ARIS
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Q2 2026 Financial Performance
Gold revenue reached $321 million, driving adjusted EBITDA of $179 million and adjusted net earnings of $96 million, or $0.47 per share. Over the trailing 12 months, adjusted EBITDA climbed to $690 million.
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Production and Guidance Reaffirmed
First-half 2026 production totaled 148,000 ounces, representing roughly 46% of the full-year guidance midpoint of 300,000 to 350,000 ounces. Output is expected to be second-half weighted as Segovia ramps up and the Marmato CIP plant comes online.
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Marmato Expansion on Track
Construction of the 5,000 tpd CIP plant remains on schedule for first gold in Q4 2026. The remaining capital to first gold is estimated at $118 million, with a net funding requirement of $76 million after the Wheaton Precious Metals installment.
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Growth Pipeline Advancing
The Toroparu Prefeasibility Study is on track for H2 2026, with a construction decision targeted for early 2027. Meanwhile, environmental studies and the license application for Soto Norte are nearing completion.
Analysis · ARIS · Energy & Transportation
Another quarter of robust financials saw Aris Mining deliver $179 million in adjusted EBITDA on gold revenue of $321 million. The cash generated fully covered $121 million in growth capital, leaving a $426 million cash balance intact. Full-year production guidance of 300,000 to 350,000 ounces is reaffirmed, with the Marmato expansion—a pivotal catalyst set to nearly double annual output toward 500,000 ounces—on track for first gold in Q4 2026. These results underscore the company's ability to self-fund its growth pipeline, including the Toroparu and Soto Norte projects, 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.