Aris Mining Reports Strong 2025 Results, Consolidates Soto Norte, and Uplists to NYSE
Summary
Aris Mining reported strong 2025 financial results with significant revenue and EBITDA growth, increased gold production, and strategic project advancements including the full acquisition of the Soto Norte Project and uplisting to the NYSE.
Key Events
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Strong 2025 Financial Performance
Reported 2025 gold revenue of $909 million (+82% YoY), Adjusted EBITDA of $464 million (+184% YoY), and Net Earnings of $78 million (+213% YoY). Net debt was reduced to $86 million from $241 million in 2024.
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Increased Gold Production Exceeds Guidance
Achieved 256,503 ounces of gold production in 2025, a 22% increase from 2024, surpassing the annual guidance midpoint. Segovia operations produced 227,762 ounces, and Marmato produced 28,741 ounces.
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Soto Norte Project Fully Acquired
Acquired the remaining 49% interest in the Soto Norte Project from Mubadala for $60 million cash and 1,739,130 common shares, resulting in 100% ownership. A Prefeasibility Study (PFS) for Soto Norte completed in September 2025 outlines robust economics with an after-tax NPV 5% of $2.7 billion.
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Marmato Mine Expansion Progresses
The new underground decline to the Bulk Mining Zone is 60% complete, with CIP plant commissioning expected in Q4 2026. The company received a $40 million installment deposit under its precious metals stream financing post-period.
Analysis
Aris Mining's 40-F filing reveals a year of exceptional financial and operational growth in 2025, significantly exceeding prior year performance and guidance. The company achieved record revenue and adjusted EBITDA, alongside a substantial increase in gold production. Strategically, the full acquisition of the high-grade Soto Norte Project and the continued advancement of the Marmato Mine expansion are pivotal for future growth. The uplisting to the NYSE enhances market visibility and liquidity. Furthermore, the confirmation of effective internal controls and the transition from emerging growth company status demonstrate robust corporate governance. These developments collectively position Aris Mining for continued expansion and improved investor confidence.
At the time of this filing, ARIS was trading at $20.06 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.1B. The 52-week trading range was $3.85 to $23.29. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.