Aris Mining Achieves Key Marmato Mine Development Milestone, On Track for Q4 2026 Gold

summarizeSummary

Aris Mining announced a major construction breakthrough at its Marmato gold mine, connecting the new surface decline to existing underground workings, keeping the expansion project on schedule for Q4 2026 first gold.

check_boxKey Events

• Marmato Mine Breakthrough

  The underground development cross-cut at the Marmato gold mine has successfully connected the new surface decline to the existing underground development.

• Expansion Project On Schedule

  This milestone is a critical step for the Marmato expansion project, establishing continuous underground access and keeping the bulk mine on schedule for first gold in Q4 2026.

• Reaffirms Production Targets

  The company reiterated its expectation to deliver approximately 500,000 ounces of gold production per year from Marmato and Segovia following expansion and ramp-up, with a longer-term objective of 1 million ounces annually.

auto_awesomeAnalysis

Aris Mining announced a significant operational achievement at its Marmato gold mine, successfully connecting the new surface decline to existing underground development. This milestone is crucial for the Marmato expansion project, ensuring continuous underground access and keeping the bulk mine on schedule for first gold production in Q4 2026. This progress de-risks the company's growth targets, which include reaching approximately 500,000 ounces of annual gold production from Marmato and Segovia, and a longer-term objective of 1 million ounces.