Quarterly ResultMay 6, 2026, 05:08 PM
Aris Mining Q1 Net Earnings $98M, Revenue $364M; Gold Production Up 6%
AI Summary
Aris Mining reported strong Q1 2026 results with net earnings of $98 million and gold revenue of $364 million, driven by higher gold ounces sold and realized gold prices. Gold production increased 6% to 74,339 ounces. The company significantly reduced net debt to $1.6 million and advanced its Marmato expansion project, which remains on schedule for first gold in Q4 2026. Additionally, the environmental license application for the Soto Norte project is targeted for Q2 2026 submission.
Key Highlights
- Net earnings rose to $97.6 million, up from $50.86 million in Q4 2025.
- Gold revenue increased 21% to $363.8 million from $301.2 million in Q4 2025.
- Total gold production reached 74,339 ounces, a 6% increase QoQ.
- Cash and cash equivalents grew to $472.1 million from $391.9 million.
- Net debt reduced significantly to $1.6 million from $85.8 million.
- Marmato expansion project invested $41 million, on track for Q4 2026 first gold.
- Segovia gold production increased 5% to 66,567 ounces.
- Soto Norte environmental license application targeted for Q2 2026 submission.