Aris Mining (ARIS) Corporate Presentation summary

Growth strategy and operational highlights

• On track to double gold production to over 500,000 ounces per year, driven by expansions at Segovia and Marmato and development of Soto Norte and Toroparu projects.

• Segovia mill expansion completed in June 2025, increasing capacity by 50% to 3,000 tpd, with production ramp-up underway and 2025 output tracking above guidance midpoint.

• Marmato Bulk Mining Zone construction progressing on schedule, targeting first gold pour in H2 2026 and ramp-up to over 200,000 ounces annually.

• Soto Norte PFS outlines a 22-year mine life, low AISC of $534/oz, and average annual production of 203,000 ounces (Aris Mining 51% interest).

• Toroparu PEA underway, evaluating large-scale open pit options, with results expected in October 2025.

Financial performance and capital structure

• Cash on hand exceeds $415 million, with $264 million LTM adjusted EBITDA as of Q2 2025 and net leverage at 0.3x.

• Q2 2025 gold revenue rose 30% from Q1, with adjusted EBITDA up 48% and record adjusted EPS since company formation.

• Long-term debt includes $450 million senior unsecured notes (8% coupon, maturing 2029) and $32 million secured notes, with total debt of $482 million.

• Market capitalization stands at $2.1 billion (US), with average daily trading volume of $30.3 million in Q3 2025.

Operational efficiency and partnerships

• Segovia’s owner mining AISC for H1 2025 was $1,503/oz, tracking toward the lower end of guidance, with CMP-sourced gold delivering a 41% AISC sales margin.

• Contract Mining Partners (CMPs) contribute 40-45% of Segovia’s gold production, supporting community formalization and responsible mining.

• Marmato MOU signed to accelerate formalization of small-scale miners, offering milling capacity and fostering mutually beneficial growth.