Aris Mining (ARIS) Q3 2026 earnings summary

Executive summary

• Q3 production was 69.3 koz; YTD production reached 217.3 koz, up 16% YoY, and trailing 12-month adjusted EBITDA was $702M.

• Growth spending advanced Segovia and Marmato expansions and development work at Toroparu and Soto Norte.

Financial highlights

• Q3 gold revenue was $287.4M; adjusted EBITDA was $143.9M and adjusted net earnings were $72.6M, or $0.35/share.

• YTD revenue was $972.2M; adjusted EBITDA was $534.5M, up 81% YoY, and adjusted net earnings were $292.6M, or $1.42/share, up 99% YoY.

• Cash was $419M at Sept. 30, 2026, compared with $392M at Dec. 31, 2025.

Outlook and guidance

• 2026 production guidance remains 300–350 koz, with output targeted at the lower end; 217.3 koz YTD represented ~72% of the lower-end target.

• Marmato CIP first gold is expected in Dec. 2026, with throughput ramping to ~4,000 tpd by mid-2027 and 5,000 tpd by year-end 2027.

• Segovia and Marmato expansions support ~500 koz/year at full ramp-up; development projects could add ~500 koz/year. Toroparu PFS is targeted for Nov. 2026, with a potential construction decision in early 2027.