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Aris Mining ( (TSE:ARIS) ) has issued an announcement.
Aris Mining reported its fourth-quarter and full-year 2025 results on March 11, 2026, highlighting a strong year of operational and financial performance. Gold production reached 256,503 ounces in 2025, up 22% from 2024 and above the midpoint of guidance, while gold revenue surged 82% to $909 million.
Adjusted EBITDA climbed 185% year-on-year to $464 million, and adjusted net earnings rose to $241 million, or $1.28 per share, a 265% increase over 2024. The company’s cash balance increased to $392 million and net debt fell to $86 million, as operations generated $322 million in cash flow after sustaining capital and taxes, fully funding $196 million of growth capital and portfolio moves including acquiring the remaining 49% of Soto Norte.
Operationally, Segovia produced 227,762 ounces, a 21% increase driven by higher grades, strong recoveries and a 17% rise in tonnes milled following the installation of a second ball mill in June 2025. Marmato output rose 23% to 28,741 ounces, above guidance, reflecting the existing flotation plant’s capacity ahead of a planned throughput boost when the new carbon-in-pulp plant is commissioned.
At Segovia, total all-in sustaining costs were $1,705 per ounce in 2025 versus $1,507 in 2024, but AISC margins expanded sharply to $420.8 million, up 158%, supported by a significantly higher realized gold price. Owner-operated mining maintained disciplined costs at $1,534 per ounce, while contract mining partners delivered a 44% AISC sales margin despite higher unit costs tied to gold price-linked purchase formulas.
On the growth front, Aris Mining advanced key development assets, completing a prefeasibility study for Soto Norte and a preliminary economic assessment for Toroparu in the second half of 2025. The company ended the year in what it described as a strong financial position, positioning itself to continue executing its expansion plans and pursue permitting and technical milestones at Soto Norte and Toroparu in 2026 and beyond.
The most recent analyst rating on (TSE:ARIS) stock is a Hold with a C$26.00 price target. To see the full list of analyst forecasts on Aris Mining stock, see the TSE:ARIS Stock Forecast page.
Spark’s Take on TSE:ARIS Stock
According to Spark, TipRanks’ AI Analyst, TSE:ARIS is a Outperform.
The score is driven primarily by solid financial performance (strong margins and accelerating free cash flow) and a positive earnings call highlighting record operating results and improving cash position. These strengths are partially offset by expensive valuation (high P/E) and technically overbought signals that increase near-term pullback risk.
To see Spark’s full report on TSE:ARIS stock, click here.
More about Aris Mining
Aris Mining Corporation is a Canadian-based gold producer listed on the TSX and NYSE under the symbol ARIS. The company operates the Segovia and Marmato mines and is advancing growth projects including Soto Norte and Toroparu, with a focus on expanding gold production and strengthening its position in the Latin American gold mining sector.
Formed in September 2022, Aris Mining has rapidly scaled its operations and development pipeline. Its strategy centers on increasing production, optimizing all-in sustaining costs, and advancing large-scale projects through key technical studies and permitting milestones to support future construction decisions and long-term growth.
Average Trading Volume: 1,049,899
Technical Sentiment Signal: Buy
Current Market Cap: C$5.56B
Learn more about ARIS stock on TipRanks’ Stock Analysis page.